Asia
KKR leads $190M Series C round in South Korean online fashion platform MUSINSA
MUSINSA, an online fashion platform in South Korea, has raised $190 million in Series C fundraise led by KKR, a global investment firm. The round also saw participation from Wellington Management, one of the world’s largest independent investment management firms.
McDonald’s Hong Kong launches McNuggets® Land experience in The Sandbox
The Sandbox, a decentralized gaming virtual world and subsidiary of Animoca Brands, has been selected as the platform to build the first Web3 experience for McDonald’s Hong Kong.
Indian cyber security startup PingSafe launches from Stealth with $3.3M to outsmart attackers
PingSafe, an India-based cloud-native application protection platform (CNAPP) platform powered by attacker intelligence, has on Thursday announced its emergence from stealth mode with $3.3 million in seed funding. The funding round was led by Sequoia Capital India & Southeast Asia's (now known as Peak XV Partners) Surge.
Manta Network developer p0x labs raises $25M Series A funding
P0x labs, the cryptographic development team building Manta Network, has on Thursday announced its $25 million Series A funding, led by Polychain Capital and Qiming Venture Partners, bringing its valuation to $500 million.
US-based Ares Management acquires Singapore-based private equity firm Crescent Point Capital
United States investor Ares Management Corporation (Ares) announced Monday that it has entered into a definitive agreement to acquire 100 percent of Crescent Point Capital (CPC), a Singapore-based private equity firm.
Hong Kong’s Rice Robotics raises $7M Pre-A funding to expand footprint in Japan
Rice Robotics, a Hong Kong-based workforce automation start-up, has successfully secured $7 million in pre Series A funding. A portion of the funding has been allocated to establish a production plant in Hong Kong. The company also aims to bolster its manufacturing and supply chain capabilities and position itself for expansion into the promising Japanese…
Hailstone Labs invests in InsurTech firm OneDegree to facilitate digital asset legalization
Hailstone Labs, a Hong Kong based Web3 venture studio, has announced a strategic investment in OneDegree Group, a InsurTech company with business across Asia. The collaboration aims to establish standards, facilitate blockchain technological advancements and development talents in the Web 3.0 sector.
Indian open-source low-code platform ToolJet raises funding from Microsoft’s M12 Fund, GitHub
ToolJet, the open-source low-code platform for developers in India, announced Monday that it has secured an investment from M12, Microsoft’s venture fund and GitHub via the M12 GitHub Fund to fuel its next stage of growth.
Indian SaaSOps platform Zluri raises $20M in funding round led by Lightspeed
Indian software as a service (SaaS) operations(SaaSOps) platform Zluri has on Thursday announcing a $20 million funding round. The Series B funding round was led by Lightspeed, with participation from existing investors including MassMutual Ventures, Endiya Partners and Kalaari Capital.
Asia startup funding falls 50 percent in first half as late stage continues decline, says Crunchbase
Funding to startups in Asia in the first half of 2023 dropped 50 percent from the previous year — spurred on by fewer large, late rounds, and mirroring the global venture market, Crunchbase said Thursday.
