News
Singtel to invest an additional $100M into innovative technology start-ups through Singtel Innov8
Singapore telecommunications firm Singtel announced Tuesday its plan to invest a further $100 million into Singtel Innov8, its corporate venture arm, raising its total capital commitment to $350 million. With the capital injection, Innov8 will further expand its portfolio of investments in Southeast Asia, United States, China, Israel and Australia.
Indonesia’s GREENS secures pre- seed funding led by East Ventures
GREENS, an Indonesia-based integrated food technology startup, announced Tuesday that it has secured an undisclosed amount of pre-seed funding led by East Ventures, with participation from the other investors.
UNOAsia raises additional $11M pre-Series A led by Creador bringing total capital raised to $44.5M
To date, UNOAsia has secured $44.5 million in investment in its pre-seed, seed, and pre-Series A rounds, which includes drawn-down capital of $34 million.
Singapore’s OrBit Markets raises $4.6M funding led by Matrixport
OrBit Markets, a Singapore-based institutional liquidity provider in crypto options and structured products, said Sunday it has raised $4.6 million in an angel funding round led by Matrixport, a leading digital assets financial services ecosystem. It also saw participation from Brevan Howard Digital, New Form Capital, Maven 11 and Westridge Markets in this…
Malaysia’s Bank Islam chooses AWS as preferred cloud provider to power digital transformation
Amazon Web Services (AWS), an Amazon.com company, announced Monday that Bank Islam, Malaysia’s first listed Islamic financial services institution, has selected AWS as its preferred cloud provider to power its digital transformation.
Singapore’s 99 Group raises $52M Series C to expand in Southeast Asia
99 Group, a Singapore-based online property platform, has raised $52 million in a Series C round led by Gaw Capital Partners, more than doubles its total capital raised to over $80 million. This includes $37 million which is completed at the first close and a further $15 million to be raised over coming months, of which majority has already been committed.
Singapore’s Insignia Ventures raises $516M for third fund
Singapore-based venture capital firm Insignia Ventures Partners announced Monday the close of its latest funds totalling $516 million. This includes $388 million for the main fund IVPF III, $28 million for an Entrepreneurs’ pool that invests alongside the main fund and Annex Fund I at $100 million. These funds will focus on early-stage technology…
PSB Academy expands its City Campus with S$10 million high-tech STEM Wing
PSB Academy announced on Friday plans to launch PSB Academy City Campus: STEM Wing, an expansion of its City Campus in Marina Square.
Pakistan’s DealCart secures $4.5M funding led by Shorooq Partners
Pakistan-based social commerce platform DealCart announced Thursday that it has raised a $4.5 million pre-seed funding round led by Shorooq Partners. The round also saw participation from Fatima Gobi Ventures, Vibe Capital, 500 Global, i2i Ventures, Julian Shapiro, Rally Cap Ventures, Alex Lazarow, and several strategic angel investors.
Stripe and Saison Capital team up on new insights programme for Southeast Asia’s startups
Singapore-based venture capital firm Saison Capital will be introducing to its portfolio companies a new insights program in collaboration with Stripe, a United States and Ireland-based financial infrastructure platform for businesses.
