Asia
United States’ Fuel Venture Capital to conduct roadshow in Asia for latest fund
Fuel Venture Capital, a leading early-stage investor in technology and digital companies, will conduct a roadshow in Asia next week as it looks to raise money for its next fund, which uses an innovative, new funding structure positioned to transform the private markets landscape.
Animoca Brands’ subsidiary TinyTap raises $8.5M to expand Web3 education business
TinyTap, an edtech subsidiary of Hong Kong-based gaming firm Animoca Brands, educational games, has on Tuesday announced that it has raised $8.5 million. The funding comes from investors including Sequoia China, Liberty City Ventures, Kingsway Capital, Shima Capital, Polygon, GameFi Ventures, and others.
South Korea to invest $748M in fund of funds this year to boost the country’s venture capital sector
The Ministry of Small and Medium-sized enterprises (SMEs) and Startups (MSS) in South Korea said it will invest around KRW 1 trillion ($748.43 million) in a fund of funds this year to boost the venture capital sector in the country.
India’s Lokal raises $14.6M Series B funding for new product launch
Lokal, India's hyperlocal content, community, and classified platform, announced Tuesday it has raised INR 120 Crore ($14.6 million) in Series B funding. The funding came from new investors Global Brain and Sony Innovation Fund, with participation from India Quotient and other existing investors.
Japan’s Luup raises $33.55M new funding led by Spiral Capital
Japanese micromobility company Luup, Inc. has raised a total of approximately 4.5 billion yen ($33.55 million), bringing its total capital raised to date to approximately 9.1 billion yen ($67.85 million).
SKS Capital invests in South Korean health and beauty brands aggregator Grace
China headquartered private equity firm SKS Capital has announced its strategic investment in Grace, South Korea's largest aggregator of international health and beauty brands. SKS Capital is the lead investor in Grace Series B funding with $5 million.
India’s Mesa School of Business raises $4.1M from Elevation Capital, other prominent angel investors
With an aim to build India’s first business school focused on creating startup leaders, Indian education services provider Mesa School of Business (Mesa), has raised INR 34 Crores ($4.1 milllion) from Elevation Capital and notable angel investors.
United States’ Nextiva acquires Indian AI company Simplify360
Nextiva, the United States-based conversation platform, has on Wednesday announced its acquisition of Simplify360, an artificial intelligence (AI) customer experience platform based in India.
Alipay+ E-Wallet partnerships power iQIYI’s fast asia expansion
Popular Asian e-wallets are helping iQIYI, a China-based international streaming platform, accelerate its expansion through Alipay+ to help digital and entertainment (D&E) platforms reach young middle-class consumers looking for quality online video content.
Airwallex launches global payments in Canada further building on expansion in Americas
Australia-based FinTech firm Airwallex has on Wednesday announced the launch of its global payments services in Canada.
