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AC Ventures raises over $205M for oversubscribed Fund III to invest in Indonesia’s next generation of technology leaders
AC Ventures has closed its Fund III with over $205 million in committed capital, bringing the firm’s total asset under management to over $380 million across its funds. The fund was oversubscribed and participated by renowned global and regional institutional investors, including the World Bank’s International Finance Corporation (IFC) and Disrupt AD, Abu…
India’s Zoomcar to start operations in Vietnam
Zoomcar, which dominates the self-drive car rental market in India, has expanded to Southeast Asia. This broader geographic expansion is in line with Zoomcar’s ultimate mission to democratize car access across the world’s largest, most populated, and fastest-growing emerging markets.
Grab to debut on NASDAQ after investors approve SPAC merger
Altimeter Growth Corp announced that its shareholders approved the business combination with Grab at an extraordinary meeting of shareholders on Tuesday.
India’s Slice turns unicorn after raising $220M led by Tiger Global and Insight Partners
Slice has raised $220 million in a Series B round that values the company at over $1 billion.The round was led by investors Tiger Global and Insight Partners. New and existing investors including Advent International’s Sunley House Capital, Moore Strategic Ventures, Anfa, Gunosy, Blume Ventures, and 8i also participated in the round.
Malaysia’s Sunway University partners Carsome to set up data innovation lab
Malaysia’s Sunway University, through its innovation arm, Sunway Innovation Labs (Sunway iLabs), and Malaysia-based integrated car e-commerce platform Carsome, have forged a strategic partnership which includes the setting up of a data innovation lab in Sunway University. To be launched by the end of January 2022, the data innovation lab aims to…
Y Combinator-backed Tablevibe raises $1.5M led by Global Founder Capital
Tablevibe has raised a $1.5M seed investment round led by venture capital firm Global Founder Capital. Velocity Ventures and multiple angel investors, among which Farouk Kadous, founder of African fast-food chain Chickin Worx, also participated in the seed round.
Singapore space tech startup SpeQtral closes $8.3M funding round led by Temasek’s Xora Innovation
SpeQtral has successfully closed a $8.3 million financing led by Xora Innovation. With quantum cryptography fast becoming mainstream and the Quantum Key Distribution (QKD) market expected to be worth $20 billion by 2035, SpeQtral said this latest capital injection will allow the company to strengthen its position as a quantum-secure communications company.
Singapore multi-currency wallet YouTrip raises $30M to accelerate growth in B2C and B2B space
YouTrip has raised $30 million in its latest Series A round. The round, driven by returning investors from major Asian family offices and prominent financial technology investors, will solidify the fintech firm’s position as the leading neobank in Southeast Asia offering business to business (B2B) and business to consumer (B2C) multi-currency payments.
Singapore digital wealth platform Endowus adds $27M in funding to accelerate growth across Asia
The growing list of strategic partners bolsters Endowus’ key growth initiatives, including geographic expansion, the roll-out of new product offerings, and further development of its technology platform to enhance client experience. The company also plans to boost its human capital by doubling headcount across core functions and strengthening its technology…
Striking while the iron is hot: The Philippine venture scene is heating up and getting hotter
TechNode Global’s series on the Philippines will delve into why Filipino entrepreneurs and founders are attracting venture capital (VC) money in droves. In this second part, we explore the rise in Series B (and now, C) fundraising rounds out of the Philippines in 2021, and what it signals for the startup ecosystem as a whole. Seven founders share how much…
