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J INTS BIO Presents Research Results for Next-Generation Innovative Anticancer Therapeutics ‘JIN-A02’ and ‘JIN-001’ at AACR 2025

SEOUL, South Korea, April 30, 2025 /PRNewswire/ — J INTS BIO, a company specializing in anticancer and orphan drugs, announced its research findings for the next-generation EGFR-TKI therapeutic ‘JIN-A02’ (clinical Phase 1/2 results) and the ovarian cancer treatment candidate ‘JIN-001’ (preclinical results) at the American Association for Cancer Research (AACR) 2025, held in Chicago from April 25 to 30. In this presentation, J INTS BIO demonstrated its innovative drug development capabilities on a global stage, attracting significant attention from both academia and the industry.

Professor Byoung Chul Cho from Yonsei Cancer Center is presenting a poster at AACR on the phase 1/2 clinical trial of ‘JIN-A02’, a next-generation oral EGFR-TKI. (Photo = J INTS BIO)
Professor Byoung Chul Cho from Yonsei Cancer Center is presenting a poster at AACR on the phase 1/2 clinical trial of ‘JIN-A02’, a next-generation oral EGFR-TKI. (Photo = J INTS BIO)

‘JIN-A02’: New Hope for Overcoming Resistance – 4th Generation EGFR-TKI Clinical Results

Non-small cell lung cancer (NSCLC) accounts for approximately 85% of all lung cancer cases worldwide, and among these, EGFR mutations are considered a major therapeutic target. JIN-A02, introduced at AACR 2025, showed outstanding therapeutic efficacy in patients who developed resistance to existing third-generation EGFR-TKIs. In particular, JIN-A02 demonstrated remarkable antitumor activity in patients with EGFR C797S mutation—currently a mutation for which no approved targeted therapies exist—thus opening a new avenue for treatment options.

In the clinical trial, a patient in the 300 mg cohort showed complete clearance of circulating tumor DNA (ctDNA) harboring either the C797S or Ex19del mutation, and ctDNA carrying the T790M mutation was reduced by over 90%. Clinically, a partial response (PR) was observed, with tumor size reductions of up to 39.7%, and notable shrinkage of intracranial metastatic lesions. These findings are particularly important for NSCLC patients, in whom brain metastases are common. Furthermore, no dose-limiting toxicities (DLTs) or serious adverse events were observed up to the 300 mg dose, highlighting the excellent safety profile of JIN-A02. This safety profile is expected to be particularly beneficial for patients requiring long-term treatment and combination therapies.

Currently, JIN-A02 is undergoing multinational clinical trials in Korea, the United States, Thailand, and other countries, and it is being closely watched as a potential groundbreaking treatment option for EGFR-mutant NSCLC patients.

‘JIN-001’: An Innovative New Drug Targeting Refractory Ovarian Cancer

Also presented was ‘JIN-001,’ J INTS BIO’s second-generation synthetic HSP90 inhibitor, developed as a new strategy to overcome resistance to existing ovarian cancer treatments. Ovarian cancer remains one of the deadliest gynecological malignancies, as it is often diagnosed at an advanced stage when effective treatment options are extremely limited.

The preclinical study demonstrated that JIN-001, when combined with the chemotherapeutic agent cisplatin, significantly enhanced tumor suppression compared to cisplatin alone. Notably, even at low concentrations (≤0.1 μM), JIN-001 enhanced the antitumor activity of cisplatin against both cisplatin-sensitive and cisplatin-resistant ovarian cancer cells, compared to cisplatin alone. Moreover, the combination therapy significantly reduced the expression of key signaling proteins related to cisplatin resistance, contributing to a sustained antitumor effect.

Based on these promising results, J INTS BIO is planning additional preclinical studies and aims to rapidly advance JIN-001 into clinical trials, with the goal of establishing a new standard of care for the treatment of refractory and multidrug-resistant ovarian cancer.

Led by the presentation at AACR 2025, J INTS BIO aims to further strengthen its competitiveness in the global oncology market and solidify its position as a frontrunner in next-generation anticancer drug development. The company also outlined its vision to continue delivering innovative therapies through ongoing research and development efforts, offering new hope to cancer patients worldwide.

Laos Seeks Solutions to Address New United States Tariff Hikes

Container terminal, Port of Manila. (Photo: PortCalls Asia on Unsplash)

Laos’ exports to the United States are expected to face significant impacts following the recently announced tariff increases, prompting the Lao government to seek urgent solutions.

