Unpacking this Indonesian investment firm’s plan for 2023

More: Malaysia plans to boost its agriculture, and Binance is downsizing. [Read from your browser]( Daily Newsletter --------------------------------------------------------------- Welcome to Tech in Asia's free Daily Newsletter! Get full access to our subscribers-only Daily Newsletter and other insightful analysis on the big and messy topics of Asia’s tech and startup community by [registering here](. --------------------------------------------------------------- IN FOCUS In today's newsletter, we look at: - [The investment plans of Indonesia-based Venturra for 2023]( - Singapore-based Nansen axes 30% of workforce - Other newsy highlights such as Malaysia planning to boost its agriculture and Binance downsizing --------------------------------------------------------------- Hello {NAME} Despite current market headwinds pressuring investors to pull back funds and set higher screening criteria for startups, a handful of industries are still thriving. The most obvious one is AI, which is undergoing a gold rush. While AI is grabbing headlines, climate tech has been charting its own revival this year. Fueled by government support and consumer demand for sustainable solutions, the sector is reshaping the landscape of environmental sustainability and innovation. One driving force behind its rise is the increasing recognition of the economic opportunities related to sustainability. In fact, at the end of last year, climate tech funds had about US$37 billion of dry powder ready to deploy. Now, Indonesia-based Venturra is looking to jump on the bandwagon. With notable exits that include Grab, fintech firm Fave, and beauty commerce startup Sociolla, the early-stage investment firm has cast its gaze on the sector as it prepares to launch its third fund. Raditya Pramana, managing partner at Venturra, shares his views on the investment outlook in Indonesia, the potential of climate tech in the archipelago, the evolving role of VCs in startup ecosystems, and much more in today’s featured piece. -- Shravanth  ---------------------------------------------------------------  THE BIG STORY [Venturra aiming for 8 to 12 deals in 2023]( The Indonesia-based, sector-agnostic VC firm has released a report on climate tech in Southeast Asia and is seeking out entrepreneurs in the industry. --------------------------------------------------------------- TRENDING NEWS [SG blockchain intelligence firm Nansen lays off 30% of staff]( However, its CEO Alex Svanevik said Nansen has “several years of runway” and is focused on building a “sustainable business.” [Malaysia aims to improve agriculture sector through alternative financing]( Of the 7,000 MSMEs that raised alternative funding from the government, only 600 were agriculture-related, Securities Commission Malaysia chair said. [TikTok CEO to lead new app Lemon8: report]( Lemon8 head Stephanie Cheng is also moving from China to Singapore to avoid potential backlash, reported The Information. [Binance conducts layoffs amid crypto market downturn]( However, the cryptocurrency exchange notes that it’s still seeking to fill hundreds of open roles. ---------------------------------------------------------------  LISTICLE OF THE DAY [VC funds tracker: Baidu launches $140m generative AI fund]( Fundraising is difficult. To make things easier, we have compiled a detailed list of the most recent VC funds for our subscribers. ---------------------------------------------------------------  PRESS PEEKS The following press releases were published as they were received, without any editing from the Tech in Asia team. You too can publish your own press release on Tech in Asia by simply filling in [this form](. Our team will get back to you by the next business day. - twimbit - [twimbit launches Ask twimbit, an intelligence tool powered by ChatGPT to empower members with cutting-edge research in an intuitive way.]( ---------------------------------------------------------------  EVENTS HAPPENING You can also check out a curated list of trending tech events [over here](. - [Tech in Asia’s Founders Meetup: Vietnam on June 28]( Our networking event, Founders Meetup: Vietnam, is happening in Ho Chi Minh City on June 28 at The Sentry, 2/F Sonatus Building. Join us and share the hardest challenges you’ve faced as a founder. To help you find solutions, we’ll introduce you to fellow founders who have been there and done that. Register today! ---------------------------------------------------------------  WHO'S HIRING You can post a job [here]( or search for jobs [here](. - [Venture Development Intern]( at Propseller Singapore, Singapore - [Remedial Manager]( at Moladin Digital Indonesia Jakarta, Indonesia - [Sales Representative]( at AlemHealth, Ltd. Singapore, Singapore - [Social Media Sales Executive]( at ACCSS Digital Sdn Bhd Kuala Lumpur, Malaysia - [Finance - Accounting & Tax Executive]( at Redwoods Digital Tangerang, Indonesia - [Business Development Associate/Senior Associate]( at Deliveree Indonesia Jakarta, Indonesia [ADVERTISE]( | [SUBSCRIBE]( P.S. Don't miss out on the biggest tech news and analysis. Add newsletter@techinasia.com to your address book, contacts, or safe sender list. Or simply move us into your inbox. Tech in Asia thanks our partners for supporting our newsletters. Sponsorship has no influence on editorial content. Too many emails? 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