Corporate-backed financial remittance network operator Lightnet netted over $48m while Callaway Golf Company invested $30m in indoor golfing chain Five Iron Golf.

Funding

Lightnet, a Thailand-based remittance services provider backed by conglomerates Uni-President Enterprises and Hanwha and financial services firms United Overseas Bank (UOB) and Seven Bank, has raised $48.6m from co-founders Chatchaval Jiaravanon and Tridbodi Arunanondchai, DealStreetAsia reported today. The corporates had all joined HashKey Capital, Hopeshine Ventures, Signum Capital and Du Capital in the company’s $31.2m series A round in January 2020.

Golfing equipment and apparel producer Callaway Golf Company provided $30m in funding yesterday for Five Iron Golf,…

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Robert Lavine

Robert Lavine is special features editor for Global Venturing.
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