Xaybandith Rasphone, Vice President of the Lao National Chamber of Commerce and Industry (LNCCI), stated that new United States tariff measures pose major concerns for Laos’ export sector, according to the Vientiane Times.

The official noted that despite the 90-day negotiation period and the marginally reduced rate of 10 percent afforded to Laos compared to other affected nations, the economic ramifications of the elevated reciprocal tariffs remained unavoidable.

Within the Association of Southeast Asian Nations (ASEAN), Laos currently faces the second-highest tariff increase at 48 percent, surpassed only by Cambodia. This substantial rate has generated considerable apprehension throughout the country’s export industries.

In response to this economic challenge, the Ministry of Industry and Commerce has initiated collaborative efforts with private sector representatives to formulate appropriate countermeasures.

Xaybandith noted that the government, in cooperation with industry stakeholders, had been conducting a comprehensive analysis of the situation since the tariffs were announced. He emphasized that the task force—comprising leading figures from the private sector—was consulting directly with export-oriented enterprises to craft practical solutions.

He also highlighted that bilateral trade between Laos and the United States reached approximately USD 500–600 million last fiscal year, driven in part by increased activity in special economic zones. This growth, he said, underscores what is at stake should trade relations be disrupted.

The chamber vice president stressed that the manufacturing sector would be hit particularly hard, as tariffs shift from single-digit to double-digit rates. He warned that such changes could threaten employment and slow investment if production operations are forced to pause.

According to Xaybandith, a key challenge for manufacturers lies in their substantial capital investment in production materials, costs that may become unsustainable if American importers reduce or suspend orders.

He further remarked that Laos’ commercial ties with U.S. partners represent years of development and mutual trust. Establishing similar relationships in alternative markets, he noted, would be both time-consuming and resource-intensive.

In closing, the LNCCI representative confirmed that the government intends to carry out detailed deliberations on possible solutions and will undertake a thorough analysis of trade volumes across individual product categories.

Benchmark ads in the Kantar Digital Creative Effectiveness Awards for APAC are built on meaningful moments

 L’Oréal Paris, Garnier and Mama Sita deliver the most creatively effective advertising in APAC

SINGAPORE, April 30, 2025 /PRNewswire/ — L’Oréal Paris was today awarded as the brand delivering the most creatively effective digital ad as judged by consumers in the 2025 Kantar Digital Creative Effectiveness Awards for APAC. The global skincare and cosmetics powerhouse connected with consumers with its ‘Revitalift Oil Control TikTok’ in Thailand.

The success of the L’Oréal Paris creative is due to it effectively leveraging platform-native nuances to drive intentional attention. It directed viewers focus exactly where it matters thus ensuring the message lands and the brand shone through it all. The portrayal of Thai actress and L’Oréal Paris’ spokesperson felt warm yet aspirational, creating a sense of shared intimacy that encouraged viewers to linger and connect.

“Overall, the content felt purpose-built for TikTok. It’s the type of content that feels right at home on the platform, so viewers are more likely to be drawn in, be entertained and enticed” says Irene Joshy, Kantar’s Head of Creative for APAC. “Having taken second place in the 2024 awards too, L’Oréal is a stellar example of a marketer who invests in consumer insights and creative development to guide creative choices that resonate in context.”

Garnier earned runner-up honours for its ‘Turbo Bright Double Action Face Wash’ ad, which resonated with Indian consumers by showcasing how the brand empowers men to navigate the challenges of urban life. Reflecting the relevance of maintaining one’s appearance while leading an active lifestyle amidst a polluted environment, the ad combined dynamic visuals, purposeful settings, and music tailored to appeal to the modern Indian man.

Mama Sita’s ‘Divers’ ad from The Philippines rounds up the top three. The ad delivered a humorous twist on food category tropes leading to a fun family moment. The light-hearted narrative, combined with mouth-watering visuals, created a joyful family moment that resonates deeply with Filipino viewers.

Overall, the 2025 winners represent a vibrant showcase of brands, categories, and markets all reflecting the rich diversity of the region. Each campaign is unique in how it makes meaningful moments matter with platform-first thinking through powerful storytelling with emotional clarity.

“Great advertising is not about the loudest voice or the flashiest display or the most impressive content partnerships; it’s about creating meaningful moments that resonate deeply, inspire action, and build lasting connections. Without this, brands are wasting precious dollars,” explains Irene.

