Venture Capital

Singapore’s Docquity raises $3m in second tranche of Series C1 funding

Several shareholders have booked partial exits as part of the fundraise.

The HK state investment firm has deployed less than a fifth of its initial capital of $8b.

The firm said most of the LPs in Nexus VIII are returning investors from its earlier funds.

The round’s backers also included Plio Limited, existing shareholder Altara Capital, and Tonik’s management.

The round was led by state-owned energy group Beijing Energy Holding.

Iterative also co-anchored the funding round.

ADIA, Investment Corporation of Dubai and Fidelity, among others, backed the fund.

Partners prepare first Japanese fund with tokens to link individuals, startups.

“Climate tech as a sector has much potential,” says Leung Puiyan, partner, Investments.

Fund 1 was set up in 2015 to invest in Malaysian early-stage startups.