J. Angelo Racoma

Global founder collective MAGIC Fund raises $30 Million Fund II to continue backing early-stage startups

MAGIC Fund II is currently looking at global startups that are focused on building infrastructure while delivering a quality customer experience. The firm typically writes checks of $100,000 to $300,000 for early-stage startups and will continue to do so in this fund.

Fintech Angel Operators to fund and bring on-the-ground expertise to early-stage FinTech startups [Q&A]

TechNode Global interviewed key members of the Fintech Angel Operators to seek their insights on the growing market for FinTech services in the Southeast Asia region with a particular focus on how the model of an angel investor network can accelerate growth in this space.

Startup valuation: From zero to $100M in 18 months [Tech Insights Recap]

In our recent Brown Bag Workshop Session, we learned from Kenny Au and the executive team at Elevate Ventures how startups can leverage opportunities and resources toward increasing their valuation without necessarily tapping into external funding. This includes building use cases toward establishing strategic partnerships that can improve the optics of…

Philippines e-commerce logistics startup Locad secures $4.9M Seed fund led by Sequoia Capital India’s Surge

Locad currently runs seven fulfillment centers: four in the Philippines and one warehouse each in Singapore, Hong Kong, and New South Wales. The company plans to use part of its seed fund to further expand its warehouse network in the Philippines and across the APAC region. 

How HKSTP supports the startup and corporate innovation ecosystem through partnerships and acceleration [ORIGIN Innovation Awards Q&A]

The ecosystem has been vibrant and developing quite rapidly these years. One of the key challenges would be sourcing suitable innovation solutions and startups which match with the corporate procurement requirements as well as features that are specific to corporates’ different jurisdictions in order to proceed with PoC and ultimately technology adoption.

Kevin Hoong and Michelle Chin, Co-Founders of Oyen

The rise of pet-focused e-commerce is a sign of maturing market, says Oyen’s Kevin Hoong amid pet InsurTech’s $420K Seed raise

We are extremely focused on accelerating our growth of pet owner acquisition in Malaysia and constantly experimenting with new growth channels to scale our business. Within the coming months, we hope to also further develop our proprietary technology which will allow us to distribute our product and manage our claims services smartly and at scale. To…

‘Robinhood of Vietnam’ Infina raises $2M in oversubscribed Seed round

The startup seeks to tap into a growing opportunity in the retail investing space in Vietnam. The country of 97 million population has more than 75 percent internet users transacting money digitally, but only roughly 3.14 million--or 3.2 percent of the population-- investing in securities.

Australian early-stage investor Investible has announced the first close of $37.4M fund for startups in Southeast Asia and Down Under

Investible plans to use its second fund to invest in tech startups mostly in Australia. The VC fund has earmarked 30 percent of the fund’s committed capital to be used for global investments, the majority of which they expect to put towards Southeast Asian investments.

IMC Ventures partners with PIER71 to invest in maritime and supply chain ecosystem in Singapore

IMC Ventures, a newly-launched Singapore-based venture capital firm focused on investments in the maritime and supply chain industries, has announced that it has joined PIER71 as a venture capital partner with an objective to invest and nurture the maritime and supply chain ecosystem in Singapore.