Asia
Taiwan’s WeMo raises $15M from AppWorks to accelerate Southeast Asia expansion
WeMo Corp, a Taiwan-based urban mobility technologies firm, has on Wednesday announced the completion of a US$15 million Series A+ round of financing led by AppWorks, with participation from Taiwan National Development Fund.
Singapore’s Locad raises $11M Series A funding led by Temasek-backed Reefknot Investments
India-based supply chain tech startup Locad has raised $11 million Series A investment led by Singapore-based global venture capital Reefknot Investments. Other notable investors including Access Ventures, JGSummit, as well as returning investors Sequoia Surge, Febe Ventures, Antler, Hustle Fund, and Foxmont.
India’s Myelin Foundry raises $3M Series A round led by Visteon Corporation
Indian deep tech artificial intelligence (AI) startup Myelin Foundry has raised its Series A of $3 million led by Visteon Corporation, a global automotive electronics major. Other participating investors include current Myelin investors Endiya Partners, Beyond Next Ventures, and Pratithi Investment Trust.
South Korea’s HYU partners Singapore’s Farquhar VC for global expansion
Hanyang University Holdings (HYUH), South Korea’s first university-based investment-holding company, has on Friday announced its partnership with Singapore homegrown early-stage innovation ecosystem enabler Farquhar VC (FVC), to enable Hanyang University (HYU) and South Korean startups to thrive in the global stage.
B Capital closes third venture growth fund at $2.1B
B Capital, a global multi-stage investment firm, has on Thursday announced the close of its third venture growth fund and related companion funds (together, Growth Fund III), with aggregate capital commitments of approximately $2.1 billion.
PCCW, HKT launch metaverse virtual world PCCW-HKT Futurera
Hong Kong-based PCCW and HKT (PCCW/HKT) have announced the launch of PCCW-HKT Futurera, a virtual world in The Sandbox metaverse, introducing over 20 missions for players, such as games based on popular ViuTV show "Be ON Game", and serving as Hong Kong's first metaverse staff recruitment to explore Web3.0 talent through gamification.
Neopets raise $4M from Web3 leaders to bring 90s classic to the metaverse
Neopets Metaverse has on Thursday announced the successful closing of its latest investment round, where it raised $4 million in funding. This round saw participation from industry leaders in the gaming and blockchain sectors, including Polygon Ventures, Blizzard Avalanche Ecosystem Fund, Hashkey Capital, IDG Capital, and gaming giant, NetDragon Websoft.
Animoca Brands completes acquisition of WePlay Media
Animoca Brands, the Hong Kong-based company advancing digital property rights for gaming and the open metaverse, announced on Wednesday that it has completed the acquisition of WePlay Media Holdings LLC, a digital development studio and producer of mobile content based in United States.
South Korea’s PeopleFund raises $20M led by Bain Capital
PeopleFund Company, the South Korea artificial intelligence (AI)-based digital lending platform, has recently closed a $20 million funding round led by Bain Capital. A total of nine companies including Access Ventures, CLSA Capital Partners LendingArk Asia, D3 Jubilee Partners, 500 Global, Kakao Investment, TBT Partners, and IBX Partners have also…
