Investments

TNGlobal Tracker: Startup Funding Snapshot for March 2025

The Southeast Asia (SEA) Monthly Funding Tracker for March 2025 reflects a slight upward move in funding during the month. Total funding amounted to $99.5 million across 22 rounds, marking a rise of 10.31 percent compared with February 2025 and an 82.1 percent decline from March 2024.

Pencil Finance announces $10M for student loan financing backed by Animoca Brands & Open Campus

Pencil Finance is a decentralized lending protocol designed to bring student loan financing on-chain, transforming how student debt is serviced. It connects global investors with trusted student loan originators through tokenized loan bundles

US-based Electra bags $186M Series B funding round co-led by Capricorn Investment Group, Temasek

The round is co-led by Capricorn Investment Group and Temasek Holdings, joined by visionary investors including Breakthrough Energy Ventures, Lowercarbon Capital, Builders Vision, Collaborative Fund, S2G Investments, iron ore majors BHP Ventures, Rio Tinto, Roy Hill, top electric arc furnace (EAF) steelmakers Nucor and Yamato Kogyo, and corporations like…

Singapore’s Groundup.ai bags $4.25M in Series A funding led by Tin Men Capital

With this fresh capital, the company plans to scale its product offerings, strengthen its global footprint across Asia and Middle East while expanding to Australia, Europe and North Asia and invest in talent and infrastructure to ensure that their clients achieve maximum impact from onboarding to long-term value realisation.

TNGlobal Tracker: Startup Funding Snapshot for February 2025

The Southeast Asia (SEA) Monthly Funding Tracker for February 2025 indicates that funding activity slowed during the month. Total funding amounted to $92.9 million across 18 rounds, marking a decline of 86.56 percent compared with January 2025 and a 69.03 percent decline from February 2024.

Malaysia’s SpaceTech startup SpaceIn secures investment from 1337 Ventures

With this investment, SpaceIn is set to accelerate its growth in 2025 by advancing its sensor modem and ground segment for the SpaceANT system, developed in partnership with the ITIC project.

Indonesia says Apple should soon be able to sell iPhone 16s – report

Apple will soon obtain a local content certificate, which is needed for sales of the handset to be permitted.

SoftBank, Temasek among eFishery investors facing near wipeout – report

None of eFishery’s PondTag sensors that were supposed to help remotely judge water quality and automate fish and shrimp feeders had been deployed. The limited data collection meant fish feed predictions were wrong almost half the time, the document said.

Indonesia launches sovereign wealth fund Danantara – report

The sovereign wealth fund is seen as the latest initiative by Prabowo to deliver on his ambitious economic growth target of 8 percent within his first term.

FinDev Canada opens first regional office in Singapore to support the Indo-Pacific

Canada’s bilateral Development Finance Institution, FinDev Canada, has announced the opening of its first regional office in Singapore to support clients and partners in the Indo-Pacific region.