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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 startup has closed three funding rounds of Series B within the past six months, bringing the company’s total raised to over $70 million.
Secai Marche , a farm-to-table fulfillment platform serving farmers in Japan and Southeast Asia, announced today it has raised 210 million Japanese yen (about $1.6 million USD) in Series A funding. Spiral Ventures AsiaFund I and Beyond Next Ventures. This brings the startup’s total raised so far to $4.5
However , some venture firms have taken this up a notch by bringing founders to create a fund and invest together. Since the firm’s first fund launched in 2017, MAGIC has invested in 70 companies at pre-seed and seed stages across these emerging markets. MAGIC Fund has 12 founders who act as general partners.
Chinese-backed and Africa-focused fintech company OPay raised $400 million in new financing led by SoftBank Vision Fund 2, Bloomberg reported Monday, valuing the company at $2 billion. The new financing also comes two years after OPay announced two funding rounds in 2019 — $50 million in June and a $120 million Series B in November.
The round was led by Hanhwa Investment & Securities, with participation from SoftBank Ventures Asia (the early-stage venture capital arm of SoftBank Group), SK Networks, Aarden Partners and other strategic partners. It brings CHAI’s total funding to $75 million, including a $15 million Series A in February.
million in Series A funding led by Sequoia Capital Southeast Asia. Other participants included EscapeVelocity, PayPal Alumni Fund and angel investor Gokul Rajaram. The funding will be used to scale Tazapay’s business in Asia and expand in regions like the Middle East and Europe.
3) Animals Asia Shop :: shop.animalsasia.org. Proceeds benefit Animals Asia work to end bear bile farming and improving the welfare of animals in China and Vietnam. 100% of profits help fund Surfrider’s mission to protect the world’s ocean, waves and beaches. 32) World Wildlife Fund Gifts :: gifts.worldwildlife.org.
Speedoc , a health tech platform that brings hospital care to homes, has raised $28 million in pre-Series B funding. Returning investor Vertex Ventures Southeast Asia and India, which led Speedoc’s $5 million Series A in 2020, also participated. The round included Bertelsmann Investments, Shinhan Venture Investment and Mars Growth.
Igloo , a Singapore-based insurtech focused on underserved communities in Southeast Asia, announced it has raised a Series B extension of $27 million, bringing the round’s total to $46 million. Igloo currently works with 20 global, regional and local insurers across Southeast Asia.
The Singapore-based cybersecurity startup announced today it has raised $6 million in seed funding from Sequoia Capital Southeast Asia, which it will use on R&D engineering and its go-to-market plans. SquareX’s go-to-market strategy will focus on the United States, the United Kingdom and Asia first.
The Series D funding, which brings its total funding to date to approximately $91.7 Founded in 2016 in Singapore, AnyMind expanded into Southeast Asia, East Asia, India and the Middle East through aggressive acquisitions. million, consists of ¥4 billion (29.4 million) in equity and ¥1 billion in debt.
Mental health startup Intellect ’s ambitious goal is to be available across the Asia-Pacific, but ensure localized, culturally-competent care in each of the many markets it serves. Intellect describes this as “the largest venture round raised by any mental health company in Asia.” For mental health startups, happiness is in niches.
3) Animals Asia Shop :: shop.animalsasia.org. Proceeds benefit Animals Asia work to end bear bile farming and improving the welfare of animals in China and Vietnam. 100% of profits help fund Surfrider’s mission to protect the world’s ocean, waves and beaches. 25) World Wildlife Fund Gifts :: gifts.worldwildlife.org.
Undergirding their strong conviction is a bet that India and Indonesia and other markets in South Asia will double and triple their GDPs in the next 10 to 15 years, and the public markets and tech companies stand to take a significantly broader role in that surge. The combined market cap of top-five tech companies in the U.S.
Founded in Singapore and Manila by Robertz, fellow Zalora alumni Jannis Dargel and former Grab lead product manager of maps Shrey Jain, Locad announced today it has raised $11 million in Series A funding led by Reefknot Investments , a joint venture between Temasek and logistics company Kuehne + Nagel.
Focused on Southeast Asia, Ayoconnect ’s APIs make it faster for businesses to launch new financial services, instead of needing to build their own tech infrastructure. Its APIs are cover two categories: open banking APIs and payment services APIs, with the goal of building the most complete open finance stack in Southeast Asia.
Tech layoffs have hit almost every region in the world , and Southeast Asia is no exception , with companies like Sea , Crypto.com and JD.ID Is consolidation on the horizon for Southeast Asia’s tech industry? among those affected.
Rali_cap , an early-stage venture capital firm focused on emerging markets fintech, has launched a $30 million fund. Last month, the firm, formerly known as Rally Cap Ventures, reached its first close of $20 million (its initial target) before increasing the fund size, signaling a strong LP appetite. About 40% are based in the U.S.,
The Mountain View corporation will work together with the Chilean infrastructure fund Desarrollo País of Chile, the Office of Posts and Telecommunications of French Polynesia (OPT) and other partners to link Australia and Chile. Read Entire Article
million in pre-Series B funding, led by Headline Asia. The new funding will be used to grow its customer base in Singapore, Vietnam and Indonesia, and expand into new markets in Southeast Asia, like Malaysia, the Philippines and Thailand. In a statement, Headline Asia partner Aki Okamoto and principal Jonathan M.
To that end, the ten-year initiative will coordinate donor resources to build international networks in the independent moving image ecosystem that foster deeper collaborations between civic leaders and content creators — funding aligned organizations, research, and creative content appearing across traditional and digital platforms.
