News
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.
China’s Black Lake continues to digitize industrial China and APAC with $77M Series C
Black Lake plans to use its fresh capital to invest in product development, manpower, market expansion, and creating an open platform for third-party partners. The company also plans to leverage its latest partnership with the Singaporean Temasek Holdings to further penetrate the Southeast Asian market, specifically in Vietnam and Malaysia.
More homegrown meat alternatives in Southeast Asia as Green Butcher secures $2M Seed fund for planned Q2 2021 mainstream launch
The startup plans to utilize the fresh capital by expanding its research and development team, and scaling its production capacity to launch into mainstream retailers by Q2 2021.
ErudiFi secures $5M Series A to expand its education-focused FinTech platform in Indonesia, Philippines
plans to utilize the fresh capital by investing in its manpower. It also plans to invest in product innovation and expand its operations in its existing markets.
Indonesian FinTech startup FUNDtastic secures $7.7M Series A for market expansion and new product development
The new fund aims to expand our market scope, and also develop more products and features.
Wireless tech startup Transcelestial to enter Philippines’ internet infrastructure market with $2M investment from Kickstart Ventures
The company aims to address the Philippines’ Internet infrastructure bottleneck problem through its tech. It plans to provide ISPs, enterprises, and government agencies with a cheaper alternative to traditional fiber optic cables without compromising on internet quality and reliability.
Eurazeo to allocate 40% of $97M Smart City II Fund for energy, mobility, property, & logistics investments in SEA & China
The new fund will continue to invest in companies seeking to address the challenges brought about by . The fund will mainly look at investing in energy, mobility, proptech, and logistics industries from around the world.
Grab gets backing from South Korean retailer Shinsegae Group’s corporate VC arm Signite Partners
The South Korean retail giant has been actively making moves to invest overseas through its VC arm, Signite Partners
