Khazanah leads $170m fundraising for Garena

Southeast Asia’s largest internet and mobile platform company will use the capital to boost its online marketplace and payments platform.

Garena Interactive, Southeast Asia’s largest internet and mobile platform company, said on Thursday it had raised $170 million from investors including Malaysia’s wealth fund Khazanah.

Headquartered in Singapore, Garena operates across three major internet categories digital content, marketplace ecommerce, and electronic payments.

Khazanah led the series D funding round. It joins existing investors in Garena including General Atlantic, the Ontario Teachers’ Pension Plan, and Keytone Ventures.

Garena represented the first Southeast Asia internet investment for each of these firms. In total, Garena has now raised over $500 million from investors to support its growth.

Founded in 2009, Garena has achieved...

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