USA > Netherlands based Lone Rooftop, a smart building SaaS Specialist, is set to raise $2.5 million for expanding into USA

Lone Rooftree logo Netherland based Lone Rooftop is set to expand into US after securing funding from another Netherland based venture capital firm, Nimbus Ventures. Nimbus will invest $2.5 million and will get a coveted shareholder position from the investment. The funding will be used for Lone Rooftop’s ambitious growth strategy to become the leading space utilization platform. Lone Rooftop is expecting increase More …

UK > US based Comcast is set to acquire UK based Sky plc. for $39 billion following a bidding war  

Comcast logo After a bidding war over Sky plc, Comcast has successfully outbid 21st Century Fox to acquire the UK media giant for $39 billion which was clinched after an unusual blind auction through UK’s Takeover Panel that helps moderate these large scale acquisitions. Both Comcast and 21st Century Fox had to go through the Panel after neither side made a final More …

ISRAEL > US based Ford is set to develop a decision-making system for driving autonomous cars in Israel investing approximately $12 million

Ford_Motor_Company_Logo.svg Following the Israeli algorithmic solutions company Ford acquired two years ago, SAIPS, Ford is beginning to develop a decision- making system for driving autonomous cars in Israel. Decision making system is a major challenge for autonomous car developers as decisions must be made in fractions of seconds. Ford is planning to invest around $12 million for the system. SAIPS, the More …

CHINA > Singapore based United Overseas Bank (UOB) is set to open new headquarters in Shanghai, China

UOB To reaffirm its commitment to the Chinese market, United Overseas Bank opened its new headquarters building in Shanghai being the first office building owned by a foreign bank in the Lujiazui Financial District. The UOB Plaza is in the Lujiazui Financial District – China’s largest financial hub that drives Shanghai’s development as an international financial center. According to UOB’s deputy More …

USA > US based Poynt is set to raise $100 million Series C from Australia based National Australia Bank and US based Elavon

Poynt logo To be mainly used for expanding into new markets across Asia, Europe and South America, grow its talent base, and invest in product and partner development as it executes its vision to become the operating system (OS) on smart payment terminals worldwide, USA based Poynt is set to raise $100 million Series C raise from Australia based National Australia Bank More …

SINGAPORE > US based MassMutual is set to establish a $50 million Singapore based fund for investments in South-East Asia

Massmutual logo The venture capital arm of the Massachusetts Mutual Life Insurance Company (MassMutual), MASSMUTUAL Ventures (MMV), is set to establish a $50 million dollar fund for investments in South-east Asia. MASSMUTAL Ventures is targeting 10 to 15 Series A and Series B round investments in digital health, fintech, insurtech and enterprise software for the next three years. MassMutual will work with More …

LATIN AMERICA> US based Inter-American Development Bank and South Korea based NH Investment Securities establish a co-financing fund for Latin America and the Caribbean for up to $300 million

idb invest logo IDB Invest which is the private sector institution of Inter- American Development bank and NH Investment & Securities signed a Memorandum of Cooperation (MOC) to establish a co-financing fund for the private sector in Latin America and the Caribbean for up to $300 million. The agreement was signed by Gema Sacristán, IDB Invest chief investment officer, and Young-chae Jeong, NH Investment More …

SINGAPORE > Thailand based Kasikornbank is set to invest $50 million in Singapore based ride hailing company Grab

Kasikornbank logo Thailand based Kasikornbank is set to invest $50 million in Singapore based Grab. This makes Kasikornbank the largest investor in the Singapore technology startup’s ongoing fundraiser. Additionally, with the new investment Grab will also be able to launch its in- app GrabPay electronic wallet in Thailand. Launching in Thailand will be Grab’s sixth Southeast Asian market. Grab’s main competitors in More …