Funding
Airwallex Launches US$200 Million VC Fund to Back Startups in Its Network
Airwallex, a cross border payment company, announced plans to establish a new venture capital fund set up by its founders named Capital 49 that will invest into early stage, high-growth technology-enabled companies powered by its infrastructure. The new fund aims
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Cyberport’s Fund Invested a Total of HK$14.87 Million Into Four of Its Startups
Hong Kong digital tech park Cyberport has invested a total of HK$14.87 million (US$1.92 million) in four of the startups in its network including Lynk, Rice Robotics, Dash Living and Hex Trust over the past six months through its Cyberport
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Digital Asset Custodian Hex Trust Raises Undisclosed Sum From Cyberport
Hong Kong-based digital asset custody service provider Hex Trust announced it has successfully secured investment from Cyberport, a local fintech hub and digital community. The sum was not disclosed. The investment enables Hex Trust to scale operations, hire key talents
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Singapore’s GIC Invests US$ 70 Million in Digital Asset Firm BC Group
BC Technology Group, a digital asset and fintech company as well as the parent company of OSL, secured an investment of US$ 70 million (HKD 543.19 million) from GIC, a Singaporean sovereign wealth fund. The company intends to develop and enhance
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Ping An Completes Initial Close of US$200 Million Fintech & Healthtech Venture Fund
Ping An Insurance announced the initial close of Ping An Voyager Partners, LP, a growth stage venture fund, having secured approximately US$200 million in commitments toward its planned US$475 million offering. Targeted at institutional investors, Voyager Partners will make investments
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Insurtech Ignatica Closes $7 Million Pre-Series A Round
Ignatica, an insurance policy administration platform that offers digital self-service and intelligent automation solutions for insurers, announced that it has closed US$ 7 million in pre-series A funding round. The fund raise was led by Lingfeng Capital, with participation from the
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ConsenSys Raises US$ 65 Million from JP Morgan, Mastercard, and UBS
Global blockchain software company ConsenSys announced the final close of its US$65 million funding round from the likes of J.P. Morgan, Mastercard, and UBS. Other investors include Protocol Labs, the Maker Foundation, Fenbushi, The LAO, Alameda Research, CMT Digital, Greater
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HK Based Digital Asset Custodian Hex Trust Snags US$6 Million in Funding
Hong Kong-based digital asset custody service provider Hex Trust announced that it has closed its Series A funding round with US$6 million led by QBN Capital. Investors also joining the round include Cell Rising, Radiant Tech Ventures, Kenetic Capital, HashKey,
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Airwallex Now Valued at Over US$2 Billion with Latest US$ 100 Million Funding Round
Continuing the momentum of its hypergrowth in 2020, Airwallex today announced that the company’s valuation has increased to US$2.6 billion with a capital raising of US$100 million in a further Series D extension. Lifting Airwallex’s Series D funding to US$300
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WeLab Raises US$75 Million in Funding Round Led by Allianz
Hong Kong-based virtual bank WeLab announced that it has completed the initial close of Series C-1 funding led by Allianz X for US$ 75 million. Allianz X is the digital investment unit of the Germany-based Allianz Group, one of the
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