Rest of Asia
SMBC Asia Rising Fund will manage $200m, most of which comes from the Japanese megabank.
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
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
The company abandoned its planned IPO in January due to harsh market conditions.
HK-based Strategic Year Holdings also invested in the $5m round.
The Japan fund will have a maximum size of $148m and Europe fund $250m.
The firm raised $120 million in its Series A round in February 2019 led by Tencent.
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 fund plans to make a total of 5-6 investments in 2023.
Semi-Tech has launched a $144.7m fund to invest in smart manufacturing software and compatible hardware.
National Holding’s stake in ADIB has risen to 47% following the deal.