Andreessen Horowitz (a16z) has closed a pair of funds totaling $4.5 billion, the firm confirmed in a blog post this morning. The firm has raised $1.3 billion for an early-stage fund focused on consumer, enterprise, and fintech; and closed a $3.2 billion growth-stage fund for later-stage...
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In an attempt to “amplify” Black voices and perspectives, YouTube is creating a $100 million, multi-year fund dedicated to Black creators, artists and their stories. It’s not clear exactly how that money will be spent, but YouTube plans to...
In response to the murders of Ahmaud Arbery, George Floyd, Tony McDade and Breonna Taylor, as well as the disproportionate toll COVID-19 has had on communities of color, the Criterion Collection announced a few steps it’s taking to fight systemic...
Healthcare and TMT are priority sectors for the fund By Sharon Lewis Chinese venture capital firm Qiming Venture Partners announced the close of the US$1.1 billion Qiming Venture Partners Fund VII late last week in a company statement. The fund is focused […] The post Qiming Venture...
As musicians cancel concerts due to the coronavirus, bands like the Dropkick Murphys are turning to livestreams as a way to connect with fans and potentially recoup some of the money they're losing. Today, the concert-discovery app Bandsintown...
Morning News Roundup: Proptech investments in Southeast Asia grew to US$72.9M in 2019, says study
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Strive’s team members Business Funding for proptech in Southeast Asia holds strong at US$72.9M Southeast Asia poses the second highest number of deals and undisclosed funding across of Asia Pacific in 2019, showing a strong focus in proptech since 2017, reveals a JLL-TechInAsia study. This is...
MassMutual Ventures launches US$100M second fund for Southeast Asia’s early stage startups
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Singapore-based seed-to-growth-stage VC firm MassMutual Ventures (MMV) announced the launch of its new US$100 million fund. Targeting Southeast Asia (SEA), the fund brings the firm’s total capital under management to US$350 million across four funds –two US$100 million funds in the US and...
Acudeen, a fintech firm backed by 500 Startups, announces a partnership with Philippine-listed bank Rizal Commercial Banking Corporation (RCBC) to launch a new US$2 billion fund that targets the country’s micro, small, and medium enterprises (MSMEs) and farmers, DealStreetAsia reported. Gil...
Chua Kee Lock of Vertex Holdings: “Early-stage investing will remain a robust asset class for the foreseeable future”
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After reports of Singapore’s state-owned Temasek’s venture capital arm Vertex Holdings raised US$70 million into its Vertex Master Fund II, it announced last week that the fund is closed at US$730 million. Marubeni is investing US$50 million in the fund, and Sumitomo Mitsui Banking Corp. (SMBC)...
KB Investment, TelkomGroup launch joint investment fund Centauri, to invest in growth-stage startups
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Centauri Fund, a new growth-focussed venture capital fund jointly established by KB Investment, a business unit under Korea’s financial institution KB Financial Group and MDI Ventures, the corporate venture capital initiative under Indonesia’s state-owned telecommunication company TelkomGroup...