Asia
South Korea’s DoubleMe lands $25M Series A funding co-led by Coentry Investment and NH Investment
South Korea-based real-world metaverse startup DoubleMe said Wednesday it has raised $25 million in a Series A funding co-led by Coentry Investment and NH Investment with a strategic investment from Samsung Electronics.
Singapore FinTech platform Recur Club raises $30M seed round led by InfoEdge Ventures and Village Global
Recur Club, a Singapore-based FinTech platform facilitating non-dilutive growth capital for companies with recurring revenues, said Tuesday it has closed its $30 million seed funding round, as a combination of equity and debt allocation. The funding round was led by InfoEdge Ventures and Village Global, with financing for the platform from marquee…
SoftBank Robotics partners UnaBiz to integrate IoT and robotics to boost facility management operations efficiencies
SoftBank Robotics Group Corp., a robotics solutions provider under Softbank, announced Monday that it has partnered with UnaBiz, a massive internet of things (IoT) provider based in Singapore, to initiate a seamless integration of IoT sensors and robotics in building management and maintenance that will streamline work processes, allowing efficient…
Hong Kong’s Animoca Brands to acquire French blockchain game developer Darewise
Animoca Brands, the company Hong Kong-based firm advancing digital property rights for gaming and the metaverse, announced Wednesday it will acquire Darewise Entertainment, a France-based game developer founded by veterans of the AAA games industry that is currently developing the high-quality blockchain MMO Life Beyond. The collaboration will facilitate…
Japan e-scooter sharing operator Luup raises $8M through debt and asset financing
Luup, Inc, a Japan-based sharing service of electric micromobility including e-scooters and e-bikes, said Wednesday it has raised a total of 1 billion yen ($7.97 million) through debt and asset financing. This is the first time in Japan that an e-scooter sharing service operator has raised funds through asset financing, and this financing brings Luup’s…
Japan messaging app LINE launches NFT marketplace in Japan
LVC Corporation, operator of Japan-based LINE's crypto asset and blockchain businesses, on Wednesday launched LINE NFT, a non-fungible token (NFT) marketplace available only in Japan.
EY: Global IPO market sees significant slowdown in Q1; Malaysia’s exchanges lead by proceeds in Asean
During this quarter, Indonesia’s IDX was most active by deal numbers (12 IPOs raising $219 million), while Malaysia’s exchanges led by proceeds ($362 million via 5 IPOs). In other Asean exchanges, Thailand’s exchanges saw 5 IPOs raising $228 million, the Philippines Stock Exchange had 4 IPOs raising $201 million while Singapore’s Catalist welcomed 3 IPOs…
India’s Pine Labs makes significant investment in Mosambee, boosting latter’s valuation to $100M
India-based merchant commerce platform Pine Labs announced Wednesday that it has made a significant majority investment into Mosambee, a end-to-end payment solution provider in India. This investment will now value Mosambee at upwards of $100 million.
India’s PhableCare raises $25M in Series B funding led by Kalaari Capital
PhableCare, an India-based chronic disease management company, said Monday it has raised Series B funding of INR187 crores ($25 million) led by Kalaari Capital with participation from Aflac Ventures, Digital Horizon, Stride Ventures. Existing investors, Omron Ventures, SOSV, Social Starts, and Fresco Capital also participated in the round.
Singapore co-living firm Hmlet merges with European player Habyt
Hmlet,a Singapore-based flexible living company, said Tuesday it is merging with Habyt, a European co-living player, to create a global company catering to the fast-growing flexible living sector. The combined group will have a presence in 10 countries and 20 cities.
