Ford Vietnam Announces $82 Million Investment in Switch From Motorbikes to Cars

Ford Vietnam has announced it is investing $82 million to increase production, which will speed up the transition to cars in a communist nation known more for the iconic motorbike. The automaker will use the money to buy machines like internet-connected robots, add a body-and-paint shop to its factory outside Hanoi, and nearly double its workforce to approximately 1,000 people,…

e-scooter firm Neuron Mobility bags $25m in funding round

It will be partly used to foray into other Asia Pacific markets. Shared e-scooter operator Neuron Mobility has raised $25.14m (US$18.5m) in a funding round, according to a press release. The funding was led by US-based GSR Ventures and Australian venture capital firm Square Peg. The capital is intended to be used to accelerate its Australian and New Zealand roadmap,…

Food & AgTech Investors Are Most Excited About The Future In Asia

Food & AgTech investors are most excited about the potential for Asia’s agri-foodtech startup scene, according to a new report AgFunder just released with Idea2Scale. We conducted a survey of 50 global venture capital firms that invest in foodtech and agtech and asked them about the categories and geographies they were most excited about as well as the key challenges…

Singapore analytics startup Milieu Insight banks $2.4m for Southeast Asian expansion

Singapore-based consumer data and analytics firm Milieu Insight has raised US$2.4 million in a pre-series A round led by MassMutual Ventures Southeast Asia. Established in 2016, Milieu offers businesses a wide range of tools for accessing and analyzing high-value consumer opinion data through its platform. Its product portfolio includes two key offerings that both launched earlier this year: dynamic consumer…

Venture capital funds to pull the brakes

Venture capital investment in India in the next two quarters is unlikely to be as robust as the third quarter of calendar year 2019, according to research from KPMG. The total venture capital investment in the country during the July-September quarter was $3.5 billion, higher than the second-quarter amount of around $2 billion. These include large deals such as $490…

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…

Opinion | Too much capital brings with itself too much distraction

In his book The Hard thing About Hard Things, Ben Horowitz, co-founder of venture capital (VC ) firm Andreessen-Horowitz, writes about his experience of raising $20 million venture capital for his two-month-old startup, LoudCloud, along with Marc Andreessen of Netscape fame. Though it was the summer of 1999, just at the precipice of the dot-com bust, the clouds of an…

WI Startup Funding Hit Record in 2018 as VCs Cut Bigger Checks

A record $300 million was invested in Wisconsin ventures last year, as maturing businesses pulled in larger funding rounds. But a continued decrease in the number of firms raising their first outside capital could signal trouble for the state’s pipeline of budding startups. Those are some of the key takeaways from the latest Wisconsin Portfolio, an annual report produced by…

TDK launches $50 million corporate venture fund for material science technologies

TDK announced that it has established TDK Ventures as a $50 million corporate venture capital fund to invest in early-stage startups in material science, energy and power, and related areas, such as semiconductors. These kinds of hardware companies are typically underrepresented in venture capital investments, which is why the company is seeking to bolster the field by applying its 85…