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Indonesian insurtech startup Fuse gets $25M Series B extension to expand further in Southeast Asia

TechCrunch

Indonesia-based insurtech startup Fuse announced today it has secured $25 million of Series B extension round as it plans to enter more countries including Thailand and Vietnam in Southeast Asia. The pandemic accelerated the digital transformation in the insurance industry, one of the most conservative sectors.

Asia 131
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SwipeRx lands $27M from MDI and Gates Foundation to digitize the pharma industry in Southeast Asia

TechCrunch

Pharmacies in Southeast Asia were largely fragmented, mom-and-pop shops operating in silos when the company — originally known as mClinica — was incorporated in Singapore in 2014. Certainly, SwipeRx — which raised $6.3 million in Series A funding in 2017 — has the kind of momentum that investors like. ”

Asia 84
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Backed by East Ventures, Fr8Labs aims to digitize Asia’s logistics industry

TechCrunch

In Western markets, freight forwarders are well into digitizing their operations, but the same doesn’t hold true in Southeast Asia, say the founders of Fr8Labs. The reasons for that include the lack of localized software and a more fragmented logistics industry where SMBs dominate.

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Predicting the next wave of Southeast Asia tech giants

TechCrunch

Amit Anand is a founding partner of Jungle Ventures and an early pioneer and leader in the development of Southeast Asia’s venture capital industry. Southeast Asia is hitting a sweet spot. Amit Anand. Contributor. Share on Twitter. However, these companies only represent the highlights of what is a blossoming startup ecosystem.

Asia 96
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Profet AI helps manufacturers build prediction models and industrial AI software

TechCrunch

The funding will be used on Profet AI’s expansion in Japan, Southeast Asia and China, with plans to sign joint ventures with overseas partners. Profet AI’s software lets users build prediction models and industrial AI apps for production and digitalization, even if they only have basic knowledge of machine learning.

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Investors are doubling down on Southeast Asia’s digital economy

TechCrunch

Amit Anand is a founding partner of Jungle Ventures and an early pioneer and leader in the development of Southeast Asia’s venture capital industry. This begs the question: Who exactly is investing in Southeast Asia? Southeast Asia has become an attractive market for U.S. Amit Anand. Contributor. Share on Twitter.

Digital 97
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H2O Hospitality secures $30M Series C to expedite hotel digital transformation

TechCrunch

H2O Hospitality will expand its business further by adding various types of accommodations in South Korea and Japan in 2021 and 2022 and plans to enter Singapore and Indonesia in 4Q in 2022 in line with its Southeast Asia penetration strategy, according to H2O Hospitality co-founder and CEO John Lee. There are currently about 16.4