GPCA markets are searching for a new normal. After an unprecedented wave of activity during COVID-19, venture capital (VC) deal value and count fell for the second straight year in 2023. As startup valuations and deal activity stabilize, experienced fund managers across global markets remain well capitalized and positioned to… Read More
KKR agreed to invest USD400m in Pinnacle Towers, a Philippines-based independent telecom tower operator. KKR first invested in the company in 2020. Read More
MPower Partners led a USD10.2m Series B1 for Rukita, an Indonesia-based move-in-ready apartment rental platform, with participation from Openspace Ventures, Golden Gate Ventures, BNI Ventures, Jeremy Lin and others. Read More
Triple P Capital agreed to raise USD200m for its second fund focusing on the climate sector, specifically climate adaptation and resilience in Southeast Asia. … Read More
Actis exited its 75% stake in SIS Group, an Indonesia-based private school chain operating in Indonesia, India, South Korea and Myanmar, via a sale to Adivira Capital. Read More
ADB Ventures agreed to raise USD200m for its climate fund, focusing on Series A and pre-Series A startups in Asia. Read More
China-based electric vehicle manufacturer Lotus Technology listed on the Nasdaq through a merger with L Catterton’s SPAC, raising ~USD880m at a reported valuation of USD7b. Read More
Lakeshore Capital fully exited NDB Healthcare, a Thailand-based health products manufacturer, via a sale to Suntory Wellness. Read More
Monk’s Hill Ventures, 500 Southeast Asia, Hustle Fund and Teja Ventures exited Doyobi, a Singapore-based education platform for kids 8-12, through a strategic sale to ErudiFi. The sellers will swap their shares for a stake in ErudiFi. Read More
Transparently.AI, a Singapore-based fraud detection platform, raised a USD3m pre-Series A from Franklin Templeton, valuing the company at USD20m. Read More
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