Singapore
VCs scout opportunities in MedTech despite higher valuation fueled by pandemic
A growing population of more than 600 million with a combined GDP of more than $3 trillion and a rapid growth of the middle class are expected to fuel strong demand in healthcare coverage in Southeast Asia.
Singapore micromobility startup Beam secures $93M in Series B funding led by Affirma Capital
Beam announced Friday a Series B funding round of $93 million led by Singapore-based private equity firm Affirma Capital. The round also saw participation from Sequoia Capital India, Hana Ventures, ICT Capital, EDBI, AC Ventures, RTP Global, and Momentum Venture Capital, among others. Funds raised will be used to bring Beam’s shared micromobility vehicles…
Alibaba halts talks to raise $1B before Lazada IPO – report
It was reported that Alibaba had hoped to secure at least $1 billion but backed off after failing to secure its envisioned valuation.
Singapore HealthTech firm MiyaHealth secures $4.8M in Pre-Series A round led by ST Engineering Ventures and Elev8
MiyaHealth has raised S$6.5 million ($4.83 million) in a Pre-Series A round led by ST Engineering Ventures and Elev8. Several prominent angel investors from the private equity and healthcare industries also participated in the round. The recent fundraise brings the total capital raised to over S$9 million ($6.69 million), and the current round is one of the…
Singapore FinTech firm Thunes expands further into Latin America
Thunes is speeding up its global expansion with the setting up of a regional hub in Miami to expand into new Latin American markets. This development follows the company’s recent announcement ramping up its presence in Greater China.
Singapore metaverse startup BuzzAR gets $3.8M from F50 Elevate and others
BuzzAR has raised $3.8 million seed funding to create an inclusive metaverse. The round is oversubscribed with participation from F50 Elevate in Texas, USA, regional venture capitals (VCs), angels including former Marina Bay Sands executive Ian Wilson, IP & Brand Protection expert Peter Hlavnicka. BuzzAR will use the seed funding to hire, set up a…
Singapore’s Aera VC raises $30M for climate breakthroughs
Aera VC announced Monday a $30 million first close of its new fund investing in startups accelerating the planet toward a sustainable future. The new climate-focused fund is launching with a portfolio of global climate stars including Houston-based chemical decarbonisation firm Solugen, as well as Shiok Meats (Singapore), Carbon Chain (London), Noya and…
Temasek leads Amber Group’s $200M Series B+ round, valuing the company at $3B
Amber Group announced Tuesday a $200 million Series B+ round led by investment company Temasek, with participation from existing shareholders including Sequoia China, Pantera Capital, Tiger Global Management, Tru Arrow Partners, and Coinbase Ventures among others. A significant follow-up to Amber Group's 2021 $100 million Series B round, this Series B+…
Singapore FinTech firm M-DAQ acquires payment firm Wallex to expand its cross-border ecosystem
M-DAQ has entered into a definitive agreement to acquire Wallex. The acquisition is the first of a series for M-DAQ, as it embarks on a global growth plan to capture market opportunities and expand its downstream reach in the value chain. In addition to the amount paid for the full acquisition, M-DAQ will also be injecting fresh working capital to…