Joshy also adds that the top-performing ads in the region share a common foundation: “The ads that resonated most with APAC consumers are built on five key tenets making moments more meaningful to build deeper audience connections and drive greater brand preference.”

How brands can create Meaning in Moments:

  • Strive  for intentional attention: Intentional attention is the reward for content that connects intuitively with consumers. It stops the scroll and gets them in the flow state of experiencing the content. The trigger- it entertains and fits in naturally in the context it is served.
  • Creating legacy through moments they own: The focus shifts from why consumers need a brand to what the brand meaningfully contributes to their lives – sometimes quietly working its magic in the background. These standout ads reframed brand heritage in emotionally resonant ways, weaving together themes like gratitude and care to create relevance and link it back to the brand’s story.
  • Putting the ‘me’ in meaning: being meaningful starts with the consumer reality. The most effective ads foster spaces where authentic emotional connections can emerge. The brand reminds us to connect, keep it real and make meaningful moments happen in our lives.
  • Deriving meaning through creative optimisation journeys – Success favours those that boldly optimise and never shy from gathering consumer content intelligence. Early testing translates into a 15 per cent greater likelihood of short-term sales uplift[1]so they start at a very early stage building strong ideas that become foundational for their content across media. These are the early birds that sing to the bank.
  • Meaningful Tech: Leveraging AI to experiment, innovate and learn – iteratively and at scale has proven to deliver full funnel impact to the pioneers. They have embraced technology and used it meaningfully, augmenting human and artificial intelligence for business success.

The uniqueness of the Kantar Creative Effectiveness Awards is that the winners are determined by real consumer feedback through Kantar’s LINK+ ad testing solution and qualitative evaluation of Kantar’s diverse creative experts based on analysis of over five hundred ads tested in 2024. LINK+ is independently validated to predict both short-term sales impact and long-term brand growth. Creatively effective ads identified through LINK+ are four times more likely to drive sales and deliver stronger returns on marketing investment[2].

The most creatively effective digital ads in APAC in 2024:

Rank

Country

Brand

Title

Agency

1

Thailand

L’Oréal Paris

Revitalift Oil Control TikTok

McCann Paris

2

India

Garnier Men

Turbo Bright Double Action Face Wash

Publicis Thailand

3

Philippines

Mama Sita

Divers

GIGIL

4

Vietnam

Heineken

Festive Fireworks

LePub Singapore

5

India

Coke

Janhvi Kapoor is ready to feel the #RealMagic

Ogilvy India

6

Japan

JBL

Japan Tour Pro

Havas

7

South Korea

LG

We don’t make life good, you do

TBWA / Chiat / Day

8

Thailand

S-Pure

The Best of S-Pure Farm to Your Table

Spa Hakuhoda

9

South Korea

Ballentines

Ballantine’s Time Well Spent with Hyun Bin

BBDO Korea

10

Thailand

Moccona

For Lovers of Coffee

Dentsu Thailand

APAC digital ads recognised in Kantar’s Global Creative Effectiveness Awards 2025

Three standout ads from the region were also celebrated in Kantar’s 2025 Global Creative Effectiveness Awards.  

Digital / Social Top 10:

Rank

Country

Brand

Title

Agency

3

USA

Tourism Australia

Colours of Australia, Taylor’s Version

Tourism Australia Social Media Team

9

Japan

Nikka Whisky

Savour the Joy of Life

Dentsu

LINK AI Tested:

Rank

Country

Brand

Title

Agency

9

Thailand

Maybelline New York

สวยทุกแสง All Lights I Shine – INK WARUNTORN [Official MV]

Soho Square

-ends-

1 Kantar LINK database
2 WARC and Kantar LINK research

About the Kantar Creative Effectiveness Awards

All the ads we showcase are brought to us by our clients and their agencies. We select our winners on a quantitative level from our LINK+ scores ‘as judged by the consumer’ and a qualitative level by review across the global creative team of our top scoring ads. Our LINK solution gives us benchmarked creative performance metrics and a validated predicted short-term sales lift, meaning our winners are a magic combination of creativity and effectiveness, driving sales and brand equity.

