SeaTown Holdings International, an investment company with an emphasis on Asia and controlled by Seviora, the asset management branch of Temasek, the state-owned investment corporation in Singapore, is in charge of managing the SeaTown Private Capital Master Fund.

Established in 2016, Linnovate provides fund administration and asset servicing solutions to the investment sector. It claims to provide "all the functions of alternative investing in a single ecosystem" through its cloud-based, proprietary platform, RAISE.

The company states that it manages assets totaling more than $130 billion for more than 600 venture capital and private equity groups.

According to Linnovate, the company is seeing "rapid growth and increasing demand for its tech-enabled services," and the funding infusion will allow it to expand its business and enhance its product line.

Henry Lin, founder and CEO of Linnovate Partners, has commented on the new funding, stating that it would be "instrumental in accelerating our growth trajectory, providing us with the necessary resources to enhance our service offering."

Dickson Loo, MD of SeaTown, continues, saying that his organization intends to use its “network, resources and expertise” to assist Linnovate in reaching new heights.

Check out our most recent In Case You Missed It (ICYMI) fundraising round-up for more details on recent funding announcements.