Investments
Singapore’s Zipmex bags over $41M in Series B funding round
Bank of Ayudhya’s corporate venture capital arm, Krungsi Finnovate, has joined as an investor. Plan B Media Public Company Ltd and Master Ad Public Company Ltd have also announced their commitment to the company in the Series B fundraising.
Malaysia’s Carsome raises $200M in financing round, valuation hits $1.3B
The Series D2 round saw participation from one of the largest sovereign wealth funds in the region and a pool of new international investors such as Catcha Group and MediaTek as well as strong participation from existing shareholders including Asia Partners, Gobi Partners, 500 Southeast Asia, Ondine Capital, MUFG Innovation Partners, Daiwa PI Partners, and…
Digital health platform Doctor Anywhere closes $65.7M Series C, deepens expansion into Southeast Asia
DA has built a strong ecosystem of payers, providers, and patients across its core markets. It has close to 2,800 doctors and medical professionals within its network in the region, and it also works closely with major hospitals and healthcare institutions.
Malaysia’s gig workers employment platform Troopers bags close to $1M in Series A round
The investment will be used for technology development, marketing, and working capital to further expand its business In Malaysia.
Malaysia’s Islamic crowdfunding platform Ethis Group raises $1.7M in pre-Series A round
This ‘Super Angel’ round included leaders and executives from Islamic finance and fund management across various jurisdictions.
MDEC launches Global Technology Grant to nurture global tech champions
The grant provides up to 2 million ringgit funding for eligible technology companies and technology accelerators.
Singapore’s cloud workflow startup Tessaract raises $3.3M in Wavemaker Partners-led Pre-Series A funding round
The round also includes CMIA Capital Partners, M Venture Partners, as well as angels, Anand Swaminathan and Doug Parker.
Malaysia-based SPAC Kairous Acquisition files for a $50 million IPO on NASDAQ
The SPAC intends to focus on fast-growing technology companies in e-commerce, financial technology, insurance technology, digital health, digital media, and digital services.
Taiwan’s XREX raises $17M in Pre-Series A funding round led by CDIB Capital
XREX will use the funding to expand its fiat currency portfolio, acquire additional licenses, and forge partnerships with more financial institutions and digital wallets.
Political uncertainties in Malaysia seen as ‘short-term risks’, say tech investors
Venture capitalists TechNode Global contacted opined that political issues will have little impact on investors' confidence in Malaysian tech startups. The tech industry in the country will continue to grow due to the ongoing pandemic which has accelerated digitalization.
