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UltraGreen.ai secures US$188 million investment round led by 65 Equity Partners and Vitruvian Partners

UltraGreen.ai secures US$188 million investment round led by 65 Equity Partners and Vitruvian Partners

By Swedan Margen

Fashion

UltraGreen.ai has secured a US$188 million investment round led by 65 Equity Partners and Vitruvian Partners.

Other investors in the round include August Global Partners, and the funding will support UltraGreen.ai’s next phase of growth. The company’s valuation stands at US$1.3 billion after this funding round.

65 Equity Partners as a strategic investor will aid the company’s expansion in Asia.

“We believe the investment also aligns seamlessly with our strategic expansion and diversification, particularly in Asia,” said Ravinder Sajwan, chief executive officer of UltraGreen.ai.

The investment by 65 Equity Partners will be from the Anchor Fund, with the mandate of funding high growth or market leaders to eventually list on the Singapore Exchange.

Originally published by businesstimes.com.sg. Syndicated material does not necessarily reflect the views of Grazia British.

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