Investments
Indonesia’s Bibit raises more than $80M funding led by GIC
ibit, one of the leading digital investment apps in Indonesia, announced Wednesday that it has raised more than $80 million in a funding round led by GIC Private Limited (GIC), joined by Prosus Ventures and other existing investors. The funds raised will be used for the launch of new products and services, tech development, acquiring top talent from the…
Singapore metaverse UGC platform BUD raises $36.8M Series B led by Sequoia Capital India
BUD, a Singapore-based metaverse user-generated platform, announces Monday its $36.8 million Series B round led by Sequoia Capital India with participation from ClearVue Partners, NetEase and Northern Light Venture Capital. Existing investors GGV Capital, Qiming Venture Partners and Source Code Capital also participated in the round.
Singapore’s SwipeRx secures $27M Series B funding to accelerate growth across Southeast Asia
SwipeRx (formerly mClinica Pharmacy Solutions), a Singapore-based platform for pharmacies, announced Monday it has secured a Series B round of $27 million in equity and debt to accelerate growth across southeast asia (SEA). The round was led by Indonesia's MDI Ventures, with participation from global investors, Bill & Melinda Gates Foundation, Johnson…
Singapore’s NextBillion.ai raises $21M Series B funding led by Mirae Asset Venture Investments
NextBillion.ai, a Singapore-based spatial data and mapping platform for enterprises, said Monday it has raised a $21 million series B led by Mirae Asset Venture Investments. Existing investors Lightspeed, M12 (Microsoft's Venture Fund) and Alphawave also participated in the round, bringing the total funding since inception in2020 to $34 million.
Singapore’s Matchmove acquires Shopmatic for $200M
MatchMove, Singapore-based embedded finance firm, said Monday it has acquired e-commerce specialist Shopmatic in a $200 million deal, creating an end-to-end embedded finance and ecommerce powerhouse. The combined company will enable MatchMove to provide its Banking-as-a-Service capabilities to Shopmatic’s ecosystem of over a million e-commerce small and…
True Platform raises $3.5M seed round led by January Capital
Vietnam-based business software-as-a-service (SaaS) startup True Platform announced Monday its recently closed $3.5 million Seed funding from January Capital, Alpha JWC Ventures, BEENEXT, FPT Corporation and other angel investors. The funding round was led by January Capital, a venture capital firm in Singapore with a portfolio of 40 startups from pre-seed…
Indonesian FinTech firm Xendit raises $300M Series D funding co-led by Coatue and Insight Partners
Xendit, an Indonesia-based payments infrastructure platform, announced Thursday it closed $300 million in Series D funding, taking the total amount raised to $538 million to power the world’s fastest-growing digital economy. Coatue and Insight Partners co-led the round with additional investment from Accel, Tiger Global, Kleiner Perkins, EV Growth, Amasia,…
Singapore’s Oddle raises $5M in Pre-Series B funding
Funds from this bridge round will power product development and regional market expansion in Singapore, Malaysia, Taiwan and Hong Kong.
TSBA cohort participants raise $40M through the collaboration with Indonesian Crypto Asset Exchange, Tokocrypto and BRI Ventures
Tokocrypto, an Indonesian crypto-asset digital exchange, has partnered with the country’s leading government-owned bank’s corporate venture capital firm, BRI Ventures, for an initiative known as Tokocrypto Sembrani Blockchain Accelerator (TSBA) powered by TokoLabs. Through the accelerator program, the collaboration has helped emerging blockchain projects…
Indonesia’s Mekari secures $50M funding led by Money Forward
Mekari, an Indonesia-based software-as-a-service (SaaS) startup, announced Friday its latest funding of $50 million led by Money Forward Inc, the largest SaaS provider of financial planning and accounting applications from Japan. This funding was also followed by the participation of previous investors.
