News
Venture Capital growth to remain solid despite headwinds, says Preqin Global Report 2023
Although venture capital is the asset class most exposed to the current market turmoil, 2023 may prove a solid vintage for performance, Preqin Global Report 2023 revealed on Wednesday.
Indonesia’s Widjaja Family Investment Office leads US’s Alio $18M funding round
Alio, Inc., a United States-based medical technology company reinventing the management of chronic disease, announced it has raised $18 million in the initial close of a Series C financing, bringing the total amount the company has raised to over $50 million. The financing was led by the Widjaja Family Investment Office with participation from the company’s…
Teleport raises $50M to extend cross-border delivery services in Southeast Asia
Teleport, the logistics venture under Malaysia-based Capital A Berhad (formerly known as AirAsia Group Berhad), has raised new growth capital of $50 millionfrom large institutional credit investors to extend its cross-border delivery capabilities in all key Southeast Asian markets.
Google-backed South Korean edtech startup Mathpresso secures extended series C round
South Korea-based edtech startup Mathpresso announced Tuessday it has completed a Series C extension round, which brings the round’s total to approximately $70 million. The newest round was participated by Signite Partners – a corporate venture capital arm of Shinsegae Group and YBM – one of Korea’s largest education management companies.
Indonesia’s Eratani raises $3.8M seed funding round led by Singapore’s TNB Aura
Indonesia-based agri-tech startup Eratani has on Wednesday announced an oversubscribed seed funding round of $3.8 million, led by Singapore-based venture capital firm TNB Aura. This round of financing will be utilized to continue perfecting farming management programs that best suits farmers’ needs, strengthening core operation, and expanding to new……
South Korea’s SOOHO.IO secures $4.5M Series A+ from Woori Technology Investment
SOOHO.IO, the South Korea-based DeFi infrastructure service provider, is announcing $4.5 million in a Series A+ funding round from Woori Technology Investment Co Ltd. The funding will accelerate SOOHO.IO goal to become the SWIFT for Web3 in the Korean blockchain industry.
Gogoro supports Taiwanese government’s decision to extend electric two-wheel vehicle subsidy
Gogoro Inc., a Taiwan-based technology leader in battery swapping ecosystems that enable sustainable mobility solutions for cities, announced Tuesday its support for the Taiwan government’s decision to extend its electric two-wheel vehicle subsidy program for four additional years.
Malaysia’s Wellous to list on NASDAQ in merger with Malaysia-based SPAC Kairous Acquisition
Founded in 2016, Wellous is a health food and nutrition company that develops, manufactures, markets and distributes trusted and beneficial health and wellness products. The company said it offers only the best of nature, the most precious ingredients from a wide sourcing network. Based in Malaysia, Wellous’s products and services are distributed through…
Animoca Brands and TinyTap to disrupt education with auction of second set of Publisher NFTs
Animoca Brands, the Hong Kong-based company advancing digital property rights for gaming and the open metaverse, and its subsidiary TinyTap, the platform for user-generated educational games, announced Tuesday that the second series of teacher-authored Publisher non-fungible tokens (NFTs) will be auctioned on OpenSea starting at 19:00 (EST) on 15 December.
Gobi Partners joins B20-G20’s One Global Women Empowerment platform to accelerate women entrepreneurs
Leading pan-Asian venture capital (VC) firm Gobi Partners announced Monday that it has become one of the first VC signatories to support the One Global Women Empowerment (OGWE) platform launched by the Business 20’s (B20) Women in Business Action Council (WIBAC).
