附近上门

Venture

Singapore’s Government-Backed Investment Firms Make Global Moves

In Singapore today, investment and acquisition activity is picking up.

First up, , a supply chain financing service, raised a led by Singapore鈥檚 sovereign wealth fund, the (GIC). The round is the third for the Shenzhen-based company which raised a in 2017. The company has raised a known total of , according to 附近上门.

Further west, another government-backed Singaporean investor, , has acquired , an Israeli-based cybersecurity startup, for a $250 million. According to , Sygnia will likely provide services for Temasek鈥檚 portfolio companies and operate as an independent entity.

These two events, spearheaded by Singaporean government-backed investors, peaked my interest. In what companies and where geographically have the two firms invested in 2018? Let鈥檚 find out.

According to its 附近上门 profile, GIC has taken part in 18 known investments in 2018, of those rounds. Its industry focus is relatively agnostic, investing in companies ranging from all the way to its most recent investment in Linklogis.

Temasek, on the other hand, has made in 2018, leading 22 of those deals, according to 附近上门. Like GIC, the firm鈥檚 investments range in genre.

Notably, both GIC and Temasek have invested in large Chinese companies. Both participated in Alibaba fintech affiliate Ant Financial鈥檚 massive $14 billion round in Q2 2018, and GIC led Luckin Coffee鈥檚 $200 million Series A in June 2018. According to Temasek鈥檚 , 27 percent of the company鈥檚 portfolio companies are based in Singapore, and 26 percent are based in China. Temasek led China-based robotics company round in January 2018 as well as Shanghai-based ed-tech company in March 2018.

Stay up to date with recent funding rounds, acquisitions, and more with the 附近上门 Daily.

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