India
IFC has also proposed to invest $40m in the same vehicle.
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Singapore
The extension was led by CMB International and SMBC Asia Rising Fund.
Malaysia
The additional investment in PolicyStreet comes from impact investor BlueOrchard.
Elevation Capital Fund IX will primarily back seed and Series A startups.
Existing investors iGlobe Partners and OCBC’s LionX Ventures participated.
The Temasek-backed company is understood to have raised over $150 million to date.
The new funds may remain connected to the broader BEENEXT platform.
The latest vehicle is nearly double the size of its $254-million predecessor.
VC activity in the region remains in reset mode.
World
The round was co-anchored by AVP, Atinum Investment, and GFT Ventures.
