Author: TechNode Global Staff
SGX-backed ADDX tokenizes first private credit fund, lowers minimum from $5M to $20K
ADDX has enabled rare fractional access to a private credit fund with more than $1 billion in committed capital, reducing the fund’s minimum investment size for individual accredited investors from $5 million to $20,000.
Malaysia’s MAVCAP launches two new tech-focused venture capital funds, targets total fund size of $35.83M
The two VC Funds will provide equity funding to startups with strong growth potential in Malaysia and other Southeast Asian markets, focusing on verticals such as Artificial Intelligence, Fintech, Healthtech, Greentech, Industrialtech, Internet of Things and EdTech.
Singapore BNPL firm Pace raises $40M Series A funding from UOB Venture Management, Marubeni Ventures, AppWorks & others
Following this investment round, Pace is now the fastest-growing multi-territory BNPL player from Singapore. The new funding will go towards expanding technology, operations, and business development, to hit a Gross Merchandise Value run rate of $1 billion in 2022 and grow its user base by 25 times over the next 12 months.
Animoca Brands’ subsidiary Quidd token raises $5M from Binance Smart Chain Growth Fund and others
Quidd, the digital collectibles company and a subsidiary of Animoca Brands, announced that the QUIDD token has raised a total of $5 million via private sale, pre-sale, and initial DEX offering (IDO), and is now available on PancakeSwap.
India fintech startup Velocity raises $20M Series A funding led by Peter Thiel’s Valar Ventures
Velocity has raised $20 million in Series A funding led by Peter Thiel’s Valar Ventures. Other investors who participated in the round include Presight Capital, Utsav Somani’s iSeed, Maninder Gulati (Oyo), Zac Prince (BlockFi) and Philippe De Mota (Hedosophia). Armed with capital, the start-up has set its sights high and aims to deploy over Rs.1,000 Crores…
Chinese team wins Gordon Bell Prize for Simulation of Quantum Circuit
ACM, the Association for Computing Machinery, named a 14-member team, drawn from Chinese institutions, recipients of the 2021 ACM Gordon Bell Prize for their project, Closing the "Quantum Supremacy" Gap: Achieving Real-Time Simulation of a Random Quantum Circuit Using a New Sunway Supercomputer.
UK digital payment firm raises $10M led by Inference Partners to expand to Europe and Asia
Pomelo Pay has raised $10 million in a Series A round led by Inference Partners. The investment will allow the company to expand its presence across global markets including Europe and Asia, starting with plans to double their workforce in London, Singapore, Vietnam, Thailand, and the Philippines.
Gojek and TBS Energi Utama form joint venture to accelerate the development of Indonesia’s two-wheel electric vehicle ecosystem
Gojek and PT TBS Energi Utama Tbk (TBS) has announced the formation of a joint venture to accelerate the adoption of electric vehicles (EVs) in Indonesia. The joint venture, known as Electrum, will act as a platform through which both companies will develop infrastructure for two-wheel EVs throughout the country, both parties said in a statement.
Singapore co-working firm Deskimo raises $3M Seed Round and expands to Jakarta
Combinator-backed Deskimo closed a $3M Seed financing round and is now launching in Jakarta as its first expansion market after Singapore and Hong Kong. The Singapore-based startup sees strong demand from companies that move to a permanently hybrid workplace, a shift that is happening all around the world.
Thailand’s WHA Group invests in Thai logistics startup Giztix’s $7.75M Series B funding round
WHA Group has joined Bualuang Ventures to become the main investor in the Series B funding round of GIZTIX, a Thai startup that provides a digital platform for e-Logistics, with total funding of more than $7.75 million. GIZTIX plans to use the funds to develop services and technologies in transportation and to expand the service areas while reducing…
