Singapore
Singapore FoodTech firm Umami Meats secures $2.4M pre-seed funding to advance cultivated seafood
Umami Meats has secured pre-seed funding of $2.4 million.The pre-seed funding round was co-led by Better Bite Ventures and Genedant. Further participants in the round include CULT Food Science, Impact Venture, Katapult Ocean, Plug and Play Ventures, Prithvi Ventures, The Yield Lab Asia Pacific, and Venture for America.
Singapore’s Funding Societies unveils virtual card Elevate, addressing 80 percent MSME corporate credit card gap
Funding Societies has launched Elevate, a virtual card solution for micro, small and medium enterprises (MSMEs) in Singapore. The card is available on a credit line on the FinTech platform’s website and mobile app, and entitles qualified MSMEs to interest free credit for a period of up to 55 days.
Sea Ltd’s Shopee exits France months after entering Europe – report
France was one of the most significant new markets for Sea, which has been embarking on an aggressive international push last year to drive growth beyond Southeast Asia.
Singapore e-commerce startup Cococart raises $4.2M from Forerunner Ventures and Sequoia Capital for overseas expansion
Cococart has secured $4.2 million in seed funding to expand its growth internationally. The new capital was raised from Forerunner Ventures and Sequoia Capital, with participation from Y Combinator, Uncommon Capital, Soma Capital, Liquid 2 Ventures, Fitbit Chief Executive Officer James Park, Curated Chief Executive Officer Eduardo Vivas, and other strategic…
PropertyGuru delivers over $74.36M revenue in 2021, beats full year forecast
PropertyGuru Group said Monday its total revenue increased by 22.7 percentto S$100.7 million ($74.36 million) from S$82.1 million ($60.63 million), reflecting rising confidence in the property market .This is also 3.3 percent better than the group’s 2021 forecast of S$97.5 million ($72 million).
Singapore FinTech firm Volopay raises $29M for APAC and MENA expansion
Volopay has successfully raised $29 million in its Series A round through a mix of equity and debt. The investment round included participation from JAM Fund, Winklevoss Capital Management, Rapyd Ventures, Accial Capital, fintech veteran and angel investor Jeffrey Cruttenden (Chief Executive Officer of Acorns) along with Access Ventures, Antler Global, and…
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.
