Coolmate, Ecotruck, Go2Joy, stic ventures, STIC Investments

Nguyen Hue, Vietnam. Photo: Peter Nguyen/unsplash

South Korea-based investment firm STIC Investments, which has a strong presence in Vietnam’s private equity space, is scouting for more venture deals to tap into the country’s fast-growing startup ecosystem.


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Petronas ties up TM, Sime Darby Plantation for 2nd accelerator programme

Menara Berkembar Petronas, Kuala Lumpur, Malaysia. Photo by Vlad Shapochnikov on Unsplash Malaysia state-owned oil company Petroliam Nasional Berhad (Petronas) announced its collaboration with state-linked telecommunications firm Telekom Malaysia Bhd (TM) and plantation company Sime Darby Plantation Bhd for the second edition of its technology accelerator programme Petronas FutureTech 2.0.…

Read more: Petronas ties up TM, Sime Darby Plantation for 2nd accelerator programme

Vertex Ventures, zVentures back Southeast Asia-focused crypto exchange Coinomo

FILE PHOTO: Representations of cryptocurrencies including Bitcoin, Dash, Ethereum, Ripple and Litecoin are seen in this illustration picture taken June 2, 2021. REUTERS/Florence Lo/Illustration/File Photo Coinomo, the company that runs the Southeast Asia-focused cryptocurrency exchange OMO, has secured an undisclosed amount in a round of financing led by Vertex Ventures…

Read more: Vertex Ventures, zVentures back Southeast Asia-focused crypto exchange Coinomo

Singapore real estate major CapitaLand sets up $37.8m innovation fund

Singapore-based real estate major CapitaLand Ltd has set up a S$50 million ($37.8 million) fund to spur sustainability-focused innovation in the built environment space. The CapitaLand Innovation Fund will invest the capital over five years. “The CapitaLand Innovation Fund will enable us to catalyse more innovations, accelerate our global sustainability…

Read more: Singapore real estate major CapitaLand sets up $37.8m innovation fund

Editor’s take: The week that was — June 7-12

In one of the most significant developments that unfolded last week, Southeast Asian ride-hailing unicorn Grab said its merger with blank-cheque company Altimeter Growth Corp has been delayed. The company can now complete the SPAC merger only by the fourth quarter of this year. It had previously said it was seeking to complete the transaction…

Read more: Editor’s take: The week that was — June 7-12

Corporates join institutional VCs in trying to fix Malaysian startups’ funding constraints

Kuala Lumpur, Malaysia. Photo by Kah Hay Chee on Unsplash For a few years now, large corporates in Malaysia, like their counterparts elsewhere in Southeast Asia, have been sensing the potential benefits of investing in external startups.

Read more: Corporates join institutional VCs in trying to fix Malaysian startups’ funding constraints

Singapore accounting software startup Osome raises $16m Series A round

Osome’s founding team: Anton Roslov, Victor Lysenko and Konstantin Lange. Osome, a Singapore-based startup that helps in digitalising accounting and compliance services for SMEs, has raised $16 million in a Series A funding round to fuel its international expansion. Investors who joined the funding round include European investment manager Target…

Read more: Singapore accounting software startup Osome raises $16m Series A round

Chinese alcohol distributor Baoyun bags over $94m led by Country Garden VC

Baijiu liquor in Zunyi, Guizhou Province, China. Photographer: Nelson Ching/Bloomberg Baoyun Group, a distributor of wines and whiskies in China, has raked in 600 million yuan ($94 million) in a Series A round of financing led by Country Garden Venture Capital, the investment arm of Chinese property developer Country Garden.…

Read more: Chinese alcohol distributor Baoyun bags over $94m led by Country Garden VC

Malaysia’s healthtech startup Naluri bags $5m in Series A funding

Naluri co-founder, CEO Azran Osman Rani Malaysia-based digital health service provider Naluri Hidup announced on Wednesday the closing of a $5 million Series A funding round. Besides the cornerstone investor, Singapore’s Integra Partners, other strategic investors who participated in the funding include: Duopharma Biotech Bhd, Pathology Asia (via Biomark), and…

Read more: Malaysia’s healthtech startup Naluri bags $5m in Series A funding

Singapore fintech startup BondEvalue raises $6m in Series A round

Indonesia-based fintech startup wagely raises $5.6m in funding

ING Labs spin-out Stemly nets $2.5m seed funding and other SE Asia deals

Temasek-backed fintech firm to acquire UK-based B2B payments platform

Malaysia’s Yinson, SG’s SMRT Ventures co-invest in autonomous vehicle startup MooVita

Indonesia’s Alodokter raises fresh funding from MDI, Samsung Ventures

SG fantasy sports startup Beryllium raises $3m and other SE Asia deals

Singapore VC Good Startup hits first close of protein fund at $25m

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