In a dynamic ecosystem, balance is required for sustainability and for a virtuous cycle to kick in.
Business Angel Network South-East Asia has entered into a co-investment partnership with Infocomm Investments Pte Ltd, targeting seed-stage startups in Singapore.
Early-stage grant provider Cradle Fund brought on board six more partners for its co-investment initiative, five of them equity crowdfunding operators.
Cradle Fund has signed on six new partners, raising another RM52mil for its co-investment funds, which now total RM159.2mil (US$37.7mil).
Cradle Seed Ventures has announced its investment in Malaysian startup Involve Asia, in a co-investment deal with 500 Startups.
Besides making money, there are other things that define a good deal, according to a group of investors at the recent MBAN Summit.
Cradle Fund has grown its co-investment programme fund size to RM107.2 million (US$25.11 million) after tying up with four additional partners: Senior Marketing System Asia, East Ventures SEA 2, MOC Capital and Qeerad Holdings.
Singapore’s National Research Foundation (NRF) will soon be launching the third instalment of the Early Stage Venture Fund (ESVFIII) to encourage local enterprises to establish their own venture funds.
Education services provider Sync and recruitment portal MauKerja have each raised RM1 million (US$275,000) from Cradle Fund Sdn Bhd and OSK Technology Ventures Sdn Bhd, a wholly-owned unit of OSK Ventures International Bhd (OSKVI).
Cradle Fund Sdn Bhd has signed up another five partners for its Co-Investment Partners programme, doubling the total combined funding under the programme to about RM56.7 million (approximately US$16 million) from RM28 million.