Sopoong , a social impact-focused VC, intends to support environmentally minded tech founders in South Korea and Southeast Asia, while building a bridge between Korean conglomerates and startups in the sector. Its sweet spot is early-stage ventures from seed to series A stages across South Korea and Southeast Asia.
Now it’s set a goal of investing in 100 more startups with the launch of its second emerging market seed-stage fund, called Seedstars International Ventures II (SIV), with a first close of $20 million. One difference between SIV II and the first fund is that it can writer bigger checks. We align ourselves with a lot of the ESGs.”.
Source: United Nations Population Fund. In the coming decades as wealth rises in Asia, so will philanthropy and with it a second wave of online activism and giving. A messaging app revolution is happening throughout Asia, Africa, Latin America, and the Middle East. Source: Rothschild’s Giraffe Project.
Kenya-based MyHealth Africa , an integrated healthcare platform changing how people access medical services, by connecting patients with local and international health specialists and hospitals, is growing its reach in Africa, and plans to further expand in Middle East and South Asia next year.
MENA and Asia Pacific areas. Another MOU with ArcelorMittal will “evaluate the potential of Heliogen’s products in several of ArcelorMittal’s steel plants.” ” Facilities are planned in the U.S., Beyond mining and smelting, the technique could be used to generate hydrogen in a zero-carbon way.
WeRide, one of China’s most-funded startups developing autonomous driving capabilities, said on Wednesday that it has raised a $200 million strategic round from Chinese bus maker Yutong. Autonomous driving startups in China are racing to showcase their progress, in part to attract funding for their cash-bleeding businesses.
As someone who covers Southeast Asia startups and funding stories, the best word I can think of to describe 2021 is “whoa!” Backed by international LPs, Southeast Asia-focused venture firms like Alpha JWC , AC Ventures and Jungle Ventures raised their largest funds yet.
Indian fintech KreditBee has raised an additional $100 million in a funding round, it said, as the lender looks to scale its business in the South Asian market. The new cash infusion is part of the larger Series D funding , which KreditBee said has now closed at $200 million.
Increased access to online and mobile giving technology in Africa, Asia, and South America will likely grow these numbers significantly in coming years. View: Giving Trends in Asia Data Sheet. 1) 54% of donors worldwide prefer to give online with a credit or debit card and 9% through PayPal. View: Giving Trends in Africa Data Sheet.
Spot bitcoin exchange traded funds, or ETFs, have been a hot topic in the crypto community for many years, but have recently gotten more attention due to Jacobi Asset Management listing Europe’s first bitcoin spot ETF almost two years after its initial approval. Check out what caught our attention below.
One of the biggest catalysts of the increase in VC investments, however, has been the Elevate NZ Venture Fund , a $300 million fund of funds program that will invest capital into VC firms over the next five years. Note: All monetary amounts are listed in New Zealand dollars unless otherwise stipulated. .
The Off-Grid Energy Access Fund (FEI-OGEF), Cordaid, and Qotto’s existing investors also participated in the round. Sun King raises $260M to widen clean energy access in Africa, Asia Founded in 2016, Qotto designs and distributes stand-alone solar kits and lanterns to individuals residing in the least electrified regions of Africa.
has raised $10 million in a funding round led by the South Korean gaming company Krafton. The Krafton-led, all-equity Series A funding round also saw participation from Peer Capital. Krafton backs Indian influencer marketing platform One Impression in $10M funding by Jagmeet Singh originally published on TechCrunch
The funding was led by Asia private equity firm TGVest Capital. “We We plan to use the new funding to double down on expanding our footprint in key markets, including Taiwan, Japan, Hong Kong, Korea and Asia,” founder and CEO Ming Chen told TechCrunch. “In In Japan alone, we added 35,000 new activities.”.
Lalamove will extend its network to cover more small Chinese cities after raising $515 million in Series E funding, the on-demand logistics company announced on its site. The company’s last funding announcement was in February 2019, when it hit unicorn status with a Series D of $300 million. All three are returning investors.
The funding environment for startups across the globe has been challenging for the past year, but some sectors are still attracting checks as if it was 2021. In Asia, one such sector appears to be the luxury fashion resale market, particularly for platforms that are seeing an uptick in users and sales. million from 2.2 million from 2.2
million in follow-on funding. Now two years later, despite a much different funding environment, especially for fintech startups , Endowus is announcing another round. The new funding will be used to scale in its main markets of Singapore and Hong Kong, where it currently serves over 100K clients in both markets.
Xendit , a payments infrastructure platform for Southeast Asia, has raised $300 million in fresh funding. The company’s new valuation wasn’t disclosed, but it hit unicorn status in its last round of funding in September 2021. Part of the funding will be used to expand into new markets, like Thailand, Malaysia and Vietnam.
The lack of trust between NGOs and local Kenyans and the expectancy that NGOs are funded from outside Kenya are the key reasons for limited local fundraising towards NGO in Kenya. M-Changa also makes it easy for NGOs to account for funds coming in from multiple paymnet channels with automatic reporting and statements.
WritePath announced that it has raised $340,000 in pre-Series A funding, led by Quantum International Corp. WritePath’s previous investors include byUDN.com, a subsidiary of United Daily, one of the largest media organization in Taiwan, and Singaporean translation firm Elite Asia. CEO Alex Lee.
The company is also getting inquiries from Asia. “We 4 investors discuss the next big wave for alternative seafood startups Plant-based seafood startup the ISH Company rides new funding wave toward pipeline commercialization by Christine Hall originally published on TechCrunch
Indian insurtech Acko is in late-stage discussions to secure $120 million in a funding round at a time when weak global market conditions have subdued large financing deliberations in the South Asian market. Amazon-backed Acko nears $120 million in new funding by Manish Singh originally published on TechCrunch
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