Vertical

Partipost, a Singapore-based crowd influencer marketing and commerce platform, announced Tuesday that it has secured an investment of over $7 million.The oversubscribed round is led by iGlobe Partners, with participation from Temasek’s Pavilion Capital, Taiwan Mobile, Cathay Venture, and Quest Ventures.

EVMOS StayKing House, a decentralized finance protocol developed by engineers from Sooho.io, the South Korea-based DeFi infrastructure service provider, won the Grand Champion award of $80,000 worth of USDC and EVMOS at Evmos’ inaugural Momentum Hackathon.

Asean saw a total of 96 IPOs raising $3.8 billion, up 4 percent in deal numbers and a decline of 57 percent in proceeds YOY. The notable decline in proceeds was due to a lack of mega IPOs (IPOs with proceeds equal to or greater than $1 billion) in YTD 2022.

The notion that Web3 is relatively new makes it a hotbed for ambitious startups and developers. As with any new industry, time will tell as to how the next evolution of digital apps will take off. 

The IPO plan follows the $1.1 billion IPO of GoTo Group, Indonesia's biggest tech firm, earlier this year and the 2021 $1.5 billion IPO of BukaLapak.

As many regions around the world enter an adjustment period, startup founders and investors have to adjust to a slower fundraising pace. Still, some investors see the adjustment as a healthy thing since it produces more reasonable valuations, weeds out unproductive firms, and forces founders to focus on creating real value.

The immense competition to deploy autonomous vehicles, particularly in industrialized nations, has captured the attention of public policymakers in regard to autonomous mobility and the possible impact it could have.

Bolttech, a Singapore-based insurtech company, announced Monday Tokio Marine, alongside other shareholders, will lead its Series B funding round. The investment values bolttech at an up-round valuation of approximately $1.5 billion, one year after it closed the largest ever Series A funding round for an insurtech.

Indonesian smart farming startup Beleaf announced Monday its recently closed Seed funding of $2 million led by Alpha JWC Ventures, with participation from BRI Ventures’ Sembrani Nusantara, MDI-Finch Capital’s Arise, and several prominent angel investors.

In an interview, Rajentheran also shared about MiyaHealth’s plans and strategies moving forward. He also shared his views about the healthcare and HealthTech industry.