Investment in healthcare, education, finance is promoted
Do Ventures made in investment in the education platform VUIHOC
Recently, venture capital fund Do Ventures has just announced an investment in VUIHOC. This is an online education platform focused on elementary school. This platform helps students early improve their self-study and mastery of knowledge. This is the first funding round of edtech startup VUIHOC after two years of operation. This is also the fifth investment of Do Ventures since its inception, after F99, Palexy, Manabie, and MFast.
Insignia Ventures made an investment in the healthcare platform Medici
Recently, healthcare platform Medici completed a funding round. This seed round was led by Insignia Ventures. This new investment will help Medici break into the insurance market. This is where it can act as a bridge between the insurance company and the end user. Medici provides guidance, suggestions for end users to make correct financial decisions.
SHB sold SHB Finance to Krungsri Thailand
SHB is Saigon – Hanoi Commercial Joint Stock Bank. On August 25, 2021, this bank announced the sale of 100% of SHB Finance’s charter capital to Krungsri. This partner is the Bank of Ayudhya Public Company Limited. This is the fifth largest financial group in Thailand in terms of total assets, outstanding loans and deposits. Mitsubishi UFJ Financial Group (MUFG) also holds 76.88% of the capital. MUFG is the largest financial group in Japan. The group is also one of the largest financial groups in the world. The deal value was not disclosed. The agreement brought a significant capital surplus for SHB shareholders. This helps to improve the financial capacity and position of SHB. Krungsri will spend 5.1 billion Thai baht, or $156 million, on the deal.
YGG offered digital cryptocurrency for sale
Yield Guild Games (YGG) is a blockchain-based gaming startup based in the Philippines. This startup just sold 25 million tokens in 31 seconds and raised nearly $12.5 million in Coin. This is a digital cryptocurrency pegged to the US dollar. YGG offers tokens through the open source smart contract trading platform MISO. This platform belongs to the SushiSwap exchange. YGG just debuted in December 2020. This startup also raised $4.6 million not too long ago. The round was led by venture capital magnate Andreessen Horowitz.
Sources of information include DealstreetAsia, e27, và TechInAsia.
