Terapin Studios, a US-headquartered digital content producer, has acquired Toomics, one of South Korea’s top 5 webtoon platforms, after raising $93 million from Affirma Capital and NPX Private Equity. According to the announcement, Affirma Capital invested $38 million in Terapin Studios as part of a $93 million co-investment made with NPX Private Equity, a Korea-based ... Read more ›
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Ten industry-neutral firms (not fixated on one specific industry) have been selected to participate in the ScaleUp Growth Program Batch 3 by Endeavor Indonesia, the world’s premier community of high-impact entrepreneurs. The 36 companies having their primary offices in Indonesia and/or Singapore and at least $2 million in equity capital or $2 million in annual ... Read more ›
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99 Group, the company behind property platform 99.co, has announced raising $52 million in a Series C funding round led by Hong Kong-based private equity firm Gaw Capital Partners. The company said $37 million was completed at the first close and a further $15 million will be raised over the coming months, the majority of ... Read more ›
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Packworks, a B2B startup that targets micro stores in the Philippines, has announced raising $2 million in a seed funding round co-led by private equity firm CVC Capital Partners and end-to-end logistics group Fast Group. The funding round was also participated by ADB Ventures, Arise, Techstars, and IdeaSpace Foundation. Packworks will use the fund to ... Read more ›
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Singapore impact investor ABC Impact has led a $42 million Series D fundraising round in Da Mi & Xiao Mi, a provider of therapy and rehabilitation services in China for children aged between 3 and 12 years old with Autism Spectrum Disorder (ASD). Private equity and venture capital firm Grand Flight Investment also participated in ... Read more ›
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PTT Oil and Retail Business Public Company Limited (OR) announced that it will invest in travel and local services platform Traveloka through its subsidiary, PTTOR International Holdings (Singapore). The investment is major step for OR to expand into the travel sector and strive to become a one-stop solution for all lifestyles, according to the announcement. ... Read more ›
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Licensed digital asset custodian Atato announced today that it has raised a total of $6 million in its Series A funding round co-led by AlphaLab Capital and FEBE Ventures. The company, which offers MPC custodial solution aimed at corporates and institutions, said the funding round was also participated by Tom Trowbridge, NGC Ventures, January Capital, ... Read more ›
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F&B technology platform Chope announced that it has invested S$1 million into F&B digital payments provider Getz Group. This partnership, according to Chope, fuels its vision to build a comprehensive F&B platform for both diners and the restaurant industry by enabling diners to order and pay at restaurants across Singapore with just their Chope app. ... Read more ›
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Singapore-headquartered equity management firm Qapita announced that it has completed the 100% acquisition of India-based ESOP Direct in a full cash transaction. This will see Qapita secure full ownership of ESOP Direct’s operating entities from its shareholders, per the announcement. With this acquisition, Qapita will become a market leader in this region catering to both ... Read more ›
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Southeast Asia’s recommerce group Carousell has announced that it acquired control of Laku6, the AI-first end-to-end electronics recommerce platform in Indonesia, as part of its vision to make secondhand the first choice for users. Temasek unit Heliconia Capital will be supporting Carousell Group in its acquisition of Laku6 and in accelerating circularity in secondhand electronics. ... Read more ›
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TNG Digital, the owner and operator of Malaysia’s largest e-wallet company Touch ‘n Go eWallet, has raised about $168 million in a its latest equity funding round led by Lazada Group, according to an announcement. This funding round also saw follow-on investment by TNG Digital’s current shareholder and parent company Touch ‘n Go Sdn. Bhd. ... Read more ›
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Recommerce software and service provider Rush ReCommerce announced that it has closed a $12.9 million Series A financing, anchored by transatlantic venture capital investor Beringea. The company said intends to use the newly invested capital to enhance its solution and accelerate the growth of its recommerce network. Advantage Capital and existing shareholders also participated in ... Read more ›
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Taiwan-based regulatory technology (RegTech) developer and non-custodian (DeFi/NFT) wallet provider KryptoGO has raised a total of US$3 million in its recently concluded seed funding round. The round was participated by global venture capital firm Hive Ventures, alongside other VCs including Taiwan’s National Development Council, Red Building Capital, AVA Angels, New Economy Ventures, Hao Fong Investment ... Read more ›
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ESR Group Limited, Asia’s largest real asset manager powered by the New Economy, announced the first close of over US$1 billion in equity commitments for its inaugural vehicle, Data Centre Fund 1, which is dedicated to the development of its growing data centre business. ESR DC Fund 1 brings together some of the world’s largest ... Read more ›
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Rabbit Care, Thailand’s leading marketplace for insurance and financial products, has raised an undisclosed amount in its Series C funding round led by Winter Capital. The round was also participated by VGI PCL, Thailand’s leading media conglomerate. Rabbit Care was founded in 2013 and has since grown to become the top financial marketplace of its ... Read more ›
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HR automation platform, Omni HR today announced it has recently closed $2.4 million in an oversubscribed pre-seed funding round co-led by Alpha JWC Ventures and Picus Capital, with participation from FEBE Ventures, Basis Set Ventures, Ratio Ventures, and Frances Kang at Horizons Ventures. This round was also supported by a number of prominent angel investors ... Read more ›
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HeveaConnect Pte Ltd, a Singapore-based agri-commodities platform company, announced that it has completed its series A round led by Provident Capital Partners, DeClout Ventures, and HC management. Provident and DeClout joins SGX Group, DBS Bank, ITOCHU Corporation, and Halcyon Agri Corporation as shareholders of HC. The management team has also bought in with the HC ... Read more ›
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Botsync, a Singapore-based manufacturer of heavy-duty, intelligent, industrial autonomous mobile robot (AMR) solutions, has successfully raised US$3.2 million to date with its latest pre-Series A funding round. The funds will be used to scale the company’s automation solution offerings and support the growing demand for automation across existing factories and warehouses. Notable investors in this ... Read more ›
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Fairbanc, the Indonesian and Silicon Valley based technology platform that enables B2B Buy Now Pay Later (BNPL) for micro-businesses in Indonesia just secured $4.8M in pre-A note led by Vertex Ventures Southeast Asia and India. Indonesian conglomerate Lippo Companies, Asian Development Bank (ADB), and Accion Venture Lab (AVL) also participated in this round. This new ... Read more ›
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Anipen, a South Korean metaverse platform, has raised around ₩11 billion ($8.3 million) in a Series C funding round backed by Medici Investment, Ulmus Investment, and Korea Development Bank, according to a Forkast report. The company, a deep learning-based metaverse platform developer, said it will use the fresh funding to expand its metaverse content services ... Read more ›
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28.11.2024 10:56
Last update: 10:50 EDT.
News rating updated: 17:51.
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