Asia's Tech Scene Booms: Bizhare Raises Funds, Zespri Launches Sustainability Fund, Bain Capital's Largest Asia Fund
Indonesia's Bizhare, a crowdfunding securities platform, has secured funding led by Kejora Capital and SBI Holdings. Meanwhile, Zespri has launched a USD 2 million annual fund for sustainable innovation, dubbed ZAG. In another development, Bain Capital has raised USD 7.1 billion for its fifth pan-Asia private equity fund, Bain Capital Asia Fund V, making it the largest such fund raised in Asia this year.
Bizhare's funding will support its growth and expansion in the Indonesian market. The platform connects investors with startups seeking capital. Kejora Capital and SBI Holdings are prominent investors in the region, with a focus on tech and fintech startups.
Zespri's ZAG fund aims to support innovative projects that align with its sustainability goals. The fund will focus on projects that enhance productivity, reduce environmental impact, and improve the kiwifruit supply chain.
Bain Capital's latest fund, Asia Fund V, will invest in companies across various sectors in Asia. The fund's size reflects the growing interest in private equity investments in the region.
In other news, Tongming Zhiyun Technology has raised a significant eight-figure RMB sum following its Series A+ funding round. The company specializes in AI and big data technologies.
CoinGecko, a cryptocurrency data platform, has acquired Zash, a non-fungible token (NFT) data infrastructure and intelligence company. The acquisition will expand CoinGecko's offerings in the NFT space.
Turn Capital, a Thai private equity firm, has plans to establish more than 100 new Flash Coffee stores in Thailand within the next two years. The company recently acquired the Thailand business of tech-enabled coffee chain Flash Coffee. The expansion is expected to create new job opportunities and boost the local economy.
AutoMQ, a technology company specializing in AI and machine learning, has announced the completion of two funding rounds. The company raised capital through an angel round and an extended angel round of financing. The funds will support AutoMQ's growth and expansion.
Emgo-Tech, a technology company focused on AI and big data, has completed a Series B funding round. The company raised over RMB 50 million (USD 7.03 million) in the round. The funds will support Emgo-Tech's research and development efforts and expansion into new markets.
These funding rounds and acquisitions reflect the vibrant tech and investment landscape in Asia. From crowdfunding platforms to AI and big data technologies, and from sustainable innovation to NFT data infrastructure, these developments highlight the diverse range of opportunities in the region.
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