Singapore’s Temasek to halt investments in Chinese tech firms ‘temporarily’ amid Beijing crackdown – report
Singapore state investor Temasek is temporarily halting new investment in Chinese tech firms, in view of the uncertainties over Beijing’s crackdown on the tech sector, according to its top executive.
Temasek is waiting to see how China defines the rules governing the ways its tech players can operate before making any fresh bets on the country’s digital players, its Chief Investment Strategist…
Philippines BNPL startup Plentina raises additional $2.2M in TMV-led funding round
Plentina, a Philippines-based Buy Now Pay Later (BNPL) startup, said it has raised $2.2 million in the latest funding round led by TMV, a New York-based venture capital firm that invests in purposeful startups reimagining the future.
Meanwhile, Global Founders Capital and existing investors AV Ventures, Techstars, Unpopular Ventures, and prominent Southeast Asian family offices also joined the…
Indonesia influencer platform KaryaKarsa raises $500K Seed round led by Accelerating Asia, Sketchnote Partners
KaryaKarsa, an Indonesian platform that enables creators to distribute and monetize their work, said Tuesday it has raised close to $500,000 seed round, led by Accelerating Asia, Sketchnote Partners and a number of other institutional and angel investors.
KaryaKarsa said in a statement, the seed round will support the company’s growth in the Southeast Asia market and advance the platform.…
Singapore’s AI Rudder raises $10M in Series A round co-led by Sequoia Capital India and Sequoia China Seed Fund
AI Rudder, a Singapore-based voice artificial intelligence (AI) startup, announced Tuesday it has raised $10 million in a Series A funding round co-led by Sequoia Capital India and Sequoia China Seed Fund.
Existing investors Zhen Fund, IMO Ventures, Zizhu Xiaomiao Fund, and Huashan Capital also participated in the round.
AI Rudder said in a statement, the fresh fund will be used to further…
Philippine tech ecosystem poised to grow further with more investments & gov support – report
The Philippines tech ecosystem, which has been lagging behind its Southeast Asia counterparts, has begun changing for the better following a growing number of investments in the local market and increasing support from the government, a recent report showed.
Funds raised by startups in the Philippines during the first ten months of 2021 almost exceed the total amount of funds raised from 2017…
The NFT Boom: The popularity behind Non-Fungible Tokens [BEYOND Virtual Panel]
After the hype of the non-fungible token (NFT) boom early this year, speculation states that it will soon go bust. However, as with any hyped market, the future is always tricky. For this BEYOND Virtual Panel held on November 10, 2021, TechNode Global brought together NFT enthusiasts and analysts to explain the surreal popularity behind the NFT industry, its ups, and downs, as well as the…
India home furniture startup Wakefit.co raises $27 M Series C led by SIG
Wakefit.co, India’s largest home and sleep solutions company, announced Thursday it has raised INR200 Crores ($26.87 million) Series C round of funding led by US investment firm SIG.
Sequoia Capital India and Verlinvest also participated in the round as existing investors.
With the Series C round, Wakefit.co’s valuation will soar to over INR2800 Crores ($380 Million).
Wakefit.co said in…
Indonesia’s GoTo secures over $1.3B in first close of pre-IPO fundraising
GoTo Group, the Indonesia merged entity of Gojek and Tokopedia, announced Thursday the first close of its pre-initial public offering (IPO) fundraising, securing more than US$1.3 billion.
The round was backed by investors including a wholly-owned subsidiary of the Abu Dhabi Investment Authority (ADIA), Avanda Investment Management, Fidelity International, Google, Permodalan Nasional Berhad…
Singapore food supply chain marketplace TreeDots secures $11M Series A Investment led by Amasia and East Ventures
TreeDots, a Singapore-based integrated food supply chain ecosystem, announced Thursday it has successfully raised $11 million Series A funding co-led by venture capital firms Amasia and East Ventures (Growth fund).
Other investors included ACTIVE Fund, Seeds Capital, author Nir Eyal, and actress Fiona Xie.
TreeDots said in a statement that it is looking to enhance its growing food logistics…
Southest Asia internet economy is expected to reach $1T GMV by 2030 – report
Continued shifts in consumer and merchant behaviour, matched with strong investor confidence, have ushered Southeast Asia (SEA) into its “Digital Decade” - and the region is on its way towards $1 trillion gross merchandise value (GMV) by 2030, said an industry report on Wednesday.
“While SEA’s internet economy was resilient in 2020, a resurgence in 2021 has propelled the region upwards to $170…