Hot Deals: Doxa Clinches Funding for $173M Fund & More

Singapore-based fintech startup Doxa Holdings has secured an undisclosed amount of funding from Cento Ventures. Doxa specializes in a digital procurement platform for the supply chain sector, connecting buyers, suppliers, and financiers through its Doxa Connex platform. The company plans to expand into new industries and geographies with the funding. Singaporean state-owned investor Temasek Holdings has partnered with Japan’s Norinchukin Bank to anchor a $173 million fund aimed at investing in agritech and food tech startups across the Asia Pacific. Managed by Seviora Capital, a Temasek subsidiary, the fund will support initiatives focused on decarbonization and sustainable transformation in the food and agriculture sectors. Netherland-based investment firm Orient Growth Ventures has closed its second fund at $90 million. The fund will be used to continue investments in venture capital managers in India and Southeast Asia. Orient Growth Ventures has already supported more than 20 venture capital funds in the region. China-focused private equity firm Hillhouse Investment has acquired InCorp Global, a Singapore-headquartered company that provides corporate solutions and professional services. Hillhouse’s investment will enable InCorp to expand its service capabilities and capitalize on opportunities in the Asia Pacific and Europe. Digital World Acquisition Corporation (DWAC), the acquisition company set to take Donald Trump’s social media platform public, is reportedly close to completing a $50 million financing deal. DWAC previously raised $300 million through its IPO, with funds designated to be transferred to Trump Media and Technology Group upon completion of the merger. In India, Bombay Shirt Company has secured $3.2 million in bridge funding, Neodocs has raised $2 million in a seed funding round, VerSe Innovation has raised debt funding from Alteria Capital, Attentive has secured $7 million in a Series A round, and Ivory has raised $500,000 in funding.