Singapore
SHEIN and SPARC Group join in a strategic partnership
Global retailer SPARC Group Holdings II LLC has on Thursday announced a strategic partnership with SHEIN, the Singapore-based integrated online marketplace for fashion, beauty and lifestyle products. Under the agreement, SHEIN acquires an approximately one-third interest in SPARC Group, a joint venture that includes Authentic Brands Group and Simon Property…
Singapore elevates sustainable digital infrastructure beyond data centers
As part of this partnership, IMDA, Dell and Equinix will provide guidance and recommendations to modernize digital infrastructure deployment sustainably and to optimize the integration and utilization between hardware and software interfaces. This partnership will aim to develop a comprehensive process to measure, capture and audit the quantifiable…
Singapore’s Pi-xcels secures $1.7M funding led by Wavemaker Partners
Pi-xcels, a Singapore-based digital receipt solutions provider, has successfully completed its seed funding round, raising $1.7 million. The round was led by Wavemaker Partners, with participation from other prominent venture capital firms such as Hustle Fund, Amand Ventures, and Black Kite Capital, as well as strategic angel investors.
Grab reports lower losses in second quarter as revenue jumps
Singapore-based super app Grab Holdings Limited has reported lower losses in the second quarter amid higher revenue. The loss for the the group was $148 million in the quarter, a 74 percent improvement year on year, primarily due to the improvement in group adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) and a reduction in…
Singaporean startup Solar AI Technologies raises $1.5M to hyperscale solar
Singapore-based startup Solar AI Technologies, has recently closed its $1.5 million seed round led by Earth Venture Capital. Solar AI Technologies on Wednesday said that the round also saw participation from Undivided Ventures, Investible and climate-tech angel investor David Pardo.
Singapore’s Neurowyzr raises additional $2.1M in seed funding co-led by Jungle Ventures and Peak XV’s Surge
Neurowyzr, a Singapore-based healthtech company specializing in enhancing brain health and developing state-of-the-art technologies to mitigate early brain decline, has raised an additional $2.1 million in an oversubscribed seed round. The round, jointly led by Jungle Ventures and Peak XV’s Surge (formerly Sequoia India and Southeast Asia), with…
Singapore’s FlashIntel raises $10M in seed and angel investment
FlashIntel, a Singapore-based go-to-market intelligence platform, has announced a successful $10 million raise in its recent seed and angel investment phase. Notable investors backing this round include Celtic House Venture Partners, Uphonest Capital, and Hat-Trick Capital.
Singapore’s ZTX attracts $13M in funding to propel Web3 creator infrastructure
Singapore's Web3 virtual world and creator platform ZTX has successfully closed its $13 million seed round led by Jump Crypto. Notable investors also included Collab+Currency, Parataxis, MZ Web3 Fund, Everest Ventures Group and others.
CapitaLand Ascendas REIT completes acquisition of fifth data center in the United Kingdom for $147M
CapitaLand Ascendas REIT Management Limited, as the manager of CapitaLand Ascendas REIT (CLAR), has announced the completion of the acquisition of a high-specification Tier III colocation data center facility in the United Kingdom for SGD 200 million ($147.49 million) from an unrelated global data center operator.
Singapore’s Beep raises seed round from GGV Capital and Wing Vasiksiri
Beep, a Singapore-based internet of things (IOT) transaction platform startup has successfully completed its seed round, with GGV Capital and Wing Vasiksiri as the lead investors. The round saw additional participation from NUS Technology Holdings (a fully owned subsidiary of NUS), SUTD Venture Holdings, XANetwork, and other prominent angel investors.
