Investments
Indonesia’s Alpha JWC Ventures closes $433M Fund III, the largest early-stage fund in Southeast Asia
Alpha JWC Ventures has closed an oversubscribed third fund, at $433 million, securing its place as Southeast Asia’s largest VC fund targeting early-stage companies. The fund saw strategic investment from global and regional Limited Partners and investors, including World Bank’s International Finance Corporation and Morgan Stanley Alternative Investment…
Malaysia’s gig employment portal MakeTimePay secures “significant” funding from entrepreneur Simon Landsheer
MakeTimePay has secured an undisclosed funding from Dutch serial-entrepreneur and early stage start-up investor Simon Landsheer. The new funding will be used to grow the company's team, expand its platform capabilities and make investments in customer acquisition.
Indonesia’s Eden Farm closes $19M Series A financing from AppWorks and AC Ventures to scale-up its food ecosystem
By the end of 2022, Eden Farm plans to expand to 25 cities and 8 regencies, supplying more than 100,000 customers with 100 percent fulfillment rate of more than 1,000 stock keeping units (SKUs), to finance and generate demand.
MyCloudFulfillment raises $7.4M Series B from JWD Group & SCB 10X to support warehouse & service improvement & regional expansion
The funding will be mainly used on improving warehouse and service capability, expanding the management and software development team, and expanding its service to neighboring countries.
Singapore’s Una Brands raises $15M Series A funding co-led by White Star Capital and AlphaJWC
Una Brands will use this capital to acquire e-commerce brands based in the Asia Pacific and further strengthen its technology and team to operate these brands at scale.
Taiwan’s ALP to invest $1B to develop smart warehousing parks in Malaysia
Taiwan’s largest warehousing infrastructure developer Ally Logistic Property, Co. Ltd. (ALP) is set to invest $1 billion in Malaysia to develop smart warehousing solutions to boost the nation’s logistics industry.
Israel AI mobility firm Autobrains raises $101M Series C funding led by Temasek
With this latest round of funding, Autobrains is able to grow its commercial reach and bring self-learning AI to additional markets.
Malaysia’s VentureTECH and Japan’s SBI Ventures launch $18M private equity fund to boost Malaysian growth-stage technology firms
The fund is designed to play a strategic role in supporting Malaysian firms in the high value-added and emerging industry market segments to scale up to their full potential and help attract additional investors to support the expansion of these companies during this economic recovery period.
Hong Kong-based gaming platform The Sandbox raises $93M funding led by SoftBank to grow its open NFT metaverse
The investment will enable the company team to scale the platform’s growth as a prime entertainment destination where brands, IPs, and celebrities can engage with their fans through virtual experiences including games, live performances, and social experiences.
Singapore BioTech TurtleTree raises $30M Series A funding led by European investor VERSO Capital
Turtle Tree has successfully raised $30 million in the first tranche of its Series A funding, one of the largest investment rounds to date in Asia's cell-based food sector. The funding sees participation from investors worldwide, including lead investor VERSO Capital. Following this round of funding, TurtleTree has now raised over US$40 million to date.
