By Mars Woo
Rovo’s seed round was led by East Ventures and backed by Golden Gate Ventures.
Openspace now has secured $225 million in total committed capital from its limited partners.
This acquisition is seen to complement GIG’s expertise in wind, waste-from-energy and disruptive green energy technologies.
Temasek is a return backer, having previously invested in Orchard’s $110-million Series B funding round in December 2017.
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).
UL Ventures targets investments in digital manufacturing, autonomous systems, smart cities, digital health and cyber security.
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.
Warburg led a $64-million round for local SaaS firm Trax last year.
Unlike most blockchain funds in the market, LuneX is backed by a traditional venture capitalist, instead of a cryptocurrency exchange or blockchain service.
Grab has been asked to improve fare transparency and acceptance rates for bookings, respond faster to complaints, and re-evaluate drivers incentives.