Investments

Jumbotail has raised an $85 million Series C round led by Artal Asia Pte. Ltd. Jumbotail will use the funds to triple its engineering, product, design, data science, category management, marketing, and finance teams. It will also scale its core B2B marketplace to 100 cities and towns across India, expand its network of J24 stores, invest in large scale…

It’s that time of the year again when we take a look back at what had happened during the year in the tech and startup scene.

CapBay, a Malaysian multi-bank supply chain finance and peer-to-peer financing (P2P) platform, has secured MYR30 million ($7.1 million) investment from Kenanga Capital Islamic Sdn Bhd (KCI), a subsidiary of Kenanga Investment Bank Berhad (KIBB). The investment is a step forward to growing CapBay’s Shariah-compliant Supply Chain Finance arm, CapBay Islamic,…

Hong Kong-headquartered music tech start-up Soundbrenner has raised $1.5 million funding from Singapore and Hong Kong-based financing and growth platform Choco Up, supporting endeavours including a new software product, global expansion, and entering the music education industry.

Sleek has extended its Series A round to $25 million, with the participation of Singapore-based global investor EDBI and existing investors, in a mix of equity and debt. The startup, which announced a first closing led by White Star Capital and Jungle Ventures in November, will use the fresh funds to bolster tech and product development, hire new talent,…

VOLY has raised AU$18 million ($12.89 million) in one of the nation’s largest ever seed rounds led by Sequoia Capital India, with increased backing from Global Founders Capital (GFC) and Australian-based Artesian Capital. This funding round will enable VOLY to continue to scale, expand the team, rapidly increase operations across key urban centres and start…

BandLab has raised its first funding round involved outside investors. Led by Vulcan Capital with notable participation from K3 Ventures as well as existing investor Caldecott Music Group, the $53m round will allow BandLab to expand its team and continue to refine and grow its offerings to music creators and aspiring artists worldwide.

Otoklix has raised $10 million from Alpha JWC Ventures and AC Ventures. Sequoia Capital India’s Surge, and angel investors including Indonesia’s largest automotive conglomerate Astra International Ex-Chief Executive Officer Prijono Sugiarto, YouTube Co-founder Steve Chen and Google Executives in XA Network, also joined the round. With this fresh funding, it…

1982 Ventures announced the initial close of its first seed stage venture fund with $12.5 million in committed capital. The fund which is targeting to raise a total corpus of $15 million, is looking to invest in a total of 30 start-ups primarily in the fintech sector across Southeast Asia. Its first fund has been backed by US fintech unicorn Carta, Asia’s…

Juspay has announced $60 million in Series C funding led by SoftBank Vision Fund 2 with participation from existing investors VEF and Wellington Management.