Investments
India’s Drivetrain raises $15M from Elevation Capital, Jungle Ventures, and Venture Highway
Drivetrain AI, Inc., an India-based financial planning, monitoring and decision-making platform, announced Wednesday that it has raised $15 million in funding from Elevation Capital, Jungle Ventures, and Venture Highway.
Canada’s ChainSafe raises $18.75M Series A funding led by Round13
ChainSafe Systems, a Canada-based blockchain infrastructure firm, announced Tuesday that it has secured $18.75 million in an oversubscribed Series A funding round. The investment was led by Round13 with participation from new investors NGC Ventures, HashKey Capital, Sfermion, Jsquare, and returning investors ConsenSys, Digital Finance Group, and Fenbushi…
Indian live-commerce platform Shopr.TV raises $1.7M seed capital from BEENEXT, Y-Combinator and others
Shopr.TV, an India-based live-commerce platform, announced that Tuesday it has raised $1.7 million seed capital from reputed global institutional investors, including BEENEXT, Y-Combinator, Locus Ventures, Shiprocket, Goodwater Capital, and more.
AWS to launch infrastructure region in Thailand with $5B investment in the next 15 year
Amazon Web Services (AWS), an Amazon.com, Inc. company, announced on Monday it plans to open an infrastructure region in Thailand. As part of its commitment to the region, AWS plans an estimated investment of more than $5 billion in Thailand over 15 years.
Singapore’s SixSense raises $2.6M Series A funding led by Tin Men Capital
SixSense, a Singapore-based artificial intelligence (AI)-powered industrial visual inspection platform for smarter manufacturing, announced Tuesday it has secured its Series A funding of $2.6million. The round was led by Tin Men Capital, a Singapore-based venture capital firm focused on business to business (B2B) tech startups in South-East Asia.
Singapore’s Partipost raises $7M led by iGlobe Partners
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.
EY: Global IPO market continues to plummet as we round out Q3; Indonesia’s most active Asean exchange YTD
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.
BEYOND Expo | How can startups raise funds in slow & adjustment periods?
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.
Singapore-based insurtech Bolttech closes Series B investment at $1.5 billion valuation
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 farming startup Beleaf raises $2M seed funding led by Alpha JWC Ventures
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.
