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Speedoc , a health techplatform 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.
HR techplatform 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.
Workmate , a Singapore-based on-demand staffing platform, has been acquired by Persol Asia Pacific , one of the region’s largest HR service providers. Workmate focuses on frontline and essential workers, and the acquisition will allow it to expand its HR solutions throughout the Asia Pacific. Workmate’s Thailand team.
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.
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. The Seoul-based startup announced today it has raised a $60 million Series B.
Omni wants to be the human resources platform to rule them all—or at least all HR-related tasks. Ip told TechCrunch that he had previously worked in software investment at Goldman Sachs Growth Fund and looked at many HR tech deals, which is how he and Chan first learned about the industry. He added that Rippling and other top U.S.
The round was led by Asia Partners, with participation from Novo Holdings, Philips and OSK-SBI Partners. As part of the round, Asia Partners co-founder Oliver Rippel and Novo Holdings Equity Asia senior partner Dr. Amit Kakar will join Doctor Anywhere’s board of directors. million USD) in Series C funding.
Glints , the Singapore-based career platform, announced today it has raised $22.5 Glints co-founder and chief executive officer Oswald Yeo said this is the largest funding round to date for a talent platform in Southeast Asia, and brings the startup’s total raised to $33 million.
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.
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.
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 I think what we have seen is that there has been a lot of capital being pumped into the tech industry over the past two to three years in a major bull run. among those affected.
However , there’s little noise about the corridors between Africa and other regions like Latin America or Asia. Wapi Pay , a Kenyan startup with offices in China and Singapore, is carrying out this play and has carved a market for itself by facilitating payments between both extreme remittance worlds of Africa and Asia.
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.
Shippit , a Sydney, Australia-based e-commerce logistics platform, will expand in Southeast Asia after closing a $30 million AUD (about $22.2 E-commerce in the Asia-Pacific was already growing quickly before the pandemic hit, with Forrester forecasting online retail sales in the region to grow from $1.5 trillion in 2019 to $2.5
Some of Goama’s clients have used it for promotional campaigns, while others rely on the platform, which introduces new games every week, to add a full-fledged gaming function to their app. The startup, which recently took part in SOSV’s accelerator program, presented last week during CES at the Taiwan Tech Arena pavilion.
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.
Hong Kong-based viAct helps construction sites perform around-the-clock monitoring with an AI-based cloud platform that combines computer vision, edge devices and a mobile app. Founded in 2016, viAct currently serves more than 30 construction industry clients in Asia and Europe. Construction tech startups are poised to shake up a $1.3-trillion-dollar
The company wants to focus on the Indonesian market, one of the largest markets in Southeast Asia, for the next 12 months, then expand to other Southeast Asian countries, such as Malaysia, Vietnam, Thailand and the Philippines, Bang told TechCrunch. The startup looks to challenge e-commerce players like Shopify in Southeast Asia. “I
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.
million USD) Series A led by East Ventures for product development and to expand in Southeast Asia. Smarter Health’s platform isn’t meant to replace legacy software already in use by its clients. Smarter Health’s platform isn’t meant to replace legacy software already in use by its clients. million SGD (about $3.8
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.”. That is what Locad’s tech enables.
Participants also include “four of Asia’s wealthiest families,” the startup said in its press release, whose operating businesses encompass banking and real estate across Southeast Asia and China. Endowus manages more than SGD $1 billion of pension assets on its platform.
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. The company also plans to develop a techplatform to allow third-parties to use its proprietary scoring models in their own native infrastructure.
Two years ago, the African tech ecosystem saw newfound attention from global players that translated to the continent’s best year of receiving venture capital. From varying sources, it is estimated up to $2 billion went into African tech startups in 2019. AfricArena, a tech ecosystem accelerator, pegged deals to close between $2.25
WritePath make the process faster and scalable by combining its AI tech with human translators. 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. Fund managers can leverage ESG-related data to generate insights.
