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Musim Mas Enters Into Agreement To Acquire Manufacturing Facility from Stepan to Expand Product Offerings in Surfactants
Musim Mas, through its subsidiary Masurf Inc., has entered into an agreement to acquire a manufacturing facility in Bauan, Batangas province, Philippines from Stepan Philippines Quaternaries, Inc. (SPQI), a subsidiary of Stepan Company. The acquisition aims to strengthen Musim Mas' surfactant portfolio and enhance capabilities to meet growing market demands.
Ashita Group Secures USD 155M in Growth Capital from CPFam-LDA Asia Growth Fund and AEI Capital Group to Fuel Regional E-Commerce and Social Commerce Expansion Post-Listing
Ashita Group, a B2B2C, e-commerce, and social commerce company, has secured USD 155 million in growth capital commitments from CPFam-LDA Asia Growth Fund and AEI Capital Group to support its expansion following its upcoming public listing.
Kailo Medical Acquires REI AI to Transform the Future of Radiology Reporting
Kailo Medical, a global leader in structured reporting for medical imaging, has acquired REI AI, a pioneering generative AI company focused on radiology reporting. This strategic acquisition brings generative AI into structured workflows, reinforcing Kailo's mission to deliver long-term impact through trusted, collaborative innovation.
Virtusa Bolsters Expansion Plans with Acquisition of Mav3rik
Virtusa Corporation, a global digital engineering and technology services provider, has acquired Mav3rik, an Australian-owned Salesforce and MuleSoft advisory and implementation partner, to strengthen its capabilities and expand its footprint in the ANZ and APAC regions.
Nearmap to Acquire itel, Creating a Comprehensive Property Intelligence Platform Bridging Insurance Underwriting and Claims
Nearmap, a property intelligence provider, announced its acquisition of itel, a property claims solutions company, to create a comprehensive property intelligence platform for the insurance industry. The deal is expected to close in Q2 2025, with financial terms undisclosed.
PHASE Scientific Raises US$34 Million Series A Round to Advance Urine-Based Diagnostic Technology for Early Disease Detection
PHASE Scientific International Limited completed a US$34 million Series A funding round, the largest in Asia's diagnostic technology sector since 2019, to accelerate R&D and commercialization of its proprietary PHASIFY™ urine-based diagnostic technology for early detection of cancers, women's health issues, and infectious diseases.
Whale Secures $60 Million to Expand its Enterprise AI Suite Globally
Whale, a Singapore-based enterprise AI company, completed Series C1 and C2 funding rounds raising over $60 million total, with Series C2 in May 2025 bringing new strategic investors including BOSCH Ventures, MTR Lab, Singtel Innov8, MDI Ventures, and Gentree Fund.
Global Investment Giant IFC (World Bank) Invests in VUZ $12M Pre-Series C, the World's Leading Immersive Media Company
VUZ, the world's leading immersive media company, has secured a $12M Pre-Series C investment from the International Finance Corporation (IFC), a member of the World Bank Group, with participation from Al Jazira Capital, Crosswork VC Success fund, existing investors, and Saudi family offices to support global expansion in immersive media.
NIPPON EXPRESS HOLDINGS Completes Stock Acquisition of Cold Chain Bangladesh Limited
NIPPON EXPRESS HOLDINGS, through its subsidiary Nippon Express (South Asia & Oceania) Pte. Ltd., acquired a 20% shareholding in Cold Chain Bangladesh Limited, a Bangladeshi logistics company specializing in domestic distribution and temperature-controlled logistics.
Global fintech CrediLinq Raises $8.5M Series A to Accelerate the Growth of B2B Embedded Finance
CrediLinq, an AI-powered embedded finance platform, has closed an $8.5 million Series A funding round led by OM/VC and MS&AD Ventures. The funds will be used for geographic expansion into the US, UK, and Australia, hiring senior talent, and enhancing its technology infrastructure.
CrediLinq Secures $8.5M Series A to Scale AI-Powered B2B Embedded Finance
CrediLinq, an AI-powered B2B embedded finance platform, closed an $8.5 million Series A funding round led by OM/VC and MS&AD Ventures, with participation from new investors Citi North America and Rustem Family office, and returning investors 500 Global, Epic Angels, 1982 VC, and Big Sky Capital. The funds will support geographic expansion, talent acquisition, and technology enhancement.
Fintica AI and Mima Wallet Announce Strategic Partnership and Launch Joint Venture, Fintica Crypto Ltd
Fintica AI Ltd and Mima Wallet announced a strategic partnership and the launch of their joint venture, Fintica Crypto Ltd, which will combine Fintica AI's AI platform with Mima Wallet's security solutions to develop crypto trading products for the Greater China region.