About Kantar

Kantar is the world’s leading marketing data and analytics business and an indispensable brand partner to the world’s top companies. We combine the most meaningful attitudinal and behavioural data with deep expertise and advanced analytics to uncover how people think and act. We help clients understand what has happened and why and how to shape the marketing strategies that shape their future. www.kantar.com

State Grid Wuzhong Power Supply Company is fully committed to supporting the construction of high-standard farmland, providing robust “electric power” for rural revitalization

WUZHONG, China, April 30, 2025 /PRNewswire/ — At the end of April, In the expansive fields of Wuzhong, the construction of high-standard farmland is proceeding at full speed. This initiative represents a strategic layout critical to ensuring food security and promoting rural revitalization. On this land brimming with promise, State Grid Wuzhong Power Supply Company has implemented robust measures and effective strategies to bolster construction efforts and illuminate the path toward rural revitalization.

The introduction of new electricity infrastructure empowers agricultural development by enhancing irrigation efficiency and alleviating farmers’ concerns. With the installation of seven new transformers, the 6,200 mu of farmland in Yangjiawan Village, Dingtanghe Town, Tongxin County no longer faces irrigation challenges. Ma Jun, Deputy Director of Yangjiawan Village, stood on the ridge of the field, gazing at the rows of newly installed transformers with evident joy and gratitude. Historically, inadequate irrigation water supply posed a significant challenge for villagers. Now, through their diligent efforts, the staff of Tongxin Yuhai Power Supply Station have brought renewed hope to this fertile land.

To ensure reliable power support for high-standard farmland construction, the team from Yuhai Power Supply Office conducts thorough field investigations, meticulous planning, and rigorous implementation. Despite challenging conditions, they work tirelessly day and night to guarantee precise installation and stable operation of every transformer. The commissioning of these new transformers not only improves irrigation efficiency but also scientifically ensures optimal crop growth cycles, laying a solid foundation for bountiful harvests.

In Hongshibao District, the progress of high-standard farmland construction is equally remarkable. Staff members from the Hongshibao Urban Power Supply Station traverse the fields, shouldering the responsibility of safeguarding electrical safety in agricultural areas. They conduct regular inspections and maintenance of water pumps and greenhouse electrical equipment, leaving no potential hazards unchecked. Their dedication, marked by tireless effort and commitment, underscores the importance of ensuring that every piece of equipment operates flawlessly, directly impacting farmers’ harvests and the broader goals of rural revitalization.

State Grid Wuzhong Power Supply Company remains steadfast in its mission to serve rural revitalization, viewing high-standard farmland construction as a cornerstone strategy. The company has established an advanced service mechanism characterized by “early connection and early planning,” actively collaborating with municipal and county-level agricultural and rural departments. By integrating power grid planning with high-standard farmland construction plans and formulating tailored power facility construction schemes on a “one village, one policy” basis, the company ensures synchronized design, construction, and commissioning of power facilities and farmland projects.

Relevant officials emphasized that State Grid Wuzhong Power Supply Company will focus on addressing weak links in power supply within high-standard farmland areas. Through standardized governance measures, they aim to enhance the construction and maintenance of power supply facilities, continuously optimize the layout of power infrastructure, and improve the quality of power supply services, thereby providing dependable power support for the ongoing development of high-standard farmland in the Wuzhong region.

Lao Troops Join Vietnam’s Parade Marking Fall of Saigon

Police parade passing the Reunification Hall, turn right onto Nam Ky Khoi Nghia - Dien Bien Phu - Hai Ba Trung street. (Photo: MINH HOA)

Tran Thi Minh Ha/AFP – On 30 April, the Lao People’s Army joined Vietnamese troops in a parade to mark the 50th anniversary of the fall of Saigon. It was Vietnam’s biggest celebration of the event so far and, for the first time, included Chinese soldiers following President Xi Jinping’s recent visit to strengthen ties between the two countries.

Galaxy Macau Celebrates 30 Years of China–Monaco Ties with the Spectacular ‘Galaxy Music Gala: A Musical Journey from Monaco to Macau’


MACAU SAR – Media OutReach Newswire – 30 April 2025 – In celebration of the 30th anniversary of diplomatic relations between China and Monaco, Galaxy Macau™ proudly presents the “Galaxy Music Gala: A Musical Journey from Monaco to Macau“. On May 21. This prestigious evening of classical music celebrates the deepening friendship between China and Monaco over the years with musical charm, further promoting exchanges and cooperation in cultural and other fields between Macau and Monaco, and contributing to establishing Macau as a platform for world-class cultural exchanges.