Earned wage access (EWA) platforms that allow workers to withdraw their earnings on demand instead of waiting until payday are proliferating around the world. million in strategic funding, led by Integra Partners (formerly known as Dymon Asia Ventures). Wagely founders (from l to r): Tobias Fischer, Sasanadi Ruka and Kevin Hausburg.
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 startup is among a number of investment apps based in Southeast Asia that have raised funding –and are continuing to raise).
The platform is built on a trust network model where it deploys thousands of nano influencers and followers who have a natural affinity to a brand and exhibit a high emotional connection with the target audience. These markets include the rest of Africa, the Middle East and Asia. “We are at the cusp of a revolution. .
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. Pakistan’s Neem raises $2.5M
The company develops blockchain platforms that can work with financial institutions’ existing infrastructure, and its core technology is also used in GreenSTACS for environmental, social and governance (ESG) investments. Its core solution is a technology stack that is built around STACS blockchain.
Today, one of the big players in providing that tech is announcing a large round of funding to expand its business, underscoring the growth in this market. ” story, it’s one of the many tech companies with its U.S. Mambu’s platform, according to Danilkis, covers some 7,000 different banking products at the moment.
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! The digital asset space is still trucking along, while there were some big headlines, the week was arguably a little less chaotic (for now).
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. Social commerce.
million in pre-Series A funding to scale up its online coding school platform. CoderSchool will use the funding to accelerate its online teaching platform growth and technology infrastructure expansion for the company’s technical education programs that guarantee employment upon graduation.
Aldagram , a startup out of Japan developing project management software for construction companies, has picked up a new strategic backer to help it build out its footprint across Asia and the Middle East. As with that earlier Series A, Aldagram is not disclosing details of its valuation. It currently employs 60 people.
The tech boom in Southeast Asia isn’t just seeding a wave of new entrepreneurs building the next generation of unicorns, it’s also ushering young talent into the roles of first-time managers. NewCampus is an online, live learning platform that hopes to train rising managers within hyper-growth organizations.
Some of its customers include financial services startup Cred, online grocer BigBasket, food delivery platform Zomato, insurers HDFC Ergo and Acko and travel ticketing service provider Ixigo. The startup works with several banks and also offers integrations with platforms such as Shopify, PayPal and Amazon Pay.
alone — continues to attract entrepreneurs like Roy Danon, who co-founded construction tech startup Buildots in 2018 with Aviv Leibovici and Yakir Sudry. Tech with participation from TLV Partners, Lightspeed Venture Partners, Future Energy Ventures, and Maor Investments. The enormous addressable market — $1.3
GrowSari , a Manila-based platform for digitizing small businesses in the Philippines, announced today it has added $77.5 KKR invests $45M into GrowSari, a B2B platform for Filipino MSMEs. Predicting the next wave of Southeast Asiatech giants. million to its Series C round.
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.
The company’s autonomous-vehicle infrastructure platform called Level 5 Control Tower (or LV5 CTRL TWR) along with its branded Sensr software, collects information from sensors like cameras and lidar (light detection and ranging radar) as well as other data stored in the cloud and then sends that to vehicles. .
MarqVision has built an AI-powered intellectual property (IP) protection platform that monitors both e-commerce marketplaces and digital content, automatically detecting counterfeits and removing them from online sales and distribution. And now, the startup has raised $20 million in Series A funding to continue expanding its platform.
The Series A round, led by Cathay Innovation with participation from Franklin Templeton, will be used to grow Coherent’s client base in Asia, including insurers who want to add more digital services to their usual sales processes because of the pandemic. Coherent will focus on China and emerging markets in Asia.
Africa Health Holdings , a healthcare startup running several hospitals, has secured $18 million in a Series A round, funds that will go toward building its “tech-forward healthcare system” across Ghana, Kenya and Nigeria. Valiant Capital, Kepple Ventures and SUNU Capital.
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