In March 2015, serial tech entrepreneur Grove co-launched, alongside a management team and merchant bank Evolution Media Capital, an internet TV platform in southeast Asia called iFlix.
Author: Katherine Steiner-Dicks
Corporate venturing on the New Silk Road
China’s foreign exchange reserves, which are heading towards the $3.8 trillion mark, are itching to be invested. China’s $62bn Silk Road Infrastructure Fund is one vehicle set up to invest those reserves. The fund’s strategy is to open up infrastructure links with foreign markets along a newly mapped Silk Road and Maritime Road. To date, the $62bn is… Continue reading Corporate venturing on the New Silk Road
A reel expert can tackle anything
Katherine Steiner-Dicks talks to Mark Kaplan, chief executive and founder of Tone, a US-based mobile communications company, which partners predominately non-US network operators to market co-branded mobile content services.
Why the fear of failure must stop haunting South East Asia’s startups
“Only those who dare to fail greatly can ever achieve greatly.” – Robert F Kennedy Deepak Natarajan, Intel Capital’s director for investments in South East Asia, Australia, and New Zealand, chats with Katherine Steiner-Dicks on government spoon-feeding, cultural barriers, debt-laden MBAs, risk takers, and the value of building stronger entrepreneurial ecosystems in the region. Just as… Continue reading Why the fear of failure must stop haunting South East Asia’s startups
Large Investment of the Year – Cloudera
The $740m investment in US-based software company Cloudera by semiconductor company Intel’s corporate venturing unit, Intel Capital, was the single largest data centre investment in Intel’s history. Cloudera secured this year’s award following the news in March 2014 that it had closed an enormous $900m series F round backed by Intel Capital and Google unit… Continue reading Large Investment of the Year – Cloudera
Fundraising of the Year: IBM Venture Capital – Watson Fund
The Watson supercomputer has been in development for years. IBM’s use of its corporate venturing unit, IBM Venture Capital, led by Claudia Fan Munce, to tap into business opportunities through software ideas spawned from developers is a landmark move, not just for IBM, but the larger technology sector. With the help of IBM Venture Capital,… Continue reading Fundraising of the Year: IBM Venture Capital – Watson Fund
Malaysia’s MyTeksi set for more funding
MyTeksi, the Malaysia-based operator of a taxi ordering app, is reportedly looking to raise $10m in the form of a loan or convertible instrument, according to sources, which said the investor could be the Malaysia-based CIMB Investment Bank, The Star newspaper has reported. The company is already backed by the corporate venturing unit of Singaore… Continue reading Malaysia’s MyTeksi set for more funding
Curtain up for AdStage in $1.4m seed round
Japan-based internet company Digital Garage’s incubator has invested in a $1.4m seed round of funding for AdStage, a cross-network ad campaign technology business for small-to medium-sized businesses.
Google Ventures packs a $4m punch at cyber threats
Google Ventures has led a $4m series A round of funding for SaaS-based cybersecurity company ThreatStream, which will be used to add a new layer of cybersecurity for enterprise and government customers.
Deliv brings retail therapy to mall operators
Goods delivery service Deliv has raised $4.5m in the second tranche of a series A round, and has now reached $12.5m in equity from traditional, institutional and strategic investors.
Reed Elsevier still digs GigaOm data
Reed Elsevier Ventures has taken part in an $8m series F funding round for technology data firm, GigaOm, which has now raised over $22m, and which intends to use the funds to continue to grow the editorial side of its business.
GE is mind over matter in $10m Ornim Medical round
GE Healthcare, a unit of General Electric Company, has participated in a $10m round of funding for Ornim Medical, which brings Ornim’s funding to a reported $20-30m.
Fosun mingles with Kmsocial
The technology venture trade press has reported that tens of millions of dollars have been secured in a series B round of funding for China social media marketing firm Kmsocial that was led by Fosun Group’s corporate venturing unit, Fosun Venture Capital Investment. Series A investor Fidelity Growth Partners Asia also took part. Funding will… Continue reading Fosun mingles with Kmsocial
The Orange Chef weighs up nicely for Google Ventures
Google Ventures, the corporate venturing unit owned by search engine company Google, has co-invested with Spark Labs Global Ventures in a $3m funding round for The Orange Chef, which has developed clever connectable kitchen products for home use.