By Salman S.H
Avail Finance has raised a total of $17.2m so far, including debt and credit lines from multiple NBFCs and other investors.
VC firm Square Peg Capital, which focuses on investments in Australia, Israel and Southeast Asia, closed its first formal fund at $180 million in 2017.
The funding round, led by Goldman Sachs Growth Equity, was also joined by existing investors including HCL, Northgate Capital, Redpoint Ventures, and Wing VC.
TR Capital and NewQuest have started buying shares in individual startups after discussions to purchase VC portfolios didn’t fructify.
Micro-projector developer XGimi Technology has raised $95 million in funding from a group of investors, including Matrix Partners China and Baidu.
The startup harnesses AI, machine vision, and deep-learning neural networks to defend against drone threats.
Venture debt as a percentage of venture capital in Southeast Asia is still low at approximately 5%, compared to 10-15% in more developed ecosystems.
The TKS1 fund will make early-stage investments in med-tech and life science companies.
The companies include four digital trade lenders and a platform to access global trade instruments.
The venture capital arm of telco Telkom Indonesia was joined by existing investors Telstra Ventures and NSI Ventures in the latest funding round.