On location
Singapore’s Neuroglee Therapeutics closes $10M Series A led by Openspace Ventures, EDBI
The funding injection will enable Neuroglee to launch virtual neurology clinics for patients diagnosed with mild cognitive impairment related to difficult-to-treat conditions such as Alzheimer’s disease, while also advancing the company’s DTx pipeline.
Singapore’s Sea aims to raise $6.3B in share & convertible bond sale
The company plans to use the net proceeds from the offerings for business expansion and other general corporate purposes, including potential strategic investments and acquisitions.
Singapore automotive startup Motorist raises $891K seed funding led by JobsCentral co-founder
Funds will be deployed to explore growth opportunities in Singapore and Malaysia, and kickstart its expansion into Thailand.
Malaysia SPAC AEI CapForce II Investment plans to raise $100M from IPO
At the proposed deal size, AEI CapForce II Investment would command a market value of $129 million.
For Kickstart Ventures, investment strategies revolve around the digital ‘new consumer’ [Q&A with Minette Navarrete]
Our investment strategy revolves around today’s new customer, who might be the digital consumer or the digital company. They might be digital natives, or they could be newly digital. In any case, technology plays a bigger, more important, more fundamental role in their daily lives today.
PayPal to acquire Japan BNPL unicorn Paidy for $2.7B
The acquisition will expand PayPal's capabilities, distribution and relevance in the domestic payments market in Japan, complementing the company's existing cross-border ecommerce business in the country, PayPal said.
Unicorns-in-the-making: The underrated, untapped, and unknown of Malaysia’s tech ecosystem
Malaysia’s tech ecosystem is finally coming of age, and this is the moment to unlock Malaysia’s Underrated, Untapped and Unknown Unicorns-in-making.
‘Indonesia-only’ VC firm Intudo Ventures closes $115M Fund III
Intudo Ventures Fund III will seek out opportunities in agriculture, B2B & enterprise, education, finance & insurance, healthcare, logistics, and new retail & entertainment, constructing a concentrated portfolio of 12-14 Indonesian homegrown companies.
Singapore e-commerce startup Rainforest raises $20M pre-Series A funding round led by Monk’s Hill Ventures
Funds will be used to drive Rainforest’s growth strategy, including expanding its portfolio of e-commerce brands in the home goods, mother & kids, personal care and pet categories by three times and growing its leadership team.
Pakistan logistics startup Truck It In extends pre-seed round to $4.5M
The extended round was again led by Global Founders Capital and Fatima Gobi Ventures. They have been joined by early-stage technology investment firm Picus Capital and Zayn Capital.
