Category

Private Markets

May 29
0

Daily Brief Private Markets: Temasek co-leads $14m round of SG agritech firm Rize and more

By | Daily Briefs, Private Markets

In today’s briefing:

  • Temasek co-leads $14m round of SG agritech firm Rize
  • Surge leads self-service customer support platform Brainfish’s US$2.5M seed round | e27

Temasek co-leads $14m round of SG agritech firm Rize

By Tech in Asia

  • Rize, a Singapore-based agritech startup, has secured US$14 million in a series A funding round co-led by Breakthrough Energy Ventures, GenZero, Temasek, and Wavemaker Impact.
  • The company plans to use the funds to boost its presence in other markets like Indonesia and Vietnam.
  • It also aims to increase its team of agronomy experts to over 100. Rize’s platform gathers key agricultural information needed for sustainable farming.

Surge leads self-service customer support platform Brainfish’s US$2.5M seed round | e27

By e27

  • Brainfish, an AI-powered self-service customer support platform for businesses, has raised US$2.5 million in seed funding.
  • The latest round was led by Peak XV’s Surge, with participation from Macdoch Ventures, Black Sheep Capital, existing angel Justus Hammer (CEO MadPaws), and new angels.
  • This brings its total capital to US$3.3 million.

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May 28
0

Daily Brief Private Markets: EBITA-profitable Allies of Skin raises $20m for US expansion and more

By | Daily Briefs, Private Markets

In today’s briefing:

  • EBITA-profitable Allies of Skin raises $20m for US expansion
  • SeaTown leads US$40M funding of asset servicing firm Linnovate Partners | e27
  • Wavemaker leads $4m round of Staple
  • Elevarm Raises US$2.6M to Empower Indonesia’s Small-Holder Farmers | E27
  • Jejakin raises US$2.7M to help organisations achieve net zero targets | e27

EBITA-profitable Allies of Skin raises $20m for US expansion

By Tech in Asia

  • Singapore-based beauty brand Allies of Skin is set to expand into the US after raising a US$20 million funding round from Meaningful Partners.
  • This follows the company hitting positive EBITA in 2023, its founder Nicolas Travis told Tech in Asia.
  • Allies of Skin, founded in 2016, said the round is its first institutional raise, but it has received private investments in the past – including capital from Crazy Rich Asians star Henry Golding.

SeaTown leads US$40M funding of asset servicing firm Linnovate Partners | e27

By e27

  • Singapore-based Linnovate Partners, an asset servicing and fintech company for the alternative investment industry, has received a US$40 million funding commitment led by Temasek-owned SeaTown Private Capital Master Fund.
  • This capital infusion will enable Linnovate to scale operations and drive innovation.
  • Henry Lin, founder and CEO of Linnovate Partners, said: “This investment will be instrumental in accelerating our growth trajectory, providing us with the necessary resources to enhance our service offering, and continue delivering cutting-edge solutions to our clients and the industry itself.”

Wavemaker leads $4m round of Staple

By Tech in Asia

  • Companies handle anywhere from 1,000 to 100,000 documents in various formats on a monthly basis, and they usually rely on manual processes due to the unstructured nature of the data, says Paul Santos, managing partner at Wavemaker Partners.
  • To speed this up, Wavemaker Partners has invested in Staple, a Singapore-based startup that applies AI to provide document processing solutions.
  • The VC firm has led a US$4 million pre-series A funding round in the startup, which can process various document types across over 200 languages.

Elevarm Raises US$2.6M to Empower Indonesia’s Small-Holder Farmers | E27

By e27

  • Indonesia’s integrated farming productivity platform Elevarm has secured US$2.6 million in a seed funding round led by Singapore’s Insignia Ventures Partners.
  • 500 Global and eFishery founder and CEO Gibran Huzaifa also participated.
  • The strategic raise, completed in two phases, will be used to scale Elevarm’s seedlings and organic fertiliser production capacity threefold to meet growing demand.

Jejakin raises US$2.7M to help organisations achieve net zero targets | e27

By e27

  • Jejakin, an Indonesian-based carbon management platform, has secured US$2.7 million in a funding round from Bhinneka Power, Indogen Capital, SMDV, and East Ventures.
  • The capital will be mainly invested in R&D, technological improvement, and market growth.
  • Jejakin was founded in 2018 by Arfan Arlanda, Sudono Salim (CGO), Andreas Djingga (COO), and Haris Iskandar (Chief of Sustainability and Climate Change) with a mission to make a positive impact on the environment.

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May 26
0

Top 10 Highlights from the APAC PE, VC and Startup Ecosystem this Week – 26 May 2024

By | Private Markets, Smartkarma Newswire

Top ten highlights from the APAC PE, VC, and startup ecosystem this week:

  1. International investors are flocking to Japan as rising China-US tensions reshuffle the private equity landscape in Asia.
  2. Monument Group’s Hiroshi Nishimuro notes that some investors are waiving minimum commitment sizes to tap into the emerging opportunities in Japan.
  3. Bain Capital is set to double its investments in Japan over the next five years amid the country’s revitalization as a key destination for global investors.
  4. Carlyle Group raises $2.8 billion for its fifth Japan buyout fund, signaling confidence in Japan’s market potential.
  5. PAG raises $550 million for its renewable energy fund, with a focus on solar power in Japan as a primary target.

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