Singapore's Insignia raises $516m for ASEAN startups, eyeing Web3

08/01 00:34

According to NikkeiAsia, Singapore-based venture capital firm Insignia Ventures Partners said Monday that it has raised $516 million to invest in startups across Southeast Asia. Insignia said it will be more aggressively investing in such "next-decade sunrise sectors" as Web3 -- the proposed next-generation internet using blockchain technology -- as well as climate technology, health care and agriculture. It has already invested in cryptocurrency payment startup TripleA and blockchain game platform Particle Network.
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