Mavcap-Gobi’s $200m tech fund gets Bosch, Cisco, Unilever as anchor investors


Fund will focus on late-stage funding of tech firms in Malaysia and rest of SEA.

Malaysia: Geely finalises acquisition of stakes in Proton & Lotus

The acquisition is expected to be completed in three months.

Malaysia: VR firm Havson Group secures seed funding from 500 Startups

Malaysian VR Studio Havson Group has secured a round of funding from 500 Startups.

Shariah-compliant robo advisor Algebra to pilot in Asia before going global

Farrington’s Algebra also proves a Non-Shariah option.

Malaysia: MBSB submits application to BNM for merger with Asian Finance Bank

MBSB’s largest shareholder is the Malaysian pension fund EPF that owns 65.4%

Malaysia: Health-tech firm BookDoc raises funds from Indonesia’s Hamami Family

This is third such investment since last year for the firm from wealthy families.

Malaysian wireless carrier Maxis plans up to $406m share offering

The new shares will increase Maxis’ free float to 37.1% from 35.1%.

Malaysia’s Lotte Chemical Titan draws PNB, Eastspring as IPO cornerstone investors

Firm plans to raise $1.4b via its IPO in July.

Asia Digest: Cradle leads $300k funding in MyCash; IdeaSpace awards top 12 teams

In two separate developments in the startup space in Southeast Asia, fintech company MyCash raised over $300K in its crowdfunding campaign, while 12 teams won in the IdeaSpace 2017 startup acceleration programme in the Philippines. Cradle leads $300K crowdfunding campaign in MyCash Malaysia-based fintech startup MyCash Online raised up to… Read more »

Misappropriated 1MDB funds helped finance $2.2b Coastal Energy acquisition in the US

The US government made the allegation in a lawsuit filed last week.