News
Velocity by 917Ventures, a venture building program for Southeast Asia founders, to start 3-month bootcamp in April
Velocity is a 3-month corporate innovation program that enables venture builders to build their MVP, market their solutions, and refine their value proposition, along with Seed funding support for successful startups.
Indonesia last-mile delivery platform SiCepat closes $170M Series B and looks to potentially expand across Southeast Asia
The last-mile delivery startup plans to use its fresh capital to invest in working on its current services and infrastructure, and it is also entertaining the possibility of expanding in other markets within the Southeast Asian region.
Singapore e-scooter company Neuron Mobility gears up for South Korea launch to provide tech-driven micromobility options
The company will be launching 2,000 units that meet Korean safety standards to test how the product will be used in Seoul. It plans to scale its operations and deploy more units in the city later in the year.
Asia Partners closes its inaugural fund for Southeast Asia startups at $384M
Singaporean growth equity firm Asia Partners has closed its inaugural fund, Asia Partners I LP, at $384 million. This is the largest debut technology fund that will focus on investments in growth-stage startups in Southeast Asia.
Quest Ventures and ScaleUp Malaysia team up to invest in 11 companies for #Quest2Scale
The joint venture will be disbursing a total of $680,185 (RM2.75 million). Each of the 11 companies will be receiving an investment of $68,144 (RM250,000) to help grow their businesses.
AppWorks targets $150M Fund III to provide support for more startups across Taiwan and Southeast Asia, already raising $114M so far
With its Fund III, AppWorks is now stocking up on marketing securities to make more investments in sectors such as artificial intelligence, Internet of Things, blockchain, and decentralized finance.
UNObank to pilot in the Philippines as Xebia partners with Singapore-based DigibankASIA to launch the full-service digital bank
It will be a full-service digital bank that will have its pilot launch in the Philippines with a target to expand across the region.
P2P lending platform Amartha secures $50M debt financing to empower rural female entrepreneurs in Indonesia
with Lendable’s support, Amartha can take their business a step further and help empower Indonesia’s 22 million female micro-entrepreneurs to develop or start their businesses as the company tries to help the country recover economically post-pandemic.
Hybrid events platform Hubilo secures $23.5M Series A for product design and global expansion
Hubilo plans to use its Series A investment to continue expanding globally in both its existing market and possible new markets. It also plans to continue investing in product development as it works towards a version 2.0 that will give its clients a better overall experience for their events.
Singapore leads Southeast Asian FoodTech movement as Next Gen secures $10M Seed fund to launch its plant-based chicken alternative
Southeast Asia continues to grow in the FoodTech and meat alternative industry as investors continue to back foreign and regional companies. Singapore spearheads the movement with multiple startups and key investments in the industry.
