Dubai's Immensa Raises $20M; FEBE Launches $75M Fund; Rich Data Co, Fr8Labs Secure Funding; Keppel Acquires European Asset Management Stake
Dubai's Immensa raises USD 20 million for global expansion, while FEBE Ventures launches a USD 75 million fund and welcomes new partners. Meanwhile, Rich Data Co secures Series B funding, Fr8Labs receives seed capital, and Keppel strengthens European asset management with a USD 388.2 million acquisition.
Immensa, a 3D printing company based in Dubai, has secured USD 20 million in funding. The company plans to use these funds for global expansion and platform refinement.
FEBE Ventures, a venture capital firm, has launched its second fund worth USD 75 million. This fund will focus on B2B software, marketplaces, health, and sustainability startups. Additionally, FEBE Ventures has welcomed Nicolas El Baze and Aditya Pendyala as partners, though details about their roles are not available.
In the fintech sector, Rich Data Co, headquartered in Sydney, has raised USD 17.5 million in Series B funding. The company aims to expand its operations in North America with this investment.
Fr8Labs, a logistics startup based in Singapore, has received USD 1.5 million in seed funding. The company plans to use these funds for product development and expansion in Southeast Asia.
Keppel, a Singapore-based company, has acquired a 50% stake in Aermont Capital for SGD 517 million (USD 388.2 million). This acquisition will strengthen Keppel's asset management capabilities in Europe.
Lighthouse Canton has reached the final close of its LC Nueva AIF fund, securing INR 3.5 billion (USD 42 million). This fund will be used for pre-Series A and Series A investments.
DBS, a multinational banking and financial services corporation, has extended a green loan of AUD 207 million (USD 137.4 million) to KWAP. The loan is for the refinance of a Grade A green office building in Australia.
Catcha Digital, a Malaysian digital company, has acquired a majority stake in Digital Symphony for MYR 21.17 million (USD 4.55 million). This acquisition aims to enhance the company's earnings per share.
FEBE Ventures has also partnered with Silicon Valley-based Tekton Ventures to share expertise.
These investments and partnerships reflect the vibrant startup ecosystem and the growing interest in sustainable and tech-driven businesses across the globe.
