By Kristie Neo
The fund is backed by Apollo Hospitals, Jungle Ventures, Eight Roads Ventures, the proprietary investment arm of Fidelity International, and other private investors.
Dymon Asia, which claims to have clocked a net IRR of a little under 30% from its $240 million vehicle DAPE I, hopes LPs would see the region as a “must have” part of their investments.
The latest financing will help RWDC accelerate the development of its polyhydroxyalkanoate (PHA) biodegradable biopolymers that it says can replace single-use plastics,
Some crypto firms have complained that there’s a regulatory vacuum that hampers their Singapore operations because they are unable to open local bank accounts.
The Series B round was closed over two years after the company raised $2.57 million in its Series A led by Walden International.
He said, it is part of the core strategy with SoftBank – which is creating a “unicorn farm” by taking the unicorns to the region through Grab’s platform.
The deal follows a similar stake purchase in Cellnex by Abu Dhabi sovereign wealth fund ADIA last week.
Wedever will function as a separate entity under Venuerific upon closure of the deal.
With the merger, both YCP and Solidiance will jointly cover 20 key markets in the Asia Pacific region.
The proceeds will be used to drive Gogoprint’s expansion into Australia, New Zealand and South Korea over the next 12 months