Investments
HealthTech platform Halodoc secures $80M Series C to further improve digital healthcare in Indonesia
The company plans to use its fresh capital from the Series C fundraise to continue working on its digital solutions. It will be used to penetrate key healthcare verticals across the country, improving user/patient experiences with tech-based solutions for the country's most pressing healthcare problems.
Indie game dev platform Jambox secures $1.1M Seed funding to foster next-gen competitive game publishing in India and SEA
The Seed fund will be used to fuel the startup’s next-generation competitive game publishing platform for indie game developers specifically in India and Southeast Asia. Jambox plans to launch the platform and establish roots in Vietnam, India, and Indonesia before moving towards launching in Malaysia, Thailand, and the Philippines.
Indonesia e-commerce unicorn Bukalapak receives backing from state-owned banks in a $234M venture round
The company plans to use its fresh capital to increase its user base of warungs (mom and pop stores), micro, and small businesses in Indonesia. The company’s strategic partnerships with both state-owned banks will also give its user base access to more products and services that the banks offer.
Philippines ‘buy now, pay later’ platform Plentina raises $2.2M in Seed funding round to accelerate credit access to the underbanked
The FinTech startup plans to use its fresh capital to grow its data science, business development, and customer operations teams.
Pakistan logistics tech startup Truck It In raises $1.5M in pre-Seed funding round
The startup plans to use its fresh capital to continue solving complex supply chain issues and to bring Pakistan’s road freight industry to the digital age. Truck It In is also looking to onboard skilled talents within the MENAP region to continue fulfilling its mission. Its platform is currently being used in Karachi, Lahore, Islamabad, and Faisalabad.
Grab inks SPAC deal with Altimeter Growth as it readies US IPO at $39.6B valuation
It is expected to be the largest-ever US equity offering by a Southeast Asian company as the deal values the leading Southeast Asian super app at approximately $39.6 billion. The company is expected to be traded on NASDAQ under ticker “GRAB” as it goes public.
With $2.6M pre-Series A, Vietnam’s Dat Bike aims to drive the future of Southeast Asia’s e-bike market [Q&A with Founder & CEO Son Nguyen]
We want to transform the 250 million gasoline bikes in Southeast Asia to electric vehicles. We believe that if given a choice, everyone would pick electric over gas.
Retail analytics platform Trax raises $640M Series E led by SoftBank Vision Fund 2 and BlackRock
Trax plans to use the fresh capital to continue providing digital transformation solutions for brick-and-mortar retail companies by expanding its products.
With growing use from increased digitalization, career and recruitment platform Glints secures $22.5M Series C for APAC expansion
The company plans to use the fresh capital to support its overall mission of empowering the career development of 120 million professionals in Southeast Asia by expanding in Singapore, Indonesia, Vietnam, and Taiwan, and hiring for its product and engineering teams.
SaaS startup Nimbly Technologies secures $4.6M pre-Series A led by Insignia Ventures Partners
With its pre-Series A fund, the company looks to speed up its growth and gain more traction in its existing markets, as well as expand its reach across untapped markets within the region.