Zhang Zhang, the concertmaster and violinist, is one of the most influential Chinese artists in Western mainstream media today. She was invited by the Monaco royal family to perform for the leaders of China and Monaco during their high-level visit.
Zhang Zhang, the concertmaster and violinist, is one of the most influential Chinese artists in Western mainstream media today. She was invited by the Monaco royal family to perform for the leaders of China and Monaco during their high-level visit.

The concert features the internationally acclaimed Monaco Zhangomusiq Concertmasters Orchestra, bringing together world-class musicians from Monaco and France under the distinguished direction of Zhang Zhang, offering the audience a magnificent musical feast.

The Monaco Zhangomusiq Concertmasters Orchestra traces its origins to the Monaco Principality String Quartet, founded in 2001 as an ensemble dedicated to supporting cultural diplomacy initiatives for the Principality of Monaco. Over the years, the ensemble has accompanied ambassadors of the Principality on musical missions around the globe.

Zhang Zhang, is one of the most influential artists in Western mainstream media today. The first Chinese musician of the Monte Carlo philharmonic, she was invited by HSH Prince Albert II to perform for leaders of China and Monaco during the 2019 state visit. An award winning author and public personality, she has published dozens of articles for major French newspapers including Figaro, Le Point, Le Droit de Vivre. A social entrepreneur pioneering in musical philanthropy, she is also the president of the Skäl International Monaco tourism association, and the concertmaster of the Royal Opera of Versailles

In 2007, Zhang Zhang founded the non-governmental organization “Zhangomusiq,” enabling concerts to make immediate and tangible contributions to humanitarian, ecological, and educational projects around the world. On the occasion of the 30th anniversary of diplomatic relations between China and Monaco, she leads the Monaco Zhangomusiq Concertmasters Orchestra on a tour to China, supported by the Ministry of Tourism and Culture of Monaco.

The Galaxy Music Gala features an exceptional lineup of internationally renowned maestros, including conductor and guitarist Pablo Márquez and Andrea Cesari, principal horn of the Monte Carlo Philharmonic Orchestra, among others.

Pablo Márquez, celebrated as one of today’s most accomplished musicians, has had a remarkable career as both a guitarist and conductor, performing in prestigious venues and collaborating with many renowned orchestras in over 40 countries. Andrea Cesari, Horn Soloist, earned the title at the Audimozart! in the Mozart International Competition in 2008 for his exceptional interpretation of Mozart’s concertos, gaining widespread recognition.

The Argentinean/French conductor and guitarist Pablo Márquez is regarded as one of the most accomplished musicians of our time.
The Argentinean/French conductor and guitarist Pablo Márquez is regarded as one of the most accomplished musicians of our time.

The evening’s exquisite program will showcase several classic works, including Gordon Jacob’s Horn Concerto, performed by Andrea Cesari; Tchaikovsky’s beloved Serenade for Strings; and an Asia Premiere performance of Manuel de Falla’s Three Dances, specially arranged for guitar and string orchestra, featuring Pablo Márquez. This unique arrangement promises to offer a fresh and enriching musical experience.

Andrea Cesari, Horn Soloist, earned the title at the Audimozart! in the Mozart International Competition in 2008 for his exceptional interpretation of Mozart's concertos, gaining widespread recognition.
Andrea Cesari, Horn Soloist, earned the title at the Audimozart! in the Mozart International Competition in 2008 for his exceptional interpretation of Mozart’s concertos, gaining widespread recognition.

With a one night only performance, the melodies of the Mediterranean will resonate throughout Macau. This masterful evening of music and cross-cultural exchange will provide the audience with an extraordinary journey that celebrates the friendship between China and Monaco.

Galaxy Macau, a world-class luxury integrated resort, continues to host premier international cultural and artistic events. Following performances by legendary tenor Plácido Domingo, renowned pianist Lang Lang, and the beloved tenor Andrea Bocelli, Galaxy Music Gala: A Musical Journey from Monaco to Macau takes the stage as yet another remarkable musical celebration that solidifies Macau’s development as a “City of Performing Arts,” further enhancing its reputation as a vibrant international metropolis.

