Investment
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Panasonic launches new VC arm with US$100 million corpus
OneSmile app combines various features, existing platforms and functions in one app,
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Bangkok Bank announces International Fintech Accelerator in collaboration with Nest
Thailand’s largest commercial bank is on the hunt for startups with fresh ideas through the launch of a new accelerator programme in collaboration with early-stage VC Nest. Known as InnoHub FinTech Accelerator, the fintech accelerator…
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Life.SREDA, MDEC in strategic partnership to launch US$20 million joint fintech fund
Life.SREDA, a Singapore-based venture capital (VC) firm with Russian origins, made an announcement that it has entered into a strategic partnership with Malaysia Digital Economy Corporation (MDEC) to launch a joint fintech investment fund. The…
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Sequoia China, CMC Holdings to establish sports investment fund
Sequoia Capital China and China Media Capital (CMC) have jointly established a sports investment fund to back and consolidate global premium sports assets. The two VC firms said today, that the fund has completed its…
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Carlyle to launch new fund backed by IFC, targeting US$1 billion commitment to invest in India and China
The Carlyle Group, a US-based private equity firm is raising US$1 billion under its Asian growth fund to further expand its investment portfolio in China and India. Participating in the growth fund as one of…
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Darma Tech Labs, operator behind Makers Boot Camp accelerator to launch US$17.5 million investment fund with Kyoto Bank
Drama Tech Labs, the operator behind Makers Boot Camp has agreed to establish an investment fund with Kyoto Bank to support IoT startup.
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Baidu said to make US$100 million investment in Chinese electric car startup NextEV
Internet giant Baidu reportedly plans to invest about US$100 million in NextEV, a high-end electric car manufacturer founded in Shanghai in November 2014. The alliance is intended to boost Baidu’s faltering autonomous driving business.
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Malaysian Khazanah Group back SD-WAN startup VeloCloud in US$35 million round led by PE Hermes Growth
Telstra and Cisco are also among the backers in VeloCloud’s $35 million Series D round, which will be used to support larger enterprise and carrier deployments.
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Malaysian Cradle Fund unveils DEQ800 to diversify investment strategy for a maturing startup ecosystem
Malaysian startup fund Cradle announces a new investment product known as Direct Equity 800 (DEQ800) which is prepped for a maturing local startup ecosystem.
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Formation Group raised US$357 million for debut fund to invest in early and growth stage companies
Formation Group has recently raised US$357 million of commitments for its Formation Group Fund 1 which will be investing in a concentrated number of early and growth stage companies.
