Investment
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JG Summit sets up US$50 million JG DEV fund to invest in Southeast Asia startups
JG Summit Holdings is diving further into the digital space, pouring US$50 million into a unit that will invest in digital ventures and emerging technologies in Southeast Asia.
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Kejora, Intervest closes Southeast Asia fund at over US$100 million
Indonesia-based Kejora Ventures has reportedly raised over US$100 million for the final close of its Southeast Asia-focused venture fund raised in partnership with South Korean VC Intervest.
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East Ventures Funds Indonesian Robo Trading Platform Lubna
Funded by East Ventures, Lubna.io is an online finance advisory platform for both cryptocurrencies and stocks.
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Kawasaki ups stake in Modenas to 30 percent for US$9.7 million
DRB-Hicom group managing director Syed Faisal Albar believes that the new equity structure will benefit Modenas and its customers.
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RHL Ventures set ups US$24 million fund for Malaysian startups, SMEs
This fund represents one of the first public and private collaborations between RHL Ventures and SME Corp Malaysia.
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SBIF, COPE Private Equity invest US$14.25 million in Malaysia’s MDT Innovations
The funding capital will be used to support the startup’s research and development and enhance its product quality.
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Indonesian Recruitment Platform Ekrut Closes Pre-Series A Fund
The pre-series A funding round was led by Venturra Discovery, the seed investment arm of Venturra Capital.
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MyEG Capital makes US$1.5 million investment in Chinese edtech startup Jingle Magic
5/4/2019 – My E.G. Services Bhd, otherwise known as MyEG, through its wholly-owned unit MyEG Capital Sdn Bhd is investing 10 million yuan investment (about US$1.5 million) in Chinese education technology group Jingle Magic (Beijing)…
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Malaysian Based Startup TheLorry Successfully Raises Series B Fund
The funding would be used to support TheLorry’s regional expansion in its home country Malaysia and neighbouring countries Thailand, Singapore and Indonesia.
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Indoneisan Unicorn Go-Jek to seal investment deals in Rebel Foods, MPL
The move is aimed at improving Go-Jek’s food delivery business, GoFood to go up against competitor GrabFood.
