Naluri raises US$258k seed round from BioMark, 500 Startups

29/1/2018 – Digital health startup Naluri today announced that it has raised about MYR1 million (about US$258k) in its seed financing round from Singapore’s healthcare analytics firm BioMark and 500 Startups through its Southeast Asia-focused fund 500 Durians. Commenting on the investment, co-founder of BioMark Dr Christopher Ting said, “Our …

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PetroVietnam to divest 30% from energy subsidiary PV Gas

29/1/2018 – PetroVietnam Gas (PV Gas). a state-owned Vietnamese energy firm is seeking government approval for a divestment plan to sell 30 percent of its stock to a strategic partner by 2020. According to Le Nhu Linh, the Chairman of PV Gas, the approved strategic partner is expected to be …

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Vietnamese PE Mekong Capital completes exit from MobileWorld

30/1/2018 – Mekong Capital, a private equity firm which focuses on Vietnam has announced that its Mekong Enterprise Fund II (MEF II) has made a full exit from its investment in MobileWorld Investment Joint Stock Company (MWG). On 29th January, the firm sold its final block of 5 million shares …

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Lotte Accelerator to invest in more Vietnamese startups in 2018

5/2/2018 – Lotte Accelerator, a startup booster from South Korea is looking to expand and diversify its investment capital in the Vietnam ecosystem this year. Jin Sung Rhee, the CEO of Lotte Accelerator said, “We have completed our commitment to invest US$1 million in Vietnam’s startup ecosystem through a partnership …

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Creador-backed RedCap Pharmacy forms merger with BIG Pharmacy

8/2/2018 – Creador-owned Malaysian retail pharmacy chain RedCap Pharmacy has on Tuesday announced that it is merging with local pharma retailer BIG Pharmacy. Creador’s founder and chief executive Brahmal Vasudevan confirmed the deal and noted that the PE firm has a significant minority position in the combined entity. He, however, …

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Thai financial startup Masii raises US$2.43 million series A round

12/2/2018 – Masii, a dot-com startup that provides an online comparison platform for financial products has today completed its series A round raising 77 million baht, that translates to about US$2.43 million. According to Masii’s co-founder and CEO Max Meyer, this funding round is led by Thai conglomerate B. Grimm, …

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SGX-listed recruitment platform makes first startup investment in Glints

13/2/12018 – HRnetGroup Limited, a publicly-listed traditional recruitment company based in Singapore has made its first investment in a technology startup Glints, a job platform that is focused on young professionals and graduates. The investment is worth S$500 000, in which Glints will use to grow its networks of professionals …

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NRF, Temasek to commit US$76 million for IP commercialization

21/2/18 – Singapore’s state investor Temasek Holdings and National Research Foundation (NRF) have committed S$100 million (about US$ 75.9 million) in an effort to support the commercialization of intellectual property (IP) from publicly-funded research. The announcement was made during the Singapore Budget 2018, and sees the S$100 million venture co-funded …

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An Phat Holdings receives US$15.6 million investment from Valuesystem

22/2/2018 – An Phat Holdings, a plastic and packaging producer in Vietnam announced yesterday that it has secured an investment of VND 353 billion (about US$15.6 million) from Korea’s asset management company Valuesystem. The funding is part of the company’s plans to raise US$200 million to support its growth over …

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Malaysia’s Cloudaron to acquire realtors8 for US$3.2 million

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 …

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Anthem Asia raises US$40 to US$50 million for Myanmar SME Venture Fund

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 …

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Dymon Asia PE to close second SE Asia fund at US$420 million

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 …

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