News

TinyTap, an edtech subsidiary of Hong Kong-based gaming firm Animoca Brands, educational games, has on Tuesday announced that it has raised $8.5 million. The funding comes from investors including Sequoia China, Liberty City Ventures, Kingsway Capital, Shima Capital, Polygon, GameFi Ventures, and others.

Finland-based electric vehicle (EV) charging platforms Virta Ltd, a portfolio company of Singapore based Venture Capital firm Vertex Holdings, has secured new €85 million ($93.33 million) growth funding.

The Ministry of Small and Medium-sized enterprises (SMEs) and Startups (MSS) in South Korea said it will invest around KRW 1 trillion ($748.43 million) in a fund of funds this year to boost the venture capital sector in the country.

ZEBOX, a global accelerator gathering a network of entrepreneurs, industry leaders and ecosystem experts, has on Tuesday announced the launch of its Asia Pacific hub in Singapore.

Lokal, India's hyperlocal content, community, and classified platform, announced Tuesday it has raised INR 120 Crore ($14.6 million) in Series B funding. The funding came from new investors Global Brain and Sony Innovation Fund, with participation from India Quotient and other existing investors.

Robocash Group sees FinTech development has a positive effect on people's overall happiness, due to strong correlation of 0.74 between happiness and fintech indices.

Japanese micromobility company Luup, Inc. has raised a total of approximately 4.5 billion yen ($33.55 million), bringing its total capital raised to date to approximately 9.1 billion yen ($67.85 million).

IFC, a member of the World Bank Group and the largest global development institution focused on the private sector in emerging markets, has established a presence in Malaysia to support the country's efforts to foster greater sustainable, resilient, and inclusive economic growth.

Cosmose AI (Cosmose), a Singapore-based platform that predicts and influences how people shop offline, has on Monday announced the strategic investment from NEAR Foundation, a Web3 technologies firm based in Switzerland, valuing the company at $500 million.

Cainiao emerged as the 10 th best performing unicorn in the world with an estimated valuation of $27 billion, an $8 billion increase from the company’s pre-pandemic valuation.