Exclusive: Temasek, Cisco invest in Monk’s Hill fund for Southeast Asia

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Southeast Asia-based venture capital firm Monk’s Hill Ventures continues to rope in big name investors for its $80 million fund, as it gears up to make a slew of investments in the region. Monk’s Hill Ventures has raised funding from Singapore state fund Temasek Holdings and American multinational technology company Cisco, DEALSTREETASIA… Read more »

Exclusive: First close for Expara’s S$30m fund

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Singapore-based venture capital (VC) firm Expara Ventures, which invests in interactive and digital media startups in the city-state, Malaysia and Thailand, has held the first close of its second fund, on S$5 million, DEALSTREEASIA has learnt. It is understood the vehicle has received commitments for a large part of its S$30… Read more »


Singapore’s Economic Development Board joins $15m Series C round of security startup CounterTack

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EDBI, the corporate investment arm of Singapore Economic Development Board, TenEleven Ventures and Mitsui have joined existing investors in pumping an additional $15 million into security startup CounterTack. CounterTac’s recent Series C round was led by TenEleven Ventures, and it takes the total funding the company has raised to date,… Read more »


Funding Roundup: Tata Capital invests in Nearex; Toast raising $750k seed

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Two Singapore firms have announced venture capital backing for further expansion of their offerings. Nearex Pte Ltd, a mobile micropayment start-up, has received a second round of funding from its existing investors led by Tata Capital Growth Fund LP, while fintech startup Toast has got commitments for about 50 per cent… Read more »


Cradle Fund, KK Fund co-invest $500k in Malaysia based Bemalas

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Cradle Fund and its co-investment partner, KK Fund have announced that they will be injecting $500,000 (around MYR1.9 million) into the Malaysian-based startup Be Malas. In a statement, Cradle noted that another angel investor who wishes not be be identified, was also involved in this round of funding. This is the… Read more »


Vietnam’s food service startup Foody raises Series B funding from Singapore’s Garena

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Vietnam-based food service firm Foody Corporation, a portfolio company of Japan’s Cyberagent Ventures, on Tuesday announced that it has secured series B investment from Singapore consumer Internet company Garena. The funding from this round will be used to accelerate growth in the number of users, content and to speed up the table… Read more »


500 Startups tops up $5m more into 500 Durians SEA micro fund

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Silicon Valley-based venture capital fund and startup accelerator 500 Startups  has topped up another $5 million further to its micro fund “500 Durians”, reported by TechCrunch. This was confirmed by a securities and exchange commission (SEC) filing in the US. The latest development comes close to the heels of the US-based… Read more »


Exclusive: Vickers Venture Partners to raise $150m-$200m fifth fund

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Singapore based Vickers Venture Partners, a VC firm specializing in early stage and growth capital, has kicked off the process to raise a $150-200 million fund, DEALSTREETASIA has learnt. This will be the firm’s fifth fund, and is also set to be the largest fund that will be raised by… Read more »


Jungle Ventures ropes in Ratan Tata in advisory role, ahead of launching second fund

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Singapore-based venture capital firm Jungle Ventures, said that it has roped in Ratan Tata, chairman emeritus of Tata Sons Ltd, as a special advisor. In February, Tata had taken up a similar role with Kalaari Capital, a $350 million India-focused venture capital firm. Founded by Anurag Srivastava and Amit Anand, Jungle… Read more »


Malaysia first in ASEAN with crowdfunding legal framework

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Malaysia became a pioneer among ASEAN countries to have laws governing crowdfunding, as the nation’s Parliament passed a Bill to legalise the alternative funding practice. The Parliament, had on Wednesday, passed the amendments in the Capital Markets and Services Bill 2015 to regulate crowdfunding activities. The Bill, which was passed after two… Read more »