Deals
CEO Forrest Li announced a 5% pay increase for Sea’s staff.
Berkshire Hathaway sells $59m worth of shares in Chinese EV maker BYD
Japan's SMBC, Incubate Fund launch new vehicle in SG for fintech investments
S Korean e-grocery platform Kurly raises $91m from existing investors Aspex, Anchor
Chinese automaker BYD to manufacture EVs in Vietnam
Sequoia-backed Indian edtech firm Cuemath lays off 100 employees
More Stories
Indonesian coffee chain Kopi Kenangan brews ambitious global expansion plans
Vietnam’s Sapo Technology in talks to raise $20m in new funding round
Taylor’s Education Group owners mull sale of Malaysia, Vietnam universities: Report
SEA Digest: CAV closes first fund, MoneyLion exits digital Islamic bank consortium; Salim Group backs Mimin
Climate investor TRIREC to raise $100m third fund, to close predecessor at $80m
Venture Capital
The Japan fund will have a maximum size of $148m and Europe fund $250m.
Analysis
This edition also features Indonesia’s healthcare and digital banking sectors.
TRIREC has already deployed 70% of the capital from TV1, said founder & managing partner Melvyn Yeo.
The firm raised $50 million for its debut alt protein fund in 2021.
The investment would value the Accel-backed firm at close to $500 million.
Opinion
This edition features fundraising milestones by investors, deal scoops, and data-led stories.
The fund plans to make a total of 5-6 investments in 2023.
Quest Ventures anchored the pre-Series A funding round.
The startup was founded by renowned security researcher and trainer Vivek Ramachandran.
