Latest news and trends about tech

Australian e-bike player Zoomo raises $60M Series B funding to lead commercial e-bike industry

Zoomo has raised $60 million in Series B funding led by Grok Ventures. It will use the funds to expand its operations into new cities and countries, deepen software integration with its customers, and finalize development of the firm’s next-generation vehicles.

Singapore enterprise SaaS platform Quincus closes Series B funding led by AEI HorizonX

Quincus has raised an undisclosed amount in the second close of its Series B funding round led by AEI HorizonX. The latest investment will be used for the expansion of the firm’s global footprint with an emphasis on commercial growth in the United States.

Singapore Heritas Capital Fund II

Singapore’s Temasek to halt investments in Chinese tech firms ‘temporarily’ amid Beijing crackdown – report

“It’s just that in China, the way it is being executed has been a little more blunt and quick, and that is why it has created a lot of shocks out there,” Sipahimalani was quoted as saying.

Philippines BNPL startup Plentina raises additional $2.2M in TMV-led funding round

Proceeds of the funding will be used by Plentina to accelerate the company’s growth in the Philippines, to offer new product expansions, and to begin exploring other markets in Southeast Asia, such as Vietnam. This seed round will also help propel its growth as it targets Series A funding next year with senior talent joining the firm between now and then,…

Open for Application: Life’s A Pitch! 18

If you are a startup based in Southeast Asia, have an MVP, and are looking to fundraise from SEED to Post-A round, we invite you to join us this year and get the right connections to propel your vision forward! Our panel of investors are from the region and have active funds as well as networks that can potentially help you grow and expand.

Vietnam’s NextTech launches $50M blockchain fund

through an exclusive 8-way due diligence approach, Next100 Blockchain intends to become an essential reputational indicator--to be a "lighthouse" that helps the crypto investing community to navigate crowdfunding campaigns and mitigate the risk of investing in fraudulent projects.

Indonesia e-commerce marketplace Ula secures an additional $23.1M in Series B from Tiger Global

Ula has secured an additional $23.1 million funding from Tiger Global. With a total Series B funding of $110 Million, Ula will continue to invest in geographic, product, and team expansion, with a special focus on supporting underserved retailer communities through technology in Tier 2 to 4 cities.

Indonesia influencer platform KaryaKarsa raises $500K Seed round led by Accelerating Asia, Sketchnote Partners

KaryaKarsa has collaborated with more than 40K creators and served 300K users, enabling creators to promote their digital content or service offerings, such as books, comics, audio, video, and other digital goods, directly to their audience without going through middlemen. The seed round will support the company’s growth in the Southeast Asia market and…

Singapore’s AI Rudder raises $10M in Series A round co-led by Sequoia Capital India and Sequoia China Seed Fund

AI Rudder uses voice AI technology to help businesses solve B2C communication challenges across a range of different industries, such as banking and finance, fintech, and e-commerce. Notable clients include fast-growing companies like Kredivo, Adira Finance, and FinVolution.

Singapore fintech startup Sleek raises $14M in Series A funding led by White Star Capital and Jungle Ventures

Sleek has raised $14M in Series A funding led by White Star Capital and Jungle Ventures, bringing the total capital raised by the company to $24 million. The company will use the fresh funds to bolster tech and product development, hiring, and expand presence in existing markets and enter new ones.