On location
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.
China’s Black Lake continues to digitize industrial China and APAC with $77M Series C
Black Lake plans to use its fresh capital to invest in product development, manpower, market expansion, and creating an open platform for third-party partners. The company also plans to leverage its latest partnership with the Singaporean Temasek Holdings to further penetrate the Southeast Asian market, specifically in Vietnam and Malaysia.
Indonesian FinTech startup FUNDtastic secures $7.7M Series A for market expansion and new product development
The new fund aims to expand our market scope, and also develop more products and features.
Wireless tech startup Transcelestial to enter Philippines’ internet infrastructure market with $2M investment from Kickstart Ventures
The company aims to address the Philippines’ Internet infrastructure bottleneck problem through its tech. It plans to provide ISPs, enterprises, and government agencies with a cheaper alternative to traditional fiber optic cables without compromising on internet quality and reliability.
Rocketship.vc backs BukuWarung in improving digitalization, monetization for micro biz across Indonesia
BukuWarung plans to use its fresh capital to expand its tech and product teams in Indonesia, Singapore, and India. It will concentrate on becoming more self-sustaining by working on its payments solution and releasing new monetization products.
Indonesia InsurTech platform PasarPolis raises $5 million in equity financing from The World Bank Group’s IFC
PasarPolis aims to increase insurance penetration and literacy across the region, with plans to scale its Vietnam and Thailand markets this year.
Bot MD secures $5M Series A amid pandemic-driven demand for MedTech
Fresh capital will be used to expand in other Asia-Pacific countries such as Indonesia, Malaysia, India, and the Philippines and improve the platform to include new features based on accelerated demand driven by the pandemic.
