News

Draper Startup House Ventures launches first global fund, aims to create 1M entrepreneurs by 2030

The fund will have an Asia Pacific predominance, due to Draper Startup House International having Singapore as its headquarters. Its reach potential, the firm said, includes 60 countries and 30 industries already represented on the company’s platform.

South Korea 3D sketch software Sketchsoft raises $3.2M Series A co-led by SBVA for talent acquisition & further expansion into global markets

Sketchsoft, which aims to commercialize human-computer interaction technology for 3D sketches, will use the funding to expand its talent pool and explore new global markets in different fields.

Standard Chartered to provide $500M financing to BNPL firm Atome for its expansion

This funding will enable Atome Financial to grow and connect a wider ecosystem of merchants to a larger customer base, improving product access and financial inclusion for consumers across the region.

Indonesia all-in-one restaurant operations platform ESB raises $7.6M in Series A+ round led by Alpha JWC Ventures

With this fresh funding, ESB will further expand its proposition including tech-enabled upselling features, enhanced business intelligence (BI) platform, delivery solutions, payment solutions, financing, and human resources information system (HRIS) to become the dominant end to end F&B business operating platform.

Malaysia co-farming startup Fefifo raises $3.1M to scale operations and build up tech, data, engineering capabilities

Fefifo is a first-of-its-kind Agtech startup pioneering digitalized, standardized farming in ready-to-farm modern farm spaces called Co-farms. Smallholder farmers (aka “Agropreneurs”) can start their modern commercial farming business in Fefifo Co-farms by renting a pre-fitted office with managed farm services and sell to reliable, profitable contract…

Credit Suisse recognizes AirAsia Digital as tech unicorn alongside Carsome, Axiata’s Edotco

AirAsia Digital is valued at around $1 billion based on all-share transaction in July 2021, as reported by the company, Credit Suisse said in the report dated Oct 5.

Shoplinks raises $900K seed fund led by Cocoon Capital

Shoplinks will use the funds to strengthen its foothold in Indonesia before expanding into other Southeast Asian markets. Additionally, the funds will be used to grow its team and invest more in product development.

Singapore IoT firm UnaBiz raises $25M in Series B led by SPARX Group

The funding brings UnaBiz’ total capital raised to $35 million since it launched in July 2016.

Xfers’ digital assets platform StraitsX hits $1.48B in transactions in 2021

Adding on to this announcement is the unveiling of StraitsX’s new platform and identity. The new StraitsX platform features a redesigned and streamlined user interface to enable faster and more efficient navigation.

Malaysia-based Solarvest launches startup program focusing on RE, green tech, FinTech

Solarvest will assist in further fundraising and other grant applications that are relevant and help the company get connected by leveraging its extensive business network.