The deal is subject to approval by the Committee on Foreign Investment in the United States.
The finance ministry holds a 25.9 per cent stake in TMB, followed by ING which owns 25 per cent.
According to local media reports, the investors have acquired a 25 per cent stake in the startup.
Launched in 2017, Krungsri Finnovate was set up with a corpus of $30 million, which should be entirely deployed by the end of 2019.
The investment will allow it to further expand its clean energy business in the Asia-Pacific region.
Central Group will acquire a significant non-controlling stake in the Thai entity.
Mike Maples, Floodgate Ventures, Stanford University, Triplepoint Capital, CRCM and Alibaba also participated in the round.
Hong Kong-based social trading platform StockViva has secured a pre-Series A round of financing from Alibaba Entrepreneurs Fund.
Humanforce will use the funding to scale up its global operations, particularly in the US, and extend its SaaS and mobile platforms for workforce mana
The round was led by JJDC, the venture capital arm of Johnson & Johnson, and brings Memebox's total funding raised to $190 million.
© Copyright DEALSTREETASIA 2014-2019 All rights reserved.
Forgot your password?
We will never share your information with third parties.
Already have an account? Sign in here
If you don’t already have an account click the button below to create your account.
Unlock your competitive advantage in
rapidly evolving cape. Our packages
come with exclusive access to archive
content, data, discount on summit tickets & more
Be a part of our growing community now.