Carlyle announced last week that Lee would step down as CEO without a replacement lined up.
Indonesian MSME enabler Majoo raises $10m in Series A funding
India's Yulu Bikes in talks with Canada's Magna to raise funds for new battery entity
India, SE Asia are global bright spots for growth, says General Atlantic's Sandeep Naik
The LP View: PTT banks on its VC network for seamless due diligence
Bukalapak-backer Spiral Ventures targets to raise over $30m for fourth vehicle
JD-backed GigaCloud Technology trims US IPO target to $28m
Philippine e-commerce startup edamama pockets $20m Series A led by Alpha JWC
Sinar Mas invests $250m in e-wallet startup DANA, Lazada finalises deal too
Gaw Capital eyes real estate venture opportunities in Southeast Asia
Indonesian conglomerate Emtek mulls IPO for OTT platform Vidio
Jittery venture capital investors urge founders to make more concessions.
Musk and Twitter head to trial on Oct 17
High-profile companies such as Stripe, Klarna and Instacart have seen valuations fall by a peg or two this year
The fund – 23S Capital – will target long-term investments in high-growth sectors of the Brazilian economy.
Unity’s software is used in video games like Tencent’s “Honor of Kings”
CEO Evan Spiegel had told employees in May that the company will slow hiring for this year.
A week before it was hacked, Nomad had raised $22.4m from Coinbase and other investors.
Musk also challenged Twitter CEO Parag Agrawal to a debate on the share of bots on the platform.
Lee has also stepped down as a board member