Tuya Inc. (TUYA), a prominent cloud platform service provider, revealed on Monday that it has finalized a strategic investment arrangement with 65 Equity Partners. This development is set to occur through the acquisition of approximately 13% of Tuya's outstanding shares from New Enterprise Associates.
65 Equity Partners functions as an independently managed, fully-owned investment vehicle of Temasek. It is dedicated to supporting founders as they pursue business growth.
The organization primarily invests in family-owned and entrepreneur-led companies across Southeast Asia, Europe, and the United States. It maintains a strong investment focus on sectors including technology, business services, consumer goods, industrials, and healthcare.
