Malaysia: Business connector platform BEAM raises funding from SOSV, Artesian Ventures


Previous investors of BEAM include TBV Capital (formerly TinkBig Venture), Amperor Group PTE LTD, and angel investors.

Axiata Digital Innovation Fund invests in drone tech startup Aerodyne

This makes it the largest single investment made by ADIF among its 14 portfolio companies to date.

Private equity player COPE plans to diversify LP base beyond Malaysia

It aims to close its $76-million fourth fund by the end of third quarter this year.

Malaysia’s TNB acquires 80% in two UK renewable energy firms for $235.6m

TNB had last year acquired a 50% stake in a 365MW solar power asset in the UK from a subsidiary of Terraform Power for $607.6 million.

People Digest: Vickers Venture opens Malaysia office; recruits UK tech entrepreneur

Vickers Venture Partners already has offices in Shanghai, Hong Kong, Singapore, New York and San Diego.

Malaysia’s AirAsia sells aircraft leasing unit for $1.2b

The sale raises approximately $902 million of cash proceeds and gives AirAsia’s unit, Asia Aviation Capital Ltd, an enterprise value of $2.85 billion.

Malaysia’s Maxis Communications set to lose $7b in Aircel bankruptcy

The loss from a failed 12-year foray in the Indian wireless market marks Malaysian tycoon T. Ananda Krishnan’s biggest-ever hit on a soured investment.

Malaysia Digest: BookDoc partners Indonesia’s Siloam; 1337 Ventures invests in 10 startups

Healthcare tech firm BookDoc has announced a partnership with Indonesia’s Siloam Hospital Group to enter the Indonesian market.

Malaysian firm MYEG to invest $2.4m in China AR/VR firm Ximmerse

The investment in Ximmerse, which is part of MYEG’s overall expansion strategy to tap into fast-evolving technologies, marks the Malaysian company’s largest overseas investment to date.

French carmaker PSA, Malaysia’s Naza in production JV to tap Asian markets

PSA said the deal with Naza Corp formed part of the company’s “Push to Pass” strategic plan to boost sales.