Asia Digest: GIC buys Dutch tech park; NZ’s Easy Crypto raises $11.75m

Singapore’s GIC has reportedly acquired a tech park for $1.3 billion in the Netherlands, while New Zealand-based crypto exchange Easy Crypto has raised $11.75 million in its Series A round led by venture capital fund Nuance Connected Capital.

GIC acquires tech park in the Netherlands 

Singapore’s GIC has reportedly acquired a tech park for $1.3 billion in the Netherlands.

The High Tech Campus is located in Eindhoven and houses 235 companies, per a report by Mingtiandi. The sale was completed last week.

The transaction has been routed through an Oaktree Capital fund, added the report.

GIC is one of the three investment entities in Singapore, has invested in the country before this as well. It has a 3% stake in Dutch real estate fund Euro Commercial Properties, mainly active in shopping centres. It also has shares in the CitizenM hotel chain, which has hotels at Schiphol and in Amsterdam and Rotterdam.

In March, GIC agreed to buy a 2.5% stake in Europe’s largest mobile phone towers operator Cellnex from Edizione, according to Reuters.

NZ’s Easy Crypto raises $11.75m in Series A

New Zealand-based crypto exchange Easy Crypto has raised $11.75 million in a Series A round led by venture capital fund Nuance Connected Capital, according to an announcement.

The funding comes in at a time when the firm is eyeing an initial public offering (IPO) in the future.

Other investors including Pathfinder, Icehouse Ventures, Even Capital, Indonesia-based GDP Venture and US-based Hutt Capital and Seven Peaks Ventures participated in the round.

Easy Crypto’s Series A is understood to be the largest first funding round completed by any New Zealand firm.

The round was reportedly oversubscribed by fifty per cent. Further investment, in excess of $10 million, has already been indicated by large blockchain fund managers for a subsequent Series A+ round.

Easy Crypto is New Zealand’s cryptocurrency retail platform offering customers a safe, secure and simple way to buy, sell and trade more than 150 cryptocurrencies including Bitcoin, Ethereum, Tron and many more..

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.