Cloudaron Group, a cloud service company based in Kuala Lumpur has entered into an agreement with ASX-listed 8common Limited for the acquisition of its subsidiary firm realtors8, for SGD4.23 million (about US$3.2 million) The transaction is expected to be completed by the second quarter of 2018 where realtors8 will become a wholly-owned subsidiary of Cloudaron. … Read more
Cerebro Labs, a tech business incubator and accelerator in Makati, Philippines has opened a startup challenge for pre-seed and early-stage startups, in an effort to discover promising enterprises with innovative ideas. The contest is open to early-stage startups that have not received any seed funding previously, with a focus on technology-driven startups with creative ideas … Read more
26/2/2018 – Private equity firm Anthem Asia announced recently that it is raising US$40 to US$50 million for its Myanmar SME Venture Fund to support the national and regional expansion of local businesses. Their investment will focus on small and medium enterprises, agribusiness, affordable housing, health, education, as well as climate change mitigation and adaptation. … Read more
27/2/2018 – Dymon Asia PE, the investment arm of Dymon Asia Capital (Singapore) is likely to close its second PE fund at between US$420 to US$430 million. This follows the first close of its second vehicle – Dymon Asia Private Equity (SE Asia) Fund II – at US$325 million in December 2017. The PE firm’s … Read more
28/2/2018 – Indonesian peer-to-peer lending platform UangTeman announced today that it is set to raise a Series B financing round by mid-2018, claiming that it would be one of the largest rounds for a fintech firm in Southeast Asia. According to UangTeman Founder and CEO Aidil Zulkifli, the financing round is expected to be tens … Read more
28/2/2018 – After a failed reverse takeover (RTO) involving Starland Holdings last year, European social-trading broker Ayondo Ltd has changed its course to become the first financial technology (fintech) enterprise to list on the Catalist growth board of the Singapore Exchange (SGX). Ayondo’s Chief Executive Robert Lempka said in an official statement, “The end of … Read more
3/1/2018 – mu Space Corp, Thailand’s first space technology startup to acquire a satellite license is set to raise over 300 million baht (about US$9.2 million) this year in an effort to fund its business development and expansion. The fundraising round is planned after the startup has received a license from the National Broadcasting and … Read more