Galaxy Music Gala: A Musical Journey from Monaco to Macau

Date: May 21, 2025
Time: 8:00pm
Venue: Galaxy Auditorium at Galaxy International Convention Center

Combining musical virtuosity, timeless melodies and state-of-the-art audio technology, the event will take place at Galaxy International Convention Center on May 21, 2025.
Combining musical virtuosity, timeless melodies and state-of-the-art audio technology, the event will take place at Galaxy International Convention Center on May 21, 2025.

Hashtag: #GalaxyMacau

The issuer is solely responsible for the content of this announcement.

About Galaxy Macau Integrated Resort

Galaxy Macau™, The World-class Luxury Integrated Resort delivers the “Most Spectacular Entertainment and Leisure Destination in the World”. Developed at an investment of HK$43 billion, the property covers 1.1 million-square-meter of unique entertainment and leisure attractions that are unlike anything else in Macau. Eight award-winning world-class luxury hotels provide close to 5,000 rooms, suites and villas. They include Banyan Tree Macau, Galaxy Hotel™, Hotel Okura Macau, JW Marriott Hotel Macau, The Ritz-Carlton, Macau, Broadway Hotel, Raffles at Galaxy Macau and Andaz Macau. Unique to Galaxy Macau, the 75,000-square-meter Grand Resort Deck features the world’s longest Skytop Adventure Rapids at 575-meters, the largest Skytop Wave Pool with waves up to 1.5-meters high and 150-meters pristine white sand beach. Two five-star spas from Banyan Tree Spa Macau and The Ritz-Carlton Spa, Macau help guests relax and rejuvenate.

As the dining destination in Asia, Galaxy Macau offers a wide variety of gastronomic delights, exquisite experiences and ingredients of the finest quality with over 120 dining options from Michelin dining to authentic delicacies; Galaxy Promenade is the hottest shopping destination featuring the latest in fashion and curated experiences in Macau. Spanning over 100,000-square-meter, luxury flagship stores, lifestyle boutiques and our selection of labels are among the more than 200 world-renowned brands for a world-class shopping journey; Galaxy Cinemas, immersive thrills and luxurious comfort go hand in hand at Galaxy Cinemas. All 10 theaters are equipped with the latest audio-visual technology; CHINA ROUGE, one-of-a-kind cabaret lounge that evokes the glamor of Shanghai’s golden era with stylish entertainment and customizable surrounds; and Foot Hub, which presents the traditional art of reflexology for authentic relaxation and revitalization. For Authentic Macau Flavours and Vibrant Asian Experiences, Broadway Macau – just a 90-second walk via a bridge from Galaxy Macau, has over 35 Authentic Macau & Asian Flavours at Broadway Food Street. The 2,500-seat Broadway Theatre plays host to world-class entertainers and a diverse array of cultural events. Meeting, incentive and banquet groups are also catered to with a portfolio of unique venues in Galaxy Macau and an expert service team.

Galaxy International Convention Center (GICC) is the latest addition to the Group’s ever-expanding integrated resort precinct and will usher in a new era for the MICE industry in Macau. GICC is a world-class event venue featuring 40,000-square-meters of total flexible MICE, and the 16,000-seat Galaxy Arena – the largest indoor arena in Macau.

For more details, please visit , and .

Cocoon Capital Announces First Close of USD 50 Million Fund III to Accelerate Southeast Asia’s Enterprise and Deep Tech Startups

SINGAPORE and NEW YORK, April 30, 2025 /PRNewswire/ — Cocoon Capital, one of Southeast Asia’s top-performing early-stage venture capital firms, today announced the first close of its third fund, Cocoon Capital Fund III, securing USD 30 million in commitments towards a target of USD 50 million. The new fund will continue the firm’s high-conviction strategy of backing the region’s most promising enterprise and deep tech startups from the earliest stages, combining capital with intensive hands-on support to help them scale globally.

Cocoon Capital partners Carol Cheung and Michael Blakey with investment director Zongxi Sia
Cocoon Capital partners Carol Cheung and Michael Blakey with investment director Zongxi Sia

In a region where investor returns are hard to come by, Cocoon Capital’s performance stands out. Fund I and Fund II are actively returning capital to investors and achieving a leading Distributed to Paid-In Capital (DPI) in the region. According to data insights firm Alternatives.pe, the second fund ranks among the top three performing VC funds in Southeast Asia by Internal Rate of Return (IRR). Cocoon’s track record of achieving DPI across all of its funds, clearly demonstrates its winning strategy of building businesses from Southeast Asia and exiting them globally.

