Cyber security firm Tenable raising $250m Series B led by Insight Venture, Accel


Privately held software maker Tenable Network Security Inc said on Tuesday it is raising $250 million in venture capital funding, a record-sized round for a cyber-security firm. Proceeds from the Series B round, which was led by Insight Venture Partners and existing investor Accel, will be used to fund product… Read more »

Indonesian electronics e-tailer Bhinneka raises $22m from local VC Ideosource, plans IPO

By, an Indonesia-based online store and market leader in electronics-related products, has secured an investment of Rp300 billion ($22.06 million) from local VC firm Ideosource. The company will use the funds to ramp up its marketing efforts, and become a dominant player in more product categories.The round is Ideosource’s largest startup investment… Read more »

Indonesian online tour and activity package provider Tripvisto raises $1m from Gobi Partners


Jakarta-based online tour and activity package provider, Tripvisto, has secured a $1-million Series A financing led by Gobi Partners, to improve product offerings, hire new talent and enhance marketing efforts. Tripvisto, which provides Indonesian travelers with competitively priced tour packages for popular international and domestic destinations, also plans to improve product offerings… Read more »

India: Ready-to-eat startup Chefs Basket raises $6m from SAIF partners, Haresh Chawla of IVFA


Ready-to-eat food start-up Chefs Basket has raised $6 million (about Rs 40 crore) in series A funding from private equity firm SAIF Partners and Haresh Chawla, partner at India Value Fund Advisor, according to a report in The Economic Times. The investors were issued fresh equity in the company against… Read more »

Intel Capital commits to $22m across 10 startups, plans for $500m in Asian startups


Intel Capital, the Intel Corporation’s global investment and M&A arm, announced at the Intel Capital Global Summit on 4 November 2015 that it had committed to new investments totalling more than $22 million in 10 startup ventures across a range of industries. . Commenting on this development in a release, Wendell Brooks, Intel… Read more »

Indonesia: Bank Mandiri’s new VC to launch ops with $36m cap; bets on online payments space


Indonesia state-owned bank PT Bank Mandiri Tbk (BMRI) has set up its venture capital firm, Mandiri Capital with an initial capital of Rp 500 billion  ($36.90 million). Mandiri Capital, which is set to launch operations next year, will prioritise investing in startups that provide innovative payment services relevant to e-commerce. Also… Read more »

MAVCAP’s fund size hits $325.6m making it Malyasia’s largest VC firm


Malaysia Venture Capital Management Bhd‘s (MAVCAP) fund size has hit MYR1.4 billion ($325.58 million), making it the country’s largest venture capital firm, according to Science, Technology and Innovation Minister Wilfred Madius Tangau. MAVCAP, a government-owned company, has invested in 225 technological start-up companies directly and through its 16 Outsource Partners… Read more »

India: SEAF Capital to invest up to $25m in agri-startups from second fund


SEAF India Investment Advisors (SIIA)  is going to invest between $20 million and $25 million in startups in the agri-business sector by the end of the financial year. SIIA has used 85 per cent of its first India Agribusiness Fund, said managing director Hemendra Mathur, in a chat with DEALSTREETASIA. The… Read more »

500 Startups doubles its Southeast Asia Fund to $22m


US-based accelerator and investment fund 500 Startups has more than doubled its South East Asia fund size to about $22.1 million, according to an SEC filing. DEALSTREETASIA had first reported this development last month, and the SEC filing now confirms that the fund size has been increased by another $7 million,… Read more »

Omidyar Network invests in Philippines digital media firm Rappler


Impact investor Omidyar Network made an undisclosed amount of investments in Rappler Holdings Corporation, the parent firm of Philippine-based online media company Rappler.