Investments
Social entertainment startup Kumu to scale operations and roll out new features with Series B fundraise led by SIG and Openspace Ventures
Kumu will use the new infusion to scale its current operations, which has seen significant growth over the past year. To date, an estimated 11.2 million registered users around the world watch live streams up to 60 million times per month, with over 100,000 active streamers commanding about one hour of average daily usage for its mostly Gen-Z & Millennial…
With Flash Express entering Unicorn status, will we see more Southeast Asia Unicorns emerge?
The logistics startup plans to use the fresh funding to expand into more communities, introduce payments services, and support online merchants through loans. Earlier this year, the company launched in Laos, and it also plans to enter Cambodia, Myanmar, and Vietnam.
Indonesia HealthTech startup Alodokter secures fresh capital from MDI Ventures and Samsung Ventures
The investment from MDI Ventures and Samsung Ventures will be directed to further improve Alodokter's ecosystem ... Key focus areas going forward include technology innovation, increasing the talent pool, and adding new features and functionalities.
Philippines startup Great Deals E-Commerce secures $30M Series B led by Fast Group
Great Deals plans to use its Series B fund to build an automated fulfillment center that will concentrate on tech development. This will be a big help for the company to meet the growing demand for e-commerce in the Philippines.
Returning investor Telkomsel boosts Gojek investment by $300M to grow Indonesia’s digital lifestyle infrastructure
Gojek’s total funding now sits at $5.3 billion. Telkomsel has been working together as early as 2018 when they partnered to subsidize mobile data costs incurred by Gojek’s driver-partners. In November 2020, Telkomsel invested $150 million into the company to explore a “broad range of collaboration opportunities.”
Acronis secures $250M increasing valuation to $2.5B to increase technical capabilities and datacenter presence
Acronis plans to boost the manpower in engineering, sales, and technical support teams. Currently, the company has 1,600 employees worldwide, with roughly 1,000 of them in technical roles. It plans to double the number of technical employees in Bulgaria, Israel, Singapore, Switzerland, and Arizona within the next 2 to 3 years.
Una Brands raises $40M Seed fund to consolidate small e-commerce brands in APAC
Una Brands indicated intends to use the capital to purchase and scale e-commerce brands operating in the Asia-Pacific region. The company plans to buy businesses that sell their products on leading e-commerce sites including Amazon, Shopee, and Lazada.
Former execs from Carousell, OVO & Airbnb launch Rainforest with $36M Seed fund to consolidate APAC Amazon Sellers
The startup will be using its seed fund to acquire Amazon FBA (Fulfillment by Amazon) brands, invest in technology, and bolster the company’s efforts in recruitment.
Thai FinTech startup atato raises $1M in Seed round led by Zipmex and SOSV
atato plans to use its fresh capital to continue working on its digital assets products and to strengthen its teams, security, and compliance. It plans to continue helping companies create, store, and manage digital assets in full compliance with any local digital assets regulations. The company specifically wants to work on compliance in the areas of…
