Draper investing in ASEAN-focused funds: VentureBeat

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Timothy Draper, a Silicon Valley venture capitalist (VC), known for his investments in Hotmail, Skype and Baidu has disclosed to business publication VentureBeat that he is targeting increased deals flow in Southeast Asia, as well as acquiring new talent for his board of directors. According to a VentureBeat report, Draper has invested… Read more »

India: Intel Capital’s Sudheer Kuppam & Hyderabad’s Parampara Capital launch VC funds to back startups

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The startup scene in India is booming, and the country may well boast of the fastest growing startup ecosystem globally. Risk capital investments in India in the first half of this year have surpassed the total amount startups raised in the whole of  2014, and the record funding and deal… Read more »


Exclusive: Teak Capital unlikely to go for another IPO, leaning towards trade sales

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As Teak Capital Sdn Bhd marches on with its divestment strategy, the Malaysian venture capital fund believes its following exits will likely be trade sales, rather than IPOs. Without disclosing much, managing director Chok Kwee Bee told DEALSTREETASIA that the firm is working on divesting from most of the seven companies… Read more »


Exclusive: GCC investors keen on early stage deals in Malaysia, says Eureeca.com

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Investors from the Gulf Cooperation Council (GCC) have shown a growing appetite for Malaysian businesses over the past years, equity crowdfunding (ECF) platform operator Eureeca.com notes. Eureeca.com managing director and co-founder Sam Quawasmi said this was partly due to GCC investors’ familiarity with Malaysia, which is a favoured holiday destination for many of them. “A lot… Read more »


Venture capital cash surfers may see waves recede in market turmoil

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The waves of cash surfed relentlessly by some of Silicon Valley’s largest venture-backed businesses are showing signs of receding amid concern the companies may be already worth more than they’re likely to be valued once they finally go public. Investors have created 132 privately held companies valued at $1 billion… Read more »


Temasek anchor LP in Vertex Ventures’ inaugural $141m fund

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Singapore state fund Temasek Holding is the anchor LP in California based Vertex Ventures, which has raised its debut $140.9 million early-stage fund. Vertex Ventures, co-founded by General Partners In Sik Rhee and Jonathan Heiliger to make early-stage investments in enterprise and cloud infrastructure companies, said a regulatory filing that… Read more »


From volleys to ventures: Andy Murray dips into crowdfunding

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British tennis player Andy Murray has ventured into crowdfunding. The world No.2 has made three investments of an undisclosed sum on London-based crowdfunding platform Seedrs, as the sector that allows large numbers of people to invest small amounts of capital to finance a business venture continues to move into the… Read more »


IFC joins Temasek, Thakral Group in backing Jungle’s $100m second fund

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The private sector lending arm of the World Bank – International Finance Corporation – plans to invest up to $20 million in the new fund that is being raised by Singapore-based venture capital firm Jungle Ventures, IFC said in a disclosure. IFC plans to invest $10 million in the Jungle’s upcoming $100… Read more »


Hollywood’s MGM invests undisclosed amount in iflix

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Metro-Goldwyn-Mayer (MGM), the Hollywood based studio, has become an investor in iflix, the Internet TV service in Southeast Asia. The investment represents a significant deepening of the relationship between iflix and MGM, which includes an extensive multi-year content licensing partnership, the company said in a statement. In May, iflix had also appointed… Read more »


Vietnam’s OnOnPay grabs six-digit investment from Captii Ventures

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Hanoi-based startup OnOnPay, which allows users to easily top up talk time via mobile, Thursday announced that it has secured a six-digit amount in seed funding from Captii Ventures. The round marks the first ever investment by the Singapore-based venture capital fund in Vietnam. The proceeds from the investment will… Read more »