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ADIA to lead GoTo Group’s pre-IPO fundraising with $400M investment
GoTo Group has entered into an agreement with Abu Dhabi Investment Authority (ADIA) to lead GoTo's pre-IPO fundraising with a $400 million investment.
ASX-listed Novatti acquires Malaysia FinTech firm ATX Group for up to $7.4M
The acquisition enables Novatti to scale existing ATX businesses while looking to introduce additional Novatti services to the Malaysian market, such as billing.
Singapore EdTech Geniebook raises $16.6M Series A led by East Ventures and Lightspeed to scale team with strategic new hires
Since the start of 2019, Geniebook has achieved impressive revenue growth of over 2,000 percent with a fast-growing user base of over 150,000 in Southeast Asia. In Vietnam alone, revenue grew by 3 times versus 2020. The profitable Singapore-headquartered company continues to fly the flag for Singapore education regionally with offices now located in…
Singapore-headquartered trading app MarketWolf secures $5.5M Seed funding
MarketWolf had raised $1.7 million during its angel round and has raised a total of $7.2 million to date. This fresh funding will be utilized to build new products, expand the user base and attract top talent
500 SEA expects more unicorns in Southeast Asia following successful exits like Grab, Bukalapak
The Southeast Asian fund will start expanding its investment mandate and investing more into countries like Vietnam, and the Philippines.
Singapore’s Temasek to invest $739M yearly in deep-tech – report
The sectors in focus include advanced manufacturing, disruptive materials, net-zero tech, life sciences, and food tech.
Carousell Group acquires Singapore-based sneaker marketplace Ox Street to accelerate re-commerce growth
Following Carousell Group’s investment from STIC Investments, this acquisition of sneaker marketplace Ox Street underpins the group’s strategic priority to accelerate its re-commerce growth in Greater Southeast Asia.
Indonesian boutique hotelier ARTOTEL Group raises Series B financing to fuel expansion
ARTOTEL Group will utilize the proceeds of this financing to drive expansion through an aggressive merger and acquisition strategy in Indonesia’s hospitality sector and invest in strengthening the group’s core business infrastructure, digitizing operations, and enhancing sustainability throughout the organization.
Singapore’s ION Mobility completes $6.8M Seed round ahead of smart electric motorbike launch
ION Mobility is preparing to unveil its smart electric motorbike later this year. With this latest round of institutional capital, the company takes the next step to set up its manufacturing operations in Singapore and Indonesia in preparation to launch in-market.
Claroty opens regional headquarters in Singapore after securing $140M Series D funding to meet growing demand for cybersecurity
The office opening comes shortly after Claroty’s $140 million Series D fundraise, which included participation from Temasek, Singapore's state investor. The company raised the round in order to meet rapidly accelerating global demand for The Claroty Platform’s visibility, threat detection, risk, and vulnerability management, and secure remote access…
