PT Ilectra Motor Group Raises Up To USD50M in Series B Funding
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Source: finsmes.com
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Deals in brief: CompAsia secures Series A funding, Singapore welcomes new biotech incubator, and more
Bringing you the latest news briefs on fundraising activities in the Asia Pacific.
Source: kr-asia.com
Horizons Ventures leads IMG's Series B investment round along with HH-CTBC Partnership, L.P. (Foxconn Co-GP Fund) and Indika Energy as the largest investors
PT Ilectra Motor Group (IMG or ALVA) with its brand ALVA has finalized its Series B fund raise, totalling up to USD50 million. The round which included all previous investors, is led by Horizons Ventures. New investors include HH-CTBC Partnership, L.P. (Foxconn Co-GP Fund), which together with Horizon Ventures and Indika Energy, form the largest investors of IMG to date. New investors other than Foxconn Co-GP fund include Brama One Ventures. Proceeds from the Series B funding will be used...
Source: webwire.com
Indonesia's Ayoconnect closes $15m Series B round led by Tiger Global
Ayoconnect plans to use the proceeds to launch new products, increase its capacity, and kick off regional expansion.
Source: dealstreetasia.com