Investments
Singapore solar energy firm SUN Energy raises $25M Series A funding, valuing the company at $200M
The funding round will enable SUN Energy to cement its leading market position in Indonesia and bolster growth in the region alongside blue-chip strategic partners that share a similar vision on energy transition.
Vietnam fintech startup GIMO bags $1.9M in Seed+ round led by Integra Partners
GIMO has successfully raised $1.9 million in a Seed+ round led by Singapore’s Integra Partners. The round also saw participation from Resolution Ventures, Blauwpark Partners, and TNB Aura VN Scout. With the fresh funding, the company plans to allocate more resources for hiring senior engineers, strengthening risk management competencies, and integrating…
Singapore biotech startup RWDC Industries raises $95.1M in Series B2 funding co-led by Vickers Venture Partners and Temasek
RWDC Industries Limited announced the closing of a $95.1 million Series B2 funding round co-led by Singapore venture capital firm Vickers Venture Partners and Singapore state investor Temasek. The funding will support the group’s expansion and boost its production of biodegradable biopolymer material that will help the group speed adoption of sustainable…
Malaysia’s MAVCAP launches two new tech-focused venture capital funds, targets total fund size of $35.83M
The two VC Funds will provide equity funding to startups with strong growth potential in Malaysia and other Southeast Asian markets, focusing on verticals such as Artificial Intelligence, Fintech, Healthtech, Greentech, Industrialtech, Internet of Things and EdTech.
Singapore BNPL firm Pace raises $40M Series A funding from UOB Venture Management, Marubeni Ventures, AppWorks & others
Following this investment round, Pace is now the fastest-growing multi-territory BNPL player from Singapore. The new funding will go towards expanding technology, operations, and business development, to hit a Gross Merchandise Value run rate of $1 billion in 2022 and grow its user base by 25 times over the next 12 months.
Animoca Brands’ subsidiary Quidd token raises $5M from Binance Smart Chain Growth Fund and others
Quidd, the digital collectibles company and a subsidiary of Animoca Brands, announced that the QUIDD token has raised a total of $5 million via private sale, pre-sale, and initial DEX offering (IDO), and is now available on PancakeSwap.
India fintech startup Velocity raises $20M Series A funding led by Peter Thiel’s Valar Ventures
Velocity has raised $20 million in Series A funding led by Peter Thiel’s Valar Ventures. Other investors who participated in the round include Presight Capital, Utsav Somani’s iSeed, Maninder Gulati (Oyo), Zac Prince (BlockFi) and Philippe De Mota (Hedosophia). Armed with capital, the start-up has set its sights high and aims to deploy over Rs.1,000 Crores…
UK digital payment firm raises $10M led by Inference Partners to expand to Europe and Asia
Pomelo Pay has raised $10 million in a Series A round led by Inference Partners. The investment will allow the company to expand its presence across global markets including Europe and Asia, starting with plans to double their workforce in London, Singapore, Vietnam, Thailand, and the Philippines.
Singapore co-working firm Deskimo raises $3M Seed Round and expands to Jakarta
Combinator-backed Deskimo closed a $3M Seed financing round and is now launching in Jakarta as its first expansion market after Singapore and Hong Kong. The Singapore-based startup sees strong demand from companies that move to a permanently hybrid workplace, a shift that is happening all around the world.
Thailand’s WHA Group invests in Thai logistics startup Giztix’s $7.75M Series B funding round
WHA Group has joined Bualuang Ventures to become the main investor in the Series B funding round of GIZTIX, a Thai startup that provides a digital platform for e-Logistics, with total funding of more than $7.75 million. GIZTIX plans to use the funds to develop services and technologies in transportation and to expand the service areas while reducing…
