Singapore aquatech startup Umitron bags $8.25m in equity financing round


The startup received funding from Innovation Network Corporation of Japan, Design for Ventures (D4V) and angel investors.

Noble Group obtains $100m in financing from investors in restructuring boost

Noble said a consortium of investors, which includes perpetual security holders Value Partners Ltd and Pinpoint Asset Management, will provide the three-year financing.

GIC backs $400m private placement in US smart transportation startup Verra Mobility

US-based Verra is set to be publicly listed upon an imminent merger with Gores Holdings II, a special purpose acquisition company sponsored by an affiliate of The Gores Group.

Singapore mobile games studio Mighty Bear closes seed round

In a statement, Mighty Bear claimed the seed round is one of the largest in Southeast Asia.

Temasek Group said to consider $2.65b bid for UK school group: Report

CVC Capital Partners is also reportedly examining the bid while Singapore’s sovereign wealth fund GIC is among other potential bidders.

Toyota gains access to data on driving patterns across SE Asia with $1b Grab bet

The data gives Toyota insight into fleet management as it develops services including futuristic concepts such as pay-per-use mobile restaurants.

HK robo-adviser Quantifeed raises $10m Series A led by Cathay Financial

Quantifeed says the Series B round will fuel its regional growth in Asia.

SG Dealbook: Allied Tech raises $18.6m; Gloria Mansion on sale for $58m

Singapore’s Allied Technologies has raised $18.6 million through a private placement to four investors

SG Digest:Tribe Theory enters Indonesia, India; Gordian Capital opens Shanghai office

Tribe Theory, a REAPRA-backed operator of global hostels and hotel brands for startups and budding entrepreneurs, has expanded into Indonesia and India.

Singapore’s Sea raises $575m in convertible notes on back of strong demand

The net proceeds will be used for business expansion and supporting the growth of its e-commerce platform Shopee.