Singapore-based venture capital firm Qualgro has announced it has completed the first close of its second fund, with US$60 million of the US$100 million ($137 million) target committed.
Australian edutech startup OpenLearning has raised $8.5 million in a Series A round led by Malaysian companies Prestariang Berhad and Paramount Corporation Berhad, with participation from a handful of local investors.
ShopBack is an online loyalty program of sorts, giving shoppers cash back for purchases made from partner retailers through its platform.
Australia’s BlueChilli has partnered with Singapore-founded venture capital firm Hatcher+ in a deal that will see US$125 million ($162 million) invested in up to 240 startups identified by BlueChilli over the next three years.
Blue Sky Venture Capital has upped its stake in Thailand-based aCommerce, a company helping brands set up ecommerce platforms in Southeast Asia, participating in the company’s US$65 million Series B round.
The MDEC has announced the development of new digital startup hubs and incentives that it hopes will attract Australian startups to Malaysia.
Gemstar Technology, a company that aims to bridge the gap between Australia’s growing technology sector and the trade, investment and market opportunities that exist in Southeast Asia using Singapore as the gateway, has entered a new growth phase with the strategic appointments of Martin Christmas and Geoff Gourley.
In Australia and New Zealand, coworking spaces are looking to differentiate themselves with perks like nap pods, coffee machines, ping pong tables, brainstorming rooms, and even play areas for working mothers with young children. But having a strong and tightly-knit community is the foundation of every successful coworking space.