TDK Corporation announced a significant boost to its venture capital activities, with subsidiary TDK Ventures Inc. launching its third investment fund, amassing $150 million in new capital. The fund will focus on early-stage investments in energy transition, electrification, and decarbonization within the U.S. and Europe, bringing TDK Ventures’ total assets under management to $350 million. … Read more
PrimeMovers Equity (PME), a Singapore-based private equity firm, and Lingotto Investment Management, a London-based investment management firm, have announced their plans to acquire a majority stake in EngTek Group, a leading Die Casting and Precision Machining Components Manufacturer based in Penang, Malaysia. The transaction values EngTek at approximately SGD 150 million. EngTek, founded in 1974 … Read more
Singapore-based insurtech unicorn bolttech has raised $196 million in a Series B funding round that valued the company at $1.6 billion. Led by Japan’s pioneer insurance firm Tokio Marine, the round also saw contributions from MetLife through its subsidiary MetLife Next Gen Ventures, and Malaysia’s sovereign wealth fund Khazanah Nasional, alongside other shareholders. The fresh … Read more
Digital asset management (DAM) software provider Orange Logic has announced a significant investment from growth-focused private equity firm Bregal Sagemount. This collaboration will help drive the evolution of Orange Logic’s DAM technology, enhancing marketing efficiency and fostering growth opportunities for businesses worldwide, according to the announcement. Orange Logic’s Cortex platform is adopted by numerous global … Read more
Color management solutions provider Datacolor AG has announced its acquisition of matchmycolor LLC, a specialized technology company focused on color formulation and communication software. The consolidation of matchmycolor into Datacolor took effect on January 1, 2023. The costs associated with the acquisition and integration will impact the fiscal years 2022/23 and 2023/24. This strategic move … Read more
Genomic medicines firm Ensoma announced the closure of its Series B financing extension, garnering an additional $50 million. This funding brings the total round to $135 million. New investors Kite (a Gilead Company), Bioluminescence Ventures, and Delos Capital contributed to this extension, alongside existing investor SymBiosis. Ensoma is developing one-time, in vivo treatments that precisely … Read more
Optogenetics pioneer Ray Therapeutics announced a successful $100 million Series A financing round today. Novo Holdings A/S led the oversubscribed round, which saw participation from Deerfield Management, Norwest Venture Partners, Platanus, MRL Ventures Fund, Merck & Co., Inc., and existing investor 4BIO Capital. The funding will allow Ray Therapeutics to progress their pipeline and expand … Read more
Bitcoin technology and financial services startup River has raised $35 million in a Series B funding round. The round was led by Kingsway Capital, with participation from investors including Peter Thiel, Goldcrest, Cygni, M13, Valor Equity Partners, Esas Ventures, and Alarko Ventures. Dedicated to promoting a robust financial system through the use of Bitcoin, River … Read more
Digital payments major Visa announced today that it will partner with seven new startups as part of its Visa Accelerator Program in Asia Pacific. The startups, selected from over 450 applicants, hail from India, Mainland China, Thailand, Singapore, and Germany. They will work on solutions involving Web 3.0, global money movement, embedded finance, merchant and … Read more
TPG Inc. has announced its plan to acquire Angelo Gordon, a $73 billion alternative investment firm specializing in credit and real estate investing, in a cash and equity transaction valued at approximately $2.7 billion. The deal is based on TPG Inc.’s share price as of May 12, 2023, and includes an estimated $970 million in … Read more