News

Vietnam-based sustainability company EQUO said Tuesday it has raised $1.3 million seed funding led by NextGen Ventures with participation from Techstars and East Ventures. Prominent angel investors Luke Vigeant of Shed Capital; Jeff Hohner of Tecumseh Capital; Jack Tai, Chief Executive Officer and Co-Founder of OneClass; Mark Groves, Founder of Create The…

Ordinary Folk, a digital health technology startup based in Singapore, announced Thursday its Pre-Series A funding of $5 million by Monk's Hill Ventures. The funding will be used to accelerate hiring talent to build a differentiated CX in healthcare using tech, expand in new markets (Hong Kong and other Asian cities), while continuing to scale in Singapore.

Crown Digital, the Singapore-based full-stack hardware and software tech start-up behind ELLA the robot barista, said Wednesday it has raised S5 million ($3.66 million) in a Pre-Series A round from Temasek Holdings’s Heliconia Capital Management, Momentum Ventures (SMRT), ParticleX, Leave a Nest, Gloca Link and M4ever.

FundPark, a Hong Kong-based eCommerce liquidity solution and technology provider, announced Wednesday the closing of an asset-backed securitization (ABS) facility of up to $250 million with Goldman Sachs as senior facility provider. Through this ABS facility, FundPark proprietary platform will serve to bridge the working capital finance needs of small to…

Singapore's largest clean energy solutions provider Sunseap Group has on Tuesday signed a Memorandum of Understanding (MoU) with the provincial government of Indonesia's Riau Islands to develop large-scale solar energy and storage plants that will supply electricity to the Riau Islands and Singapore.The MoU covers the availability of 3,000 hectares of land…

South Korea-based real-world metaverse startup DoubleMe said Wednesday it has raised $25 million in a Series A funding co-led by Coentry Investment and NH Investment with a strategic investment from Samsung Electronics.

Indonesian-based food tech startup OFF FOODS announced Tuesday its $1.7 million seed funding round led by Alpha JWC Ventures and participated by Global Founders Capital (GFC) and other strategic investors including Creative Gorilla Capital, Lemonilo, and United Family Capital (UFC). With this fresh seed capital, OFF FOODS plans to invest in its research and…

TechCreate Solutions Private Limited (TechCreate), a Singapore-based technology services group specialising in digital payment and digitalisation solutions, and Diginius Pte. Ltd. (Diginius), a provider for information technology (IT) security and infrastructure solutions, on Tuesday announced a merger between both companies via a share swap transaction…

Recur Club, a Singapore-based FinTech platform facilitating non-dilutive growth capital for companies with recurring revenues, said Tuesday it has closed its $30 million seed funding round, as a combination of equity and debt allocation. The funding round was led by InfoEdge Ventures and Village Global,  with financing for the platform from marquee…

Aura FAT Projects Acquisition Corp,a special purpose acquisition company (SPAC) focused on funding emerging technology start-ups with an acute growth potential in Southeast Asia and Australasia, announced Tuesday the successful close of its initial public offering (IPO) of $115 million.