Deals
This week saw a flurry of earnings reports as several major companies announced their latest financial updates.
Editor's take: The week that was—May 13-18
ShawKwei & Partners leans on secondaries amid a more favourable environment
Vertex Ventures launches $64m inaugural Japan-focused fund
Crypto lender Genesis to return $3b to customers in bankruptcy liquidation
Nvidia-backed CoreWeave raises $7.5b in debt deal led by Blackstone, others
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Singapore’s finance admin startup Osome raises $17m in Series B+ round
Indonesian investment firm Saratoga said to be exiting Antangin maker Deltomed
Haidilao restaurant operator Super Hi’s shares surge 38% in strong US market debut
Private Equity
The PE firm also said SE Asia is at a particularly favourable moment for investment opportunities.
Venture Capital
The fund is anchored by Singapore-based Vertex Holdings.
IPOs & Markets
The restaurant operator had raised $52.7 million in its IPO.
With this, the company has completed its Series B round at $40+ million in total.
Anime-focused venture studio Kasagi Labo has raised $12 million in a pre-series A round led by Burda Principal Investments.
Philippines-based coffee chain operator PICKUP COFFEE has received a fresh capital injection from new investors.
Earnings and Results
Its founder and CEO said the firm is on track to more than double its revenue this year.
Grab maintained its full-year revenue guidance at $2.70-2.75 billion and raised its EBITDA forecast to $250-270 million.
AI behaviour aggregator SQREEM Technologies has acquired digital advertising platform TotallyAwesome.