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6,057 donors completed the 2018 Global Trends in Giving Survey and based on their responses, the donor community worldwide is made up of primarily women (65%) who have a liberal ideology (53%) , characterize themselves as religious (72%), and give between ($101-$1,000 USD) annually (43%). 20% say Instagram, and 13% say Twitter.
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.
Second, the popularity of social networking is steady and continues to spread globally, but messaging apps such as WhatsApp, LINE, and Snapchat are emerging as powerful digital communities. of all revenue raised in 2016. Source: 2017 Global NGO Online Technology Report. Source: 2017 Global NGO Online Technology Report.
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. Today it announced it has added $10 million to its war chest in a Series A extension led by Tiger Global, bringing the round’s total to $20 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. The round included Bertelsmann Investments, Shinhan Venture Investment and Mars Growth.
By Elizabeth Ngonzi , Adjunct Faculty at New York University Center for Global Affairs and Former CEO of Afrika Tikkun USA. Select one of four legal paths for raising funds in the U.S. fundraising strategy is determining the types of funders from which it seeks to raise funds. Global Giving. Please follow Ms. GrantWatch.
Today, one of such, MAGIC Fund , a global collective of founders, is announcing that it has raised a second fund of $30 million to continue backing early-stage startups across Africa, Europe, Latin America, North America, and Southeast Asia. Hendra Kwik of Payfazz has such a reputation in Southeast Asia as well.
Today the Hong Kong and Malaysia-headquartered startup announced it has raised $23 million in Series B funding to scale its team and product. million Series A announced 10 months ago, and its new round brings its total raised to more than $35 million since 2020. WATI’s last round of funding was an $8.3
The Seoul-based startup announced today it has raised a $60 million Series B. 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.
V2Food is one of many new contenders in the alternative protein space, founded in Australia but now setting its sights on Europe, Asia and beyond. The €45 million round is a “B Plus,” led by European impact fund Astanor, with participation from Huaxing Growth Capitol Fund, Main Sequence and ABC World Asia.
The Singapore-based fintech, which enables cross-border payments in more than 170 markets, announced today that it has raised $16.9 million in Series A funding led by Sequoia Capital Southeast Asia. Existing investors Foundamental, January Capital, RTP Global and Saison Capital also returned for the round.
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. I am a strong believer in the SaaSification of Asia. You may ask why SaaS for Asia needs to even exist as a category.
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.
Now Thoughtfull , another digital mental health platform focused on Asia, has raised $4 million in a pre-Series A round led by Sheares Healthcare Group. TechCrunch last covered Thoughtfull in October 2021 when it raised its seed round. Thoughtfull marks Sheares’ first investment in mental healthcare in Asia.
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. Moove is targeting seven new markets across Asia, MENA and Europe over the next six months. “As Moove’s total funding is $174.5
On Friday, Tiger Global said it is backing their startup, CreditBook , to help address those challenges. The over reliance on paper to maintain ledger and the always-running low cash flow is a challenge that merchants in many markets in South Asia and Southeast Asia share. Images Credits: CreditBook.
The San Francisco and Hong Kong-headquartered company announced it has raised $37 million in a Series B led by Andreessen Horowitz through its Growth Fund , which serves new companies at an inflection point, along with Alibaba and Craft. . Sandbox VR raises millions more in celebrity party round. Canada and Asia. .
Jakarta-based fintech Akulaku has raised $200 million from Mitsubishi UFJ Financial Group (MUFG), the largest bank in Japan. Earlier this year, Akulaku raised $100 million in funding from Siam Commercial Bank as part of another strategic investment.
Launched in 2010, GoFundMe is the world’s largest free social fundraising platform, with more than $5 billion raised by tens of millions of donors. Charities also receive reports on personal fundraisers raising money on their behalf, both currently and historically, on GoFundMe. 4) Easy-to-install donate button.
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. Sequoia and Surge are the first choice for startups to raise capital from.
Europe and Asia, including Michael Novogratz’s, participated in the round. In total, Alerzo has raised more than $20 million since its launch. “Growing up in Ibadan, I watched my mother operate two informal retail stores to raise my three siblings and me. The company is announcing a $10.5
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. This brings its total raised to $43 million, including the oversubscribed first tranche of its Series B, which was led by Tiger Global and closed in January 2022.
Apna announced on Thursday that it has raised $100 million in a round led by Tiger Global. TechCrunch reported last month that Tiger Global, an existing investor in Apna, was in talks to lead a $100 million financing round in the startup at the unicorn valuation. ” Tiger Global goes super aggressive in India.
The Bangalore-based startup, which focuses on K-12 online education, said on Wednesday it has raised new funds from Tiger Global Management and Dragoneer Investment Group. Today, I’m delighted to welcome Tiger Global and Dragoneer as our partners in the journey. billion in September , when SoftBank led the round.
