Greater China
The round has been led by Hong Kong-listed China Life Insurance’s PE arm.
Editor’s take: The week that was — May 29-June 3
Once valued at $220m, NestAway being sold to Aurum PropTech for $11m
India's Tata Group signs $1.6b EV battery plant deal
Money is no object as investors swept by AI frenzy in China
Indonesian movie chain Cinema XXI operator eyes up to $300m in IPO
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Malaysia
The Bayo Pay deal marks VentureTECH SBI’s maiden investment.
In 2022, Fortune Capital made over 70 investments – in 70% of that, it served as the lead investor.
Rest of Asia
The investment is EMIA’s second from its third vehicle, the ASEAN Frontier Markets Fund (AFMF).
Venture deals by value, at $27.2 billion as of May 30, dropped to the lowest since 2020.
Singapore
Global Founders Capital, MS&AD, 468 Capital, and 1982 Ventures invested in the round.
Previously, Lynk raised $50 million in a Series B round led by Lilly Asia Ventures.
MPFunds offers prospective traders up to $400,000 in trading capital.
Indonesia
The company aims to reach mortgage transactions of $200 million within the next six to 12 months.
The VC is raising up to $700m for fourth USD fund, after closing fourth RMB fund at $437m.
