Asia
XLD Finance raises $13M pre-series A funding led by Dragonfly Capital and Infinity Ventures Crypto
XLD Finance, a borderless decentralised ecosystem that provides financial tools to emerging economies, announced Wednesday that it has successfully raised $13 million during the pre-Series A funding round led by Dragonfly Capital and Infinity Ventures Crypto (IVC).
B Capital closes $250M early-stage fund dedicated to building the economy of the future
B Capital, a global multi-stage investment firm, announced Wednesday the $250 million close of Ascent Fund II (Ascent), its first dedicated early-stage fund.B Ascent invests in pre-seed through series A rounds globally, with an emphasis on the United States and Asia.
India’s Ola to invest $500M in battery innovation and indigenous cell R&D
la Electric, India’s largest electric vehicles (EV) company, announced Monday the investment of $500 million for setting up its state-of-the-art battery innovation center (BIC) in Bangalore. BIC will be one of the world’s largest and most advanced cell research and development (R&D) facilities with more than 165 unique and cutting-edge lab equipment to…
Phillip Securities becomes first brokerage firm in Asia to offer US Market Making service during Asian market hours
Phillip Securities, the brokerage arm of PhillipCapital, launched the US Asian Hours on 19 July 2022, which facilitates the trading of 38 US-listed equities and exchange-traded funds (ETFs) during Asian market hours, through both the web trading platform of Phillip’s Online Electronic Mart System (POEMS) and the latest POEMS Mobile 3 App.
AnyMind Group raises $29.4M in Series D funding to drive next-generation commerce
AnyMind Group, an end-to-end commerce enablement company has announced on Tuesday that it has raised ¥4 billion (approximately $29.4 million) in its Series D funding round, with total funding to date approximating $91.7 million.
India-founded healthtech firm Wysa secures $20M led by HealthQuad and BII
Wysa, an artificial intelligence (AI) digital platform for mental health originally founded in India, announced Thursday it has secured $20 million in financing. The round is led by HealthQuad, who along with British International Investment (BII), the UK’s development finance institution, joins earlier investors W Health Ventures, Kae Capital, Google…
India’s Detect Technologies raises $28M Series B funding led by Prosus Ventures
Detect Technologies, an artificial intelligence (AI)-based software as a service (SaaS) enterprise in India, announced Thursday that it has raised $28 million in primary and secondary funding. Prosus Ventures led this round with significant participation from existing investors Accel and Elevation Capital, and continued support from other existing…
Singapore’s Temasek warns of cautious outlook, expects to slow down investment
The state-owned investor has 13 offices in 9 countries around the world: Beijing, Hanoi, Mumbai, Shanghai, Shenzhen and Singapore in Asia; and London, Brussels, New York, San Francisco, Washington DC, Mexico City, and Sao Paulo outside Asia.
Animoca Brands raises over $75M to advance vision of open metaverse
Animoca Brands, the Hong Kong-based company advancing digital property rights for gaming and the open metaverse, announced Tuesday that it has completed a capital raise of $75.32 million. Investors in the round included Liberty City Ventures, Kingsway Capital, Alpha Wave Ventures, 10T, SG Spring Limited Partnership Fund, Generation Highway Ltd, Cosmic…
Vleppo, Tokel conduct digital procedure to make NFT rights legally enforceable in the real world
Web3 firms Vleppo and Tokel have successfully conducted a breakthrough digital procedure that will pave the way for the blockchain industry and non-fungible token (NFT) owners to establish and enable their legal rights embodied in the NFTs and digital transactions to be made legally enforceable in the courts of law around the world.
