Asia
US and Japan-based gumi Cryptos Capital raises $110M early-stage fund to invest in blockchain startups
Gumi Cryptos Capital (gCC), a blockchain-focused venture capital firm based in United States and Japan, announced Wednesday the completion of raising $110 million for its second blockchain-focused early-stage fund. The fund will target exceptional developers, projects, DAOs, guilds, apps, games, and protocols at any layer at the earliest stage and is…
India’s Pine Labs raises $50M from United Kingdom’s Vitruvian Partners
Indian merchant commerce platform Pine Labs announced Wednesday a new investment of $50 million from Vitruvian Partners, a London-headquartered international investment firm.
Indian healthtech startup Qure raises $40M from Novo Holdings and HealthQuad
Qure.ai (Qure), an India-based health tech firm using Artificial Intelligence (AI) for medical imaging diagnostics, announced Tuesday that it has secured $40 million in a funding round led by Novo Holdings and HealthQuad, supported by existing investor MassMutual Ventures (MMV). The firm will use the new investment to extend and strengthen its global…
Vietnam’s Vinfast to build EV factory in North Carolina
VinFast and the government of North Carolina announced Tuesday the signing of the memorandum of understanding (MOU) for the establishment of VinFast’s first North Americanmanufacturing plant. The company intends to invest up to $2 billion in the project’s phase one, creating thousands of jobs. VinFast’s factory will create a major manufacturing center in…
Japanese space industry startup Synspective raises $100M in Series B funding
Synspective Inc. has raised $100 million in a Series B funding round. The latest funding was led by Sompo Japan Insurance Inc. (Tokyo, Japan), Nomura SPARX Investment, Inc. (Tokyo, Japan), and Pavilion Capital Pte. Ltd. (Singapore) among others, as well as bank loans. This puts its total funding value at $200 million since its founding.Synspective will use…
Indian spacetech startup Pixxel nets $25M Series A funding led by Radical Ventures
Pixxel announced Monday a $25 million Series A funding led by Radical Ventures. Additional participation in Pixxel’s Series A comes from Jordan Noone, Seraphim Space Investment, Lightspeed Partners, Blume Ventures, Sparta LLC and Inventus Capital India, Pixxel said in a statement. The new funding will enable Pixxel to expedite production of the world’s…
South Korean AI-driven FinTech firm Akros Technologies bags $3.75M funding led by PeopleFund
South Korea-based artificial intelligence (AI)-driven asset management fintech start-up Akros Technologies (Akros) announced on Tuesday that it has raised $3.75 million led by South Korea-based peer-to-peer lending platform PeopleFund.
Sea Ltd’s Shopee to close down India operations – report
Shopee reportedly said in its statement it would work "to support local seller and buyer communities and our local team to make the process as smooth as possible".
Pakistan’s COLABS raises $3M seed fund led by Indus Valley Capital, Zayn Capital & Fatima Gobi Ventures
COLABS has raised $3 million in a seed round led by Indus Valley Capital, Zayn Capital and Fatima Gobi Ventures. The round was also joined by Shorooq Partners, Kinnow Capital, Muir Capital, Sai Ventures, and some key angels, including Turner Novak, William Hockey, and Teddy Himler.With this investment, COLABS aims to knit together a community of 100,000…
Singapore’s FOMO Pay partners with Circle to use USD Coin for product offering
FOMO Pay Pte. Ltd. announced Thursday it has entered into a strategic agreement to collaborate with Circle Internet Financial, LLC (Circle). FOMO Pay will integrate USDC into its services, allowing its merchant, corporate and financial institution clients to seamlessly convert between USDC and fiat currency. This will take advantage of the inherent…
