News
Singapore’s Tin Men Capital announces the first close of Fund II
Tin Men said in a statement that the new Fund II will continue the vision of Fund l in building on Tin Men's track record of investing in business to business (B2B) technology startups from South-East Asia. Its focus is software companies that primarily address opportunities in underserved and under-digitised industries.
Hong Kong’s Wada Bento bags $2.8M Pre-Series A funding for expansion
Wada Bento, A Hong Kong start-up with a new decentralised foodservice platform, announced Wednesday the successful conclusion of a fresh round of Pre-A funding, landed over HK$22 million ($2.8 million) since seed funding. Investors include Golden Resources Development Limited, Cyberport Macro Fund, EthAum Capitals in Singapore, Hong Kong Tech300, Gravity…
Higher interest rates challenge APAC digital banks, says Fitch
Fitch Ratings said Wednesday that it believes that many new digital banks in the Asia-Pacific (APAC) region will find it more challenging to achieve financial viability as interest rates increase, economic growth slows, and funding conditions tighten.
Y Combinator-backed Philippine startup Shipmates raises $2.2M to grow shipping platform
Shipmates, Philippine-based shipping platform backed by Y Combinator and Iterative, announced Thursday that it had raised $2.2 million in a seed funding round. The seed round was participated by Cathexis Ventures, Wavemaker Partners, Taurus Ventures, Capital X, Sketchnote Partners and other prominent investors.
Iglobsys Technology acquires Malaysia’s Mason Games for $1M
Mason Games Sdn. Bhd., a mobile game development studio announced Thursday that it has been acquired by Iglobsys Technology Sdn. Bhd for $1 million. The acquisition, which took place one year after the establishment of Mason Games in July 2021, is to bolster the studio’s growth in various areas including embarking on their maiden blockchain game project.
Vietnamese EdTech startup EDUPIA raises $14M Series A funding led by Jungle Ventures
Vietnamese EdTech startup EDUPIA has announced a $14 million Series A fundraise led by Jungle Ventures. The round also saw participation from Alibaba-backed eWTP Capital, and Vietnam-based VC, ThinkZone Ventures.
Singapore’s Nektar exits stealth mode to help companies navigate the downturn by fixing CRM data leak
Revenue operations solution provider Nektar.ai is addressing the ‘CRM data leakage’ problem and has launched the general availability of its artificial intelligence (AI)-enabled revenue activity capture and intelligence solution.
CREDAI and Venture Catalysts form $100M Proptech fund in India
The Confederation of Real Estate Developers’ Associations of India (CREDAI) and Venture Catalysts, an India-based integrated incubator and accelerator for startups, have partnered to set up a $100 million PropTech fund to invest in startups bringing in innovative disruption in the realestate sector.
Australia’s Morse Micro raises $140M Series B funding led by Japan’s MegaChips Corporation
Morse Micro, an Australia-based fabless semiconductor company reinventing Wi-Fi for the Internet of Things (IoT), announced Tuesday $140 million in Series B funding. The round was led by MegaChips Corporation, a leading ASIC and SoC services company based in Japan.
China’s Tencent up stake in French gaming firm Ubisoft
Chinese multinational technology and entertainment conglomerate Tencent has increased its stake in French gaming firm Ubisoft to 9.99 percent from 4.5 percent. Tencent is paying €300 million ($297.19 million), including €200 million ($198.13 million) share acquisition and €100 million ($99.06 million) capital increase, to Guillemot Brothers for 49.9 percent…
