Vertical
Opening the 2021 Cohort of Saison Capital VC Scout Program – April 2021
We are especially looking for unusual profiles and messy CVs — profiles that HR finds hard to place. Our Scouts include YC founders, ex-partners of VC funds, country managers of SEA tech unicorns, etc.
Malaysia’s TIME dotCom acquires controlling stake in AVM Cloud in a major cloud computing push
TIME dotCom shelled out over $14.5 million to purchase a 60 percent controlling stake in the company.
Philippines mobile wallet GCash secures $175 million investment amid rising demand for digital payments
GCash has reportedly facilitated over $20.78 billion (PhP1 trillion) in in-app transactions in 2020 and grew its customer based to 33 million, amid increased demand for online payments and money transfer transactions during the COVID-19 pandemic
Indonesian genotech firm Nusantics secures funding for new Covid-19 test kit tech
Nusantics is planning to use the fund to continue expanding its research and development in the field of genomes of different microorganisms. Aside from microbiome analysis, Nusantics also plans to delve into research and production geared towards medical diagnostic kits, specifically Covid-19.
Indonesian AI investment advisor app Bibit secures $30M in Series A round
Robo-advisor mutual fund investment app Bibit raised $30 million in a Series A led by Sequoia Capital India. The funding round was also participated by previous investors EV Growth, AC Ventures, East Ventures, and the global early-stage venture fund 500 Startups.
Singapore-based FinTech company CoAssets to shut down its crowdfunding platform
A few days after the news about the company’s financial troubles surfaced, CoAssets, which operates its crowdfunding platform under the name CA Funding Pte Ltd (CAFPL), announced that it was officially shutting down CAFPL. “We regret to inform you that CA Funding Pte Ltd (CAFPL) is in the process of gradually winding down,” a note on CAFPL’s website……
IMC Group’s Heritas Capital set to secure $30M for its HVF II ‘impact investing’ venture fund
Launched in December 2020, HVF II was created as an “impact investing” venture fund aimed at helping early-stage tech startups. The fund particularly focuses on new but promising companies in the healthcare, food, and education sectors, which are deemed to be capable of delivering financial returns and offering social and environmental benefits at the same…
💸 Here’s a handy list of Southeast Asia’s newest VC funds
Updated regularly, here’s a rundown of fresh funding coming into the region.
On-demand logistics platform Lalamove raises $515M Series E for China expansion
On-demand logistics company Lalamove has raised $515 million in Series E funding, as announced on its website (the company is known as Huolala in China). This round was led by Sequoia Capital China Fund, with participation from Hillhouse Capital and Shunwei Capital--all returning investors.
