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EDPR has acquired Sunseap for APAC expansion (Image Credit: Sunseap)
EDP Renewables acquires Sunseap for US$815M, to set up clean energy hub in Singapore
The deal will enable the Madrid-based EDP to have a wider global reach and diversify its growth sources; Sunseap had raised US$4.8M in Series C led by ISOTeam in 2017.
Princeton Digital Group (PDG) raises over US$500M funding led by Abu Dhabi’s Mubadala
The funds will enable PDG to deepen its presence in Japan, India, Singapore, China, and Indonesia; PDG operates a portfolio of 20 data centres with over 600MW of secured capacity and spanning five countries.
Beam secures US$93M in Series B round to introduce 5th generation e-scooter, expand in Asia
Investors include Affirma Capital, Sequoia India, Hana Ventures, ICT Capital, EDBI, and AC Ventures; Beam is expanding into Japan, Indonesia, the Philippines, Vietnam and Turkey and introducing cutting-edge safety innovations to protect pedestrians.
The inside story: How ThinkZone Ventures created a ‘pureblood’ US$60M Fund II by tapping into local resources
The unfavourable prospects due to the COVID-19 crisis forced ThinkZone to tweak its strategy and tap into local conglomerates’ funding sources.
Shiok Meats backer Aera VC hits US$30M first close for climate-tech investments
It has also launched an investment DAO, with 2000 ETH earmarked for pre-seed projects using blockchain to address climate and carbon-related challenges; Aera expects to make up to 30 seed investments over the next two years.
SG blockchain firm TenX’s CEO allegedly behind US$70M The DAO hack
Toby Hoenisch could be behind the infamous hack of the decentralised VC fund on the Etherium blockchain in 2016, claimed crypto-journalist Laura Shin in her new book; The hack resulted in the theft of 3.6M ETH, which was worth US$70M at the time.
Vietnam VC firm Thinkzone Ventures launches US$60M fund
Backers are IPA Investments Corporation, Phu Thai Holdings, and Stavian Group; Fund II will invest in pre-seed to Series A rounds of startups across various verticals; It will look to invest up to US$3M per startup.
YGG’s Axie Infinity assets grew to US$25.5M in Q4 2021
These gaming assets cost nearly US$1.7 million, which marks a 15x growth in value for the decentralised gaming company; Developed by Vietnam-based Sky Mavis, Axie Infinity continued to be the top game for YGG in 2021.
Better Bite Ventures launches US$15M fund for early-stage alt-protein startups in Asia
Better Bite Ventures has already backed ten companies in Asia and plans to back a total of 20-30 ventures; In SEA, it has backed four startups – Meatiply, Next Gen Foods, and Umami Meats (all Singapore), and Green Rebel Foods (Indonesia).
Animoca leads NFT platform Ucollex’s US$10M Series A round
Ucollex is a trading platform for digital collectible toys; Its latest raise will fund its blockchain tech and metaverse capabilities as it looks to tap into the anime and manga communities as well.
OpenCommerce bags US$7M Series A to allow Vietnam’s SMEs to bring products to global consumers
Key investors are VNG Corporation and Do Ventures; The cross-border e-commerce startup claims it has helped more than 86,700 sellers from 195 countries establish their e-commerce stores internationally.
Edutech startup Zenius acquires Indonesian cram school giant Primagama
This acquisition by Zenius potentially lead to the development of a blended learning platform that merges online, offline education infrastructure; Zenius is backed by Alpha JWC Ventures, Openspace Ventures, Northstar, Kinesys, and BeeNext.
Potato Play rakes in US$5M to scale casual puzzle games globally
Investors include Everblue Management, Play Ventures, Atlas Ventures, and Beenext; Potato Play uses data-informed rapid-iteration to create and publish casual games; The startup claims its games clocked 18.2M downloads so far.
Singapore startup MiyaHealth nets US$4.8M to take its products to Indonesia, Europe
Investors include ST Engineering Ventures, Elev8, and angels; MiyaHealth leverages AI and predictive analysis tools to help patients choose affordable healthcare, manage their chronic illnesses, and improve the experience.
Auto-financing startup Broom raises US$3M pre-seed funding
Investors are AC Ventures, Quona Capital, and co-founders of Kopi Kenangan and Lummo; Broom provides a single platform for autos-SME to digitise their business processes, such as managing their inventories, getting access to financing, and managing their sell-side tools.
Property data startup Urbanmetry scores US$2M pre-Series A led by Monk’s Hill
Urbanmetry harvests, cleans, and analyses large amounts of city data through AI and proprietary algorithms to extract trends and patterns in the built environment; Urbanmetry boasts over 150 corporate clients in the region.
Uzbek fintech startup Iman nets US$1M in seed funding
Investors include Battery Road Digital Holdings, Tesla Capital, and Uzcard Ventures; Iman is a halal fintech startup that offers investment, P2P lending, as well as buy now, pay later products, all of which follows the murabaha structure.
Singapore fintech firm M-Daq to buy cross-border payments startup Wallex
Wallex Technologies helps businesses in Indonesia, Singapore, China, Hong Kong, Taiwan, and Macau to make cross-border payments into more than 180 countries; Wallex says it currently supports almost 2K banking and tech clients.
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The post Ecosystem Roundup: EDPR snaps up Sunseap in a US$815M deal, Is TenX CEO behind US$70M The DAO hack? appeared first on e27.