Investments

Japan eGift firm Giftee invests in Indonesian customer loyalty platform TADA

Giftee's investment into TADA Network marks its second major investment outside of Japan as part of the company's expansion in Southeast Asia.

Thai alternative digital lending platform SCB Abacus closes a $12M Series A round led by Openspace Ventures

SCB Abacus will use the fresh funds to strengthen its digital infrastructures, drive product adoption and recruit additional talent.

Electric scooter maker & battery-swapping platform Gogoro to go public via merger with Poema Global SPAC, resulting in $2.35B enterprise value

Gogoro's battery swapping ecosystem enables smart mobility for two-wheel electric vehicles--an alternative 'refueling' means comparable to gassing up at traditional refueling stations.

Singapore online marketplace Carousell becomes Southeast Asia’s latest unicorn after raising $100M

The latest funding round also came after Carousell raised $80 million in an investment round led by South Korean tech giant Naver in September last year.

Indonesia FinTech firm Xendit reaches unicorn status with $150M Series C led by Tiger Global Management

With the latest investment, Xendit plans to continue innovating its product suite, with sights on expansion into select countries across Southeast Asia.

Malaysian government entities MaGIC & Penjana Kapital collaborate to offer seed stage startups better funding access

By bridging the funding gap, MaGIC and Penjana Kapital aspire to reorient private capital for innovative start-ups, attract global and regional VCs into Malaysia, as well as elevate knowledge transfer, talent development and creation in Malaysia ecosystem.

Indonesia wealth tech firm Pluang raises $55M round led by Square Peg

With the fresh capital, the company will continue to democratize access for Indonesian retail investors to grow their wealth via its digital savings and investing products.

Thailand hobby-focused commerce startup Mercular extends Series A fundraise, ropes in Thai retail conglomerate Central Retail

The funding will be deployed to create an all-encompassing community-like shopping experience for the hobbyists.

Indonesia e-commerce firm SIRCLO bags $36M funding from East Ventures, Saratoga, Traveloka

The funding aims to further develop SIRCLO’s technological capabilities and accelerate the retail digitalization for various businesses all across Indonesia.

Singapore’s Neuroglee Therapeutics closes $10M Series A led by Openspace Ventures, EDBI

The funding injection will enable Neuroglee to launch virtual neurology clinics for patients diagnosed with mild cognitive impairment related to difficult-to-treat conditions such as Alzheimer’s disease, while also advancing the company’s DTx pipeline.