SG Roundup: Sirrus VC, BlueHill Asset Management

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India and China continue to be the focus of many Singapore-based venture capital (VC) firms as they look to grow their portfolio in emerging markets.  For some of these VCs, their investments range from a company referred to as ‘Uber for logistics’ to the remittance business for a mobile commerce… Read more »

Spruce, Xeraya raise $150m in 2nd MLSCF

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Spruce Capital Partners LLC and Xeraya Capital have raised $150 million in the first close of their MLS Capital Fund II, the successor fund to the $162 million Malaysian Life Sciences Capital Fund. The fund, like its predecessor fund, will be co-managed by San Francisco-based Spruce Capital and Malaysian firm… Read more »


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 »