Kasikorn Bank invests in Tee Entertainment, Zinco

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K-SME Venture Capital Company, a subsidiary of Kasikorn Bank (KBank), will be investing   $1.5 million in two SMEs – Tee Entertainment Company and Zinco Living Company. Of the total amount, 45 million baht ($1.38 million) will be invested in Tee Entertainment, representing 33.83% of the company’s registered capital of… Read more »

Malaysian VC Teak Capital plans IPO exit

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Malaysia based Teak Capital Sdn Bhd, a venture capital management firm, is looking to exit some of its investments in the near future. The disinvestment could take place through an IPO, says managing director and founder Chok Kwee Bee. According to her, Teak Capital’s inaugural fund (Teak Ventures), already in its sixth… Read more »


Thailand’s MTR turns VC with SME Bank

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Thailand based MTR Asset Manager Company Limited, has entered into the venture capital space. It plans to support small-and medium-sized entrepreneurs (SMEs) so that they can grow rapidly. After signing the Memorandum of Understanding (MOU) of Venture Capital for SMES-OTOP project with the SME Bank today, the company’s chairman Chatu… Read more »


Thailand’s SME Bank to launch VC fund

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Thailand’s Small and Medium Enterprise Development (SME Bank) will launch a venture-capital fund this week in order to support high-potential small and medium enterprises (SMEs), who cannot access the financial source, a top executive with the company said. The venture fund is likely to use a budget of around 100… Read more »


Sentinext raises $14m Series B funding 

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Sentinext Therapeutics has successfully completed $14 million Series B financing to further develop its vaccine against the hand, foot & mouth disease (HMFD). The funding will help advance the development of its state-of-the-art bivalent Virus Like Particles (VLP) vaccine against the disease, the company said in an official statement,  adding that… Read more »


Malaysia’s Cradle to co-invest $7m in four firms

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Cradle Fund Sdn Bhd, an agency under Malaysia’s finance ministry, has signed a co-investment partnership with four firms, pledging a combined amount of MYR 23 million ($7 million) over the next two years. The four investor firms are Fatfish Ventures Sdn Bhd, OSK Ventures International Bhd, Japanese firm CoEnt Venture… Read more »


Axiata, Mavcap launch $30m VC for digital cos

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Axiata Group Berhad and Malaysia Venture Capital Management Berhad (Mavcap) have signed an agreement to establish a MYR 100 million ($30 million) venture capital fund named Axiata Digital Innovation Fund (ADIF). In the first phase, Axiata will commit MYR 50 million ($15 million) to the fund while Malaysia’s largest venture… Read more »


VNI converts to open-ended fund

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Vietnam Infrastructure Ltd (VNI), a fund managed by VinaCapital, has changed from being a close-ended investment fund to an open-ended fund. This was disclosed by VinaCapital representative at the annual investor conference, last week. This is part of the new ongoing trend of converting close-ended funds into open-ended ones, a… Read more »


Catcha’s VC arm to invest up to $100m in SEA

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Global investment firm Catcha Group, which boasts of a strong track record of investing in startups in this region, has launched a venture fund to support companies in the new media, technology and mobile space in South East Asia. The new VC division, called Catcha Ventures will invest between $50… Read more »


Fatfish targets two IPOs in 12 months

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Australia Stock Exchange-listed and Singapore based venture accelerator Fatfish Internet Group aims to take two of its associates’ public within the next 12 months. The move follows a similar model to Fatfish itself, which had listed in the Australian Stock Exchange earlier this year. When asked on which exchange the… Read more »