Juliet Shwe Gaung
The fund plans to make investments primarily in the digital sector and tap opportunities in new technologies such as AI, IoT and blockchain.
The partnership will enable NXP and Hawkeye to work together to create reference designs to expand their operations in the Chinese market.
MyanCare Telemedicine, a healthtech company, has raised an undisclosed pre-Series A funding from Japan’s SPARX Investment Group.
Enovate has so far raised over RMB 6.5 billion ($760 million) in funding since the founding in mid 2018.
The deal will help Singapore-based Dosirak – which means lunch boxes in Korean – expand its brand across Asia.
IIX will use the proceeds of the funding to support the growth of 500 impact enterprises across Asia.
IFC has proposed to take up to 12% equity in the company and provide the loan to partially fund Shifa’s expansion in Pakistan and Tanzania.
CIM Group will be acting as an external fund manager for the investments on behalf of the NZ Super Fund.
Innovation and Technology Venture Fund Corporation, set up by the Hong Kong SAR Government, also participated in the round.
The capital will be used to expand the company’s warehousing facilities and allied services in Myanmar.