Singapore
L Catterton-backed dental firm Zenyum plans expansion across Asia as clear aligners gain popularity
Zenyum's fundraising and expansion plans come as clear aligners are gaining popularity across Asia and Southeast Asia, trailing trends in the US and Europe. Since its founding in 2018, Zenyum said the company has grown exponentially, seeing a 4x revenue increase in 2020 alone.
Singapore online marketplace Carousell becomes Southeast Asia’s latest unicorn after raising $100M
The latest funding round also came after Carousell raised $80 million in an investment round led by South Korean tech giant Naver in September last year.
Bank of China, DBS & HSBC join GSBN to form Trade Finance Advisory Group to transform global trade
The advisory group will explore the technical, legal, and regulatory frameworks needed to break the siloes between the global supply chain and financial institutions.
Singapore’s Broctagon Fintech Group launches WorldBook, a global crypto liquidity movement
The WorldBook combines the orderbooks of all connected exchanges to create a unified orderbook that enables multilateral liquidity flow.
[Updated] Catcha Group’s Patrick Grove considers SPAC-listing in Singapore
The development came after Singapore unveiled new rules for blank-cheque vehicles.
Singapore’s Neuroglee Therapeutics closes $10M Series A led by Openspace Ventures, EDBI
The funding injection will enable Neuroglee to launch virtual neurology clinics for patients diagnosed with mild cognitive impairment related to difficult-to-treat conditions such as Alzheimer’s disease, while also advancing the company’s DTx pipeline.
Singapore’s Sea aims to raise $6.3B in share & convertible bond sale
The company plans to use the net proceeds from the offerings for business expansion and other general corporate purposes, including potential strategic investments and acquisitions.
Singapore automotive startup Motorist raises $891K seed funding led by JobsCentral co-founder
Funds will be deployed to explore growth opportunities in Singapore and Malaysia, and kickstart its expansion into Thailand.
Singapore e-commerce startup Rainforest raises $20M pre-Series A funding round led by Monk’s Hill Ventures
Funds will be used to drive Rainforest’s growth strategy, including expanding its portfolio of e-commerce brands in the home goods, mother & kids, personal care and pet categories by three times and growing its leadership team.
