Asia Digest: Australia's Damstra, Modibodi, Infensa in funding news

Asia Digest: Australia's Damstra, Modibodi, Infensa in funding news

Brisbane, Australia. Photo by Brisbane Local Marketing on Unsplash.

Enterprise software developer Damstra Holdings confirms a non-binding bid from technology-focused private equity firm Accel-KKR. Meanwhile, Quadrant Private Equity has exited leakproof apparel company Modibodi for A$140 million ($95.4 million), and Infensa Bioscience, an Australian company that uses spider venom to treat heart attack or stroke, has raised A$23 million ($15.6 million).

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