Temasek’s Vertex adds new US$290m fund to back growth-stage tech firms

VERTEX Growth Fund, the sixth and newest member of Vertex Venture Holdings’ global network of venture capital (VC) funds, has raised US$290 million for its inaugural fund. Demand for the growth-stage technology fund had surpassed the initial target of US$250 million, Vertex Growth said on Friday. The new fund is anchored by Vertex Venture, the Singapore-based VC arm of investment…

Work Life Ventures raises $5M for debut enterprise SaaS seed fund

Brianne Kimmel had no trouble transitioning from angel investor to general partner. Initially setting out to garner $3 million in capital commitments, Kimmel, in just two weeks’ time, closed on $5 million for her debut venture capital fund Work Life Ventures. The enterprise SaaS-focused vehicle boasts an impressive roster of limited partners, too, including the likes of Zoom chief executive…

Consumer-tech startup Atomberg raises Series A funding from A91 Partners

Atomberg Technology Pvt. Ltd, a consumer-technology company, has raised $10 million (approximately Rs 71.96 crore at current exchange rates) in its Series A funding round led by venture capital firm A91 Partners. The company will use the funds for enhancing its distribution networks across all metro and non-metro cities apart from increasing the size of its research and development team,…

S’pore Foodtech Firm Raises S$1.7M In Seed Funding Round Led By Killiney Group

Singapore foodtech startup and parent company to low-calorie ice cream Callery’s, announced today (9 September) that it has secured a S$1.7 million seed funding. The funding round is led by local food and beverage heritage brand Killiney Group, followed by Singapore’s first government-backed food incubator Innovate360, TRIVE Ventures, and other angel investors. The funds will be used to accelerate Hoow…

Vietnam startups gain on Indonesia and Singapore with new funding

Vietnam's startup sector is growing at a rapid clip despite the global economic slump, as it closes the gap with regional leaders Indonesia and Singapore. According to joint research by Ho Chi Minh City-based venture capital ESP Capital and Singapore's Cento Ventures, startup investment in Vietnam hit $246 million this year through June on 56 deals. Investment is expected to…

EdTech startups to pitch live and attract 50+ funding sharks at the live Edupreneur Village Challenge: The Final Battle

Getting an investor to back a venture is among the foremost issues faced by most startups in India. To make the journey easier for EdTech startups seeking equity funding and support, Delhi-based Edupreneur Village (EV), early stage Venture Capital fund, backed by Sri Aurobindo Society (SAS), launched Edupreneur Village Challenge in 2018. Now, crores of VC funding await to transform…

9 Singapore companies make it to Forbes Asia’s Best Over A Billion list

Nine companies from Singapore have made it to Forbes Asia's inaugural Best Over A Billion list, which spotlights 200 top-performing listed companies across Asia-Pacific with revenues of US$1 billion (S$1.39 billion) or more. They are the Republic's Big Three banks - DBS Bank, OCBC Bank and United Overseas Bank - Wilmar International, CapitaLand, City Developments, Olam International, ASM Pacific Technology…

Singapore healthtech startups attract US$105m in 2018

HEALTHTECH startups in Singapore attracted US$105 million across 21 deals in 2018, according to a report published by healthtech researcher Galen Growth Asia in collaboration with Singapore's Economic Development Board. Singapore's deal value made up 24 per cent of total deal value in Asia excluding China and India. China took home the crown for having attracted the most funding, amounting…

How one Singaporean entrepreneur is impacting the global craft spirits market

F&B veteran Michel Lu turns his hand to distilling boutique Asian flavours under The Orientalist Spirits brand, and also aims to champion other independent distilleries in the region. Turning 50 this year has offered veteran F&B entrepreneur Michel Lu time for introspection. “A brand done properly can last a lifetime, and even outlive you,” he muses, as he shares his…