Venture Capital

Qualgro’s second fund will focus on Series B investments in Southeast Asia and Australia.

Its portfolio of 19 companies include Indonesian on demand services company Go-Jek and Indian chapati machine maker Rotimatic.

China’s JD.com is teaming up with Sequoia China to raise up to RMB40 billion (US$5.81 billion) for a state-owned fund that invests in China’s long-term and strategic tech areas.

Kuo-yi Lim, Co-founder and Managing Partner at Monk’s Hill Ventures, a Southeast Asia-focused fund, tells us more.

Finding the right people was a challenge for the company initially, he said, managing 30 hires at Momentum Works.

Who are some of the unicorn-to-be(s) in Southeast Asia? When should you invest in them?

Planning to launch in Singapore in less than 2 weeks, ClassPass adds funds from its Series C lead investor Temasek.

Circo, a co-working space in Ho Chi Minh City, Vietnam, says it has raised its first round of VC funding today after bootstrapping for two years.