Daily Briefing: HDB to offer 7,800 BTO flats in August sales exercise; XA Network invests in Vertex Ventures' $428.39m fund IV

And Singtel Innov8 backs $73.04m series D in Synack.

From Property Guru:

The Housing and Development Board (HDB) will combine the Build-To-Order (BTO) exercise originally set for launch in May with the August BTO exercise, according to an announcement.

This means HDB will offer around 7,800 BTO flats in Bishan, Ang Mo Kio, Geylang, Choa Chu Kang, Tampines, Pasir Ris, Woodlands and Tengah in August.

It will also offer around 5,700 flats in Sembawang, Bishan, Tengah, Tampines and Toa Payoh in November. The BTO units in Tampines North and Choa Chu Kang from the August exercise and those in Tengah from the November exercise will have shorter waiting times.

With Singapore resuming economic and business activities in phases from 2 June, HDB announced that it will gradually resume selected customer-facing services and operations as well as calibrate the restart of construction activities that were allowed by the Multi-Ministry Taskforce.

Read more here:

From e27:

XA Network, an investment network comprising senior executives from leading global and regional technology companies, has invested an undisclosed amount in Vertex Ventures’ fourth fund, according to an announcement.

The $428.39m (US$305m) fund aims to back series A and B startups in Southeast Asia and India.

As part of the partnership, Vertex will be able to access XA’s deep-tech expertise and vast talent network to support its investments and portfolio companies. In return, Vertex will provide XA insights from a global investor’s perspective and access to its affiliates from Silicon Valley, China, Israel, Southeast Asia and India.

Vertex is a global investment firm backed by sovereign wealth fund Temasek and focuses on series A and B deals with portfolio firms, including Grab, InstaRem, PatSnap and kids e-commerce firm FirstCry.

Read more here. 

From Deal Street Asia:

Singtel group subsidiary Singtel Innov8 has backed a $73.04m (US$52m) series D funding round for US-based security company Synack, Inc., according to an announcement.

The round, which was co-led by B Capital Group and C5 Capital, brings the startup’s total funding to $157.45m (US$112.1m) to date.

Previous investors GGV Capital, GV (formerly Google Ventures), Hewlett Packard Enterprise, Icon Ventures, Intel Capital, Kleiner Perkins, and Microsoft’s venture fund M12 also participated in the financing.

Synack said it will use the money to expand internationally, continue innovating and improve security for everyone.

Singtel Innov8 also backed a $98.32m (US$70m) series D funding in US-based cloud startup, Bitglass.

Read more here.