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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.
With Grab’s announcement of its imminent Nasdaq listing and GoJek merging with Tokopedia to form tech giant GoTo , casual international observers could be forgiven for believing that Southeast Asia’stech universe only comprises similar companies. Southeast Asia is hitting a sweet spot.
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.
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.
Doctor Anywhere , a startup that takes an “omnichannel” approach to healthcare, announced today it has raised $88 million SGD (about $65.7 The round was led by Asia Partners, with participation from Novo Holdings, Philips and OSK-SBI Partners. million USD) in Series C funding.
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.
The firm’s comprehensive “Southeast Asia Exit Landscape Report 2.0,” is a followup to a previous report published in 2019. Despite the pandemic’s economic impact, tech proved to be resilient globally (for example, there were a number of initial public offers in the United States at record prices).
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.
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.
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.
Singapore-based TreeDots , which says it is the first food surplus marketplace in Asia, wants to help. TreeDots announced today that it has raised an $11 million Series A led by Amasia and East Ventures, with participation from investors including Active Fund, Seeds Capital, author Nir Eyal and actress Fiona Xie.
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. African startups nearly raised $1.5 African startups nearly raised $1.5
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.
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.
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
Seoul’s startup ecosystem is set to take on the tech world. According to a recent article by the Financial Times: “SK Corp … announced that it aimed to raise Won 959.3bn ($780m) by floating subsidiary SK Biopharmaceuticals on the country’s bourse next month. It will be… This story continues at The Next Web.
The company announced today it has raised a $5.15 million USD) Series A led by East Ventures for product development and to expand in Southeast Asia. The new round brings Smarter Health’s total raised to $8 million SGD. million SGD (about $3.8 Other investors included Orbit Malaysia, Citrine Capital, HMI Group and Emtek.
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.
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
Founded in Singapore and Manila by Robertz, fellow Zalora alumni Jannis Dargel and former Grab lead product manager of maps Shrey Jain, Locad announced today it has raised $11 million in Series A funding led by Reefknot Investments , a joint venture between Temasek and logistics company Kuehne + Nagel. That is what Locad’s tech enables.
Rainforest announced in May that it had raised $6.55 The company says its latest raise means it now has more than $50 million to spend on acquiring e-commerce brands. Founded by former Carousell and Fave execs, Rainforest gets $36M to consolidate Asia-Pacific Amazon Marketplace brands. Co-founder and chief executive officer J.J.
But not all developers have these tech giants’ resources. Appboxo, whose clients include GCash, Paytm and VodaPay, announced today that it has raised $7 million in Series A funding led by RTP Global. Predicting the next wave of Southeast Asiatech giants. Based in Singapore, Appboxo wants to level the playing field.
WritePath make the process faster and scalable by combining its AI tech with human translators. WritePath announced that it has raised $340,000 in pre-Series A funding, led by Quantum International Corp. The company’s platform combines tech like Warren, its in-house machine translation engine, with human translators.
Mikal is an early-stage investor at Wavemaker Partners investing in startups across North America, MENA and Asia and author of the newsletter Emergent , analyzing one fast-growing startup in an emerging market every week. In 2021, Pakistani startups are on track to raise more money than the previous five years combined. Mikal Khoso.
Increased access to online and mobile giving technology in Africa, Asia, and South America will likely grow these numbers significantly in coming years. Launched in 2012, #GivingTuesday has tremendous opportunity to grow into a global day of giving that could raise hundreds of millions of dollars for organizations.
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 Asia Pacific, Latin America, Africa, and the Middle East mobile payment systems through messaging apps are on the rise and worldwide digital wallets are gaining users. of all revenue raised in 2016. 21% of peer-to-peer fundraising dollars raised are the result of a direct click-through on social media.
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 startup, whose clients include Danone, Kellogg’s, Cargill and Dole, announced today it has raised an oversubscribed $4.4 The round also included participation from returning backers food tech venture firm AgFunder and Decacorn Capital, and new investor Anthill Ventures. It brings Ai Palette’s total raised to $5.5
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.
The Singapore-based startup announced today it has raised $6.6 million in pre-Series B funding, led by Headline Asia. The new funding will be used to grow its customer base in Singapore, Vietnam and Indonesia, and expand into new markets in Southeast Asia, like Malaysia, the Philippines and Thailand.
Thanks to Microsoft Citizenship Asia Pacific , I’ve had the great honor to present a series of online fundraising and social media trainings to over three hundred non-governmental organizations (NGOs) throughout Asia Pacific over the last three years. Of course, being based in the U.S.,
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.
Follow the money BitGo raised $100 million in its Series C round at $1.75 billion valuation Chain-agnostic platform ZetaChain raised $27 million to improve cross-chain interoperability Web3 virtual world platform ZTX raised $13 million in round led by Jump Crypto Decentralized stock trading platform Dinari raised $7.5
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. Users go to a web browser, where the startup’s own tech stack allows them to upload a video, make edits and then process it, Shah said.
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. To date, ONEHOPE Wine has raised nearly $7 million for nonprofits worldwide. 4) Art Institute of Chicago Museum Shop :: shop.artic.edu.
Months after bagging $116 million in an extension of its Series F round, database vendor SingleStore this week announced that it raised an additional $30 million from investors including Prosperity7, the venture arm of Saudi Aramco.
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.
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.
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. Another company, Procore, went public in 2021 after raising $75 million at a $3 billion valuation in 2018.
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 targets companies that have a presence of between 500 to 1,000 people in the Southeast Asia region. Image Credits: NewCampus.
In May of last year, Covariant announced that it had raised a $40 million Series B. “Universal” is really the key word for the Covariant Brain, and the company has already proven how versatile its tech can be in the two years since it came out of stealth. ” Industrial AI startup Covariant raises a $40M Series B.
” Born and raised in the United States, Sinha moved to Bangladesh in 2015 to start working on Praava. Today the company is announcing a Series A Prime round that brings its total raised to $10.6 Maya, a startup focused on accessible healthcare in Asia, raises $2.2 million seed for regional expansion.
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