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Southeast Asia’s digital economy expected to hit $200B GMV in 2022, report
Southeast Asia’s digital economy is on track to hit $200 billion gross merchandise value (GMV) in 2022, three years earlier than was anticipated in the inaugural report shared in 2016, said Google, Temasek and Bain & Company in its released seventh edition of the e-Conomy SEA report.
Indonesia’s Jago raises $2.2M Pre-Series A round led by Intudo Ventures and BEENEXT
Jago, an Indonesia-based mobile café company, announced Thursday the completion of a $2.2 million Pre-Series A round of financing led by Intudo Ventures and BEENEXT.The round also saw participation from CyberAgent Capital, and Arkblu Capital.
Wavemaker Impact, Breakthrough Energy Ventures, GenZero, Temasek plan to form agritech venture
Wavemaker Impact, Breakthrough Energy Ventures, GenZero, and Singapore’s Temasek intend to set up a first-of-its-kind agri-tech startup that brings together climate-tech, agri-food, and venture-building capabilities to accelerate rice decarbonisation in Southeast Asia and the rest of Asia.
Hong Kong’s WATI raises $23M from Tiger Global, Shopify
Hong Kong customer and sales engagement tool WATI (WhatsApp Team Inbox) has on Wednesday announced a $23 million series B funding round to scale the team and product and reach more businesses globally.
Nissan partners with Grease Monkey Games’ Torque Drift 2 by dropping first ever Nissan utility NFTs
Grease Monkey Games, an Australia-based multi-platform video game studio and a subsidiary of Animoca Brands, announced Wednesday a historic industry partnership and collaboration with Nissan Motor Company (Japan).
Singapore’s Toku announces Series A extension to $10M as it accelerates APAC growth
Toku, a Singapore-based dedicated cloud communications provider, announced Wednesday a $5 million extension of its Series A round, bringing its total funding to $10 million.The extended round was co-led by Delivery Hero Ventures and Malaysia's OSK Ventures International with participation from Betatron Venture Group.
Singapore top trade associations launch new sustainability alliance
Top trade associations in Singapore namely the Singapore Chinese Chamber of Commerce and Industry (SCCCI), the Sustainable Energy Association of Singapore (SEAS), and the premier trade association for the tech industries in Singapore, SGTech, through a memorandum of understanding launched a new sustainability alliance.
Singapore’s Gigacover doubles down on transportation and logistics amidst profitability
Singapore-based insurtech Gigacover has bolstered performance through recently-inked partnerships with leading insurance brokerage firm, ComfortDelGro Insurance Brokers, and leading smart logistics platform, Zeek.
Cityneon secures $106M investment from 65 Equity Partners
Cityneon Holdings, a Singapore-based entertainment firm that provides immersive experiences, has raised S$150 million ($106.26 million) funding from 65 Equity Partners, an independently managed investment firm wholly-owned by Temasek Holdings.
Mighty Jaxx extends brand presence into the metaverse with Spooky season
Mighty Jaxx, a Singapore-based integrated future culture platform that designs and produces digital and phygital collectibles, announced Wednesday its first IP collaboration into the metaverse with MightyVerse Presents: Spooky Season.
