Investments

Indonesian boutique hotelier ARTOTEL Group raises Series B financing to fuel expansion

ARTOTEL Group will utilize the proceeds of this financing to drive expansion through an aggressive merger and acquisition strategy in Indonesia’s hospitality sector and invest in strengthening the group’s core business infrastructure, digitizing operations, and enhancing sustainability throughout the organization.

Singapore’s ION Mobility completes $6.8M Seed round ahead of smart electric motorbike launch

ION Mobility is preparing to unveil its smart electric motorbike later this year. With this latest round of institutional capital, the company takes the next step to set up its manufacturing operations in Singapore and Indonesia in preparation to launch in-market.

Claroty opens regional headquarters in Singapore after securing $140M Series D funding to meet growing demand for cybersecurity

The office opening comes shortly after Claroty’s $140 million Series D fundraise, which included participation from Temasek, Singapore's state investor. The company raised the round in order to meet rapidly accelerating global demand for The Claroty Platform’s visibility, threat detection, risk, and vulnerability management, and secure remote access…

Pickupp gets additional investment from Temasek-backed Reefknot & Kuehne+Nagel, brings up Series A & A+ to $20M

The funds will enable Pickupp to strengthen its dispatch network with the expansion of new satellite warehouses across different markets. It will go on to further support innovation and developments in Pickupp’s technology to enhance the capabilities and cost-savings of its existing products and introduce new services to meet the evolving demand for…

Bangladesh re-commerce platform SWAP raises $1.25M in Seed funding to support growth in the country’s circular economy

SWAP has introduced the first ever cross-category exchange platform to facilitate the quickest upgrade program from even one category to another. This involves certified pre-owned products for consumers at as low as 60 percent of retail value with 1 year full warranty and insurance coverage including liquid and accidental damage. The platform has enabled…

iSeller raises $8M pre-Series B financing led by Openspace and AppWorks to digitize commerce in Indonesia

With the new funds, the company plans to enable more merchants to start, run, and grow businesses more easily, manageably, and efficiently, the company said in a statement. This will be achieved by aggressively expanding its e-commerce solutions and offline presence to 50 cities across Indonesia, building off the company’s current footprint in the Greater…

EI Industrial raises $670K to launch Vietnam’s first industrial-focused B2B e-commerce marketplace

Launched in 2020, EI Industrial is a B2B e-commerce marketplace that aims to accelerate digital procurement in Vietnam.

South Korea 3D sketch software Sketchsoft raises $3.2M Series A co-led by SBVA for talent acquisition & further expansion into global markets

Sketchsoft, which aims to commercialize human-computer interaction technology for 3D sketches, will use the funding to expand its talent pool and explore new global markets in different fields.

Standard Chartered to provide $500M financing to BNPL firm Atome for its expansion

This funding will enable Atome Financial to grow and connect a wider ecosystem of merchants to a larger customer base, improving product access and financial inclusion for consumers across the region.

Indonesia all-in-one restaurant operations platform ESB raises $7.6M in Series A+ round led by Alpha JWC Ventures

With this fresh funding, ESB will further expand its proposition including tech-enabled upselling features, enhanced business intelligence (BI) platform, delivery solutions, payment solutions, financing, and human resources information system (HRIS) to become the dominant end to end F&B business operating platform.