(L-R) Sara Lamsam and Thanapong Na Ranong
Beacon VC invests in Pantera Blockchain Fund
The crux: Beacon VC and Fuchsia VC, the corporate VC arms of Kasikornbank and Muang Thai Group Holding (an affiliate of Kasikornbank), respectively, have invested in US-based Pantera Capital’s new blockchain fund.
Pantera Blockchain Fund is Beacon VC’s fourth investment outside of Thailand, after Southeast Asia-based Integra Partners, Singapore-based Vertex Ventures, and US-based NYCA Partners.
The fund intends to cover the entire spectrum of blockchain assets. It will be exposed to digital asset and blockchain markets through the investment primarily in venture equity and early-stage.
Also Read: Beacon VC joins construction-tech firm Builk’s Series B round to help it with ASEAN expansion
Pantera Blockchain Fund targets to raise US$600 million.
More about Pantera: Founded in 2003 by Dan Morehead, Pantera Capital invests exclusively in equity and tokens related to blockchain and digital assets. It received investments from a global network of more than 950 institutional investors and high-net-worth individuals.
SG startup Yugo secures US$300K to launch mobile app
The crux: Singapore-based Yugo Global Industries has raised US$300,000 in capital.
Investors: Angel investors based in Texas, Seoul, and Paris; and three family offices, namely Bellone Invest (Estonia), Negocia Capital (Singapore) and LCH Investment (Cambodia).
Plans: To launch Yugo’s app on Android and iOS by year-end.
More about Yugo: Yugo enables aviation companies to optimise their fleet inventory of private jets and helicopters by connecting members with the most suitable aircraft for travel needs. Established in early 2020, Yugo regionally operates its on-demand proprietary digital booking system across Singapore, Malaysia, the Philippines, Cambodia, Thailand and Indonesia.
Yugo has organised flights in Asia and Europe and is now looking to raise a Seed fundraising to increase digitalisation.
The company offers all-in exclusive package deals including private flights, stay-ins, special activities and in-flight customisation.
A privatised King Air Beechcraft from Textron Aviation, with eight seats costs US$3,000 per hour. The private aircraft can fly from Phnom Penh to Bangkok for US$10,000+ for eight passengers.
Its current international routes include, for instance, Kuala Lumpur to Dubai. Other popular routes are Jakarta to Dubai, Manila to Melbourne or Phnom Penh to Bangkok, Guangzhou, and Hong Kong.
—
Ready to meet new startups to invest in? We have more than hundreds of startups ready to connect with potential investors on our platform. Create or claim your Investor profile today and turn on e27 Connect to receive requests and fundraising information from them.
Image Credit: Beacon VC
The post In brief: Beacon VC invests in US blockchain fund; Yugo Private Aviation raises US$300K appeared first on e27.