Thomas Reuters and Siemens participated in DataGrail’s $45m series C round while AyoConnect boosted its series B to $25m.

Furniture

Bankruptcy

Kayu Raya Indonesia, the Indonesia-based owner of online furniture retailer Fabelio, has filed for bankruptcy, Bisnis Indonesia has reported. Its investors include telecommunications firm Telkom Indonesia’s MDI Ventures unit, which co-led a $9m round in mid-2020 that reportedly took its total funding to $20m.

Fund

US-based talent management group United Talent Agency has teamed up with investment firm Investcorp to form a venture…

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Edison Fu

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