Japanese space startup ElevationSpace raises $2.7M Seed funding
ElevationSpace Inc., a Japan-based space startup company that develops a space environment utilization and recovery platform to replace the International Space Station (ISS), announced Tuesday it has raised seed funding of $2.7 million from six investors, bringing its total raise to approximately $3 million.
In addition, Masafumi Kawai, Partner/Chief Environmental, Social, and Governance (ESG)…
Singapore’s Mighty Jaxx nets $20M in Series A+ funding led by East Ventures
Mighty Jaxx, a Singapore-based collectibles maker, announced Monday the first close of $20 million in its oversubscribed Series A+ funding round, pushing the company’s valuation to over $200 million.
The funding round, fuelled by burgeoning interest in the phygital and metaverse future, was led by East Ventures (Growth Fund) and includes new strategic investor Mirana Ventures - the venture…
Malaysia’s RHL Ventures scouts opportunities in ESG, healthcare & financial sectors as it finalizes Hibiscus fund
RHL Ventures, which is in the midst of finalizing funds for its Hibiscus Fund, is seeking opportunities in the environmental, social and corporate governance (ESG)-related, healthcare and financial sectors, a top executive said.
“While these trends may not seem new, these themes have started gaining momentum in recent times,” the Malaysia-headquartered VC firm Co-founder and Co-Managing…
Wavemaker Partners closes fourth fund above goal at $136 million
Southeast Asian venture capital firm Wavemaker Partners announced Tuesday that it just closed its fourth fund at $136 million, making it the largest fund focused on early-stage (Seed/Pre-A) enterprise, deep tech, and sustainability startups in Southeast Asia.
Surpassing its $120 million fundraising goal, Wavemaker's Fund 4 is 22 percent bigger than the previous fund ($111 million) that closed…
Singapore voice AI start-up AI Rudder bags $50M in Series B funding to propel growth and international expansion
AI Rudder, a Singapore-based voice artificial intelligence (AI) start-up, announced Tuesday it has closed a $50 million Series B funding round, bringing total funding in the last 12 months to $60 million.
New investors Tiger Global, Coatue, Cathay Innovation, First Plus and VenturesLab participated and were joined by previous investors Sequoia Capital India and Huashan Capital, AI Rudder said…
Binance launches payments technology company Bifinity
Blockchain ecosystem and cryptocurrency infrastructure provider Binance on Monday announced the launch of Bifinity, a payments technology company and its official fiat-to-crypto payments provider.
Bifinity's on- and off-ramp solutions will empower businesses to adopt crypto and reach new audiences with easy, direct fiat-to-crypto transactions, Binance said in a statement.
The announcement…
Australian FinTech firm Zeller doubles valuation to over $1B with $100M raise
Zeller, an Australia-based FinTech firm, said Thursday it has raised $100 million in Series B round at a valuation worth of $1 billion.
The Series B, which saw Zeller more than double its valuation, was led by US-based Headline, with additional funds contributed by Australian industry superannuation fund Hostplus, Zeller said in a statement.
Previous investors, including Square Peg,…
Singapore’s Funding Societies unveils virtual card Elevate, addressing 80 percent MSME corporate credit card gap
Funding Societies, a Singapore-based small and medium-sized enterprises (SME) digital financing platform, announced Thursday that it has launched Elevate, a virtual card solution for micro, small and medium enterprises (MSMEs) in Singapore.
The card is available on a credit line on the FinTech platform’s website and mobile app, and entitles qualified MSMEs to interest free credit for a period…
Sea Ltd’s Shopee exits France months after entering Europe – report
Singapore-headquartered Sea Ltd.’s e-commerce arm Shopee is said to be pulling out of France, retreating from a major market just months after launching its maiden foray into Europe, Bloomberg reported on Tuesday.
The site will close on March 6, Shopee said in a notice on its website in the country, promising to complete all paid orders till then, according to the report.
“Following a…
Philippines social commerce startup SariSuki bags $7.1M from regional and global investors
SariSuki, a Philippines-based social commerce startup, said Wednesday it has raised $7.1 million from regional and global investors, bringing its total funding to $10.7 million in 2021.
The company said in a statement venture capital investors included Openspace, Susquehanna International Group (SIG), Global Founders Capital (GFC), Saison Capital, JG Digital Equity Ventures, and Foxmont…