Vertex Ventures invests in NetDragon subsidiary

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Chinese mobile internet platform developer and operator NetDragon Websoft Inc has raised $52.5 million in Series A funding for its online education subsidiary from a group of investors that include Singapore’s Vertex Venture, a wholly-owned subsidiary of state fund Temasek. The other investors include IDG Capital Partners and Shenzhen-listed animation producer… Read more »

Exclusive:Thai dating app to raise $400K seed fund

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Thailand-based dating app platform Noonswoon is planning to raise a second seed fund in April, next year. The startup that has been operating its successful mobile dating application since December 2012, is preparing to go regional, with the funds raised from second seed financing. The new fund is expected to be around $400,000, similar… Read more »


Infinity Levels secures $500K from InVent

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Thailand’s gaming studio Infinity Levels Studio has secured $500,000 seed funding from InVent, a venture-capital unit of Intouch Holdings PCL. According to an official statement by InVent, Infinity Levels will use this fund to for global launch of the animal racing game Ranch Run and launch two other titles of the same game… Read more »


Thailands InVent gears up for investing in startups

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InVent, a venture capital project of the INTOUCH Group, is planning several joint venture with rapidly-growing startups in Thailand, next year. It will consider startups that are related to its business such as Information Technology (IT), telecommunication, digital content providers and media. “We are considering joint ventures with three to… Read more »


Page365 raises $420k, to launch in Vietnam

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Page365, a social media e-commerce platform for sellers on Facebook and LINE application, run by Thailand-based Softbaked Limited, has raised $420,000 in seed funding from Inspire Ventures and existing investor Galaxy Ventures, today. It received its first round of undisclosed seed funding from Galaxy Ventures last year. The startup’s founders, Lusarun… Read more »


Runa Capital nears final close of $300m fund

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Runa Capital, a Moscow based private equity firm is planning the final close of its second vehicle – a $300 million fund focussed on European, North American and Asian tech companies – by March 2015, DEALSTREETASIA has learnt. The new vehicle, called Runa Capital II, had recently collected about $100 million… Read more »


SoftBank invests $250m in Uber-rival GrabTaxi

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Malaysia’s GrabTaxi, which has emerged as Southeast Asia’s leading taxi mobile app, said it raised $250 million in Series D financing from SoftBank Corp, the technology firm controlled by Masayoshi Son, marking the largest ever funding round by an internet company in the region. This dwarfs the $40 million that its… Read more »


Jungle Ventures targets $60-100m second fund

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Singapore headquartered Venture Capital firm – Jungle Ventures – is raising its second fund with a target of up to $100 million as it seeks to tap opportunities in the fast growing tech and consumer sector in the region, and also become the leading player in the early stage investors’… Read more »


PocketMath raises $10m in Series A from Rakuten

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PocketMath, a Singapore-US mobile advertising startup has raised $10 million from Rakuten Ventures, the the VC arm of Japanese e-commerce giant Rakuten. This marks the largest ever first round funding for any Singapore-based startup. It is also the biggest single investment by Rakuten Ventures till date. The company said the Series A financing would… Read more »


Convergence launches $25m Indonesia VC fund

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Convergence Accel, an early stage technology venture fund, focused on investing in Indonesia, has launched a $25 million fund to invest in startups as it aims to ride on the entrepreneurial boom in the country. Indonesia boasts of the largest consumer markets in the region with close to 250 million… Read more »