On location
After $50M Series A, iSTOX tokenizes Temasek-backed Astrea VI private equity bonds for enhanced access and automation
Through tokenization, securities such as bonds, equity, and funds will be available on blockchain networks through smart contracts.
AddVentures appoints Prakit Worawattananon as Managing Director to leverage SCG resources and start expansion
With four years of investments, AddVentures aims to scale its operations as it selected Prakit as its Managing Director. He has led AddVenture’s effort to lead and scale since January 2021. Prakit brings in his experience in logistics, packaging, chemicals, construction materials after leading SCG’s Zero-To-One and DeepTech Innovation.
Velocity by 917Ventures, a venture building program for Southeast Asia founders, to start 3-month bootcamp in April
Velocity is a 3-month corporate innovation program that enables venture builders to build their MVP, market their solutions, and refine their value proposition, along with Seed funding support for successful startups.
Singapore e-scooter company Neuron Mobility gears up for South Korea launch to provide tech-driven micromobility options
The company will be launching 2,000 units that meet Korean safety standards to test how the product will be used in Seoul. It plans to scale its operations and deploy more units in the city later in the year.
Quest Ventures and ScaleUp Malaysia team up to invest in 11 companies for #Quest2Scale
The joint venture will be disbursing a total of $680,185 (RM2.75 million). Each of the 11 companies will be receiving an investment of $68,144 (RM250,000) to help grow their businesses.
UNObank to pilot in the Philippines as Xebia partners with Singapore-based DigibankASIA to launch the full-service digital bank
It will be a full-service digital bank that will have its pilot launch in the Philippines with a target to expand across the region.
P2P lending platform Amartha secures $50M debt financing to empower rural female entrepreneurs in Indonesia
with Lendable’s support, Amartha can take their business a step further and help empower Indonesia’s 22 million female micro-entrepreneurs to develop or start their businesses as the company tries to help the country recover economically post-pandemic.
Singapore leads Southeast Asian FoodTech movement as Next Gen secures $10M Seed fund to launch its plant-based chicken alternative
Southeast Asia continues to grow in the FoodTech and meat alternative industry as investors continue to back foreign and regional companies. Singapore spearheads the movement with multiple startups and key investments in the industry.
