Asia
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.
Urban solutions & sustainability dominate the 11th Lee Kuan Yew Global Business Plan competition revolutionary finalists
With the theme 'Innovations Beyond Boundaries - Reimagining a Smart, Sustainable & Resilient Future’, one of Asia’s largest university-led startup challenge empowers young founders to solve urgent global challenges through deep-tech solutions.
India’s Wipro commits to invest $1B in AI over the next three years
India-based technology services and consulting company Wipro Limited said Wednesday it will commit to make a $1 billion investment in advancing artificial intelligence (AI) capabilities over the next three years.
LeapFrog Investments plans to commit over $500M to climate solutions in Asia and Africa
Global private investment firm LeapFrog Investments plans to commit $500 million to companies combating climate change in Africa and Asia, providing green tools and technologies to 50 million low-income people.
Sequoia Capital’s China unit sets up office in Singapore – report
HongShan told the FT it had a “strong foundation of trust” with PeakXV and there would be opportunities for both teams to collaborate.
Bain & Company to acquire global venture-building studio Rainmaking APAC arm
Global management consulting firm Bain & Company has on Friday announced that it intends to acquire the Asia Pacific (APAC) arm of global venture-building and start-up development studio, Rainmaking, to help companies across the region better innovate, launch, and scale new businesses.
Hong Kong’s OneDegree receives venture debt financing from HSBC
OneDegree Group, a Hong Kong-based InsurTech company, has on Thursday announced that the group has closed its first venture debt financing transaction with HSBC. The facility is provided under the HSBC New Economy Fund.
