Asia Digest: RHL Ventures launches accelerator; ATEC* snags Series B

Malaysia-based private investment firm RHL Ventures has launched an accelerator programme for local businesses while Australian social enterprise ATEC* Biodigesters (ATEC*) has raised $1.6 million in a Series B equity round.

RHL Ventures launches new accelerator programme 

Malaysia-based private investment firm RHL Ventures has announced the launch of an accelerator programme to identify and scale Malaysian businesses dealing in emerging technologies.

According to RHL Ventures managing partner Rachel Lau, the new accelerator programme underlines the firm’s stronger refocusing of efforts to grow the local entrepreneurial and investment ecosystem along more sustainable lines.

“With Malaysia’s innovation landscape now being more vibrant and dynamic than ever before, we are looking forward to identify and work with the country’s best and most forward-thinking businesses – helping them to scale their innovations and grow them to become local and global champions,” she added.

Founded in 2016, RHL Ventures, a multi-family private investment firm, earlier this year announced that it would raise a RM100 million fund to support the growth of local SMEs.

Australia’s ATEC* Biodigesters secures $1.6m Series B

Australian social enterprise ATEC* Biodigesters (ATEC*) has raised $1.6 million in a Series B equity round led by ENGIE Rassembleurs d’Energies and including Fondation Ensemble, the IIX Growth Fund, and Phitrust Asia.

The company, which is the first globally to integrate PAYGO (pay-as-you-go) with biodigesters, will use the fund to expand its operations from Cambodia to Bangladesh.

ATEC’s unique household biodigester technology was founded and developed for specific application in seasonally-flooded countries such as Cambodia, Bangladesh, Myanmar, and Indonesia.

“At IIX we believe that climate resilience begins by empowering our most vulnerable communities. Having worked in partnership with ATEC* since 2016, we’re excited to see how a commitment to deep social and environmental impact in Asia can drive innovation and sustainability, while generating a financial return for impact investors,” said Robert Kraybill, IIX Chief Investment Officer and Managing Director.

According to IIX’s impact assessment, ATEC’s PAYGO model will enable 7,500 households to access clean energy, reduce exposure to indoor air pollution, free up over 3 hours per day per household—primarily for women—from basic cooking and fuel needs, and avoid 33,000 metric tons of carbon emissions per year.

 

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.