List of deals <US$100M invested in ASEAN in Q1-Q3 2017
corporate venture capital, or CVC. Analysis from SVCA revealed that three of the top five deals this year are CVCS in Singapore: Grab Holdings’ $2b deal, Ara Asset Management’s $1.3b buyout deal, and SEA Limited’s Series E fund.
Rise of corporate venture capital
SVCA’S director expressed caution saying that this is a double-edged sword. “Whilst PES and VCS may find increasing competition from corporates willing to invest at heightened valuations due to perceived synergies, this growing interest of corporate investors from China, Japan, and the US could also pave the exit routes for PES and VCS looking to divest their stakes,” said Yee. “The rise of CVCS in later rounds of financing is also a boon for VCS in Southeast Asia, typically with limited fund sizes of less than US$100M. and hence may not have sufficient capital to continue support in later financing rounds,” she noted. (For more stories on funding, see page 20)
KPMG’S venture Pulse 2017 revealed that Singapore’s venture investments totalled US$725.3M in the second quarter of this year.
Source: Preqin and Singapore Venture Capital Association