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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 Spiral Ventures Asia Fund I and Beyond Next Ventures. This brings the startup’s total raised so far to $4.5 million USD) in Series A funding.
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.
BluePallet , an online marketplace connecting manufacturers with the chemical industry, announced today that it has raised $5 million in a funding round led by Vinmar Ventures, a subsidiary of petrochemical distributor Vinmar International. . I should know, I covered the petrochemical industry in the late 1990s).
One of the largest solar companies in Africa and Asia, Sun King , has raised $260 million in series D funding to deliver off-grid energy technologies to more people across the two continents. This investment in Sun King marks an incredible inflection point for the global off-grid solar industry,” said Walsh.
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.
According to the World Bank, more than one billion people in South and East Asia lack access to a bank account. The startup, which launched its app in Vietnam last year, announced today it has raised $1 million, led by the Estonian Business Angels Network (EstBAN). Jeff currently claims more than 300,000 users in Vietnam.
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.
The firm’s comprehensive “Southeast Asia Exit Landscape Report 2.0,” is a followup to a previous report published in 2019. While tech fared well compare to many other industries, one downside was that the COVID-19 pandemic caused overall global venture capital investment to decline. It’s a definite increase,” said Lints.
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.
Profet AI , a Taiwanese startup that makes auto machine learning software for manufacturers, announced today it has raised $5.6 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. million in Series A funding. Smartex sews up $24.7M
Just half a year after leading SODA’s Series B , SoftBank Ventures Asia is raising its bet on the Tokyo-based sneaker resell platform. Other investors include South Korean sneaker reselling platform KREAM (another SoftBank Ventures Asia portfolio company), Altos Ventures and JAFCO. The StockX EC-1.
DigiTimes Asia (via NotebookCheck) writes that the Covid-19 lockdowns in China and Russia's invasion of Ukraine have led to increased manufacturing costs, supply chain issues, and logistical problems for laptop makers. As such, they are "mulling raising their prices to reflect rising logistics and other costs in the second half.
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.
SiCepat , an end-to-end logistics startup in Indonesia, announced today it has raised a $170 million Series B funding round. The logistics industry in Indonesia is highly fragmented , which means higher costs for businesses. Other notable startups in the space include Kargo, founded by a former Uber Asia executive, and Waresix.
The startup announced today it has raised a $2 million seed round, co-led by SOSV and Vectr Ventures. Founded in 2016, viAct currently serves more than 30 construction industry clients in Asia and Europe. trillion-dollar industry. Construction tech startups are poised to shake up a $1.3-trillion-dollar
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. Proceeds aid musicians and music industry workers who are struggling with illness, disease, and age-related problems. 12) Heal the Bay :: shop.healthebay.org.
ZEBOX , an international accelerator network founded by shipping conglomerate CMA CGM to introduce more tech innovation into the supply chain industry, announced today the launch of its APAC headquarters. Based in Singapore, ZEBOX Asia will also look at markets like Indonesia, Malaysia, Taiwan, Japan and Korea.
In May of last year, Covariant announced that it had raised a $40 million Series B. Companies across multiple industries had already been looking to realize significant gains with AI robotics and with COVID-19, market demands then increased by an order of magnitude,” president, chief scientist and co-founder Pieter Abbeel tells TechCrunch.
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.
TVision is building what its team hopes will become the standard for measuring streaming viewership — and to accelerate those efforts, it’s raised $16 million in new funding. “There’s no good currency, per se, in the industry.” “There’s no good currency, per se, in the industry.”
This trend has been circling around the restaurant industry. 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. . billion in 2021.
The raise comes after Pula closed $1 million in seed investment from Rocher Participations with support from Accion Venture Lab, Omidyar Network and several angel investors in 2018. . Likewise, the Kenyan startup hopes to propel its expansion for smallholder farmers in Asia and Latin America.
Dat Bike , a Vietnamese startup with ambitions to become the top electric motorbike company in Southeast Asia, has raised $2.6 Trade within Southeast Asia is tariff-free though, which means that we have a competitive advantage to expand to the region, compare to foreign imported bikes.”.
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 The latest financing brings Zuoyebang’s total raised so far to $2.93 The company did not disclose its latest worth, but Reuters reported in September that it was raising at a $10 billion valuation.
Novoloop , a plastic upcycling startup, said Wednesday it has raised a $10 million Series A extension round co-led by South Korean chemical firm Hanwha Solutions and Taizo Son’s Mistletoe. This follows a first raise of $11 million in February and brings the Series A to $21 million and its total funding to $24 million.
