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Today: May 13, 2024
January 18, 2024
1 min read

EDBI Backs AlphaSense, Blue Earth Capital Raises $378M for Climate Impact

TLDR:

  • Singapore-based investor EDBI has invested in AlphaSense’s Series E funding round, which aims to provide market intelligence and search tools for financial services and enterprises.
  • Blue Earth Capital has secured $378 million in investor commitments for its private equity climate impact strategy, which will fund growth-stage companies addressing climate change.
  • Saudi Arabian energy company Aramco has allocated an additional $4 billion to its venture capital arm, Aramco Ventures, to support innovations in the energy transition.
  • Malaysia’s Techna-X is acquiring a 51% stake in IT firm Netsec to establish a joint venture targeting growth opportunities in Southeast Asia’s cybersecurity sector.
  • In China, companies including Zhongshang Technology, Linghao Network Technology, UniXDE, Yuanda Traditional Chinese Medicine, and Orcauboat have recently secured funding deals.
  • In India, Fetcch, Jeh Aerospace, International Battery Company, Upswing Financial Technologies, Medial, The Renal Project, ZestMoney, Nazara Technologies, and StockGro have all completed funding rounds.

Singapore-based investor EDBI has participated in AlphaSense’s Series E funding round. AlphaSense is a market intelligence and search platform that provides tools for the financial services industry and enterprises. The funding will support the development of AlphaSense’s artificial intelligence-based platform. Blue Earth Capital, an impact investment firm, has secured $378 million in commitments for its private equity climate impact strategy. The funding will be used to support growth-stage companies that are addressing the impacts of climate change and will provide essential funding for their expansion and development. Saudi Arabian energy company Aramco has allocated an additional $4 billion to its venture capital arm, Aramco Ventures. The funding will be used to support innovations in the energy transition and contribute to Aramco’s long-term objectives. Malaysia’s Techna-X is set to acquire a 51% stake in IT firm Netsec to form a joint venture. The two companies plan to leverage their combined expertise to target growth opportunities in Southeast Asia’s cybersecurity sector. In China, recent funding deals include Beijing-based Zhongshang Technology’s pre-Series A+ funding round, Hangzhou-based Linghao Network Technology’s pre-Series A funding round, and UniXDE’s Series A funding round. These companies are focused on technology development and innovation, particularly in the areas of new energy, materials, art collection and trading, simulation-based optimization, and traditional Chinese medicine. In India, Fetcch, Jeh Aerospace, International Battery Company, Upswing Financial Technologies, and Medial have all completed funding rounds. These companies are active in the fields of Web3 payments and rewards infrastructure, aerospace manufacturing, rechargeable lithium-ion batteries, open finance, and social media.

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