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Singaporean logistics firm GoComet banks $7M Series A funding led by Rider Global and Atlas Ventures
GoComet has closed $7 million in Series A financing led by Rider Global and Atlas Ventures. Jetty Ventures, Rebright Partners, Leo Capital and Krishna Capital also participated in the round. The funding will fuel the further development of GoComet's platform and accelerate its customer growth and expansion in the United States (US) and Europe, in line with…
Indonesian SaaS firm Majoo nets $5M more in pre-series A round led by AC Ventures & Quona Capital
Majoo has raised $5 million more in pre Series A funding led by AC Ventures and Quona Capital with participation from BRI Ventures, Xendit, bringing the total raised for the latest round to $9 million. With its new funding, it will accelerate its product development including instant online store, and marketplace integration, enhance market penetration and…
The public needs to understand science and believe in it, says VinFuture Prize Council’s Professor Văn-Chí Đặng [Q&A]
Young people are the promise for the future. Science and technology will help us solve many of our problems. And then I think the third one would be we need to educate the public. The public needs to understand what we're doing and be able to believe in science.
Japan’s Mizuho Bank leads neobank Tonik’s $131M Series B
Mizuho Bank, one of Japan's largest banking groups, is the latest big backer of Philippine digital bank Tonik, leading its $131 million Series B round of funding.
Singapore’s fintech investment tops $3.94B in 2021 as interest in crypto and blockchain surges, says KPMG
Singapore’s fintech industry hit a five-year high at 191 deals transacted in 2021, a 37 percent increase compared to 2020’s deal count (139 deals) and a 91 percent increase from 2019’s figures (100 deals), said a KPMG report on Tuesday.Total transaction value in Singapore also surged by 59 percent year-on-year at $3.94 billion, across venture capital (VC),…
NVIDIA, SoftBank announce termination of NVIDIA’s acquisition of Arm due to regulatory challenges
NVIDIA and SoftBank Group Corp announced Tuesday the termination of the previously announced transaction whereby NVIDIA would acquire Arm Limited from Softbank. Both parties have agreed to terminate the agreement because of significant regulatory challenges preventing the consummation of the transaction, despite good faith efforts by the parties. Arm will…
Taiwan’s Infinity Ventures Crypto closes its first fund at $70 Million to back GameFi, DeFi and Web 3 innovations
Taiwan's Infinity Ventures Crypto (IVC) announced the closing of its inaugural fund capped at $70 million to jumpstart and accelerate the growth of global GameFi, DeFi and Web 3 innovations. As Asia’s most active fund targeting the region’s booming crypto industry, IVC is participated by heavyweights such as Circle, Digital Currency Group, and Animoca…
Malaysian fintech startup IIMMPACT raises $2 million funding from Sequoia India’s Surge
IIMMPACT announced Wednesday $2 million in seed funding by Sequoia India’s Surge. IIMMPACT is Surge’s first startup founded and based in Malaysia. The funding will be used to accelerate product development and expand hiring.
Hong Kong’s ITCS Group secures investment from Singapore’s Dymon Asia Private Equity to accelerate growth globally
ITCS Group has secured a strategic growth investment from Dymon Asia Private Equity (DAPE). Partnering with DAPE will enable ITCS to rapidly accelerate its growth to scale up the tech industry in Asia-Pacific over the next two to three years.
SO-COL raises $1.75M in seed funding co-led by DeFiance Capital and Animoca Brands
SO-COL (Social Collectables) announced the close of a $1.75 million seed round. The funding round was co-led by DeFiance Capital and Animoca Brands, with participation from Three Arrows Capital, Mechanism Capital, Global Founders Capital, Double Peak Group, Antifund, Genblock Capital, and Kronos Research. SO-COL will use the proceeds of this funding round…
