Juliet Shwe Gaung

Correspondent, Myanmar
Email: jshwegaung@dealstreetasia.com

Japanese VC firm Globis makes first close of latest fund at $321m

The fund plans to make investments primarily in the digital sector and tap opportunities in new technologies such as AI, IoT and blockchain.

Dutch chipmaker NXP makes strategic investment in China’s Hawkeye

The partnership will enable NXP and Hawkeye to work together to create reference designs to expand their operations in the Chinese market.

Myanmar Digest: MSH gets nod for Yangon school; SPARX backs MyanCare

MyanCare Telemedicine, a healthtech company, has raised an undisclosed pre-Series A funding from Japan’s SPARX Investment Group.

China’s electric vehicle startup Enovate Motors closes $298m Series A

Enovate has so far raised over RMB 6.5 billion ($760 million) in funding since the founding in mid 2018.

Singapore’s Komorebi Food Ventures picks 30% stake in Dosirak

The deal will help Singapore-based Dosirak – which means lunch boxes in Korean – expand its brand across Asia.

Australia Digest: State awards $886k to Singapore’s IIX; Shebah raises $1m

IIX will use the proceeds of the funding to support the growth of 500 impact enterprises across Asia.

IFC proposes $14m debt package for Pakistan’s Shifa hospitals

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.

NZ Super Fund targets to invest up to $115m in data centres

CIM Group will be acting as an external fund manager for the investments on behalf of the NZ Super Fund.

HK supply chain compliance platform ICW raises $2.5m led by MindWorks

Innovation and Technology Venture Fund Corporation, set up by the Hong Kong SAR Government, also participated in the round.

IFC grants $3m loan to SLCM to expand Myanmar agribusiness

The capital will be used to expand the company’s warehousing facilities and allied services in Myanmar.