News

Cake DeFi has launched Cake DeFi Ventures (CDV), its venture capital arm with $100 million in earmarked capital. CDV is looking to invest in technology startups in Web3, gaming and fintech – especially those in the metaverse, non-fungible token (NFT), blockchain and esports industries, that will bring synergistic value to Cake DeFi’s core business.

Captain Fresh has raised $50 million in a Series C investment round co-led by Prosus Ventures and Tiger Global, both existing investors. Other participants in this round also included existing investors Accel India, Matrix Partners India, Ankur Capital, and Incubate Fund.

LEET Technology Inc. (LEET) has partnered with Smart Communications Inc. (Smart), to develop Smart GIGA Arena, the first all-in-one online esports gaming platform in the Philippines. Enabling Filipinos to pursue their mobile gaming passion, Smart GIGA Arena is built on a proprietary esports and social gaming platform, by LEET. This platform on the fastest…

Funding Societies has selected banking-as-a-service (BaaS) provider MatchMove to offer virtual card solutions to their micro, small, and medium-size enterprises (MSME) clients in addition to their approved loans at affordable interest rates. This partnership would solve the growing need for MSMEs to manage their digital business expenses.

ElevationSpace Inc. has raised seed funding of $2.7 million from six investors, bringing its total raise to approximately $3 million. Its seed round investors included Genesia Ventures, Inc., Plug and Play Japan, Tohoku University Venture Partners Co. Ltd, Innovations and Future Creation Inc, MAKOTO Capital Co., Ltd. and Leave a Nest Capital.

True Digital Park officially announces its strategic partnership with TechNode Global. Through our partnership, we can open up more opportunities and interactions between the tech startups across Thailand, China, and Southeast Asia, as well as breakthrough innovations and technologies that will drive a positive impact on the startup ecosystem.

Taiwan-based conversation management tool Cooby announced Tuesday that it has raised $2.9 million to date led by Sequoia India’s Surge and Pear VC.

Otipy has raised Rs235 crores ($32 million) in its Series B round led by Westbridge Capital. Existing investors SIG and Omidyar Network India also participated in the round. These fresh funds have come in six months for Otipy, after its series A funding of Rs76 crores ($10.2 million). The funding will help the startup to further strengthen its supply chain,…

Mighty Jaxx announced Monday the first close of $20 million in its oversubscribed Series A+ funding round, pushing the company’s valuation to over $200 million. The funding round, fuelled by burgeoning interest in the phygital and metaverse future, was led by East Ventures (Growth Fund) and includes new strategic investor Mirana Ventures - the venture…

Wavemaker Partners has closed its fourth fund at $136 million, making it the largest fund focused on early-stage (Seed/Pre-A) enterprise, deep tech, and sustainability startups in Southeast Asia. Surpassing its $120 million fundraising goal, Wavemaker's Fund 4 is 22 percent bigger than the previous fund ($111 million) that closed in October 2020. Fund 4…