Deals
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The Series B funding round was led by San Francisco-based The General Partnership.
The investment covers 7 and 9 Changi Business Park Crescent.
It also includes a long-term strategic distribution agreement with UOB.
Private Equity
Sale may contain stakes in funds managed by Thoma Bravo, KKR, and TPG Asia.
IPOs & Markets
The company is also close to completing a pre-IPO fundraising of about $5 million.
Analysis
Grab’s gross loan portfolio nearly tripled to $2.32b after consolidating Superbank.
People
SeaX Ventures has appointed Desney Tan as venture partner, while Sygnum has named Reto Marx as Singapore CEO.
Integra Partners led the equity portion of the round, while InnoVen Capital provided venture debt.
Sqreem’s total paid-up capital since inception now stands at $50.6m.
