Sinar Mas provided $250m for Dana while Prosperity7 Ventures led a tranche that took Insilico’s series D round to $95m.

M&A Precision medicine producer Gemini Therapeutics has agreed to merge with Disc Medicine, a US-based haematologic disease therapy developer backed by life sciences real estate investment trust Alexandria Real Estate Equities, pharmaceutical firm Novo and conglomerate Access Industries. The combined entity will operate under the name Disc Medicine and take Gemini’s listing on the Nasdaq Global Market. It will have about $175m in cash when the transaction closes later this year, including $53.5m from existing Disc investors such as Novo and Access Industries subsidiary Access Biotechnology. Human resources consulting firm Kabi Technologies has acquired Bloovo, a UAE-based provider of artificial intelligence-equipped recruitment software, for an undisclosed amount, allowing staffing advisory firm ProCapita HR Consultancy to exit. ProCapita took part in Bloovo’s $3m seed round in 2017. Funds Thailand-based electric utility Gulf Energy Development has committed THB2.7bn ($77m) to private equity firm Lightrock’s Climate Impact Fund, which is set to operate for a decade and which focuses on companies that can help impact greenhouse gas emissions. Hong Kong-based asset management firm Gly Capital Management has closed a $163m private equity vehicle dubbed New Mobility Fund, which was anchored by automotive manufacturers Zhejiang Geely Holding Group and IT services firm SK. Its limited partners include unnamed industrial conglomerates, financial institutions, family offices and high-net-worth individuals across Hong Kong, South Korea, Singapore, the US, Europe and Japan. Singapore-based insurer Tokio Marine Asia has formed a strategic alliance with fintech and insurtech-oriented venture capital firm Arbor Ventures through its Innovation Lab subsidiary. The corporate’s Japan-headquartered parent firm, Tokio Marine Holdings, had already created a corporate venturing arm called Tokio Marine Future Fund in April this year in partnership with VC group World Innovation Lab. Funding CompanyCompany descriptionSectorCountryRoundRound size($m)Deal dateInvestorsEspay Debit Indonesia Koe (Dana)Digital wallet providerFinancialIndonesiaN/A25010/08/2022Sinar Mas Group; Lazada (secondary)InsilicoAI-driven drug discovery company HealthcareChinaD95 (updated)10/08/2022Saudi Aramco (Prosperity7 Ventures) (lead), Wilson Sonsini Goodrich & Rosati (WS Investment Company); Boston Consulting (B Capital Group), Warburg Pincus, BHR Partners, Qiming Venture Partners, Deerfield, Pavilion Capital, Bold Capital Partners, Alex ZhavoronkovStradVisionAutomotive perception processing software developerTransportSouth KoreaC8810/08/2022ZF (co-lead), Aptiv (co-lead)InjectiveFinance-focused blockchain providerFinancialUSN/A4010/08/2022Jump Trading Group (Jump Crypto) (lead); Alan Howard (BH Digital)FinixSoftware-focused payment technology providerFinancialUSB3010/08/2022American Express (American Express Ventures); The General Partnership, Acrew Capital, Bain Capital (Bain Capital Ventures), Cap Table Coalition, Homebrew, Insight Partners, Inspired Capital, Lightspeed Venture Partners, Precursor Ventures, PSP Partners (PSP Growth), Vamos Ventures, Franklin TempletonBetaGlue TechnologiesCancer radiotherapy system developerHealthcareItalyN/A10.219/07/2022Intesa Sanpaolo (Neva), Petrone Group (Fin Posillipo), Romed; Panakes Partners, Liftt, Kairos Partners, Innogest Capital, ProfequycapitalViXionEyesight enhancement headset developerHealthcareJapanA7.210/08/2022Senju Pharmaceutical, Exedy CorporationOnly StoryOperator…

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Edison Fu

Edison Fu is a reporter and Asia liaison at Global Corporate Venturing.