Analysis
The investment adds to the S$11.5b the company has already invested in APAC till 2023.
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Deals
The Radical Fund will source technology-enabled ventures aligned with Keppel’s strategic priorities.
The parent company of wealthtech app Hugosave has issued new shares to co-founder Ben Davies, Getz Group and others.
Private Equity
PE firm Celadon Partners and ClavystBio, a life sciences investor set up by Temasek, invested.
Founder and CEO Marcus Lim said the company “cannot by reason of its liabilities continue its business”.
The LP View
Staff at fund management firms undergoing group transformation are often provided with retention incentives.
Another investor from Singapore is also in the fray to back the startup’s over $60m round.
Singapore fintech startups accounted for more than half of the funds raised in the first quarter.
This edition features quarterly earnings of Indonesia’s listed tech startups GoTo Group, Bukalapak and Blibli.
CEO Chesky says the region has the greatest growth potential.