News
FoodTech VC firm Good Startup announces first close of $25M fund to invest in sustainable food
Good Protein Fund I aims to invest in startups that are focused on alternative protein solutions to build a sustainable food ecosystem.
Singaporean VC iGlobe set to invest in FinTech, BioTech, and smart cities with new $100M fund
iGlobe Platinum Fund III will focus on startups geared towards synthetic biology, FinTech, and developing new and innovative tech for smart cities.
Philippines startup Great Deals E-Commerce secures $30M Series B led by Fast Group
Great Deals plans to use its Series B fund to build an automated fulfillment center that will concentrate on tech development. This will be a big help for the company to meet the growing demand for e-commerce in the Philippines.
NGC Ventures launches $20M fund to invest in blockchain projects in Solana ecosystem
The fund is one of five strategic investment funds that are set to inject $100 million worth of new capital into the Solana ecosystem. The ecosystem is composed of a community of projects and apps that were built on the blockchain founded by former Qualcomm, Intel, and Dropbox engineers.
Returning investor Telkomsel boosts Gojek investment by $300M to grow Indonesia’s digital lifestyle infrastructure
Gojek’s total funding now sits at $5.3 billion. Telkomsel has been working together as early as 2018 when they partnered to subsidize mobile data costs incurred by Gojek’s driver-partners. In November 2020, Telkomsel invested $150 million into the company to explore a “broad range of collaboration opportunities.”
Acronis secures $250M increasing valuation to $2.5B to increase technical capabilities and datacenter presence
Acronis plans to boost the manpower in engineering, sales, and technical support teams. Currently, the company has 1,600 employees worldwide, with roughly 1,000 of them in technical roles. It plans to double the number of technical employees in Bulgaria, Israel, Singapore, Switzerland, and Arizona within the next 2 to 3 years.
Una Brands raises $40M Seed fund to consolidate small e-commerce brands in APAC
Una Brands indicated intends to use the capital to purchase and scale e-commerce brands operating in the Asia-Pacific region. The company plans to buy businesses that sell their products on leading e-commerce sites including Amazon, Shopee, and Lazada.
With 407M fans and 52B annual views on its belt, POPS Worldwide seeks to raise $50M Series D for regional expansion
The company is targeting to start its fundraising for its Series D within the year with a target of $50 million. POPS Worldwide shared that it plans to use the projected amount to “further innovate, grow and expand across Southeast Asia, starting with the Philippines, as well as go deeper into Indonesia where the company is seeing impressive traction.”
Former execs from Carousell, OVO & Airbnb launch Rainforest with $36M Seed fund to consolidate APAC Amazon Sellers
The startup will be using its seed fund to acquire Amazon FBA (Fulfillment by Amazon) brands, invest in technology, and bolster the company’s efforts in recruitment.