Easy Eat AI , a Singapore-based startup that wants to “transform restaurants into technology companies,” announced today it has raised $5 million in funding. In a statement about the funding, Keshav Reddy, managing partner of Reddy Futures Family Office, said, “The team is customer obsessed and understands the pain problems of the industry.
“I can’t believe that gaming and pornography are the two big industries for this technology,” he said. “I The company raised money in August to expand to Asia. It’s an ambitious goal, and one worth raising financing to achieve. Rajakumar hopes to sign 10 to 15 similar contracts in the next year.
Pakistan’s embedded finance platform Neem has raised $2.5 Citing industry figures, Shaikh said about 53 million people in Pakistan are currently underbanked. Pakistan’s Neem raises $2.5M million in a seed funding round as it works to support underbanked communities in the country.
Cashfree, an Indian startup that offers a wide-range of payments services to businesses, has raised $35.3 The new round brings the startup’s to-date raise to $42 million. Setu raises $15M to help developers connect with banks to offer Indians ‘sachet-sized’ financial products.
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. Skit recently expanded into the US and South East Asia market. “We Skit has been listed in Forbes 30 Under 30 Asia start-ups 2021.
With COVID-19 disrupting the entire manufacturing supply chain including semiconductor shortages, companies across multiple industries have been struggling to seek a procurement solution that can rebalance the gap between supply and demand. The new funding brings CADDi’s total raised so far to $90.5
VerSe Innovation, the parent firm of popular news aggregator Dailyhunt and short video app Josh, said on Thursday it has raised over $450 million in a new financing round, just five months after securing $200 million , as the Indian startup looks to expand its offerings to international markets.
It has also since completed “multiple” acquisitions of local brands operating across a variety of industries, such as beauty, fitness and home goods. The company declined to break down how much equity it raised in its seed round, but including debt, Valoreo has secured $80 million since inception.
Li said the company already has a two-year runway, but wants to raise a $1.5 Its virtual dressing room product is now live on many fashion e-commerce platforms, including Zalora-Global Fashion Group, one of the largest fashion companies in Southeast Asia, Li said. the e-commerce fashion industry made up 29.5% landing page.
Jumbotail, an online wholesale marketplace for grocery and food items, said on Friday it has raised an additional $14.2 It ended up raising about $44 million in the Series B round (including Friday’s tranche), and to date has amassed about $54 million in equity investment, the startup told the publication.
Growfin , a Singapore- and San Francisco–based fintech startup that provides SaaS for finance departments to track and collect payments and to help manage the accounts receivable process, has raised a $7.5 and Asia, and to double down on building more AI-based technology to expand its platform. million Series A.
As the Israel-based startup announced today, it has now raised a $2.8 million seed funding round led by crowdfunding platform OurCrowd ‘s incubator Labs/02 and India’s Reliance Industries, in addition to the Israeli Innovation Authority and a number of private investors. Image Credits: MagniLearn.
The AI industry hit a significant bend in the road toward artificial general intelligence in 2024. And all the while a small AI lab in China was quietly developing new AI models, including reasoning models, that would begin sending shockwaves through the AI industry by the end of 2024. The rest of the industry has followed its lead.
The company has raised $216 million, or €178 million — it has reached a valuation above $1 billion, making it a unicorn. And it’s a complicated industry as you don’t want to buy a damaged item or a cheap knockoff. and Asia. “As Vestiaire Collective announced a new funding round. Kering now owns 5% of Vestiaire Collective.
Dresden, Germany-based Wandelbots has raised a healthy sum in the years since it appeared on our Disrupt Berlin stage, way back in 2017. The following year, the no-code robotic software firm raised $6.8 Our platform will help to accelerate human-centered robotics solutions in the industry.”.
Travel tech company Hopper has raised a $175 million Series G , the company said today. That’s nearly the same amount it raised in a Series F round that closed earlier this year. These are indeed new funds, however, bringing its total raised to date to nearly $600 million, with the company now valued at over $3.5
Policybazaar has raised $75 million as the Indian online insurance platform looks to expand its presence in UAE and Middle East. Sarbvir Singh, chief executive of Policybazaar, told TechCrunch that the startup had raised $75 million, but didn’t elaborate. “India has an under-penetrated insurance market.
Cylus will use the current funding to fuel its growth globally in North America, Europe, and the Asia Pacific. The railways are such an essential part of our critical infrastructure, and really, of our everyday lives, that it is crucial that this industry gets the level of cyber protection it demands and needs,” Levintal said. .
Existing backer Bain Capital led the extension, with participation from previous investors such as Access Ventures, CLSA Capital Partners Lending Ark Asia, D3 Jubilee Partners, 500 Global, Kakao Investment, TBT Partners and IBX Partners. The additional funding brings PeopleFund’s total raised to around $100 million in equity.
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