News
Sea Ltd former Chief Strategy Officer Alan Hellawell joins AC Ventures as Senior Advisor & Venture Partner
AC Ventures(ACV), an early-stage Indonesia-focused Venture Capital firm, said Wednesday it has appointed Alan Hellawell as Senior Advisor and Venture Partner. Alan will bring to bear deep technology industry experience to support ACV’s portfolio companies in areas such as value creation, advisory, and strategic introductions; as well as apply his expertise…
Vietnam’s Finhay raises $25M Series B co-led by Openspace Ventures and VIG
Finhay, Vietnam-based digital investment platform, said Wednesday it has secured a $25 million Series B round co-led by Openspace Ventures and VIG, along with Insignia, TVS, Headline, TNBAura and IVC.
Indonesia startup studio alumni achieves over $22.7M funding
Startup Studio Indonesia (SSI), a government-initiated incubation program for early-stage startups, officially opened registration for the Batch 5 program in May. The intensive program, developed under the Ministry of Communications and Informatics (Kominfo), aims to assist and advance Indonesia’s early-stage digital startups to achieve product-market……
Malaysia to focus on creating smart cities, says Science Minister
Through this collaboration, the innovations developed by start-up company, Sunway iLabs Super Accelerator, could be channeled to NTIS for testing in an actual urban setting developed by Sunway and for monitoring and sponsorship before taking the technological solutions to the market and implemented across the nation.
Bigpay launches cash pickup services in Indonesia and the Philippines to drive convenient remittances
BigPay, a Southeast Asian fintech company, announced on Tuesday the launch of its Cash Pickup services in Indonesia and the Philippines, as an added feature to its existing remittance feature. Cash Pickup is a delivery method through which BigPay users can transfer money to another recipient without a bank account, allowing the recipient to collect the…
Malaysia’s Naluri secures $7M pre-series B funding round led by Pruksa Group
Malaysian digital health service provider Naluri Pte Ltd (Naluri) announced Tuesday it has secured a $7 million pre-series B funding round led by Pruksa Group, Thailand’s leading real estate development group. The round is joined by Bertelsmann Investments from Germany and Striders Corporation from Japan and is supported by several returning investors,…
Hong Kong’s Babel Finance raises $80M Series B funding, valuation hits $2B
Babel Finance, a Hong Kong-based crypto financial service provider that provides digital asset loans, said Tuesday it has raised $80 million in a Series B funding round, and the investment increased the company's worth to $2 billion. Leading venture capital companies such as Circle Ventures, 10T Holdings, Jenerations Capital, BAI Capital and Bertelsmann,…
Singapore’s mum-focused e-commerce brand aggregator Rainforest raises $45M in equity funding
This latest financing brings Rainforest’s total capital to over $100 million since its launch in January 2021, the company further expects to reach profitability by the end of 2022.
India’s ShareChat closes $520M round at $5 billion valuation
ShareChat (Mohalla Tech Pvt Ltd), India’s largest homegrown social media company, announced Thursday the closure of its multi-tranche funding round through which it raised a total of $520 million and reached $5 billion in valuation.
Indonesia’s Desty bags funding in Square Peg led round
Desty, an Indonesia-based startup building a full stack e-commerce solution for merchants, announced Thursday it has raised a new round of funding led by Square Peg. This is in addition to funds raised from a Pan Asia investor base last year, including East Ventures, Jungle Ventures and 5Y Capital and other prominent angel investors in the region.
