On location
Singapore’s Eureka Robotics raises $4.25M Pre-Series A round led by UTEC
Singapore-based robotics firm Eureka Robotics said Wednesday it has raised a Pre-Series A round of $4.25 million led by one of Asia’s largest deep-tech investment firms The University of Tokyo Edge Capital Partners (UTEC), with participation from Vietnam’s Touchstone Partners and Eureka’s seed round investor ATEQ.
SC Ventures and SBI Holdings sign MOU to speed up portfolio expansion and build ecosystems
SC Ventures, Standard Chartered’s innovation, fintech investment and ventures arm, announced that it had entered into a memorandum of understanding (MOU) with SBI Holdings, Inc. SC Ventures aims to expand their portfolio at a business and geographic level and to explore new ecosystems through this partnership.
Taiwan’s Gogoro to launch battery swapping platform & smartscooters in Israel
Gogoro Inc., a Taiwan-based battery swapping ecosystems provider, announced Thursday it was partnering with Israeli two-wheel vehicle distributor Metro Motor and Israeli gas and energy company Paz Group to launch its battery swapping platform and smartscooters in the Tel Aviv metropolitan area this summer and other cities in Israel in the future.
Vietnam’s EV maker VinFast’s IPO may be delayed till next year – report
The IPO is planned for the fourth quarter of this year.
Singapore’s Sea Ltd prepares move into Indonesia’s insurance sector – report
The US-listed tech firm has prepared plans to acquire an insurance company in Indonesia, Financial Times reported on Wednesday, quoting two people close to the discussions.
Temasek’s Fullerton Fund Management to list private equity fund on ADDX’s digital platform
Private market exchange ADDX said Wednesday it has partnered with investment specialist Fullerton Fund Management Company Ltd (Fullerton) to list Fullerton’s private equity fund of funds on its digital platform. The Fullerton Optimised Alpha Fund is a closed-end fund targeting 8 percent to 12 percent in returns per annum over its fund life of seven years.
Singapore insurtech firm CoverGo raises $15M Series A led by SemperVirens VC
CoverGo, a Singapore-based insurtech platform, announced Tuesday it has secured $15 million in Series A funding led by California-based SemperVirens VC with participation from US venture capital firms SixThirty, Tribeca Early Stage Partners and Fresco Capital. The startup's strategic investors include pan-African insurance group Old Mutual, Asia-based…
South Korea’s oHouse raises $182M Series D funding from SoftBank Ventures Asia and others
oHouse, a South Korean home furnishing and remodeling unicorn, announced Friday that it has raised $182 million Series D funding from prominent global investors to power the global growth of its groundbreaking lifestyle platform. The funding came investors including SoftBank Ventures Asia, BRV Capital Management, Vertex Growth which is anchored by…
SoftBank Ventures Asia leads South Korean Seadronix’s $5.8M new funding round
SoftBank Ventures Asia, the early stage venture capital arm of Japanese conglomerate SoftBank Group, announced Tuesday its participation in a $5.8 million new funding round of Seadronix, a next-generation, artificial intelligence (AI)-powered solution for the maritime industry that develops autonomous navigation and assistant systems in South Korea.
The K-Startup Grand Challenge 2022 opens its doors to Southeast Asia, Australia & New Zealand
Applications opened on Apr 15, 2022 and will close on May 31, 2022 for startups keen on the opportunity to work and build a strong foundation in South Korea.
