Cradle, a non-profit under Malaysia’s Ministry of Finance, has joined forces with Singapore-based seed fund provider Golden Gate Ventures to co-invest in Malaysian early-stage technology companies.
Frontier Digital Ventures (FDV) has announced that it has taken a 30% stake in Zameen, Pakistan’s No 1 property portal, the first for the newly formed digital investment firm.
Last minute hotel booking app In2nite announced the successful conclusion of a US$2.8 million investment round led by IDG Ventures and a number of other regional strategic corporate parties.
The 2013 Auditor General’s Report highlighted weaknesses in the management of activities at Cradle Fund Sdn Bhd, a funding agency under the Ministry of Finance. Following the findings of the report, the agency is making moves to clean up its internal processes, reports Gabey Goh.
Rocket Internet-backed online car classified startup Carmudi said it has secured about US$10 million in funding from a range of investors including Tengelmann Ventures, the investment arm of retail giant Tengelmann Group.
The Singapore Government has picked Golden Gate Ventures as one of six VC partners to help address the Series A crunch, reports Karamjit Singh.
Digital News Asia (DNA) continues a weekly series that profiles the top 50 influencers, movers and shakers who are helping shape Malaysia’s Digital Economy. These articles are from Digerati50, a special print publication released in January 2014. For information on customised reprints of Digerati50, email [email protected]
Rocket Internet said its real estate startup Lamudi has received almost US$7 million in new funding from a range of investors including Tengelmann Ventures, the investment company of retail giant Tengelmann Group.
Japan-based IT solutions provider, Transcosmos Inc, has agreed to acquire 10% or more of the total outstanding shares in Thailand-based startup, Ookbee Company Limited.
JFDI.Asia said it has secured firm capital commitments totalling S$2.7 million (US$2.1 million) from an international consortium of investors anchored by Singapore’s Infocomm Investments Pte Ltd.