Growth-stage investment fund SMBC Asia Rising Fund (ARF) on Tuesday announced follow-on investments worth $12-15 million in its portfolio companies Easy Home Finance (EHF), Vayana, and DPDzero.
The follow-on investments come on the back of recent fundraising by these companies. Easy Home Finance raised a $30 million Series round in January to expand its affordable housing finance business, taking its total funding till date to $80 million.