Funding
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$1.92 million) in four of the startups in its network including Lynk, Rice Robotics, Dash Living and Hex Trust over the past six months through its Cyberport
Read MoreDigital Asset Custodian Hex Trust Raises Undisclosed Sum From Cyberport
Hong Kong-based digital asset custody service provider Hex Trust announced it has successfully secured investment from Cyberport, a local fintech hub and digital community. The sum was not disclosed. The investment enables Hex Trust to scale operations, hire key talents
Read MoreSingapore’s GIC Invests US$ 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
Read MorePing 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
Read MoreInsurtech 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
Read MoreConsenSys 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
Read MoreHK 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,
Read MoreAirwallex 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
Read MoreWeLab 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
Read MoreEpisode Six Announces Additional $30 Million in Funding
Episode Six, the global provider of modern payment processing and banking infrastructure, today announced that it has secured an additional $30 million of investment, bringing its total capital raised to $40 million. This additional funding comes nine months after the
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