Investments
News,Investments,Malaysia,Venture Capital
Malaysian investment firm Kenanga Investors launches fund to invest in tech firms
The fund aims to invest primarily in equity securities of global cutting-edge, innovative companies with long-term sustainable growth potential, are on the cusps of initial public offerings, and have or will develop products and services that are linked to technologically-driven innovations. The fund also aims to further bridge the gap between retail…
October 29, 2021
News,Investments,Philippines,FoodTech
Philippines cloud kitchen startup CloudEats closes $5M Series A with Vulpes, Gobi Partners, and Alibaba-backed BAce Capital
Funds raised in this round will be utilized to scale CloudEats’ proprietary smart kitchen technology, open cloud kitchens in more markets across the region, and develop new champion brands like Burger Beast, which has now become one of the top recognized burger brands in the Philippines, CloudEats said in a statement.
October 28, 2021
News,Investments,Venture Building,Singapore,Sustainability
Wavemaker Partners launches climate tech venture builder Wavemaker Impact with $25M target for its first fund
Wavemaker Partners believes that climate change is an existential threat for the region, with three of its largest cities facing the threat of being underwater by 2050. Thus, the founders of Wavemaker Impact believe that entrepreneurs will drive solutions to addressing climate change and aim to launch companies that will reduce 10 percent of global…
October 28, 2021
UK AdTech Admix raises $25M Series B for APAC expansion, looks to scale as the content monetization layer for the metaverse
The funding will be used to scale up its In-Play solution worldwide and establish the company as the content monetization layer for the metaverse
October 28, 2021
News,Investments,Philippines,FoodTech
With $1.2M Seed funding, WTH Foods aims to bring alternative protein-based Filipino dishes to international markets
WTH Foods launched a research and development (R&D) facility to enhance the texture and taste of its plant-based products. It will use the facility to hone its plant-based versions of popular Filipino dishes and products to target more than 2.2 million Filipinos living away from home with expansion plans to Singapore, other markets across Southeast Asia and…
October 28, 2021
India neobank Zolve closes $40M Series A funding round at a valuation of $210M, will scale financial services for US-bound immgrants
With these additional funds, Zolve intends to enhance the user experience for global citizens, allowing them to open their U.S. accounts in minutes. Moreover, the funds will help speed expansion of the service to more nationalities, increasing the number of people who can start building their financial futures from the moment they arrive in the U.S.…
October 28, 2021
News,Vietnam,Gaming,Blockchain / Crypto,Investments
Vietnam blockchain game studio Sipher raises $6.8M Seed round to develop its upcoming World of Sipheria game
Sipher is fostering an ecosystem where people can play for fun while also being rewarded for their time spent in-game. By leveraging blockchain technology, Sipher is bringing economic freedom to gamers and providing the community with ownership of in-game assets which directly contributes to the growth and success of the gaming industry.
October 28, 2021
News,eCommerce,Singapore,Investments
Singapore fashion brand Love, Bonito raises $50M in Series C funding to fuel category and international expansion
Proceeds from the fundraise will enable Love, Bonito to bolster efforts in existing omnichannel markets and supercharge international expansion in markets that collectively are experiencing triple digits year-on-year growth. These key markets include Hong Kong, Japan, the Philippines, and the US.
October 28, 2021
Malaysia home services platform Recommend Group raises $4M Series A funding led by China’s Morning Crest Capital
Recommend Group will be using the funds to expand the teams in Indonesia and Malaysia, with a focus on product and engineering. It will also improve the user experience on its customer and vendor mobile apps, as well as its website, build new features that empower service workers to manage and grow their businesses. The company also targets to expand…
October 28, 2021
News,Investments,Singapore,Venture Capital
Temasek launches $3.34B investment platform to support businesses with regional or global aspirations
65 Equity Partners seeks to partner with fundamentally sound and well-managed businesses with clear growth strategies over the long term. It will invest across industries with strong structural tailwinds, such as consumer, industrial and business services, logistics, healthcare, and technology, underpinned by committed owners and management teams. 65 Equity…
October 27, 2021