Nibertex, a deep tech startup headquartered in Singapore and operating in the Philippines, has concluded a highly successful funding round, which was oversubscribed. This funding initiative was spearheaded by Foxmont Capital Partners, a venture capital firm based in the Philippines, with additional support from influential Southeast Asian families. With the backing of Foxmont Capital Partners, […]

Rio Tinto, a prominent Australian mining company, has partnered strategically with Founders Factory, a renowned global venture studio and startup investor. This collaboration aims to support the development and commercialization of technologies in the mining sector, aligning with Rio Tinto’s mission to innovate and meet the world’s growing demand for essential materials. Under this partnership, […]

Understanding the statistical dynamics of venture capital markets is often important for investors to make informed decisions and mitigate risks effectively. Likewise, achieving an equilibrium between selecting promising startups and managing existing portfolios is essential for optimizing returns and fostering growth.  In Part 1 of our interview series with Jeffrey Paine, Managing Partner at Golden […]

The climate tech startup WasteX, headquartered in Singapore with operations in Indonesia and the Philippines, has secured $450,000 in funding from impact fund P4G Partnerships. This funding round was achieved within less than two years since WasteX, known for its expertise in transforming agricultural waste into biochar, was established by venture builder Wavemaker Impact. WasteX […]

HSBC has unveiled plans to establish a $1 billion ASEAN Growth Fund to provide lending to companies expanding through digital platforms across Southeast Asia. The bank’s recognition of Southeast Asia’s rapidly growing digital economy is forecasted to reach $600 billion by the end of the decade, a leap from $218 billion in value last year. […]

Singaporean fintech enabler Fluid has successfully raised $5.2 million in Series A funding, spearheaded by Insignia Ventures Partners. The funding aims to strengthen Fluid’s business-to-business purchase financing solutions. Fluid Series A round, led by Insignia Ventures Partners, is vital for the Singapore-based startup, known for its flexible B2B purchase financing platform. This latest investment follows […]

Netherlands-based investment firm Orient Growth Ventures has successfully closed its second fund, Orient Growth Fund II, amassing $90 million in commitments. This fund is a major increase from its inaugural $25-million fund raised in 2020. The firm has shown an escalating focus on backing early-stage venture capital managers across Southeast Asia and India. With Orient […]

Oobit, a Singapore-based mobile payment app focused on cryptocurrency, has completed its Series A funding round, securing $25 million in investment. The funding round was led by the investment arm of Tether, a cryptocurrency software company, along with contributions from CMCC Global’s Titan Fund, 468 Capital, and Anatoly Yakovenko, co-founder of Solana. The exact valuation […]

Antler, a global early-stage VC firm headquartered in Singapore, has announced its largest pre-seed investment round to date, committing $5.1 million to 37 startups across Southeast Asia. The portfolio encompasses a wide range of sectors, including AI, B2B SaaS, fintech, and healthcare, addressing various regional challenges. Antler’s recent commitment to backing Singaporean startups, including BorderDollar, […]

InnoVen Capital, the venture debt provider backed by Temasek’s Seviora and UOB, has announced the launch of its second China fund, InnoVen China Fund II, with an initial close of approximately US$130 million.  This USD-RMB dual-currency fund aims for a total size of US$250 million. The fund has already secured about half of its target, […]