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…