Singapore’s Funding Societies raises $294M led by Softbank to fuel expansion plans in Southeast Asia
Funding Societies, Southeast Asia’s largest small and medium-sized enterprise (SME) digital financing platform, announced Wednesday that it has raised $144 million in an oversubscribed Series C+ equity round led by SoftBank Vision Fund 2.
Other new investors included Vietnamese tech giant VNG Corporation, Rapyd Ventures, Asia-based global investor EDBI, Indies Capital, K3 Ventures, and Ascend…
Softbank, Tencent-backed Indian used car platform Cars24 raises $400M
India-based used car platform Cars24 announced on Monday the closing of a $400 million round of funding including a $300 million Series G equity round alongside $100 million debt from diversified financial institutions.
This round is Cars24’s third in just over a year and values the used cars e-commerce player at $3.3 billion, about double the valuation from its previous round in September…
India payment technology platform Juspay raises $60M in Series C funding led by SoftBank
Juspay, a digital payments firm India, has announced $60 million in Series C funding led by SoftBank Vision Fund 2 with participation from existing investors VEF and Wellington Management.
Juspay Founder and Chief Executive Officer Vimal Kumar said in a statement that the company has been in the forefront, building foundational infrastructure by unifying and enhancing hundreds of diverse…
US cybersecurity firm Claroty raises $400M Series E funding led by SoftBank, acquires Medigate for extended IoT protection
US-based cybersecurity firm Claroty announced that it has raised $400 million in Series E funding and entering an agreement to acquire Medigate, a leading healthcare Internet of Things (IoT) security company.
The round brings the company’s total funding to $635 million, making it the most well-funded cybersecurity company in the industrial, healthcare, and enterprise IoT sectors, Claroty said…
Kazakhstan car aftersales platform raises $700,000 funding led by Singapore’s Quest Ventures
CTOgram, a Kazakhstan car aftersales platform, announced Monday it has raised $700,000 funding led by Singapore-based venture capital firm Quest Ventures.
The round also saw the participation from MOST Ventures, and Adil Nurgozhin, a former board member of Baiterek Holdings, the sovereign wealth fund of Kazakhstan.
CTOgram said in a statement, the investment will speed up the adoption of…
Singapore’s True Global Ventures invests $1.25M in walletless NFT platform Forza Ikonia
Singapore-based venture capital firm True Global Ventures (TGV) on Tuesday announced $1.25 million funding with non-fungible tokens (NFT) platform Forza Ikonia to finance a vision of taking NFTs to the mass market with a frictionless first buyer experience using the eco-friendly Polygon blockchain technology.
TGV said in a statement that the investment coincides with the release of MAUER - an…
Hong Kong-based gaming platform The Sandbox raises $93M funding led by SoftBank to grow its open NFT metaverse
The Sandbox, a Hong Kong-based open non-fungible token (NFT) metaverse platform, said Tuesday it has secured $93 million in its Series B fundraising round led by SoftBank Vision Fund 2.
This represents SoftBank Vision Fund 2’s first investment in crypto assets, according to a statement.
Other investors in the round included Animoca Brands, True Global Ventures, Liberty City Ventures, Galaxy…
Softbank leads soccer NFT platform Sorare’s $680M Series B funding round
Editor's note: updated with information from Sorare's press statement
Paris-based fantasy soccer non-fungible tokens (NFT) platform Sorare has raised $680 million in Series B funding round led by Japan-based investor SoftBank, giving it a valuation of $4.3 billion, according to a statement.
Co-Founder and Chief Executive Officer Nicolas Julia said in a post that the fundraise is the…
Softbank, Tencent invest in Indian online used car platform Cars24 Services – report
India-based used vehicles platform Cars24 Services has raised $450 million in a new funding round led by SoftBank Vision Fund 2, DST Global and Falcon Edge, according to media report.
The Series F equity round of $340 million saw participation from China-based tech giant Tencent and existing investors Moore Strategic Ventures and Exor Seeds, India-based news portal livemint.com reported.…
Temasek, SoftBank invest in India EdTech unicorn Unacademy’s Series H funding round
India EdTech company Unacademy has raised $440 million in a funding round led by Singapore's state investor Temasek and other investors including General Atlantic, Tiger Global, and Softbank Vision Fund.
The latest fundraise takes the valuation of Unacademy Group to $3.44 billion, Unacademy said in a statement on Monday.
The Series H funding round also witnessed participation from Aroa…