Singapore government’s SGInnovate has co-led a $804k seed funding round in deep-tech startup Merkle Science.
Temasek and UOB are contributing $100 million each to InnoVen Capital.
Q & A
STRIVE, formerly GREE Ventures, has hit the first close of its $130m third vehicle.
These include HK-based Abax Asian Structured Private Credit Fund III and Bain Capital Asia IV.
TR Capital III closed in 2016 with $200 million in capital commitments.
The private equity firm specialises in buyouts of small- and mid-sized companies.
IPOs & Markets
The company raised $36.75 million after pricing its initial public offering (IPO) at $10.50 per American Depositary Share (ADS).
The holding company for businesses, Travelex Holdings Ltd and the UAE Exchange Centre LLC, could opt to restructure or delay the IPO, sources said.
The investment values Greensill, which provides alternative supply chain funding to companies, at $3.5 billion, per sources.
The fund exceeded the target corpus of $500 million.
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