Investments

Respond.io, a Malaysia-based social to conversational commerce software as a service (SaaS) platform, has closed $7 million in Series A funding. The round was led by Headline Asia with participation from AltaIR Capital, Smart Partnership Capital, Sterling Oak Group & Calendula Ventures.

Cargobase, a Singapore-based logistics software firm, said Tuesday it has raised funds from Lufthansa Innovation Hub and Trestle Partners, reinforcing their joint commitment to supply chain tech innovation and digitalisation.

Virtual Internships, a United Kingdom-based EdTech company, announced Thursday that it has closed a $14.3 million Series A raise led by Hambro Perks. The round was also supported by Sequoia India and Southeast Asia’s Surge, Arsenal Growth, Kaplan, Ascend Vietnam Ventures, and STIC Investments.

Indonesia-based crypto exchange and marketplace Reku (formerly Rekeningku.com) has secured an $11 million series A funding round, led by AC Ventures (ACV), with participation from Coinbase Ventures and Skystar Capital. 

Glife Technologies (Glife), a Singapore-headquartered digital business-to-business (B2B) food and agritech company, has announced a $3 million Series A follow-on funding to further support their operations across the Southeast Asia region.

Singapore and Indonesia-based digital financial services group Fazz (previously known as Fazz Financial Group), announced Wednesday a $100 million Series C funding round. This consists of $75 million in equity, which includes investment from existing investors such as Tiger Global, DST Investment, B Capital, Insignia Ventures Partners and ACE & Company.

Ninja Van Group, a Singapore-based tech-enabled express logistics company, is investing $50 million in automation technology and systems to enhance its parcel processing capabilities across its key parcel sorting hubs.

MetaWeb Ventures, a global venture capital firm focused on pre-seed and seed investments in crypto start-ups, announced Thursday the launch of its first fund (Fund I), with total capital commitments of $30 million.

VerifyVASP, a Singapore-based compliance startup, has concluded its Series A investment led by FTX Ventures at $100 million valuation. FTX Ventures, together with Peak Capital and Bcharu, have invested $5 million into the company to cement its position as the Travel Rule solution trusted by reputable digital asset businesses.

ITSBLOC, a South Korea-based web 3.0 game platform, announced Wednesday that it successfully closed $7.5 million in an investment round. In particular, in institutional investment round, a total of eight institutions including Vista Labs, Nexus one, Edimus Capital, Atlas Capital, Bull&Bear, and three other institutions participated.