Grab announces plans for an additional $2 billion in its ongoing Series H; eyes acquisition as key next step

April 16, 2019
CPG More...
Asset Management More...
Investment More...
Very important

It's nearly impossible to follow Grab's funding round from 2018 that has trickled into 2019 for a reported total of $6.5 billion, including the $2 billion that's planned for the remainder of this year. Grab and Go-Jek are driving up numbers from Southeast Asia's tech VC scene, which have continued to rise since 2017. This time, however, Grab CEO Anthony Tan stated that the company's Series H will go toward a series of acquisitions as the company transitions into its next phase of growth. With partnerships in financial services, insurance, and tourism and continued backing from loose spender SoftBank Vision Fund, it remains to be seen where Grab will make its first strategic acquisition, but it will unlikely be about the vehicle itself.

For the original news article, click here .

Further Reading

Breakthrough Energy Ventures raises second $1 billion fund, targeting 40 to 50 startups with emphasis on hard-to-decarbonize sectors

News Commentary | January 19, 2021

Since its first fund in 2015, BEV has invested in 30 startups across a range of technology areas. Key startups backed by BEV include Boston Metal, CarbonCure, Pivot Bio, Form Energy, and Nature's Fynd. With the recent SPAC craze driving up valuations of startups in the cleantech space, there is ... Not part of subscription

Grab goes public in largest SPAC deal as merger talks with Gojek fail

News Commentary | April 08, 2021

Several rounds of rumors had suggested Grab and Gojek were nearing a merger. In a turn of events, Grab, Southeast Asia's largest startup, will likely raise more than $2 billion in funding by going public via the SPAC model through Altimeter. Financing from Ant Financial fell through along with the ... To read more, click here.

TDK Ventures closes $150 million VC fund to build on the success of its first fund

News Commentary | April 19, 2021

TDK Ventures will continue to focus on cleantech, advanced materials, robotics, autonomous vehicles, and healthcare. Since 2019, the fund has been involved in approximately $500 million in deals across 14 startups (based on publicly disclosed deals), including GenCell, Origin, and SLD Laser, which ... Not part of subscription