Venture Capital
Indonesia’s eFishery founder gets nine-year jail term in $300M case – report
An Indonesian court sentenced eFishery founder Gibran Huzaifah to nine years in prison on Wednesday, concluding a high-profile $300 million financial scandal that led to the collapse of one of Southeast Asia’s most celebrated startups.
Startups in Vietnam could choose to merge into conglomerates, says Web3X founder
The optimal development path for startups in Vietnam at the moment is to join conglomerates, such as via merger & acquisition (M&A) deals, instead of striving for initial public offering (IPO), said Erik Duong, founder of Web3 X, an investment fund and incubator specializing in Web3 and Blockchain startups.
Singapore-based Earth VC backs Sygaldry in $139M funding for quantum-AI infrastructure
Earth Venture Capital, a climate tech venture capital firm focusing on decarbonization, has announced its participation in Sygaldry Technologies’ $139 million financing round, which includes both a $34 million seed round and a $105 million Series A.
Southeast Asian startups total funding surges 110 percent year on year to $2.8B in Q1 – Tracxn
Southeast Asian startups raised a total of $2.8 billion in the first quarter of 2026, a surge of 146 percent compared to $1.1 billion raised in the fourth quarter of 2025, and a jump of 110 percent compared to $1.3 billion raised in the first quarter of 2025, Tracxn said Wednesday.
Indonesia’s supply chain growth platform Baskit raises $4.4M Series A to expand Southeast Asia operations
Indonesia-based Baskit, a technology and financial services platform focused on digitizing offline distribution networks in Southeast Asia, has secured $4.4 million in a Series A funding round.
Vertex appoints Temasek’s CEO Dilhan Pillay Sandrasegara as Chairman
Singapore-based venture capital firm Vertex Holdings has announced the appointment of Dilhan Pillay Sandrasegara, Executive Director and Chief Executive Officer of Temasek Holdings, as Chairman of the Board with effect from April 15.
OSK Ventures International exits from Alternatives.pe via strategic acquisition by Uzabase
Malaysia-based venture capital firm OSK Ventures International Berhad (OSKVI) has successfully exited its investment in Alternatives.pe through its fund OSK Ventures ET Fund II Ltd.P. (OSKVETF2), following the acquisition of Alternatives.pe by Japan-listed business intelligence firm Uzabase, Inc.
Temasek-backed AI venture firm Xora Innovation appoints Eric Rosenblum as General Partner
Xora Innovation, an early-stage AI and deep tech venture firm backed by Singaporean state-owned investment firm Temasek, has appointed Eric Rosenblum as General Partner.
Singapore AI startup OnSite raises $1.3M to solve construction inefficiencies
OnSite, a Singapore-based startup developing an AI-powered communication platform for the construction and facilities management industry, has raised S$1.7 million ($1.3 million) in a seed funding round.
Thailand’s Nightify raises $500,000 to expand nightlife experiences
Nightify, a Thailand-based platform focused on discovering, booking, and managing nightlife experiences, has raised a total of US$500,000 in seed funding, in a round led by A2D Ventures and other angel investors across the hospitality, retail, and consumer sectors.
