Beijing-based technology company Ellipspace has successfully concluded a new financing round, securing 100 million yuan. The funding round was led by Yulin Fund, with participation from Changsheng Fund. Founded in 2020, Ellipspace specializes in developing advanced satellites capable of integrating remote sensing technology. Their satellites enable the integration of remote sensing data, sensor monitoring data, ... Read more ›
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Southeast Asia-focused venture capital firm Go-Ventures has successfully concluded the final close of its second flagship fund, raising a total of $240 million. As part of the announcement, the company has rebranded itself as Argor Capital Management. The second fund has garnered support from diverse investors, including sovereign wealth funds, institutional investors, corporates, and family ... Read more ›
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CarroSingapore-based online used car platform, Carro, has announced its strategic investment in Driven Communications, a digital content agency based in Malaysia. The financial details of the investment have not been disclosed, but the deal is expected to be finalized within two months. Carro has emphasized that the investment will not compromise the editorial independence of ... Read more ›
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Adicon, a Chinese diagnostic laboratory company, has announced its plan to raise approximately $52.29 million through a global offering in its upcoming Hong Kong listing. As part of its upcoming Hong Kong listing, the company intends to issue 33.2 million shares, priced at HK$12.32 per share. The global offering will include about 10% of the ... Read more ›
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Singapore-based Decentralized Gaming Ventures, a venture builder in the web3 gaming space, has secured a substantial seven-figure investment round. Hashed, a prominent Korean venture fund, is the primary contributor to this funding. The company aims to achieve its goals by acquiring independent game studios and providing dedicated mentorship, co-development opportunities, and access to valuable intellectual ... Read more ›
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Singaporean deep tech startup Zero-Error Systems (ZES) successfully raises $7.5 million in Series A funding round. The investment comes from notable participants, including the Dart Family Office and Airbus Ventures. ZES specializes in providing high-reliability semiconductor solutions for space and power management applications. The funding will support the company’s global sales and marketing initiatives, expedite ... Read more ›
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Indonesian startup, Finfra, has secured $1 million in new funding to expand its embedded finance offerings. The funding round saw participation from several prominent investors, including DSX Ventures, Seedstars International Ventures, Cento Ventures, Fintech Nation, FirstPick, BADideas Fund, and Hustle Fund The startup plans to utilize the recently raised $1 million funding to focus on ... Read more ›
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The Philippine venture capital firm Kaya Founders has successfully raised $12 million in funding for two new funds. The Gokongwei family played a key role in anchoring the funding round, which also saw participation from institutional investors, family offices, high-net-worth individuals, and renowned entrepreneurs. With this funding, Kaya Founders now manages a total committed capital ... Read more ›
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The Malaysian Economy Minister, Rafizi Ramli, has announced that the government plans to reform the country’s startup ecosystem. A proposal outlining these reforms will be presented to the Digital Economy Council by the end of July. The minister explained how the government will focus on enhancing funding and investment opportunities, particularly at the seed and ... Read more ›
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Solarvest Holdings Berhad, a prominent distributor of clean energy in Malaysia, has officially announced the selection of five grant recipients for the Seed Grant Round of Solarvest Innovation Lab 2023 (SIL 2023). The selected winners, Irradisol, Flumen, DespaQ, Hydrozon, and Hexacycle, were chosen from 30 applicants who have participated in the program since its launch ... Read more ›
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Noxx, an innovative US-based startup, is making waves in the employment sector by championing secure hiring for pseudonymous jobs, where individuals apply using alternative names rather than their real ones. Through its innovative platform and payroll tools, Noxx allows companies to adapt to pseudonymous hiring without losing sight of their internal responsibilities or stepping outside ... Read more ›
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Global consumer finance company, Pepper Group, has announced its plans to enter the Indian market with a new fintech startup under the brand name Pepper Money. The company will invest $150 million over the next four years to establish its presence in India, targeting the untapped potential of smaller cities. Pepper Money aims to revolutionize ... Read more ›
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Standard Chartered Bank has joined forces with Singapore Management University’s Lien Centre to establish a Women in Entrepreneurship Incubator. The Women in Entrepreneurship Incubator, funded by a $300,000 contribution from the bank, aims to empower female entrepreneurs dedicated to creating a positive social impact. The Women in Entrepreneurship Incubator, in recognition of the challenges faced ... Read more ›
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Antler, a business incubator and startup accelerator based in Singapore, has successfully raised $285 million for its emerging growth fund, Antler Elevate. The fund targets companies with ambitious mindsets, strong product-market fit, and remarkable growth potential, offering scale-up capital from Series A and beyond. Magnus Grimeland, Founder and CEO of Antler, said, “Our mission at ... Read more ›
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Singapore-based startup OneView has secured S$4 million in seed funding from investors ADERA Global, Beyon Connect, and Cumulo9. The funds will be used to introduce a digital platform that aims to revolutionize document management and bill payments in Southeast Asia. OneView aligns with Singapore’s smart nation and digitization efforts, providing a secure and convenient communication ... Read more ›
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Led by an eminent team of investors and industry captains from around the world, Awesome Ventures brings together a wealth of experience in strategy planning and diverse sectors. At the helm of Awesome Ventures is Lok Yek Soon, a visionary entrepreneur with over 25 years of experience within the startup ecosystem. Lok’s impressive career includes ... Read more ›
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VentureTECH SBI and VentureTECH have jointly invested 10 million Malaysian ringgit ($2.4 million) in Bayo Pay, a licensed Mastercard Non-Bank E-Money Issuer. The funding round, led by VentureTECH SBI, aims to accelerate the growth of Bayo Pay’s core business and bolster its B2B2X white label Digital Payment-as-a-Service solutions, supporting the rise of fintech startups in ... Read more ›
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Vietnamese blockchain startup Oxalus announced raising $1.1 million in a Seed funding round anchored by IDG Capital Venture Beta (IDGCVB) and Kyber Ventures. The two investors have previously invested in notable blockchain ventures, including Centic, Next Vision Capital (NVC), Coin98, Airstack, and Aura Network, according to the announcement. Founded in 2022, Oxalus has shown rapid growth, connecting ... Read more ›
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Indonesia’s digital mortgage startup, Ringkas, has secured $3.5 million in seed funding. The funding round was co-led by East Ventures and Crestone Venture Capital, with participation from 500 Global, Teja Ventures, Orvel Ventures, Hustle Fund, and others. With the fresh capital infusion, Ringkas intends to advance and scale its platform in multiple cities across Indonesia ... Read more ›
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Korean company Sleek Corporation‘s innovative fitness platform, ‘Hifive,’ achieved a major milestone by securing the top prize at the prestigious 2023 East Meets West Pitch Competition. Hosted by renowned US accelerator Blue Startups, the global conference took place in Honolulu, Hawaii on May 19, 2023, bringing together visionary startups and entrepreneurs at the forefront of ... Read more ›
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27.11.2024 15:44
Last update: 15:35 EDT.
News rating updated: 22:30.
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