Investments
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.
Hong Kong’s imBee raises $5M Series A funding led by DCM Ventures
ImBee, a Hong Kong-headquartered chat management platform, announced Monday that it has raised $5 million in Series A funding led by DCM, a global venture capital firm, to advance its platform offerings, go deeper into existing markets and expand its footprint in the Asia-Pacific region.
Indonesia’s Ayoconnect raises $13M Series B+ led by SIG Venture Capital
Ayoconnect, an Indonesia-based open finance platform, has closed $13 million for its Series B+ financing round led by SIG Venture Capital with participation from CE Innovation Capital.
Indonesia’s Waste4Change grabs $5M Series A co-led by AC Ventures
Indonesia-based waste management platform Waste4Change announced Friday that it has secured a $5 million series A funding round, co-led by AC Ventures and PT Barito Mitra Investama.
Singapore’s Gomu raises $5M to power NFT liquidity incentives and commerce
Gomu, an non-fungible token (NFT) infrastructure and liquidity enabler based in Singapore, has closed a $5 million seed round with participation from Coinbase Ventures, Defiance Capital, Saison Capital.
Thailand’s Konvy raises $10M from Insignia Ventures
Thailand-based beauty e-commerce platform Konvy said Tuesday it has raised $10 million from Insignia Ventures Partners in a Series A round. Previously, Konvy had raised seed funding from Alpha Founders Capital and ECG Ventures Capital.
