J. Angelo Racoma
Philippines-based Podcast Network Asia secures $750K Seed funding for regional expansion
The podcast agency intends to use its new investment to finance its expansion to other parts of Southeast Asia, particularly Malaysia, Indonesia, and Thailand. Part of the new investment will be used to improve the agency’s production and to enhance its performance analytics.
January 26, 2021
iStore iSend secures $5.5M Series B for e-fulfillment expansion co-led by Gobi Partners and EasyParcel
iStore iSend currently operates in four countries: China, Malaysia, Indonesia, and Singapore. The company looks forward to bringing its services to other markets in Southeast Asia including Vietnam, Thailand, and the Philippines. Also, a part of the new funding will be utilized in marketing campaigns to attract more online-to-offline (O2O) clients in…
January 26, 2021
News,Malaysia,FinTech,Investments
Singaporean VC Firm KK Fund returns to lead Malaysian startup CapBay’s $20M Series A
The fresh capital infusion will be used to expand its market reach for new potential investors and to work on its current tech to provide financing solutions for underserved SMEs
January 26, 2021
German early-stage tech investment firm Picus Capital eyes Asian focus starting 2021
Munich-based investment company Picus Capital is set to increase its investments across Asia. The company plans to invest up to $75 million in Asian startups in the next three to five years. This amount represents a 25 percent share of the total $250 million to $300 million the firm will be investing.
January 25, 2021
Indonesia plans to relax foreign investment policies for local tech startups
Indonesia is looking to give local startups a boost by exempting foreign investors from minimum investment requirements. This is seen as an opportunity to continue fostering growth in Indonesia’s digital economy.
January 23, 2021
Ant Group-backed Mynt targets unicorn status as it seeks additional funding after $175M investment
After closing a $175 million private equity funding from the New York-based Bow Wave Capital Management, Mynt, also known as Globe FinTech Innovations, seeks to raise more funds to reach unicorn status.
January 22, 2021
Tower Capital PE Fund I has first close at $250M, seeks mid-market investments in Southeast Asia by Q1 2021
The fund targets to invest in companies across consumer education, healthcare, manufacturing, and business services in Southeast Asia, with focus on Singapore
January 22, 2021
News,Asia,Venture Capital,SEA,Malaysia
Malaysia private equity firm Creador plans $650M fifth fund by March 2021
Malaysian private equity firm Creador is reportedly planning to launch its fifth fund by March 2021 and is targeting a fund size of $650 million. Focusing on growth capital investments, Creador primarily targets companies in Malaysia, India, Indonesia, Vietnam, Singapore, and the Philippines.
January 22, 2021
Legal management platform Lupl raises $14M, readies for Q2 launch with new appointments
Lupl is a privately-held company based in Washington, DC specializing in the management of large volumes of legal transactions. It has been increasing its presence in Asia as it recently signed a Memorandum of Understanding (MoU) with the Ministry of Law of Singapore to advance the city-state’s legal sector digitalization.
January 21, 2021