Money

US Big Tech builds appetite for startup pie in South-east Asia

US tech giants have made some recent high-profile investments into South-east Asian startups, the latest being Google's plans to join Indonesian e-commerce player Tokopedia's funding round, which...

Wireless laser communications startup Transcelestial snags US$9.6m from EDBI, Wavemaker

SINGAPORE-BASED deep tech startup Transcelestial has raised US$9.6 million in a Series A funding round co-led by EDBI, a Singapore government investment firm better known for later-stage...

PE and VC fund-raising hit a snag in Q1: Preqin

THE private equity (PE) and venture capital (VC) industries faced headwinds in fund-raising during the first quarter of 2020, but the outlook for the medium to long term is positive, says a report by...

Life science investor Novo Holdings to open Asia office in Singapore

LIFE science investor Novo Holdings on Thursday said it is set to open a Singapore office in August this year, and has appointed Amit Kakar as its head of Asia.

HR tech startup Qualee raises US$1m in seed funding

QUALEE Technology, a HR tech provider based in Singapore, has raised US$1 million in seed funding from Tandem Technology Partners, a Las Vegas-based investment firm that invests in technology...

Singapore business loans fall further in May amid downturn

BUSINESS loans in Singapore extended its slide in May, mainly dragged down by weaker loans to financial institutions and general commerce, fresh data from the Monetary Authority of Singapore...

Facebook co-founder's B Capital closes second fund at US$820m

B CAPITAL Group has closed its US$820 million second fund to invest in growth-stage startups, bringing the firm's total assets under management to US$1.44 billion.

Singapore bank lending falls for third straight month in May: MAS data

BANK lending in Singapore fell 0.6 per cent in May from a month ago on the back of broad weakness across all segments, preliminary data from the Monetary Authority of Singapore showed on Tuesday.

Vanda Global, Marsh Singapore partner up to help firms access risk and insurance services

CLIENTS of venture capital fund manager Vanda Global Capital will now be able to tap services from insurance broker and risk adviser Marsh Singapore, following a new agreement inked between the two...

Over S$100m in extra funding for agriculture, maritime startups

STARTUPS in agriculture and maritime industries now have more than S$100 million in additional funding to tap on, with Enterprise Singapore (ESG) announcing new allocation to both sectors on...