Singapore sports tech startup Rovo raises $472k, acquires rival Footy SG


Rovo’s seed round was led by East Ventures and backed by Golden Gate Ventures.

Openspace Ventures closes second Southeast Asia fund at $135m, LPs include Temasek

Openspace now has secured $225 million in total committed capital from its limited partners.

Macquarie Capital’s Green Investment Group acquires solar assets from Conergy Asia

This acquisition is seen to complement GIG’s expertise in wind, waste-from-energy and disruptive green energy technologies.

Temasek backs Orchard Therapeutics’ $150m Series C round

Temasek is a return backer, having previously invested in Orchard’s $110-million Series B funding round in December 2017.

SG’s CapitaLand acquires two prime residential sites in Guangzhou for $297m

The acquisition comes less than three months after CapitaLand announced its purchase of a 32-hectare prime mixed-used site in Chongqing for Rmb5.7 billion ($867 million).

We’re actively scouting for companies in Asia, says Simin Zhou of UL Ventures

UL Ventures targets investments in digital manufacturing, autonomous systems, smart cities, digital health and cyber security.

Morgan Stanley intern rises to senior Southeast Asia role in 7 years

The U.S. firm has appointed Jannie Tsuei, who started as an intern in New York in 2011, as chief operating officer for Southeast Asia investment banking.

PE may need to step in earlier into deals to tap SE Asia opportunity: Perlman, Warburg Pincus

Warburg led a $64-million round for local SaaS firm Trax last year.

No better time to start a crypto fund, says Kenrick Drijkoningen of LuneX Ventures

Unlike most blockchain funds in the market, LuneX is backed by a traditional venture capitalist, instead of a cryptocurrency exchange or blockchain service.

Philippine regulator approves Grab-Uber deal with caveats

Grab has been asked to improve fare transparency and acceptance rates for bookings, respond faster to complaints, and re-evaluate drivers incentives.