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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 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.
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. I am a strong believer in the SaaSification of Asia.
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.
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.
Southeast Asia’s car marketplace wars are going into high drive. Today Carsome Group , one of the region’s largest online used car marketplaces, said it plans to acquire listings platform iCar Asia in a transaction worth more than $200 million. of iCar Asia from Malaysia internet conglomerate Catcha Group.
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.
Jenfi , a “growth-capital-as-a-service” platform, can provide online businesses with revenue-based financing in a little as a day. The Singapore-based startup announced today it has raised $6.6 million in pre-Series B funding, led by Headline Asia. In a statement, Headline Asia partner Aki Okamoto and principal Jonathan M.
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. The Singapore-based fintech, which enables cross-border payments in more than 170 markets, announced today that it has raised $16.9
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 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.
Mambu , a Berlin-based startup that describes itself as an SaaS banking platform — providing, by way of APIs, technology to banks and others to power lending, deposit and other banking products — has closed a round of €110 million (about $135 million at today’s rates). offices established in Miami.).
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. The platform also sells loans, credit cards and mutual funds.
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.
Pakistan’s embedded finance platform Neem has raised $2.5 It offers a lending platform that its partners use to provide tailored lending products to consumers and MSMEs. It offers a lending platform that its partners use to provide tailored lending products to consumers and MSMEs.
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.
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. Multiplier raised a Series A of $13.2 Multiplier raised a Series A of $13.2 The funds will be used to add more features.
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. This number isn’t exclusively from ride-hailing platforms. Image Credits: Moove. So we’re still a young business.
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.
The latest round brings its total funding raised to $41.4 Zeals is in talks again with a number of clients to re-enter overseas in Asia and the U.S., Business messaging platform Gupshup raises $240 million from Tiger Global, Fidelity and others. million (3.5 billion yen) in equity and $11.6 million (1.5 Shimizu added.
Wagely , an earned wage access (EWA) platform based in Jakarta and Dhaka, has raised $8.3 Wagely, an Indonesian earned wage access and financial services platform, raises $5.6M. Earned wage access platforms allow workers to access wages they have already earned on demand, instead of waiting until payday.
Europe and Asia, including Michael Novogratz’s, participated in the round. In total, Alerzo has raised more than $20 million since its launch. Adewale Opaleye founded Alerzo in 2018 as a last-mile distribution platform that helps retailers stock inventory directly from manufacturers. The company is announcing a $10.5
Chinese-backed and Africa-focused fintech platform OPay is in talks to raise up to $400 million, The Information reported today. The $170 million raised so far came from mainly Chinese investors who have collectively begun to bet big on African startups over the past few years.
ShopBack , the Rakuten-backed e-commerce loyalty platform, announced today it will acquire buy now, pay later startup Hoolah. The merger means new features will be added to ShopBack’s platform, evolving it from a loyalty app for e-commerce purchases to enabling transactions with BNPL options.
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.
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. Founded in 2016, its target is to serve 50 million users by 2025.
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.
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.
Intellect , the Singapore-based mental health startup focused primarily on Asia-Pacific markets, announced today it has raised a $10 million Series A. The round, which Intellect claims is the largest Series A ever raised by a mental health startup in Asia, was led by HOF Capital. ThoughtFull gets $1.1M
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.”. TechCrunch last covered Locad when it raised its $4.5 million seed round in 2021.
Founded in 2016 in Singapore, AnyMind expanded into Southeast Asia, East Asia, India and the Middle East through aggressive acquisitions. Its manufacturing platform AnyFactory , connected to more than 200 manufacturers across Asia, helps anyone find the best suppliers to make their products.
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.
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. This brings MarketWolf’s total raised to $17.4 Is consolidation on the horizon for Southeast Asia’s tech industry?
Apkudo , a Baltimore-based startup developing a platform to help manage, sell and test connected devices like smartphones and laptops, today announced that it raised $37.5 Sources tell TechCrunch that the round, which brings Apkudo’s total raised to $75 million, values the company at around $300 million post-money.
His work evolved into environmental intelligence platform Komunidad , which collects data from government and private sources, and turns it into customizable analytics to help clients react quickly to potential disasters. Its new investment will be used to build a scalable platform. Weather platform ClimaCell is now Tomorrow.io
The startup’s platform lets developers turn their apps into super apps, either by building their own mini-apps or accessing them through Appboxo Showroom, a marketplace for third-party developers. Appboxo, whose clients include GCash, Paytm and VodaPay, announced today that it has raised $7 million in Series A funding led by RTP Global.
and Europe comb through their data and derive better insights from it, has raised $12 million in a new financing round following a strong year of growth, it said Thursday. billion funds earlier this year for India and Southeast Asia , has invested $19.3 Sigmoid , a startup helping firms in the U.S.,
Jio Platforms, the biggest telecom operator in India and which has raised over $20 billion from Facebook, Google and other high-profile investors this year, is leading a financing round of a San Francisco-based startup that develops augmented reality mobile games. billion in India’s Reliance Jio Platforms.
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. alone making more than $1 million each in sales on Amazon’s platform.
Last year, in the span of one week, three companies alone in the data observability space — Cribl , Monte Carlo and Coralogix — raised more than $400 million. Today the company announced that it raised €12 million (~$12.7 “Its platform sits above the data stack, providing a 360-degree oversight of the data assets.”
Akros Technologies wants to disrupt the current asset management industry via its AI-driven asset management software platform that mines market data for stocks. Akros just raised $2.3 The latest funding, which brings Akros’s total amount raised to $6.1 In March, Akros raised $3.75
Subscribe to Chain Reaction on Apple Podcasts, Spotify or your favorite pod platform to keep up with the latest episodes, and please leave us a review if you like what you hear! Follow the money BitGo raised $100 million in its Series C round at $1.75 Follow the money BitGo raised $100 million in its Series C round at $1.75
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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