By Shiwen Yap
Funds to help Calysta expand manufacturing capacity
It targets to run 80 hotels by 2021 and 1,000 hotels by 2026.
Funds to be used for expansion and working capital needs
The latest funding is a part of a S$75m round.
The transactions are expected to be completed by end of June.
Motel will be based in Singapore.
Hatcher’s other active portfolios include Telr, SocialCops, ThoughtRiver & ASYX.
Gaurav Sharma of Atlantis Capital believes that the venture ecosystems of Asian destinations such as Singapore and Hong Kong need a Silicon Valley-like deep tech talent pipeline in order to grow. When it comes to talent, he also suggests that Asia-based venture capital firms look inwards and diversify their own talent profiles to… Read more »
Henderson Global sold its Singtel holdings in Asia-based portfolios last month,
Partners PayPal and NVIDIA for research on fintech and deep learning.