Investments
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.
Electric scooter maker & battery-swapping platform Gogoro to go public via merger with Poema Global SPAC, resulting in $2.35B enterprise value
Gogoro's battery swapping ecosystem enables smart mobility for two-wheel electric vehicles--an alternative 'refueling' means comparable to gassing up at traditional refueling stations.
Singapore online marketplace Carousell becomes Southeast Asia’s latest unicorn after raising $100M
The latest funding round also came after Carousell raised $80 million in an investment round led by South Korean tech giant Naver in September last year.
Indonesia FinTech firm Xendit reaches unicorn status with $150M Series C led by Tiger Global Management
With the latest investment, Xendit plans to continue innovating its product suite, with sights on expansion into select countries across Southeast Asia.
