DBS Partners with Granite Asia, Closes $110 Million AI IPO Fund for Wealth Clients

DBS partners with Granite Asia, closes $110 million AI IPO fund for wealth clients

Singapore's biggest bank, DBS Group , said on Monday it had formed a three-year partnership with investment firm Granite Asia to roll out investment products for DBS wealth clients and provide financing and deal support to fast-growing Asian companies.

AI-driven businesses in Asia to get more support as DBS partners Granite Asia

The tie-up comes at a time when listings are returning to Asia’s equity markets Read more at straitstimes.com.

DBS, Southeast Asia’s largest bank, partners with VC giant Granite Asia to counter the region's lack of capital

The partnership launches with a new $110 million fund, exclusively for DBS's wealth clients, that targets IPO-stage AI and tech startups in the region.

Deals in brief: Eezee and Diaflow raise funding, VentureTech backs two Malaysian firms, DBS launches AI-focused IPO fund with Granite Asia, and more

Eezee raises USD 5 million to scale procurement tools across Southeast Asia Eezee, a Singapore-based procurement and supply chain platform focused on enterprise tail spend, has raised USD 5 million in a pre-Series B funding round led by Korea Investment Partners. Existing backers Kickstart Ventures and Wavemaker Ventures also participated, alongside several other investors. The company said the oversubscribed round will support its regional expa…

DBS and Granite Asia partner to launch $110M AI IPO fund for Asia’s next generation companies

DBS, a Singapore-based bank, and Granite Asia, a multi-asset investment platform, have partnered to launch $110 million artificial intelligence (AI) initial public offering (IPO) fund to to accelerate growth of Asia’s next generation companies. The duo said in a statement on Monday that they are partnering to develop innovative investment and financing solutions, broaden access to capital and provide strategic support to high-growth Asian compan…

DBS and Granite Asia Launch US$110 Million AI IPO Fund

DBS and Granite Asia have kicked off a three-year partnership with the closing of a US$110 million AI-focused IPO fund targeting Asia’s next wave of tech listings. The fund, distributed exclusively to DBS wealth clients, invests in the initial public offerings of AI-driven companies in Asia. Granite Asia said the vehicle drew investors from Southeast Asia, South Asia and Europe. It provides exposure at the point of listing and supports the regio…