Charged Indonesia, a direct-to-user scale up electric motorcycle manufacturer and distributor, has announced raising $4.5 million in its inaugural funding round anchored by Singapore-based DeClout Ventures, the corporate venture arm of DeClout. Founded in 2022, Charged Indonesia aims to provide sustainable mobility options that are competitive in affordability and practicality for Indonesian customers as compared ... Read more ›
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Binance Charity, the philanthropic arm of Binance, the world’s leading cryptocurrency and blockchain infrastructure provider, has partnered with Women in Tech to provide blockchain educational courses to women from vulnerable communities. The courses will be offered to 2,800 women in Brazil and Africa with the aim of empowering women with the knowledge and skills to ... Read more ›
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Brand e-commerce service provider Jet Commerce announced that it raised over $60 million in Series B funding round jointly led by Jinqiu Capital, Hidden Hill Capital, and Zhejiang SilkRoad Fund. Hui Capital and other institutions, including ATM Capital, who was involved in a tens of millions of dollars Series A funding round, also participated in ... Read more ›
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Stacked, a web3 video and livestreaming platform offering creators greater platform ownership, announced the completion of a $12.9 million Series A round of financing led by Pantera Capital, with participation from GFR Fund and Z Venture Capital. The funding round was also backed by notable angel investors, including Alexandr Wang (Founder of Scale AI), Eddy ... Read more ›
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ESB, Indonesia’s largest fully-integrated restaurant management SaaS platform, announced that it raised $29 million in Series B funding round co-led by Northstar Group and Alpha JWC Ventures, with participation from existing investors AC Ventures, BEENEXT, and Vulcan Capital. ESB is an all-in-one provider of culinary business operations software. It offers a cloud-based SaaS solution that ... Read more ›
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Indonesian oral wellness startup Klar Smile has raised $4.55 million in its pre-Series A funding round co-led by AC Ventures and East Ventures. Other participating investors included Venturra Discovery and several angels. As Klar Smile’s seed investor in 2021, AC Ventures decided to top up its investment, as the company looks toward expanding its presence ... Read more ›
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Kula, a US-based recruitment automation platform, announced that it has raised $12 million in its Seed funding round. The round was co-led by Sequoia Capital India and Australian venture capital firm Square Peg. Existing investors, including Venture Highway and Together Fund, also participated in the funding round, according to the announcement. In the 13 months ... Read more ›
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Fintech platform Airwallex announced plans to provide further support for Hong Kong‘s SME and startup community, following the successful launch of its Hong Kong Small and Medium Enterprises (SMEs) initiative earlier this year. Airwallex said it will commit an additional HK$2.25 million to the initiative, raising its total commitment to HK$4.5 million this year. Airwallex first rolled out ... Read more ›
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PriceOye.pk, Pakistan’s e-commerce platform, has announced raising $7.9 million in a Seed funding round led by US-based JAM fund. The funding round, which will consolidate the startup’s position as the leading electronics marketplace in the country, was also backed by Beenext, DG Daiwa, Mantis VC, HOF Capital, Palm Drive Capital, and Atlas Ventures, among others. ... Read more ›
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A partnership between Bangladesh and The Netherlands is investing about $6 million to develop the Bangladeshi aquaculture sector, according to an announcement. The Embassy of the Kingdom of the Netherlands in Bangladesh formally launched FoodTechBangladesh, a four-year cooperation between Dutch and Bangladeshi companies, headed by Larive International B.V.. The partnership consists of Aftab Bahumukhi Farms, ... Read more ›
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WasteX, the first venture out of Wavemaker Impact‘s climate-tech venture building program, has launched to help agricultural producers in Southeast Asia convert biomass waste into higher-value products that help fight climate change. Wavemaker Impact committed $525,000 as an initial investment in the company. WasteX is looking to tackle the problem of 3.5 billion tons of ... Read more ›
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Singapore-headquartered fintech startup banco (RABC Group) announced the successful raise of $6.7 million in Series A funding led by Japan-based leading financial group SBI Group, alongside investors Sumitomo Mitsui Banking Corporation (SMBC), R3, Savills, KZM & Company, and others. With this fundraise, banco will look towards recruiting talents with technology and business development expertise, as ... Read more ›
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Singapore-headquartered fintech start-up International Payments Identity (iPiD) has announced a $3.3 million seed funding round supported by strategic investors Rapyd Ventures, Jungle Ventures, 1982 Ventures, Resolution Ventures, Saison Capital, the XA Network and Wing Vasiksiri. In addition, the company has announced the appointment of Alain Raes, a long-time payments industry expert and former SWIFT executive, ... Read more ›
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Singapore-headquartered proptech start-up Propseller announced raising $12 million in Series A funding led by Vertex Ventures Southeast Asia and India. The round saw participation from existing investors Hustle Fund, Iterative, and Rapzo Capital, and new investors Partech, ICCP SBI, Vulpes Ventures and Redbadge Pacific. Noticeably, the round also saw participation of a dream-list of prominent ... Read more ›
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ARIA, a one-stop solution for Indonesia’s agriculture service, announced raising $5 million in seed funding led by East Ventures, who joined the pre-seed round in March 2022. This round of funding was also joined by Triputra Group, Michael Sampoerna, Arkana Ventures, GK-Plug & Play, and other strategic investors. ARIA is an agritech firm with the ... Read more ›
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Glints, an active end-to-end regional talent ecosystem in Southeast Asia for career development and recruitment, announced raising $50 million in a Series D oversubscribed round co-led by DCM Ventures, Lavender Hill Capital, and returning investor PERSOL Holdings. The funding will be used for expanding its talent supply base into the Philippines, employer demand base globally, ... Read more ›
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The Lightnet Group announced today it has secured a $50 million capital commitment from LDA Capital Ltd to grow its infrastructure, operations, and expand its technological partner’s (Velo Labs Technology) blockchain technology. Lightnet will have the option to increase the $50 million to a total commitment of up to $100 million over the next three ... Read more ›
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GoTo Gojek Tokopedia (GoTo), the biggest tech firm in Indonesia, is acquiring local crypto exchange Crypto Maksima Coin for about $8.4 million, GoTo said in a statement. The move further diversifies GoTo’s services to now include crypto exchange. According to a Reuters report, GoTo acquired 100% of PT Kripto’s shares for 124.84 billion rupiah ($8.38 ... Read more ›
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Southeast Asian superapp Grab said its revenue in the second quarter reached a record $321 million, up from 79% from a year earlier. It also trimmed its loss to $572 million, a 29% improvement year-over-year, the company said during its earnings call Thursday. “Our second quarter results showed that we can grow sustainably. We delivered ... Read more ›
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Touchstone Partners announced today that it has led investments in two startups: Credify, which is pioneering embedded finance technologies, and Prep, an edtech company bringing interactive and personalized test preparation to tens of thousands of online learners. The announcement of the new investments was made during the venture capital firm’s inaugural “Touchstone Day” conference, which ... Read more ›
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28.11.2024 08:55
Last update: 08:51 EDT.
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