Yimie Yong
Indonesia social e-commerce platform Dagangan raises $11.5M Series A led by Monk’s Hill Ventures
The funding will be used to grow Dagangan's house brand of private-label local products, product development, talent acquisition, and grow partnerships with community leaders, key opinion leaders, local entrepreneurs, and village chiefs.
Singapore-based online spiritual wellness firm Emerging Vision raises $4M in Series A funding
The company will use the funds raised to enhance its live streaming technology- and AI-powered online spiritual platforms and scale its operations across new and existing markets.
Airwallex raises $200M in Series E led by Lone Pine Capital, reaches $4B valuation
The investment will support Airwallex's global expansion and enable the company to accelerate multiple product development initiatives across its engineering hubs, grow its sales teams and increase its breadth of offerings for SMEs and larger enterprises.
SOCAR Malaysia raises $55M in Series B funding from EastBridge Partners, Sime Darby
The $55 million investment will be channeled towards continuous technological enhancements and investing in further trust and safety measures that will help improve the overall profitability of the business.
Pakistan EdTech startup Maqsad raises $2.1M pre-Seed funding led by Indus Valley Capital
The COVID-19 pandemic created a global education crisis, which was more pronounced in developing countries. This gave rise to EdTech startups globally, with ventures in countries like India and Indonesia scaling rapidly to make education more accessible for the wider population.
Singapore-based RtistiQ launches Southeast Asia’s first online NFT-driven art marketplace
The online art marketplace leverages blockchain, non-fungible tokens (NFT) and near field communication (NFC) to provide provenance tracking and ensure authenticity of the artwork.
L Catterton-backed dental firm Zenyum plans expansion across Asia as clear aligners gain popularity
Zenyum's fundraising and expansion plans come as clear aligners are gaining popularity across Asia and Southeast Asia, trailing trends in the US and Europe. Since its founding in 2018, Zenyum said the company has grown exponentially, seeing a 4x revenue increase in 2020 alone.
Japan eGift firm Giftee invests in Indonesian customer loyalty platform TADA
Giftee's investment into TADA Network marks its second major investment outside of Japan as part of the company's expansion in Southeast Asia.
Thai alternative digital lending platform SCB Abacus closes a $12M Series A round led by Openspace Ventures
SCB Abacus will use the fresh funds to strengthen its digital infrastructures, drive product adoption and recruit additional talent.
Singapore online marketplace Carousell becomes Southeast Asia’s latest unicorn after raising $100M
The latest funding round also came after Carousell raised $80 million in an investment round led by South Korean tech giant Naver in September last year.
