Daily Briefing: Temasek joins US$166m funding round for MMA firm; VC firm Monk's Hill eyes $207.6m in second fundraising

And here’s a new crypto-exchange which allows conversion of SGD, MYR, and INR.

From e27:

Temasek took part in the Sequoia-led US$166m Series D funding round for Singaporean mixed martial arts firm ONE Championship.

“This equity investment further solidifies ONE’s dominant market leadership position in the sports media industry in Asia,” ONE Championship said in a press statement.

Other new investors such as Greenoaks Capital, and other institutional investors also participated in the funding round, which the company said has put its total capital base to exceed US$250m.

Based in Singapore, ONE Championship hosts martial arts entertainment events across Asia, featuring various kinds of martial arts such as muay thai, kickboxing, silat, and kungfu.

The company has previously raised funding rounds from Sequoia India in 2017 and Heliconia Capital Management in 2016.

Read more here.

From Deal Street Asia:

Venture capital (VC) firm Monk’s Hill targets $207.6m (US$150m) for its second venture capital fund, the firm revealed in a SEC filing.

According to an executive familiar with its fundraising plans, the VC has set the fund’s hard cap at ($207.6m) US$150m, adding a $41.53m (US$30m) buffer to its initial target of $166m (US$120m).

Deal Street Asia had last reported that the Singapore venture capital firm was nearing the first close for its second vehicle at $50 million. A final close is targeted for the first half of 2019. Monk’s Hill’s second fund targets early-stage and Series A and B investments and seeks to back companies wanting to expand in Asia. Its second vehicle is about 50% larger than its maiden fund. The VC closed its first fund at $85-million in 2016.

Read more here.

From Tech In Asia:

A Singapore-based fiat-crypto exchange EurekaPro that enables holders of the Singapore dollar, Malaysian ringgit, Indonesian rupiah, and other Asian fiat currencies to transact was launched.

EurekaPro has already launched an open public beta, in which over 8,000 users have signed up in its first week.

Eu, the exchange’s CEO, was previously the investment manager of zVentures, the venture capital arm of US- and Singapore-based gaming hardware and software firm Razer. Before that, she was an investment manager at VC firm Jafco Asia.

Read more here.

The people you want to reach are already in this room.

Every quarter, SBR lands on the desks of the founders, CFOs, and directors running Asia's most consequential companies. Every day, they open our newsletter and read our website. It's a room that took twenty years to build — and it's the one most of our partners are trying to get into.

The good news is that the door is open. We work with companies on thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The shape of the right partnership depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.

If you have something this room should know about, tell us. We'll tell you honestly whether we can help, and how.

No rate cards until we understand the brief. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia