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Kumu breaches $100M in funds raised with Series C led by General Atlantic, aims to create the world’s largest participatory social network
This transaction marks the largest equity financing to date for a Filipino startup not founded as a subsidiary or spinoff of an established conglomerate. It also marks General Atlantic’s first investment in the Philippines. The funding will be used to double down on content investments both in the Philippines and around the world.
Privy raises $17.5M series B funding led by GGV Capital, expects faster digital transformation in Indonesia through digital identity and signing
Within five years, Privy has been enabling 18.5 million users to open bank saving accounts, stock trading accounts, apply for credit cards, insurance policy, lease a motor vehicle, submit invoice financing, take loans from fintech lending companies, sign rental contracts, and accept job offers without the need to travel and sign on hardcopy documents.
DroneTech startup Poladrone raises $4.29 M in Malaysia’s largest Seed round
The funding round will allow Poladrone to scale up operations to better serve customers across the region and to attract top talent to further improve its products.
India education infrastructure startup Teachmint plans international expansion with $78M Series B led by Rocketship.vc and Vulcan Capital
Teachmint will use this fresh infusion of funds to further strengthen its proprietary classroom technology as well as to expand into international markets. To accelerate growth, Teachmint will also extensively focus on growing its teams and hiring skilled talent, especially across product, technology, and design.
White Star Capital raises $360M for third fund, will open an office in Singapore
White Star Capital has secured $360 million for its third flagship fund, above its original target of $300 million, to invest in exceptional entrepreneurs building ambitious, global businesses.
Omise targets to triple transactional processing volume in Malaysia as it launches operations in the country
Businesses operating online in Malaysia now have access to the full strength of Omise’s modern payment gateway to accept payments securely, manage transactions, send payouts, and expand operations regionally to capture more sales and grow revenue. Meanwhile, businesses using Omise in Thailand, Japan, and Singapore can seamlessly expand their business and…
Indonesia SaaS firm Majoo raises $4M in pre-Series A led by AC Ventures to accelerate instant store development for MSMEs
With its new funding, Majoo will accelerate its instant online store's product development and market penetration for MSMEs.
Global streaming platform Viki founders launch TheVentures Singapore, a venture builder for startups across Southeast Asia
TVSG is focused on early-stage, high-growth tech businesses in Southeast Asia. It will seek opportunities in domains including e-commerce, community, FinTech, online to offline, biotech, healthcare, FoodTech, and sustainability.
Emerging Vision to grow further in India & US as online ‘fortune-telling’ services soar amid pandemic
The firm is also expected to rake in revenue of more than $6 million this year as demand for its astrology, tarot card reading services gained popularity.
India FinTech SaaS firm Clear raises $75M Series C to accelerate B2B and international expansion
The funds will be used to accelerate Clear’s expansion into Business to Business (B2B) credit and payments plus expansion into international markets.
