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Insignia Ventures closes second VC fund of $200 million.
It is the largest maiden vehicle by a Southeast Asian venture capital firm.
Vivo launches first 5G phone in Malaysia, aimed at business users.
The 5G spectrum is expected to be introduced in 2020 in Malaysia.
Singapore-based Shopmatic acquires SaaS firm CombineSell
The Singapore’s ecommerce company, Shopmatic sets to streamline its online offering from its CombineSell acquisition.
Indonesian insurtech startup, Fuse, raised $2 million from its series A round
Fuse closed $10 million funding in total through the first 3 quarters of 2019.
Malaysia’s 2020 budget includes boosting 5G ecosystem
Malaysia sets its direction towards digital economy.
India's unicorn, Oyo, reminds us of WeWork’s recent blunder
The high growth, high valuation company is expanding worldwide with big investments.
Thailand will host the first Ganja Festival in the world on January 2020
The festival will promote Thailand as the leading Marijuana strains developer.
BEST Inc. is diving into Vietnam’s market with its express delivery solution
The company is expanding its coverage in South East Asia.
Foodpanda's app ratings have dropped from 4* stars to 1* star due to angry users.
Riders went on strike in the past week due the introduction of a new payment scheme.
FashionValet’s Vivy Yusof and LinkedIn’s Olivier Legrand will speak at MaGIC E-Nation
Over 40 big name speakers will share their entrepreneurial insights at the event.
Meet these 8 next-gen high-net-worth entrepreneurs participating in the Innovatif+ Summit this October.
A phenomenal opportunity for new business deals and investment opportunities.
Malaysian Female CEO sells AlkaLife Group to Conglomerate in Korea.
The 32-year old entrepreneur is one of the youngest women from Malaysia with an acquisition.
Get inspired with the speakers at the Innovatif+ Summit in Penang
World-class speakers sharing innovative solutions and methods.
iCARES raises 6-figure Investment lead by TBV Capital and Angel investors.
The company now serves more than 20 communities in Johor Bahru and expanding to more states across Malaysia and Singapore.
Hmlet to expand its co-living operation in Singapore to Japan
MEC will oversee Hmlet’s properties sourcing in Japan.
99.co acquires iProperty.sg and Rumah123 portals to boost growth in SouthEast Asia
The acquisition will catapult 99.co to its target on market leadership.
HSBC to cut 10,000 jobs — the banking industry is facing deep job cut wave
Global economic turmoil frustrates HSBC and other big banks.
Stripe has launched its service in Malaysia — providing faster online business transactions
Interbank FPX as a payment option are currently being tested as well.
Laos ride-hailing app Loca to be featured at the Mekong Innovation conference in Thailand
LOCA was selected to present its final pitch at Mekong Innovative Startups in Tourism (MIST).
Demands for luxury cars rise in China, despite overall declining car sales
10 premium brands such as Mercedes Benz, Volvo, and BMW see sales spike in China this year.
Meet the investors participating in the Innovatif Plus Summit in Penang
For entrepreneurs who are fundraising to scale.
Syamil Faisal 5 Oct, 2019
When it comes to growing a business in SouthEast Asia, raising sufficient capital goes a very long way.
Aside from capital, having the right partners and investors is crucial when it comes to expanding effectively into new markets.
Below are some of the investors who will be participating in the Innovatif+ Summit taking place in Penang this 26th and 27th October this year.
Founded in 2016 in Hong Kong. It is a well- known B2B technology accelerator.
Cocoon Ignite Ventures aims to replace labor-intensive processes for an exponential scaling of services.
Its investment portfolio consists of Cafex, Shopline, Workpop, and 11 other companies.
Preferred investment size: $25,000 - $500, 000
They focused on investment in these verticals:
Established in 2003 by Eric Wong, TCG Capital is focusing on asset management and financial advisory.
It has 2 main divisions:
The firm's Celera division was formed in 2012 to consolidate the financial and technology sector businesses of TCG.
Its Vauban division has been engaged in real asset financing since 2011.
Headquartered in Kuala Lumpur and Shanghai, Gobi Partners are seeking early growth ventures.
It has 1.1 billion assets under management with 250 startups under its belt. Some ASEAN companies it’s funding are Aptoide, iPrice, Gowork, and Zoom.
Gobi Partners focuses on emerging and underserved markets.
The sectors they want to champion in are:
Its top funding stages:
Seed, Series A, Series B, Series C
Vertex Ventures Southeast Asia and India are part of the global Vertex Ventures network of funds.
Vertex oversees $700 million assets under management.
Its portfolio makes up over 40 companies which includes Grab, the highest growing car-hailing online company in SEA.
Investment preference: $10 million -$15 million for third and fourth funding round companies
Verticals preference: Consumer, enterprise, fin-tech.
Headquartered in Singapore, Hatcher+ was founded in 2013.
Hatcher+ is a data-driven venture capital firm that uses AI and machine learning-based technologies to identify early-stage opportunities.
It has partnerships with leading accelerators and investors, worldwide.
Its portfolio of 98 companies have seen $125 million in funding.
Specialties: Finance, startups, venture capital, accelerators, fund management, machine learning, big data, and artificial intelligence.
Based in Kuala Lumpur, RHL was founded in 2015.
Its portfolio of 12 companies, had seen 1 company exited and 1 company acquired.
RHL raised a $ 24 million fund on 17 April.
It focuses on startups and early-stage SMEs in any sector.
Investment preference: 10-30% equity preference, keep existing management.
Based in Singapore, Insignia was founded in 2017.
It focuses on investment in early-stage venture and seed in SEA.
Insignia invested in over 15 companies such as Carro, Payfazz, and Janio.
Preferred investment size based on its average investment: $1 - 50 million
Verticals preference: B2B, fin-tech, e-commerce, tech.
Get your passes
To find out more and get your passes for the Innovatif+ Summit, visit the official website here.