Lazada Group and Touch ‘n Go provided $168m for online payment platform developer TNG Digital while Arab Bank Accelerator was among the investors in Cartona’s $12m series A round.

Funds

Beacon VC, the corporate venture capital subsidiary of Thailand-based financial services firm Kasikornbank (Kbank), intends to raise between $50m and $100m in additional capital from its parent firm, DealStreetAsia reported today. The unit’s managing director, Thanapong Na Ranong, said the team plans to deploy the remaining capital by the end of this year.

Japan-based insurance firm T&D Holdings has teamed up with Spiral Innovation Partners, the open innovation subsidiary of venture capital firm Spiral Capital, to form…

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Edison Fu

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