Penjana Kapital closes RM850mil funding to help local startups
The Dana Penjana Nasional programme raised RM850mil for its first close at end-May 2021, exceeding the target of RM228mil by RM622mil or 3.7 times.
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Startups
Hiro Capital invests $6.4M in Twin Suns and FRVR game startups
Hiro Capital led investments totaling $6.4 million in Twin Suns and FRVR. They’re both part of Hiro Capital’s push to invest in variety of game studios.
Ubisoft launches 6th season for Entreprenuer Lab with 11 startups
Ubisoft launched the sixth season for its Entrepreneurs Lab, with 11 startups taking part in the program for innovation in games and tech.
Amazon Launch ‘Mentor Connect’ programme for startups & brands
Amazon India on Sunday announced the launch of its “Mentor Connect” programme for thousands of startups and emerging brands.
MDEC allocates RM14 million to SMEs and start-ups
Malaysia Digital Economy Corp (MDEC) approved another RM10.5million worth of grants benefitting small and medium-sized enterprises (SMEs) and start-ups.
Philippines creating US$5M venture fund for local startups
The Department of Trade and Industry (DTI) of the Philippines is creating a P250-million (US$50 million) venture fund aimed at investing in local startups.
Eurazeo closes €80m round for smart city start-ups
The second Eurazeo Smart City venture will fund start-ups pioneering in working from home, electric mobility, food delivery and more.
Facebook accused of squeezing VR rival startups
Developers say Facebook is using its market power to rival startups thwart that offer VR competing games and services.
Budget 2021 seen as boon to e-commerce startups, SMEs
Malaysia's budget 2021 has been seen as bringing hope to small and medium enterprises (SMEs) and e-commerce startups.
Nvidia’s GTC event will shine a spotlight on 200 AI startups
Nvidia’s GPU Technology Conference (GTC) kicks off Monday with a keynote speech by Nvidia CEO Jensen Huang, whose company has become one of the most…