The TU Munich-linked venture capital firm has increased its third fund by more than $100m after launching it nearly a year ago.

Telkom Group, Bank Mandiri and Bank BRI have backed Merah Putih Fund’s first close, reportedly sized at a hundreds of millions of dollars.

VKR Holdings is a cornerstone investor of the venture partnership’s Fund 1, which will back early-stage companies developing technologies designed to alleviate climate change.

LG and Hana Financial are anchoring the venture capital firm’s sophomore vehicle as it gets set to deploy capital across Asia and North America.

The joint initiative formed by digital product provider Miaki, SOSV and SBK will target Bangladesh-based seed-stage tech startups, having already chosen three candidates for a maiden cohort.

Fubon Financial Holdings' insurance subsidiary is investing $20m in return for a 2.4% stake in BlueRun Ventures' BRV Lotus Fund III.

The food product manufacturer is set to launch a subsidiary to make investments in the food supply chain.

Conglomerate Sunway helped establish venture capital vehicle Orbit Malaysia, which has secured the state-owned Mavcap as anchor investor.

Krafton is among the limited partners in the venture capital firm's latest fund, which has just has its targeted close doubled.

The bespoke education programme operator’s $1.4m startup accelerator will focus on edtech startups in a bid to explore hitherto unknown technologies.