Category

Daily Briefs

Mar 03
0

Daily Brief China: Yankuang Energy Group, MediConCen and more

By | China, Daily Briefs

In today’s briefing:

  • Index Rebalance & ETF Flow Recap: STAR50/100, FXI, NIFTY/NEXT50, S&P500, KOSPI, Goodman, Ecopro BM
  • MediConCen bags US$6.85M to take its AI, blockchain-powered insurtech platform to SEA | e27

Index Rebalance & ETF Flow Recap: STAR50/100, FXI, NIFTY/NEXT50, S&P500, KOSPI, Goodman, Ecopro BM

By Brian Freitas

  • The last week was a very busy one. The coming week has some announcements and implementations but is a relatively quieter one.
  • The SSE STAR50 (STAR50 INDEX) and STAR100 Index changes for March will be implemented at the close on Friday, the 8th.
  • Another week of inflows for the iShares Emerging Markets ex-China (EMXC US) ETF as creations cross US$2bn for 2024. ETF AUM has gone from US$420m in 2021 to US$11bn now!

MediConCen bags US$6.85M to take its AI, blockchain-powered insurtech platform to SEA | e27

By e27

  • Hong Kong-based MediConCen, a startup automating insurance claims using AI and blockchain, has raised US$6.85 million in its latest Series A round.
  • HSBC Asset Management led this round, with support from existing investors G&M Capital and ParticleX and new investor Wings Capital Ventures.
  • Also Read: Wealthtech, insurtech, SaaS fintech are the new hot verticals in Indonesia: AC Ventures report This brings MediConCen’s total raise to US$12.7 million.

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Mar 03
0

Daily Brief Singapore: Startale Labs , Amperesand , Prefer , UNOAsia and more

By | Daily Briefs, Singapore

In today’s briefing:

  • Singapore-based web3 startup nets $3.5m funding
  • NTU-incubated startup Amperesand charges ahead with funding
  • Prefer scores US$2M funding to take its bean-free coffee brand to Philippines | e27
  • UNOAsia secures US$32.1M to provide digital banking services in Philippines | e27

Singapore-based web3 startup nets $3.5m funding

By Tech in Asia

  • Startale Labs, a Singapore-based Web3 startup, has raised US$3.5 million in a series A follow-up round, according to Alternatives.pe.

  • UVM Signum Blockchain Fund, Sony Network, and Samsung Next Ventures were some of the investors in the round, which was raised at a post-money valuation of US$63.5 million.

  • Founded in January 2023, Startale Labs specializes in Web3 infrastructure development. Helmed by Sota Watanabe, the company creates core infrastructure and applications for Web3 that is integrated onto the Astar Network blockchain.

NTU-incubated startup Amperesand charges ahead with funding

By Tech in Asia

  • Amperesand, a Singapore-based electrical infrastructure company, has raised over US$12.4 million in seed funding.
  • Xora Innovation, Temasek’s deeptech early-stage investment platform, co-led the round with venture capital firm Material Impact.
  • TDK Ventures, the venture arm of Japanese electronics firm TDK, also participated, along with Foothill Ventures.

Prefer scores US$2M funding to take its bean-free coffee brand to Philippines | e27

By e27

  • Prefer, a bean-free coffee startup in Singapore, has raised US$2 million in seed funding led by Forge Ventures.
  • 500 Global, A*ccelerate, Better Bite Ventures, Sopoong Ventures, SEEDS Capital, Entrepreneur First, and Pickup Coffee also participated in the round.
  • The capital allows Prefer to make significant investments in growing the capacity of its production facility, expanding its ground coffee and ready-to-drink bottled beverages across Asia Pacific, starting with Singapore and the Philippines.

UNOAsia secures US$32.1M to provide digital banking services in Philippines | e27

By e27

  • UNOAsia, the company behind UNO Digital Bank in the Philippines, has raised US$32.1 million in a pre-Series B investment round comprising equity and debt.
  • The investors include Gateway Partners, Creador Private Equity, and Nextinfinity Management.
  • This round brings UNOAsia’s total raise to approximately US$75 million.

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Mar 03
0

Daily Brief Japan: Aozora Bank Ltd, Keisei Electric Railway Co, Nippon Express Holdings and more

By | Daily Briefs, Japan

In today’s briefing:

  • Weekly Deals Digest (03 Mar) – Aozora, Outsourcing, Tsuruha, Toei, Samsonite, Adbri, Alumina, APM
  • Last Week in Event SPACE: Keisei Electric, CSR, Rakuten, HK Property, Aeon/TSURUHA/Welcia
  • Nippon Express (9147 JP): A US$260 Million Secondary Offering

Weekly Deals Digest (03 Mar) – Aozora, Outsourcing, Tsuruha, Toei, Samsonite, Adbri, Alumina, APM

By Arun George

Last Week in Event SPACE: Keisei Electric, CSR, Rakuten, HK Property, Aeon/TSURUHA/Welcia

By David Blennerhassett

Nippon Express (9147 JP): A US$260 Million Secondary Offering

By Arun George

  • Nippon Express Holdings (9147 JP) has announced a secondary offering of up to 4.8 million shares (including overallotment). There are seven selling shareholders.
  • The secondary offering comes ahead of the implementation of regulatory restrictions on truck drivers’ overtime in April 2024, which is widely known as the ‘2024 Problem’.
  • Looking at recent large Japanese placements is instructive for understanding the potential offer price. The pricing date will likely fall between 11 and 13 March (likely 11 March).

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Mar 03
0

Top 10 Highlights from the APAC PE, VC and Startup Ecosystem this Week – 03 Mar 2024

By | Private Markets, Smartkarma Newswire

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

  1. Indonesian startup ecosystem faces challenges amid tough business environment and funding crunch.
  2. B2B marketplace GudangAda mulls winding down operations by March.
  3. Agritech startup EdenFarm in talks for acquisition with peer Sayurbox.
  4. Sovereign investor Mubadala focuses on India, China, Japan, and South Korea for portfolio growth.
  5. PE firm Mizuho Asia Partners raises $270 million for third fund.
  6. Continuation funds gain popularity in Southeast Asia for longer asset holding.
  7. Lakeshore Capital aims to raise $250 million for its third fund.
  8. Kedaara Capital set to raise $1.7 billion for India’s largest-ever PE fund.
  9. EQT raises record-breaking 22 billion euros for its EQT X fund.
  10. ProCredit secures $4.1 million in pre-seed funding round for Filipino SME lender.

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