“We chose to avoid chasing the hype around consumer tech and the latest buzzwords like AI and blockchain,” said Michael Blakey, Managing Partner at Cocoon Capital. “Instead, we are focusing on overlooked opportunities – founders solving hard, unsexy problems in enterprise infrastructure, advanced manufacturing, robotics, and healthcare. Fund III doubles down on that strategy. We’re not looking to build the biggest portfolio, we’re looking to build the most resilient and transformational one.”

Cocoon quietly built a track record of backing exceptional founders in overlooked markets across Southeast Asia, always leading seed rounds before others took notice. This disciplined approach has enabled the firm to invest in companies that are now setting the pace for Southeast Asia’s enterprise and deep tech ecosystem.

Cocoon’s model is distinct from traditional early-stage investors. The firm leads every deal, takes a board seat, and implements a comprehensive 10-step diligence process that evaluates governance, technical depth, founder aptitude, and product potential even at the seed stage. Its post-investment platform, known as Cocoon Academy, provides founders with access to governance playbooks, financial fundamentals, personal coaching, and a network of domain experts and follow-on investors. With a disciplined pace of up to five investments a year, the team remains deeply engaged with every portfolio company.

The fund will continue to target pre-seed and seed-stage investments in B2B software and deep tech startups across Southeast Asia, while selectively exploring opportunities across broader Asia and Australia. Cocoon plans to invest in 20 companies over the next four to five years. Roughly 55% of the fund is reserved for follow-on investments up to Series A, allowing the firm to maintain support for its strongest companies as they scale.

“The digital transformation of traditional industries in Southeast Asia is still in its infancy,” said Carol Cheung, Partner at Cocoon Capital. “We are especially excited about backing founders using technology to modernise sectors long underserved by innovation – whether that’s to optimise industrial processes, combat climate change, improve healthcare outcomes, or reshape financial infrastructure. These are long-term problems that require long-term partnerships, and that’s what Cocoon is built for.”

With its portfolio companies now emerging as leaders in enterprise and deep tech, Cocoon’s investment continues to validate its thesis. Deep tech companies, such as Aprisium, which enables micron-level industrial contamination detection, and Augmentus, an industrial no-code robotics reprogramming platform now being used by leading manufacturers worldwide, exemplify how local startups are building globally competitive solutions. Other investments include TransTRACK, a fleet optimisation and logistics platform; BuyMed, one of Vietnam’s leading digital pharmaceutical distributors; and Shomvob, a Bangladesh-based job-tech platform improving access to employment and embedded financial services.

“These founders aren’t just building regional plays,” said Zongxi Sia, Investment Director. “They’re solving universal problems with Southeast Asia as their launchpad. Whether it’s reducing emissions from manufacturing or improving access to healthcare, these companies are positioning themselves to scale globally from day one.”

Fund III’s first close of more than half of the target includes a significant number of returning limited partners (LPs), many of whom have increased their commitments, as well as new LPs from across Asia, Europe, and North America. Investors include institutional capital providers, successful founders, and family offices. The strong number of returning investors underscores continued confidence in Cocoon’s disciplined, high-engagement model and its track record of generating both returns and impact.

“In today’s challenging fundraising environment, it’s rare to find a firm like Cocoon,” said Gregoire Baudin, a returning investor. “Their ability to identify and nurture deeply technical companies solving critical challenges, and to actually deliver real cash returns, makes it an easy decision to continue supporting them. LPs have seen Cocoon’s exit strategy work, with DPI achieved across multiple funds.”

“We’re building a fund that delivers more than returns,” added Blakey. “We’re helping build companies that matter – companies that survive downturns, reshape industries, and set new standards for what innovation in this region can achieve.”

Cocoon Capital Fund III will remain open to new commitments until its final close, targeting USD 50 million in total capital.

