By Ka Kay Lum
The second fund would make seed stage investments in deep tech companies based in the US.
Minor International has agreed to pay HNA, NH’s biggest shareholder, 622 million euros for a 26.5% stake in the hotel group, subject to certain conditions.
IFC will be the sole subscriber in the seven-year US dollar-denominated SME/green bonds of TMB to be issued by TMB through a private placement.
Over $10 million of the $30-million fund has been deployed so far and the VC arm is looking to increase its fund size next year.
The $100-million fund primarily targets investments in fintech-related areas such as blockchain, geolocation and payments, but it is also exploring ‘frontier’ technologies such as augmented reality/virtual reality that could help shape the fintech world in the years to come.
The acquisition was funded through bank loans.
Czech private equity firm Genesis Capital has exited its stake in Prague-based point-of-sale advertising and in-store communication company POS Media Group to Thailand-based DemoPower. DemoPower, which specialises in point-of-sale and brand awareness campaigns and is a member of retail marketing firm Omni Marketing Global (OMG), acquired a 47 per cent share… Read more »
The latest capital infusion makes Digital Ventures the largest VC fund in Thailand.
Baania said it had raised an undisclosed sum in a funding round from Krungsri Finnovate, state-owned oil & gas company PTT Public Company and 500 TukTuks, besides Addventures.
Offerings of digital tokens will not be allowed until the regulations are announced.