Page 7 - Wavemaker Partners News Today

Vietnam News in Brief June 30: GDP growth hits 3.72 percent, BlackPink is headed to Hanoi and a number of new FDI projects are about to begin

Ho Chi Minh City-based agriculture-technology startup FoodMap has raised $1 million in a move to bring Vietnamese farm produce to new international markets, the agritech firm said on Wednesday.

Vietnam-based agritech firm FoodMap has raised $1 million in a bridge round to boost its expansion plan to other markets, DealStreetAsia has learnt.

Singapore-based TRIREC has launched a new fund in partnership with Thai energy tech company INNOPOWER for decarbonisation investments. 

Will Ward, the founder of Fourward Inc., a music and production house, has launched Fourward Ventures, a $50 million venture capital fund. The Beverly Hills-based fund has successfully closed half of its amount and is currently on track to close the balance by mid-September. 

SC Malaysia has taken action against Huobi Global Limited while Malaysia-based proptech LiveIn has acquired local firm KT Management.

Regulatory News: Press Release Paris, 10 May 2023 Pernod Ricard's (Paris:RI) venture capital fund, Convivialité Ventures, has taken a minority share in ecoSPIRITS, a circular economy technology

The fund plans to make a total of 5-6 investments in 2023.

Despite forecasts that the global economic situation may negatively impact the startup market, the edtech sector in Vietnam is still flourishing due to increased investment in education, affordable internet costs, and advancements in industry technologies.

Singapore-based ecoSPIRITS has secured about $8 million in fresh funding in a round led by Closed Loop Partners.