Pertamina and MDI Ventures are teaming up on a $500m energy fund while Trip.com and Legend Capital-backed hotel brand Atour floated on Nasdaq.
Funds
Pertamina NRE, a subsidiary of oil and gas producer Pertamina, is launching an energy fund with telecommunications firm Telkom Indonesia’s MDI Ventures unit with a $500m target for its close, DealStreetAsia reported today. MDI Ventures will scout energy tech startups, while Pahala Mansury, vice-minister of state-owned enterprises for Indonesia, told DealStreetAsia more investors are expected to join.
Legend Capital, the venture capital firm launched by conglomerate Legend Holdings, has raised almost $187m for its third US dollar-denominated healthcare fund, according to a regulatory filing. The filing shows 21 limited partners have contributed to the fund.
Public markets
Atour, a China-based lifestyle hotel brand backed by Legend Capital and online travel booking platform Trip.com, floated on the Nasdaq Global Select Market on Friday in a $52.5m initial public offering, issuing 4.75 milliom American depositary shares priced at $11.00 each. Legend Capital owns a 29.3% stake post-IPO while Trip.com’s is sized at 14.3%.
| Company name | Company description | Sector | Country | Round | Round Size ($) | Deal dates | Investors |
|---|---|---|---|---|---|---|---|
| Lentra | AI lending software provider | Financial | India | B | 60 | 14/11/2022 | Citi (Citi Ventures), Susquehanna International Group; Bessemer Venture Partners (lead) |
| BeZero Carbon | Carbon offset rating provider | Energy and Natural Resources | UK | B | 50 | 14/11/2022 | EDF (EDF Pulse Ventures), Hitachi (Hitachi Ventures), Intercontinental Exchange, Norrsken; Quantum Energy Partners, Molten Ventures, Illuminate Financial, Qima, Contrarian Ventures |
| Privy | Digital trust provider | IT | Indonesia | C | 48 | 13/11/2022 | Telkom (MDI Ventures), Telkomsel (Telkomsel Mitra Inovasi), Singtel (Singtel Innov8); KKR, GGV Capital |
| Grouping | Online group buying platform | Consumer | Philippines | B | 30 | 11/11/2022 | Groupon (lead); Andreessen Horowitz |
| Napo | Pet insurance and services provider | Financial | UK | A | 17.6 | 11/11/2022 | Mars (Companion Fund), Daily Mail and General Trust (DMG Ventures); DN Capital (lead), Helvetia Venture Fund, M Tech Capital, Picus Capital, Sarona Partners, T0 Ventures, FJ Labs |
| Luminopia | Neuro-visual disorder treatment developer | Healthcare | US | Seed | 16.8 (updated) | 11/11/2022 | Sony (Sony Innovation Fund); ShangBay Capital (lead), The Vertical Group, SSI Strategy, unnamed existing investors |
| Yave | Proptech mortgage lending platform | Services | Mexico | Seed II | 7.5 | 11/11/2022 | Vinte, Cross River; Better Tomorrow Ventures (co-lead), Metaprop (co-lead), Activant, Moore Capital, Fintech Fund, Goodwater Capital, Magma Partners, DILA Capital, Wollef |
| ToffeeAm | Software development company | IT | UK | A | 5.8 | 13/11/2022 | Sumitomo (Presidio Ventures) (lead); East Innovate, IQ Capital, Exor (Exor Seed) |
| AI Communis | Video translation platform | IT | Singapore | Seed | 1.3 | 14/11/2022 | Digital Garage Group (DG Incubation); University of Tokyo (UTokyo Innovation Platform), The Seed |
| Natron Energy | Sodium-ion battery manufacturer | Energy and Natural Resources | US | N/A | N/A | 14/11/2022 | Mercuria |
| Exergy Energy | Renewable energy platform | Energy and Natural Resources | US | N/A | N/A | 11/11/2022 | Cummins |
