TLDR:
- Blitz Electric Mobility raised USD 1.6 million in an extension to its seed round.
- B Capital secured USD 750 million for its new fund focusing on later-stage companies in technology, healthcare, and climate tech sectors.
In the latest funding deals in the Asia Pacific, Blitz Electric Mobility, an Indonesia-based solutions provider for electric vehicle adopters in the logistics sector, has completed the extension of its oversubscribed seed funding round, raising USD 1.6 million from various investors. The company aims to expand its presence in Indonesia and venture into carbon credit trading.
Meanwhile, B Capital, founded by Facebook co-founder Eduardo Saverin, has closed its second Opportunities Fund, securing USD 750 million in commitments. The fund will focus on investing in later-stage companies in technology, healthcare, and climate tech sectors in North America and Asia, with a majority of the funds going to existing portfolio companies.
Other notable deals in the region include the launch of the Inevitable Games Fund, a USD 100 million fund focused on premier game studios and Web3 infrastructure, and various funding rounds completed by companies in China and India.
