Latest news and trends about tech
Singapore VC firm Antler raises over $300M to expand investment focus, will invest up to Series C
Antler continues to invest in its portfolio companies as they scale. The firm has a global network of over 600 expert advisors, and an online platform of resources, tools and supports its portfolio companies with introductions to global investors, hands-on assistance with new market entry, and access to a global network of expert advisors.
Indonesian boutique hotelier ARTOTEL Group raises Series B financing to fuel expansion
ARTOTEL Group will utilize the proceeds of this financing to drive expansion through an aggressive merger and acquisition strategy in Indonesia’s hospitality sector and invest in strengthening the group’s core business infrastructure, digitizing operations, and enhancing sustainability throughout the organization.
Singapore’s ION Mobility completes $6.8M Seed round ahead of smart electric motorbike launch
ION Mobility is preparing to unveil its smart electric motorbike later this year. With this latest round of institutional capital, the company takes the next step to set up its manufacturing operations in Singapore and Indonesia in preparation to launch in-market.
Claroty opens regional headquarters in Singapore after securing $140M Series D funding to meet growing demand for cybersecurity
The office opening comes shortly after Claroty’s $140 million Series D fundraise, which included participation from Temasek, Singapore's state investor. The company raised the round in order to meet rapidly accelerating global demand for The Claroty Platform’s visibility, threat detection, risk, and vulnerability management, and secure remote access…
Pickupp gets additional investment from Temasek-backed Reefknot & Kuehne+Nagel, brings up Series A & A+ to $20M
The funds will enable Pickupp to strengthen its dispatch network with the expansion of new satellite warehouses across different markets. It will go on to further support innovation and developments in Pickupp’s technology to enhance the capabilities and cost-savings of its existing products and introduce new services to meet the evolving demand for…
Bangladesh re-commerce platform SWAP raises $1.25M in Seed funding to support growth in the country’s circular economy
SWAP has introduced the first ever cross-category exchange platform to facilitate the quickest upgrade program from even one category to another. This involves certified pre-owned products for consumers at as low as 60 percent of retail value with 1 year full warranty and insurance coverage including liquid and accidental damage. The platform has enabled…
iSeller raises $8M pre-Series B financing led by Openspace and AppWorks to digitize commerce in Indonesia
With the new funds, the company plans to enable more merchants to start, run, and grow businesses more easily, manageably, and efficiently, the company said in a statement. This will be achieved by aggressively expanding its e-commerce solutions and offline presence to 50 cities across Indonesia, building off the company’s current footprint in the Greater…
Bezos-backed Ula to scale up ‘pay later’ options for underserved small retailers in Indonesia
Indonesia’s retail market is estimated to be around $300 billion, of which 70-80 percent is traditional retail--with this market growing 8 percent year on year, the potential is enormous.
EI Industrial raises $670K to launch Vietnam’s first industrial-focused B2B e-commerce marketplace
Launched in 2020, EI Industrial is a B2B e-commerce marketplace that aims to accelerate digital procurement in Vietnam.
Draper Startup House Ventures launches first global fund, aims to create 1M entrepreneurs by 2030
The fund will have an Asia Pacific predominance, due to Draper Startup House International having Singapore as its headquarters. Its reach potential, the firm said, includes 60 countries and 30 industries already represented on the company’s platform.
