Legit Group, a multi-brand cloud kitchen operator in Indonesia, has raised a total of $13.7 million in a Series-A funding round led by MDI Ventures. Other investors in the round included Sinar Mas Digital Ventures, East Ventures, and Winter Capital. The company plans to use the funds to expand its operations beyond Jabodetabek and innovate ... Read more ›
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Vietnamese edtech startup MindX has announced raising $15 million in a series B funding round, led by education-focused private equity fund Kaizenvest, to continue its mission of nurturing and empowering Vietnamese innovators through technology. Founded in 2015, MindX has graduated over 35,000 students of all ages, many now with successful technology careers in nearly 20 ... Read more ›
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TablePointer Pte Ltd, a Singapore-based start-up that provides Energy-Efficiency-as-a-Service (EEaaS) solutions, has secured more than $3 million in an oversubscribed seed funding round led by Wavemaker Partners, AgFunder, ENGIE, and Steve Melhuish. The funds raised will be used to expand the company’s technology platform with new features, product modules, and enter fast-growing markets in the ... Read more ›
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Indonesia’s Travelio announced that it has raised an undisclosed amount in Series C funding as it seeks to become a dominant player in the country’s apartment rental market. The company’s Series C round was led by a large Korean financial group and included new investors such as Korea’s DAOL Ventures, Orzon Ventures, and Appworks from ... Read more ›
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Stylework, an Indian co-working space aggregator, has secured a successful Series A1 funding round, raising $2 million at a $20 million valuation from institutional investors, including Capriglobal Holdings, QI Ventures, and undisclosed family offices. Existing investor WFC, along with iAngels Network, Sateeq Invest, and Impactful Pitch structured syndicates, and marquee industry mix global HNIs, also ... Read more ›
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Dozer, a Singapore-based open-source data infrastructure platform that simplifies the creation of highly scalable real-time data APIs, has raised US$3 million in seed funding. Sequoia Capital India and Southeast Asia’s Surge led the round, with participation from Gradient Ventures and January Capital. The funding will be used to scale Dozer’s product and engineering teams. The ... Read more ›
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Indonesia’s leading e-commerce company Bukalapak has acquired a majority stake in Southeast Asia’s leading price comparison platform, iPrice. The move allows iPrice to accelerate its growth by leveraging the synergies between the two groups. In recent years, Bukalapak has shifted its focus from competing head-to-head with other marketplaces to building or acquiring niche marketplaces and ... Read more ›
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01Fintech, a growth-stage private equity firm specializing in financial technology in Southeast Asia, has announced a strategic partnership with Sinar Mas Financial Services (SMMA), a subsidiary of Sinar Mas Group, one of the largest conglomerates in Indonesia. SMMA provides a broad range of financial services, such as life and non-life insurance, securities, banking, capital markets, ... Read more ›
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Kairous Capital, a venture capital firm headquartered in Malaysia, has signed two Memoranda of Understanding (MoU) with Digital Way Group and China Silk Road Group to establish the Malaysia-China Digital Cooperation Council (MCDCC) and the Malaysia-China Digital Cooperation & Development Fund. The MCDCC aims to promote long-term collaboration between Malaysian and Chinese companies in technology ... Read more ›
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Alchemy Pay, a Singapore-based payment gateway that connects crypto and global fiat currencies, has secured $10 million in funding from DWF Labs, a prominent multi-stage web3 investment firm, to expand its payment business in Korea. The funding will be used to capitalize on the region’s high level of cryptocurrency acceptance and assist Korean enterprises in ... Read more ›
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Fresh Factory, an Indonesian start-up that offers an integrated cold chain fulfilment and logistics service, has raised $4.15m in pre-Series A funding. The investment round was led by SBI Ven Capital, with participation from Kyobo Securities, NTUitive, Trihill Capital, East Ventures and PT Tap Applied Agri Services. Fresh Factory plans to use the funds to ... Read more ›
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Singapore’s Monetary Authority (MAS) and Bank Negara Malaysia (BNM) have launched a cross-border QR code payment linkage between the two countries, enabling customers of participating financial institutions to make retail payments by scanning NETS QR and DuitNow QR codes. The payment linkage will allow for in-person payments through the scanning of physical QR codes displayed ... Read more ›
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New data from Shopee’s marketplace shows that a growing number of young Malaysians are turning to secondhand, pre-loved, and demo unit items over new products. The trend is a sign that younger consumers in Malaysia are becoming more environmentally conscious and want to make smarter consumption choices. Shopee’s data reveals that over the past three ... Read more ›
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Indonesia-based insurtech firm Qoala has successfully raised $7.5 million in a recent funding round, led by European investment firm responsAbility Investments AG. The round, which also saw participation from Appworks and existing investors Eurazeo and Indogen, was part of the company’s Series B+ fundraiser. Qoala plans to use the capital to expand its product and ... Read more ›
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541 Ventures, a Los Angeles-based global venture capital firm, announces its official debut into the innovative and influential ecosystem of family offices in Southern California. The event, co-hosted by The Global 51, a family office association, and Revere, an information platform for asset allocators and emerging VC managers, brought together over 30 family offices and ... Read more ›
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Mobee, a newly registered digital asset exchange, has launched in Indonesia, offering a range of financial products for qualified investors, family offices, and institutional-grade clients seeking passive income and wealth management products designed for active investors. Co-founded by Andrew Tjahyadikarta, a visionary entrepreneur, and Jeff Pradana, an experienced banking and trading executive, the platform is ... Read more ›
2
Thai-based insurtech Roojai has secured $42 million in Series B funding to support its expansion into non-motor products and into new markets such as Indonesia and other countries in Southeast Asia. The funding round was led by HDI International, the international retail insurance division of the German Talanx Group, and included participation from existing investors ... Read more ›
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Malaysia’s private equity and venture capital funding saw a significant increase in 2022, according to a report released by the Securities Commission Malaysia. The report showed an 8.43% increase in funding to $3.64 billion (MYR16.08 billion) in 2022, compared to $3.35 billion (MYR14.83 billion) in 2021. The total committed funds in the industry were $2.42 ... Read more ›
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Filipino fintech company Advance has raised US$16 million in a pre-Series A funding round led by Do Ventures and Lendable, with participation from new investors Phoenix Holdings, Kaya Founders, Foxmont Capital, Oyster Ventures, and Crossocean Ventures, as well as existing investors Wavemaker Partners, Next Billion Ventures, Integra Partners, and Accion Venture Lab. Advance aims to ... Read more ›
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Singapore-based startup Right-Hand Cybersecurity has announced raising $5 million in a Series A funding round led by Jack Selby, a former executive at PayPal, and his firm AZ-VC, the largest venture capital firm in Arizona. The startup said the funding will enable the company to expand its operations across Asia and the US and invest ... Read more ›
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Business Insider
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27% 2 |
Tech Wire Asia
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9% 0 |
The Verge
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8% 0 |
Gizmodo
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7% 2 |
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7% 4 |
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27.11.2024 15:53
Last update: 15:45 EDT.
News rating updated: 22:41.
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