Latest news and trends about tech
Japan’s Olympus Corporation launches $50M venture capital fund to strengthen MedTech leadership
Olympus Corporation has announced the establishment of Olympus Innovation Ventures to invest in pioneering startups with innovative technologies that improve clinical outcomes, reduce healthcare costs and enhance the quality of life for patients.
Singapore consumer data and analytics startup Milieu Insight raises $5M funding led by MassMutual Ventures Southeast Asia
Milieu Insight has secured $5 million in its latest round of funding led by MassMutual Ventures Southeast Asia. The round also saw the participation from OSK Ventures International Bhd, Genesis Alternative Ventures, as well as several private investors. The funding will be primarily used for the development of new products, as well as geographic expansion…
Hong Kong’s Animoca Brands and South Korea’s Cube Entertainment form joint venture for K-pop music metaverse and NFTs
Animoca Brands and Cube Entertainment (Cube Ent) announced a joint venture for the purposes of building a music metaverse, and issue non-fungible tokens (NFTs) and ecosystem tokens based on the intellectual property rights of Cube Ent’s globally popular K-pop music artists and actors.
Singapore healthy food chain SaladStop! Group raises $8.8M Series B funding led by Temasek
SaladStop! Group has announced the closing of a SG$12 million ($8.88 million) Series B investment round, led by Singapore state investor Temasek. The fundraising proceeds will be used to continue to accelerate the group's digital transformation including its investment in proprietary technologies.
Vietnam proptech firm Homebase raises $30M led by Y Combinator and other global investors
Homebase will use the funding to expand its market leadership in Southeast Asia’s Proptech industry and get one step closer in its mission of empowering homeownership for 100,000 families across Southeast Asia, one family at a time. The company is set to further develop its proprietary technology, launch additional partnerships with real estate developers…
Philippine tech ecosystem poised to grow further with more investments & gov support – report
Funds raised by startups in the Philippines during the first ten months of 2021 almost exceed the total amount funds raised from 2017 to 2020.
Taiwan data governance startup FST Network raises $2.9M in Seed funding round
FST Network aims to deliver a comprehensive set of tools for data governance, management, and lineage, and this investment will be used to accelerate the company’s rapid growth, enhance product development and expand sales and marketing efforts.
Grab’s 3Q revenue down 9% due to coronavirus curbs, net loss widen to $988M
Mobility and food delivery services were suspended in Vietnam for most of Q3, and six of its core countries in which Grab operates experienced tighter movement controls.
Singapore asset trading platform Sparrow raises $4.4M Series A led by Gain Loyal
With the Series A funding by Gain Loyal, Sparrow also aims to attract talent in risk management, trading, technology, and operational excellence. It will also improve its KYC, AML, and CFT regulatory framework and continue to grow its workforce across all its functions.
Microsoft partners She Loves Tech to unlock $1B in capital for women entrepreneurs in Asia
Microsoft Asia has partnered with She Loves Tech to unlock $1 billion in capital for women-led businesses by 2030. The partnership will see Microsoft support an Azure-powered digital platform to facilitate connections at scale between women entrepreneurs, venture capitalists and angel investors from around the world.
