Money

Singapore bank lending extends fall in June for fourth consecutive month

BANK lending in Singapore continued its slide for the fourth consecutive month in June, dipping 0.7 per cent from the previous month to come in at S$680.36 billion, preliminary data from the...

StashAway raises US$16m in Series C round led by Square Peg

ROBO-ADVISER StashAway has raised US$16 million in its Series C funding round led by Square Peg Capital, a venture capital firm based in Australia.

Talent investor Entrepreneur First builds nine startups in seventh Singapore cohort

DEEP-TECH talent investor Entrepreneur First (EF) has produced its seventh cohort of nine companies from Singapore amid the pivot to virtual interactions as a result of the pandemic.

Singapore plant-based meat startup Karana closes US$1.7m seed funding

KARANA, which is set to launch "pork" made from organic jackfruit this year, has closed its seed funding round with US$1.7 million, the Singapore-based startup announced on Thursday.

Cybersecurity startup Aiculus raises US$670,000 led by Cocoon Capital, angel investor

AICULUS, a Singapore-based software security provider, has raised US$670,000 in a seed funding round led by early-stage venture capital firm Cocoon Capital and an angel investor.

Total disclosed PE and VC deal value down 65% in Q1: EY

PRIVATE equity (PE) and venture capital (VC) activity in South-east Asia was sluggish in the first quarter of 2020 amid the Covid-19 pandemic, though investments in some segments are expected to...

Total disclosed PE and VC deal value down 65% in Q1: EY

PRIVATE equity (PE) and venture capital (VC) activity in South-east Asia was sluggish in the first quarter of 2020 amid the Covid-19 pandemic, though investments in some segments are expected to pick...

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...