Japanese commerce enabler AnyMind , which helps brands and influencers’ online operations, has closed a ¥5 billion (approximately $36 million) Series D round on the back of that boost to make additional acquisitions in Japan and globally. The Series D funding, which brings its total funding to date to approximately $91.7
The startup, which runs a platform that connects manufacturers directly with suppliers, announced today it has raised $2.1 million in pre-seed funding from Tiger Global and Zayn Capital. This marks the first time Tiger Global has made a pre-seed investment in a Pakistani startup.
The two-year-old VC fund invests in B2B and API-first fintechs across Africa, Latin America and South Asia at pre-seed and seed stages. while the rest are spread across Africa, Latin America and Southeast Asia, markets where they deployed more than $6 million last year. It expects to achieve a second close by the end of June.
The round, led by the Qatar Investment Authority (QIA), follows last year’s $170 million raise. “Building a global farming network of our climate-resilient vertical farms is a core mission at Infarm, which is why we’re excited to announce this latest funding round,” co-founder and CEO Erez Galonska said in a release. .
Perhaps an exception to this oft-repeated phrase, in my experience, is Entrepreneur First out of London/Europe (but now also in Asia), and even then that entity is slightly closer to a pre-accelerator in the way it assembles talent before it assembles the startups (although it does also fund its startups). Of course, “your mileage may vary.”
Sun King, a provider of off-grid solar energy products in Africa and Asia, has secured a $70 million equity investment led by LeapFrog Investments. Thus, Sun King has closed its Series D round at $330 million and as a result, raised over $550 million in debt and equity since its inception.
Following a record-breaking second quarter, venture capitalists around the world stayed busy in Q3, investing astronomical sums into global startups. In the coming weeks, TechCrunch will explore the global Q3 venture capital market’s results in detail, by business genre (fintech, edtech, etc.) Lots to come, but this is the first look.
Multiplier , a startup that enables companies to hire and pay remote workers while complying with local laws, announced today that it has raised a $60 million Series B at a valuation of $400 million. The round was co-led by Tiger Global and Sequoia Capital India, and brings Multiplier total investment since it was founded in 2020 to $77.2
Appboxo, whose clients include GCash, Paytm and VodaPay, announced today that it has raised $7 million in Series A funding led by RTP Global. The company is now used by 10 super apps across Southeast Asia, India and South Africa, and powers more than 400 mini-app integrations, the majority of which are built by third-party developers.
On the heels of Heroes announcing a $200 million raise earlier today, to double down on buying and scaling third-party Amazon Marketplace sellers, another startup out of London aiming to do the same is announcing some significant funding of its own. North Wall Capital was behind the debt portion of the deal. ”
The latest company to score a significant funding round is Zuoyebang , which announced toda y (link in Chinese) that it has raised a $1.6 Other participants included returning investors Tiger Global Management, SoftBank Vision Fund, Sequoia Capital China and FountainVest Partners. Chinese online learning app Zuoyebang raises $750M.
One of them was Singapore-based Endowus , which raised two rounds in rapid succession: a Series A in June 2021 followed just seven months later by $25.6 This time it’s $35 million with new investors, including Citi Ventures and MUFG Innovation Partners, bringing the company’s total raised so far to $95 million.
Based in Singapore, ZEBOX Asia will also look at markets like Indonesia, Malaysia, Taiwan, Japan and Korea. Additionally, the city state’s strategic location at the crossroads of major shipping lines and air routes connects large parts of Asia to the rest of the world, making it a global logistics hub,” he added.
The recent, and now past, venture capital boom was a global affair. Southeast Asia is a frequently noted example of the phenomenon. Chargel, based in Senegal, recently raised $2.5 After initially defying the global slowdown, African startups’ first quarter venture results fall by Anna Heim originally published on TechCrunch
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. Tiger Global, Hummingbird, RTP Global and Base also participated in the round. Some of these customers are white-labeling InVideo platform to their own clients.
Skit announced today it has closed $23 million Series B round to accelerate its growth in domestic and global markets including the US and South East Asia and enhance its voice automation platform. We want to double down and scale operations in both Indian and global markets. It currently has 150 employees.
A Manila-headquartered startup called CloudEats , which operates cloud kitchens across the Philippines and Vietnam, just raised a $7 million Series A extension led by Nordstar to accelerate the digitization of food service in Southeast Asia. . The cloud kitchen market in Asia is projected to grow at 14.2% billion in 2021.
StudyFree — which connects students with international educational opportunities via a community-driven B2C SaaS model — has raised a $3 million seed investment round led by I2BF Global Ventures, TMT Investments and Techstars. Canada, Europe and Asia. StudyFree has now received a total of $3.6 million in funding.
As someone who covers Southeast Asia startups and funding stories, the best word I can think of to describe 2021 is “whoa!” This was the year that global investors not only started to pay close attention to the region’s tech ecosystems, but also began putting real money into them. A close look at Singapore’s thriving startup ecosystem.
The latest round brings its total funding raised to $41.4 The global market of conversational commerce, also known as chat commerce or conversational marketing, is expected to increase to $290 billion by 2025, up from $41 billion in 2021, representing a 590% rise for the next four years, according to a report by Juniper Research.
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