Temasek among investors in Chinese travel website Tuniu’s $500m round


Chinese travel website Tuniu said it sold $500 million worth of new shares to a group of investors led by Nasdaq-listed, the country’s second largest e-commerce site. will invest $350 million – purchasing shares at $5.33 each – and the deal will see it become the largest shareholder… Read more »

Bitcoin exchange Itbit raises $25m Series A round

New York-based Bitcoin exchange ItBit, which maintains offices in Shanghai and Singapore, has established itself as a trust company for US customers, as well as raised $25 million in a Series A venture round. A trust company charter from the New York State Department of Financial Services allows it to operate in all 50… Read more »

Vertex Ventures participates in Moximed $33m Series B round

 Vertex Ventures , the venture capital arm of Temasek Holdings, has participated in venture funding round organised by medical device company Moximed. This round raised $33 million in private equity investments, with the aim of developing knee implants to alleviate knee pain. To date, Moximed has raised $80.6 million across three rounds…. Read more »

GIC to invest £1.1 billion in Hutchison Whampoa’s enlarged UK telecoms business

Singapore’s sovereign wealth fund GIC Pte Friday said it will invest £1.1 billion (British pounds), alongside four other institutional investors to acquire 33 per cent of the combined businesses of Three and O2 UK for £3.1 billion. The other investors include, Canada Pension Plan Investment Board, Limpart Holdings Limited, a wholly… Read more »

ASEAN a promising space for dealflow in aerospace & travel

Southeast Asia (ASEAN) continues to be one of the world’s fastest growing regions in terms of passenger travel and freight transportation volumes, buoyed by an expanding middle class and lower airfares brought about by budget carriers. This raises the prospect of increased dealflow and opportunities in the travel, aerospace and other… Read more »

Singapore’s VC investments exceed $1b in 2014 :SVCA

Singapore-based private equity (PE) and venture capital (VC) fund managers deployed more than $9 billion, while VC investments exceeded $1 billion, with Singapore continuing to be a major investment hub. Singapore-based fund managers accounted for more than 55 per cent of total PE and VC investments into Southeast Asia. Meanwhile, Singapore-based companies received more than $2.7… Read more »

Infocomm Investments participates in $12m funding round for Gengo

Japan-based Gengo, the translation platform for global companies, announced it had recently closed a $12 million round of funding led by Intel Capital. Iris Capital, Infocomm Investments, NTT-IP Fund and STC Ventures and existing investor Atomico also participated in this round. Gengo provides an API and platform for fast, high-quality human translation of 33 languages, using a pool… Read more »

Singapore based telco MI buys 15% in Oman’s TeO

Singapore based telco M1 will pay S$10.3 million for a 15 per cent stake in Integrated Telecommunications Oman, a reseller of mobile services in the West Asian country under Telecom Oman (TeO) brand. M1, which provides mobile and fixed services to close to two million customers in Singapapore, said that its… Read more »

SG’s Iglobe Partners among investors in Scanadu’s $35m Series B round

Scanadu, a Silicon Valley based medtech company building a family of mobile medical products for consumers, has secured a $35 million in Series B funding from Fosun International and Tencent Holdings Limited, with participation from China Broadband Capital and Iglobe Partners of Singapore, as well as A-round investors Relay Ventures, Redmile Group, Ame… Read more »

Singtel Innov8 leads $15m Series B round in DataTorrent

DataTorrent, a firm specialising in real-time big data analytics and creator of the world’s first enterprise grade real-time stream processing platform (RTS) on Hadoop, has closed a $15 million Series B financing round led by Singtel Innov8. Additional participants included GE Ventures and all existing investors from the company’s Series… Read more »