Fintica AI and Mima Wallet Announce Strategic Partnership and Launch Joint Venture, Fintica Crypto Ltd
Fintica AI Ltd and Mima Wallet announced a strategic partnership and the launch of their joint venture, Fintica Crypto Ltd, combining Fintica AI's AI platform with Mima Wallet's security solutions to develop crypto trading products for the Greater China region.
AUCNET Acquires Singapore Joint Venture as 100% Subsidiary
AUCNET INC., a Japanese circular market design company, has fully acquired its Singapore-based joint venture SG e-Auction Pte. Ltd., making it a wholly owned subsidiary to strengthen its fashion resale business in ASEAN and Oceania regions.
TELUS Health acquires Workplace Options, top provider of wellbeing services to Fortune 500 companies
TELUS Health announced the acquisition of Workplace Options for approximately $500 million (US$350 million), net of assumed debt of approximately $100 million (US$70 million). GTCR invested US$200 million as part of the acquisition, bringing strategic healthcare industry expertise to accelerate TELUS Health's global growth.
Rently Secures $3M Pre-Series A Investment Led by Orange Bloom to Revolutionise the Asian Rental Market
Singapore-based proptech platform Rently has raised $3 million in a Pre-Series A funding round led by impact investor Orange Bloom, with participation from existing investors Hustle Fund, Woh Hup, Feedback Ventures, and 5i Ventures. The round values the company at $43 million and will support expansion into Hong Kong and other Asian markets, along with product development and team growth.
Novo Holdings Announces Investment in SCHOTT Poonawalla to Accelerate Growth and Innovation in Injectable Drug Packaging
Novo Holdings, alongside TPG Growth, has made an investment in SCHOTT Poonawalla, India's leading provider of injectable drug packaging solutions, to support its expansion and innovation in the pharmaceutical infrastructure segment.
Qian Fenglei Restructures Capital Market with "FO-X" Strategy: Acquires 600 Million HKD Stake to Take Control of WellCell, Aiming for Trillion-Dollar Web3 Ecosystem
Heng Feng Limited, owned by entrepreneur Qian Fenglei, completed a 600 million HKD acquisition of a 10% stake in Hong Kong-listed WellCell (02477.HK) on May 9, 2025, raising its total ownership to 29.9% and becoming the largest shareholder. This strategic takeover is part of Qian's "FO-X" strategy to build a Web3 ecosystem.
Aker Horizons announces merger with Aker and early repayment of NOK 2.5 billion green bond
Aker ASA and Aker Horizons ASA announce a merger where Aker Horizons' subsidiary, Aker Horizons Holding AS, will merge with a subsidiary of Aker ASA. Shareholders of Aker Horizons (excluding Aker Capital) will receive cash and shares in Aker ASA as consideration. The merger is expected to complete in Q3 2025, and Aker Horizons will also redeem its NOK 2.5 billion green bond early.
Medmain, a Japanese pathology AI startup, has raised 3.3M USD (total 18M USD), with investments from One Capital, Niremia Collective, and Plug and Play
Medmain Inc., a Japanese medtech startup offering the AI-powered digital pathology platform PidPort, has raised $3.3 million in a funding round led by One Capital, with participation from Niremia Collective and Plug and Play, bringing its total equity funding to $18 million. The funds will be used to enhance product development, invest in digitalization infrastructure, strengthen sales, pursue regulatory approvals, and support international expansion.
Vistra announces strategic acquisition of iiPay to create a top 4 market leader in global multi-country payroll
Vistra has entered into an agreement to acquire iiPay, a market leader in cloud-based global payroll solutions, to significantly enhance its payroll capabilities and become a top 4 market leader in global payroll.
PEC Ltd. US$160 million buyout and privatization by Liberty Energy Solutions Ltd
PEC Ltd shareholders approved a US$160 million acquisition by Alliance Energy Services Pte Ltd, a holding company majority owned by Liberty Energy Solutions Ltd, through a Scheme of Arrangement. Following court sanction, PEC will be delisted from the Singapore Stock Exchange.
PEC Ltd. US$160 million buyout and privatization by Liberty Energy Solutions Ltd
PEC Ltd shareholders approved a US$160 million acquisition by Alliance Energy Services Pte Ltd, a holding company majority owned by Liberty Energy Solutions Ltd, leading to PEC's delisting from the Singapore Stock Exchange.
FancyTech Closes Series B+ to Power AI Personalized Content Solutions in Thailand and Southeast Asia
FancyTech, an AI startup specializing in commercial content generation, has closed its Series B+ funding round co-led by GSR Ventures and Zhilin Capital, with continued backing from existing investor DCM. The funding will support global expansion and scaling of its AI-driven content generation platform, with Thailand as a key growth market.
