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HR tech platform Darwinbox has more than tripled its valuation to become a unicorn in a new $72 million funding round as the Indian startup leads what an investor calls the “SaaSification of Asia” trend. Darwinbox operates a cloud-based human resource management platform. Image Credits: Darwinbox.
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.
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.
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
LottieFiles , a platform for JSON-based Lottie animations, has raised a Series A of $9 million. The platform includes Lottie creation, editing and testing tools, and a marketplace for animations. The new funding brings its total raised to about $10 million.
Jenfi , a “growth-capital-as-a-service” platform, can provide online businesses with revenue-based financing in a little as a day. million in pre-Series B funding, led by Headline Asia. In a statement, Headline Asia partner Aki Okamoto and principal Jonathan M. The Singapore-based startup announced today it has raised $6.6
International organizations planning their fundraising strategies for the new decade and looking for new funding sources may be wondering how to maximize their success in attracting U.S. Select one of four legal paths for raising funds in the U.S. 2) Individuals (through ads targeted to individuals): Social Media Platforms (e.g.,
Tazapay was created to combine both card and real-time payment methods as a full-stack service for merchants who sell across borders, so they only need to use one payment platform. million in Series A funding led by Sequoia Capital Southeast Asia.
Now a startup that is building voice skins for different companies to use across their services, and for third parties to create and apply as well, is raising some funding to fuel its growth. Its previous investor SkyDeck Fund and a private investor, vice president of finance at DoorDash Michael Kim, also joined the funding.
His platform AngelList has helped individual founders-cum-investors source and participate in deals via collectives. However , some venture firms have taken this up a notch by bringing founders to create a fund and invest together. MAGIC Fund has 12 founders who act as general partners. Fund of micro funds but more than money.
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.
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.
Intellect , a Singapore-based startup that wants to lower barriers to mental health care in Asia, says it has reached more than one million users just six months after launching. Singapore-based Intellect wants to lower barriers to mental health support in Asia. Chai also participated. Intellect offers two products.
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.
One Impression, an Indian influencer marketing platform that does business in markets including Indonesia, Dubai, Europe and the U.S., has raised $10 million in a funding round led by the South Korean gaming company Krafton. Currently, One Impression has enabled its platform for Instagram and YouTube.
Oi Yee Choo, chief commercial officer of digital securities platform iSTOX. iSTOX , a digital securities platform that wants to make private equity investment more accessible, has added new investors from Japan to its Series A round, bringing its total to $50 million. million in funding. and Grab Financial’s investment products.
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.
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.” Intellect’s platform has two components.
Darwinbox, which operates a cloud-based human resource management platform, has raised $15 million in a new financing round as the Indian startup looks to further expand in the country and Southeast Asian markets. This is one of Salesforce Ventures’ rare investments in Asia. Image Credits: Darwinbox.
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.
Pakistan-based fintech platform, NayaPay , has raised $13 million in a seed round to rollout its multi-service messaging and payment app, and to build payment acceptance and financial management tools for businesses in the South Asian country. We are very bullish on fintech in Pakistan.
Fashion items are among the most — if not the most — sought after on many e-commerce platforms. While general e-commerce activities between African shoppers and global brands have occurred informally via long-held relationships, several platforms have used tech to centralize these processes across various shopping brackets.
This inspired him to co-found Locad , a logistics provider for omnichannel e-commerce companies that connects its network of third-party warehouses and shipping carriers with a cloud-based platform referred to its “logistics engine.”. 4 ways to use e-commerce data to optimize LTV pre- and post-holiday.
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. The platform now serves 200 API customers, including large banks, financial institutions, tech unicorns and fintechs, and offers more than 4,000 embedded finance products.
Akros Technologies wants to disrupt the current asset management industry via its AI-driven asset management software platform that mines market data for stocks. The latest funding, which brings Akros’s total amount raised to $6.1 million in funding from PeopleFund, a South Korean peer-to-peer lending platform.
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.,
Klikit wants to save Southeast Asian food businesses from “ tablet hell ” by aggregating order information from all apps into one platform. Based in Singapore, the startup just exited stealth mode with $2 million in pre-seed funding. The startup’s new funding was used during stealth mode to hire 30 people in six countries.
The platform announced today it has raised $10 million in Series A funding led by Singaporean venture capital firm Jungle Ventures and Mumbai-based Dream Capital. The new funding will be used to build product suite and on hiring for its product, marketing and engineering teams. This brings MarketWolf’s total raised to $17.4
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.
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.
Pakistan’s embedded finance platform Neem has raised $2.5 million in a seed funding round as it works to support underbanked communities in the country. It offers a lending platform that its partners use to provide tailored lending products to consumers and MSMEs. Pakistan’s Neem raises $2.5M
Moove , an African mobility fintech that provides vehicle financing to drivers of ride-hailing platforms like Uber and other gig networks, has raised $105 million in new Series A2 financing. Here’s how it works: Drivers sign up on the platform and, once verified, are trained and sign contracts with Moove to access loans to buy or rent cars.
But the virtual event space continues to attract investors, at least in Asia. Hong Kong-based events management platform EventX said today it has raised another $8 million for its Series B, lifting the total amount secured for this round to $18 million. As countries ease up on COVID restrictions, activities are going back in person.
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.”.
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.
Wagely , an earned wage access (EWA) platform based in Jakarta and Dhaka, has raised $8.3 million in pre-Series A funding, just seven months after announcing its seed round. Wagely, an Indonesian earned wage access and financial services platform, raises $5.6M.
million seed funding co-led by Makers Fund and Andreessen Horowitz. Other investors include Pioneer Fund, Boost VC, muru-D and Thomas Rice. . 1 on the Oculus charts and produced historical engagement metrics for the platform, according to the company. Upon its release, it spent more than seven weeks at No.
InVideo, a Mumbai-based startup that has built a video creation and editing platform, has raised $15 million as it looks to court more users and customers worldwide. Some of these customers are white-labeling InVideo platform to their own clients. InVideo ’s $15 million Series A financing round was led by Sequoia Capital India.
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.
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.
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.
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.
Rutakangwa also says they are available in other markets like South Asia and Latin America. Its expansion plans and planned product launches are backed by a $4 million seed funding round that was led by Bonfire Ventures and saw participation from Newfund Capital and Alumni Ventures. “We
The Bangalore-based startup’s Series B was led by London-headquartered private equity firm Apis Partners (which invested through its Growth Fund II), with participation from existing investors Y Combinator and Smilegate Investments. India’s Razorpay becomes unicorn after new $100 million funding round.
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