News
With $2.6M pre-Series A, Vietnam’s Dat Bike aims to drive the future of Southeast Asia’s e-bike market [Q&A with Founder & CEO Son Nguyen]
We want to transform the 250 million gasoline bikes in Southeast Asia to electric vehicles. We believe that if given a choice, everyone would pick electric over gas.
Retail analytics platform Trax raises $640M Series E led by SoftBank Vision Fund 2 and BlackRock
Trax plans to use the fresh capital to continue providing digital transformation solutions for brick-and-mortar retail companies by expanding its products.
With growing use from increased digitalization, career and recruitment platform Glints secures $22.5M Series C for APAC expansion
The company plans to use the fresh capital to support its overall mission of empowering the career development of 120 million professionals in Southeast Asia by expanding in Singapore, Indonesia, Vietnam, and Taiwan, and hiring for its product and engineering teams.
SaaS startup Nimbly Technologies secures $4.6M pre-Series A led by Insignia Ventures Partners
With its pre-Series A fund, the company looks to speed up its growth and gain more traction in its existing markets, as well as expand its reach across untapped markets within the region.
Indonesia InsurTech Qoala acquires Thai InsurTech FairDee, expands into Thailand a year following its $13.5M Series A
Through this acquisition, Qoala plans to speed up technology scalability and innovation across all its businesses by using its learning from Indonesia and Thailand to strengthen its core competencies and digital offerings across all its markets.
Indonesian FinTech startup Pluang secures $20M in pre-Series B led by Openspace Ventures
Pluang plans to utilize its fresh capital by investing in developing unique and proprietary financial products including new asset classes.
After $50M Series A, iSTOX tokenizes Temasek-backed Astrea VI private equity bonds for enhanced access and automation
Through tokenization, securities such as bonds, equity, and funds will be available on blockchain networks through smart contracts.
ADB Ventures announces first two investments: an India CleanTech and an EV company with planned Southeast Asia expansion
This is the fund's first investment since being founded in early 2020. ADB Ventures’ first vehicle closed at $60 million last September 2020, $10 million over its initial target.
Temasek-backed Openspace Ventures closes third vehicle at $200M
Since establishment in 2014, Openspace Ventures has invested in 33 companies across verticals including logistics, FinTech, AgriTech, EdTech, HealthTech, CleanTech, and B2B SaaS. One of the firm’s earlier investments includes Indonesian unicorn Gojek.
M Venture Partners maiden fund closed at $30.85M to provide early-stage venture capital for B2B and B2B2C startups
Targeting to invest in around 40 companies, the fund intends to focus on tech-enabled B2B or B2B2C startups in their pre-Series A to Series A round of funding with an average investment of $500,000 per startup.