Nuevocor Closes US$45 Million Series B Financing for Clinical Development of Novel Mechanobiology-Centered Therapy for Cardiomyopathy
Nuevocor, a Singapore-headquartered IND-stage biotechnology company, has successfully completed a US$45 million Series B financing round co-led by Kurma Partners and Angelini Ventures, with participation from existing investors EDBI, ClavystBio, Boehringer Ingelheim Venture Fund, Highlight Capital, and SEEDS Capital. The funds will support a Phase 1/2 clinical trial of lead candidate NVC-001 for LMNA-related dilated cardiomyopathy.
Ericsson resolves on an acquisition offer for C shares for the Long-Term Variable Compensation Programs LTV 2025 and LTV 2024
Ericsson's Board of Directors has resolved to make an acquisition offer to acquire all 23.1 million C shares from SEB to finance its Long-Term Variable Compensation Programs LTV 2025 and LTV 2024, with the acquisition to occur between May 5-19, 2025 at approximately SEK 5 per share.
Thomson Reuters Signs Definitive Agreement to Acquire TimeBase
Thomson Reuters Corporation has signed a definitive agreement to acquire TimeBase, a leading provider of Australian legislative solutions, for $6.5 million in cash. The acquisition aims to expand Thomson Reuters' market potential in Australia by integrating TimeBase's comprehensive legislative platform and exploring generative AI capabilities.
Epicsoft Asia Pte. Ltd. Announces Voluntary Conditional Cash Offer for Ban Leong Technologies Limited at S$0.6029 per Share
Epicsoft Asia Pte. Ltd., an indirect wholly-owned subsidiary of GCL Global Holdings Ltd, has made a voluntary conditional cash offer to acquire all issued shares of Ban Leong Technologies Limited at S$0.6029 per share, aiming to expand GCL's product offerings and distribution footprint in Asia.
Cocoon Capital Announces First Close of USD 50 Million Fund III to Accelerate Southeast Asia's Enterprise and Deep Tech Startups
Cocoon Capital announced the first close of its third venture capital fund, securing USD 30 million in commitments toward a USD 50 million target. The fund will continue the firm's strategy of investing in early-stage enterprise and deep tech startups across Southeast Asia, providing capital and hands-on support through its Cocoon Academy platform.
NOIZ Group acquires LOOP Space to strengthen its digital innovation and transformation
NOIZ Group Limited, a Hong Kong-listed diversified company, has strategically acquired LOOP Space, a Web 3.0 social platform powered by AI technology, to enhance its digital ecosystem and diversify revenue streams.
Marriott International to Acquire the citizenM Brand
Marriott International announced an agreement to acquire the lifestyle hotel brand citizenM for $355 million, aiming to expand its select-service and lifestyle lodging offerings globally.
Theo Raises $20M to Democratize Access to Institutional-Grade Trading Infrastructure
Theo, an institutional-grade trading infrastructure platform founded by former quant traders from IMC Trading and Optiver, raised $20 million in funding to connect onchain capital to global markets and democratize access to sophisticated trading strategies for retail investors.
Suvoda and Greenphire Announce Completion of Merger
Suvoda and Greenphire have successfully completed their merger, creating a combined company named Suvoda that will provide comprehensive clinical trial technology solutions. The merger brings together Suvoda's expertise in randomization, trial supply management, and patient outcomes data collection with Greenphire's leadership in clinical trial payments, financial management, and patient support tools. The combined company will be led by Jagath Wanninayake, Suvoda's Founder and CEO, with Thoma Bravo as the lead strategic investor, and Bain Capital Tech Opportunities Fund and LLR Partners making significant minority investments.
Global Financial Crime Prevention Leader Feedzai Acquires Demyst to Break Down Data Silos and Accelerate Risk Decisions
Feedzai, a global fraud and financial crime prevention platform, has acquired Demyst, including its Zonic data workflow orchestration platform and data-integration capabilities, to unify data orchestration and risk management into a single AI platform for financial institutions.
FPT Announces Strategic Partnership and Investment with Sumitomo and SBI Holdings
FPT Corporation announced a strategic partnership with Sumitomo Corporation and SBI Holdings, where both Japanese conglomerates will each invest 20% in FPT Smart Cloud Japan, a subsidiary of FPT Corporation, to accelerate AI adoption through the FPT AI Factory ecosystem in Japan.
Field Medical Closes $40 Million Series A Financing
Field Medical Inc. has successfully closed a $40 million Series A financing round, consisting of $20 million in new capital and conversion of $20 million in seed-round debt. The funding will support completion of pilot studies for ventricular tachycardia and atrial fibrillation, continued development of the FieldForce Ablation System, and operational scale-up for the company's pivotal VT trial.