Asia
India’s Vance raises $5.8M seed round led by Hummingbird Ventures
India-based neo-banking platform Vance has raised $5.8 million in a seed round led by Hummingbird Ventures. The round also saw participation from Global Founders Capital, YCombinator, Soma Capital and seasoned angels such as Alan Rutledge and Gokul Rajaram.
India’s Lissun raises $1M Pre-Seed round from IvyCap Ventures and others
Lissun, an India-based full-stack solution for mental and emotional healthcare, has announced close of its $1 million Pre-Seed fundraise round. The round led by IvyCap Ventures witnessed participation from syndicates like We Founder Circle and Supermorpheous.
YAS MicroInsurance completes $4.5M Pre-Series A round led by Noria Capital, ZEMU VC & JKL Capital
YAS MicroInsurance (YAS), an insurance on-blockchain pioneer in Hong Kong, has announced the completion of their Pre-Series A fundinground, raising $4.5 million. The round was led by Noria Capital, ZEMU VC and JKL Capital.
McLaren Racing launches 7-page comic NFTs on Tezos
Formula 1 powerhouse McLaren Racing launches a 7- page comic series of NFTs on the energy-efficient Tezos — also an official Technical Partner of the team — ahead of the Singapore and Japanese Grands Prix happening on 2 October and 9 October respectively.
Softbank-backed Carro sees ‘many’ opportunities in Japan market; eyeing Australia, Philippines, Vietnam
Besides Japan, Carro is also eyeing several markets including Australia, Philippines, Vietnam markets, Narushima said.
Grab targets group adjusted EBITDA breakeven by second half of 2024
Singapore-based super app Grab Holdings Limited announced Tuesday that it is targeting to achieve breakeven on a group adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) basis by the second half of 2024, as it accelerates its path to profitability.
US’s Wasabi Technologies closes $250M new funding
Wasabi Technologies, a Japan-based hot cloud storage company, announced Wednesday it has achieved unicorn status following $250 million in new funding. The firm has raised $125 million in Series D equity led by L2 Point Management with participation from Cedar Pine; an affiliate of Cerberus Capital Management; and returning investors including Fidelity…
AXA Hong Kong partners with The Sandbox to become first insurer in Hong Kong to enter metaverse
The Sandbox, a Hong Kong-based decentralised gaming virtual world and a subsidiary of Animoca Brands, and AXA Hong Kong, a Hong Kong-based insurer, announced Wednesday that AXA will become the first insurer in Hong Kong to enter The Sandbox metaverse.
Taiwan’s Aiello raises $5.8M to expand its voice AI solutions internationally
Aiello Inc., a Taiwan-based natural language processing and voice artificial intelligence (AI) startup, announced Monday it has raised $5.8 million in a Series Pre-A+ funding round. The round was led by two major institutional investors, JAFCO Asia and Wistron Corporation.
X-PITCH 2022 Global TOP150 announced
150 semi-finalists of this year’s X-PITCH were selected from 4,000+ startups in 51 countries.
