• Monashees raises $150 million for its eighth Brazilian fund

    12 days ago - By Tech Crunch

    As technology investment and exits continue to rise across Brazil, early stage venture capital firm monashees today announced that it has closed on $150 million for its eighth investment fund.
    Commitments came from Temasek, the sovereign wealth fund affiliated with the Singaporean government, China's financial technology company, CreditEase; Instagram co-founder Mike Krieger, the University of Minnesota endowment; and fund-of-funds investor Horsley Bridge Partners.
    S-Cubed Capital, the family office of former Sequoia Capital partner, Mark Stevens, and fifteen high net worth Brazilian...
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  • Hyundai and Kia invest $250 million in Southeast Asia ride sharer Grab

    12 days ago - By Fast Company

    The trio's goal is to increase EV usage throughout the region and to “maximize cost efficiencies for Grab's driver-partners.”
    That means the Singapore-based ride sharer has brought in $2.7 billion in investment to date, reports CNBC. Hyundai and Grab said that, together with Kia, they will also set up a partnership to pilot electrical vehicle programs throughout the Southeast Asia region. The goal is to increase EV usage throughout the region and to “maximize cost efficiencies for Grab's driver-partners.”
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  • Grab raises $250 million from Hyundai and will partner on electric vehicles for SE Asia

    Grab raises $250 million from Hyundai and will partner on electric vehicles for SE Asia

    12 days ago - By Venture Beat

    Singapore-based Grab announced today that it has received a $250 million investment from Hyundai Motor Group, an infusion that brings its latest round of venture capital to $2.7 billlion. In addition, Grab said it will partner with Hyundai to develop electrical vehicle pilot progrems across the eight countries it serves in Southeast Asia. “As...
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