Investments
Singapore payments firm Spenmo secures $34M Series A led by Insight Partners
Led by Insights Partners, Spenmo has clinched one of Singapore’s largest Series A funding rounds to date.
UOB Venture Management leads $30M Series B in Indonesia ‘halal’ social commerce platform Evermos
The fresh funds will be used to expand the leadership and growth teams, to enter new geographies and to deepen technology development.
Singapore-based Ezyhaul & DHL invest $20M in UK logistics tech startup DigiHaul
Ezyhaul and DHL will both take a share in DigiHaul, and the investment will be used to support "ambitious growth plans" through customer and transporter acquisition.
Indonesia social e-commerce platform Dagangan raises $11.5M Series A led by Monk’s Hill Ventures
The funding will be used to grow Dagangan's house brand of private-label local products, product development, talent acquisition, and grow partnerships with community leaders, key opinion leaders, local entrepreneurs, and village chiefs.
Singapore-based online spiritual wellness firm Emerging Vision raises $4M in Series A funding
The company will use the funds raised to enhance its live streaming technology- and AI-powered online spiritual platforms and scale its operations across new and existing markets.
Airwallex raises $200M in Series E led by Lone Pine Capital, reaches $4B valuation
The investment will support Airwallex's global expansion and enable the company to accelerate multiple product development initiatives across its engineering hubs, grow its sales teams and increase its breadth of offerings for SMEs and larger enterprises.
SOCAR Malaysia raises $55M in Series B funding from EastBridge Partners, Sime Darby
The $55 million investment will be channeled towards continuous technological enhancements and investing in further trust and safety measures that will help improve the overall profitability of the business.
Upstage raises $27M Series A funding led by SoftBank Ventures Asia for hiring AI talent and development of AI stack
Upstage plans to use the funds raised to recruit a large number of AI specialists and developers to accelerate the development of its ‘AI Pack.'
Japan eGift firm Giftee invests in Indonesian customer loyalty platform TADA
Giftee's investment into TADA Network marks its second major investment outside of Japan as part of the company's expansion in Southeast Asia.
Thai alternative digital lending platform SCB Abacus closes a $12M Series A round led by Openspace Ventures
SCB Abacus will use the fresh funds to strengthen its digital infrastructures, drive product adoption and recruit additional talent.