ABOUT COCOON CAPITAL®

Cocoon Capital® is a Singapore-based venture capital firm focused on early-stage investments in enterprise software and deep tech across Southeast Asia. Founded in 2016, Cocoon has more than USD 90 million assets under management and has made over 30 investments to date. The firm backs companies building transformative solutions in sectors including medtech, advanced manufacturing, logistics, diagnostics, and climate tech. With its slogan “Dare to Change™”, Cocoon stands apart by leading early, taking concentrated positions, and working hands-on with founders from Seed through Series A. Portfolio companies include Aprisium, TransTRACK, Shomvob, Augmentus, BuyMed, See-Mode Technologies, and Volt14. Learn more at www.cocooncap.com

Media Contact
info@cocooncap.com 

Backbase launches world’s first AI-powered Banking Platform, putting banks back in Growth Mode

Industry pioneer redefines what a banking platform is in the era of AI, and delivers both the technology and talent to drive remarkable growth


AMSTERDAM, NETHERLANDS – Media OutReach Newswire – 30 April 2025 – Today, Backbase announces a major industry shift: the launch of the world’s first AI-powered Banking Platform, following the launch of its Intelligence Fabric in September 2024.

Momentum accelerates with the release of its next-generation platform, purpose-built to accelerate growth and efficiency in banking by unifying two mission-critical domains: customer servicing and digital sales.

This launch marks the next phase of Backbase’s bold vision: putting bankers at the forefront of the AI revolution, fully equipped to drive sustainable, profitable growth.

Built for unified sales and servicing
In today’s competitive landscape, banks can no longer afford to rely on passive digital channels and reactive workflows. Backbase’s AI-powered Banking Platform enables banks to:

  • Transform customer engagement with AI-powered self-service and real-time support
  • Hardwire AI into daily operations to maximize employee productivity and smarter decision-making
  • Streamline and scale sales through intelligent activation and end-to-end automation
  • Expand revenue with AI-driven up- and cross-sell journeys that deepen customer relationships.


“Banks don’t need more pilots – they need outcomes,”
said Jouk Pleiter, CEO & Founder of Backbase. “With our AI-powered Banking Platform, we’re going all-in on the AI opportunity and empower banks to boost productivity, automate intelligently, and unlock growth faster than ever.”

Why now?

The industry is at a tipping point. While fintechs surge ahead, many banks are still trapped by legacy tech and fragmented data — unable to fully seize the AI opportunity. The last decade delivered basic digital channels. The next will be owned by banks that master AI-powered growth orchestration: acquiring, activating, expanding, and retaining customers at scale.

Powered by the Intelligence Fabric
At the heart of the platform is the Intelligence Fabric — a unified data foundation that turns behavioral signals, transactional data, and operational insights into real-time, actionable intelligence.

A breakthrough addition is Agentic AI: modular, intelligent agents purpose-built for banking. Operating safely within guardrails, these agents seamlessly embed into service and sales journeys—automating tasks, guiding next-best actions, and boosting productivity across the front and back office.

Trusted and secure by design
Built on a trusted AI foundation, the platform ensures every decision, recommendation, and action is transparent, secure, and auditable. Agents are developed, deployed, and governed within a tightly controlled environment, enabling banks to confidently scale while upholding the highest standards of compliance, risk, and operational integrity.

Closing the talent gap with the AI Factory
AI adoption demands new expertise — and Backbase delivers it through the AI Factory: an embedded delivery model designed to bridge the industry’s AI skills gap. By integrating Backbase’s AI experts directly into their teams, banks can rapidly co-create high-impact use cases and turn innovation into execution with speed and confidence.

“This isn’t proof-of-concept AI. This is a packaged, production-ready operating model to move banks from experimentation to execution, fast” said Jouk Pleiter, CEO & Founder at Backbase. “AI waits for no bank. It’s not a wait-and-see – it’s here, and it’s rewriting the rules of the industry. The time to act is now.”

Available now
The AI-powered Banking Platform is already delivering breakthrough efficiency and unlocking new growth for early adopters. As of today, it’s officially live and globally available—ready to transform how banks operate at scale.
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About Backbase

Backbase is on a mission to put bankers back in the driver’s seat — fully equipped to lead the AI revolution and unlock remarkable growth and efficiency. At the heart of this mission is the world’s first AI-powered Banking Platform, unifying all servicing and sales journeys into an integrated suite. With Backbase, banks modernize their operations across every line of business — from Retail and SME to Commercial, Private Banking, and Wealth Management.

Recognized as a category leader by Forrester, Gartner, Celent, and IDC, Backbase powers the digital and AI transformations of over 150 financial institutions worldwide. See some of their stories .

Founded in 2003 in Amsterdam, Backbase is a global private fintech company with regional headquarters in Atlanta and Singapore, and offices across London, Sydney, Toronto, Dubai, Kraków, Cardiff, Hyderabad, and Mexico City.

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