News
Malaysia’s Sunway University partners Carsome to set up data innovation lab
Malaysia’s Sunway University, through its innovation arm, Sunway Innovation Labs (Sunway iLabs), and Malaysia-based integrated car e-commerce platform Carsome, have forged a strategic partnership which includes the setting up of a data innovation lab in Sunway University. To be launched by the end of January 2022, the data innovation lab aims to…
Y Combinator-backed Tablevibe raises $1.5M led by Global Founder Capital
Tablevibe has raised a $1.5M seed investment round led by venture capital firm Global Founder Capital. Velocity Ventures and multiple angel investors, among which Farouk Kadous, founder of African fast-food chain Chickin Worx, also participated in the seed round.
Singapore space tech startup SpeQtral closes $8.3M funding round led by Temasek’s Xora Innovation
SpeQtral has successfully closed a $8.3 million financing led by Xora Innovation. With quantum cryptography fast becoming mainstream and the Quantum Key Distribution (QKD) market expected to be worth $20 billion by 2035, SpeQtral said this latest capital injection will allow the company to strengthen its position as a quantum-secure communications company.
Singapore multi-currency wallet YouTrip raises $30M to accelerate growth in B2C and B2B space
YouTrip has raised $30 million in its latest Series A round. The round, driven by returning investors from major Asian family offices and prominent financial technology investors, will solidify the fintech firm’s position as the leading neobank in Southeast Asia offering business to business (B2B) and business to consumer (B2C) multi-currency payments.
Singapore digital wealth platform Endowus adds $27M in funding to accelerate growth across Asia
The growing list of strategic partners bolsters Endowus’ key growth initiatives, including geographic expansion, the roll-out of new product offerings, and further development of its technology platform to enhance client experience. The company also plans to boost its human capital by doubling headcount across core functions and strengthening its technology…
Indonesia e-commerce solution platform Desty raises $5M in an extended pre-series A round from East Ventures
Desty, an Indonesia-based E-Commerce solution platform startup, announced Friday that it has secured $5 million of extended pre-series A round led by East Ventures (growth fund) with participation from Jungle Ventures and returning investors Fosun RZ and January Capital.
India’s Indifi Technologies raises $46M in Series D equity and debt funding
Indifi Technologies has raised a total of Rs 340 crores ($46) million in Series D equity and debt funding. CX Partners and OP Finnfund Global Impact Fund I (the first Finnish global emerging markets impact fund) along with existing investors CDC Group (the UK’s development finance institution), Omidyar Network, Flourish Ventures, Elevar Equity and Accel,…
Tencent-backed J&T Express raises $2.5B ahead of Hong Kong listing – report
J&T's main backers Boyu Capital, Hillhouse Capital Group and Sequoia Capital China, and Chinese internet giant Tencent Holdings were among investors in the latest fundraising.
Australia SaaS provider simPRO secures growth investment of over $350M from K1 Investment Management
simPRO has secured an investment of over $350 million from K1 Investment Management, with participation from existing investor Level Equity. It also announced the acquisitions of ClockShark and AroFlo. In addition to supporting the recent acquisitions, the funding will be used to accelerate product investment and scale global operations across the business.
Southeast Asia records robust IPO activity in 2021
Companies in Southeast Asia raised a record of $9.8 billion from 121 Initial Public Offerings (IPO) this year, out-performing the full calendar year 2020. The momentum in IPO activity continues to grow even as the region is still battling the Covid-19 pandemic, with the number of IPOs up by 6 percent, total funds raised rose by 39 percent and the total IPO…
