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Last month, the Japan earthquake and tsunami occurred on March 11th 2011, the first day of the conference. SXSWcares , co-branded as SXSW4Japan, was a campaign that rallied the SXSW community to raise awareness and harness support for disaster relief. In the end, it raised over $120,000 from 1500+ donors.
Swing , a South Korean electric scooter and micromobility startup, announced today it has raised $24 million in a Series B round to spur its growth and expansion to Japan. . With the fresh capital, Swing has raised a total of approximately $33 million (40 billion KRW) since its inception in 2019. . Expansion to Japan.
And that is giving a big bump to education startups, which are raising money to capitalise on the growth opportunity. It’s not clear if the round has closed, and whether the full amount was raised (or indeed, more). India’s online learning platform Unacademy raises $150 million at $1.45 billion valuation.
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. AnyMind offers a number of services for brands and online business operators. ”
The company is one of the largest VC–backed startups in Southeast Asia, having raised over $60M in funding. The final piece of my four-part guide to expanding a business into Asia is tailored more towards local startups and a big issue that affects many of them: raising funding from investors. Sequoia , Accel , NEA , etc.).
Zeals , a Tokyo-based startup that lets businesses communicate with their customers via its chat application, said Thursday it has secured $27.2 The latest round brings its total funding raised to $41.4 The coronavirus pandemic has fueled messaging apps to be the medium for personal, business or commerce to interact with each other.
These preferences, though, raise questions about what support seniors want and need in their current homes. Japan has advanced the use of robotics specifically for this purpose, with mixed results. The practice of aging in place aligns with preferences for familiar places and routines and preserves our sense of independence.
Tractable , which works with automotive insurance companies to let users take and submit photos of damaged cars that are then “read” to make appraisals, has raised $60 million, a Series D that values Tractable at $1 billion, the company said. will overtake Japan as Tractable’s biggest market soon.
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.
Japanese startup ispace has raised $46 million in a fresh round of Series C funding as it looks to complete three lunar lander missions in three years. It will deliver a 22-pound rover for Saudi Arabia’s Mohammed bin Rashid Space Center, a lunar robot for the Japan Aerospace Exploration Agency and payload from three Canadian companies.
Its been gradual, but generative AI models and the apps they power have begun to measurably deliver returns for businesses. It allows employees of all technical backgrounds to quickly generate personalized, accurate answersand even create their own no-code tools to make the agents work better for the specifics of their jobs and businesses.
” The demand gave Weng a business idea. LemonBox tries to differentiate itself from other import businesses on two levels — affordability and personalization. I wanted to customize user prescriptions using big data,” explained Weng, who studied artificial intelligence in business school. Returnees adapt.
Railsbank , the London-headquartered Banking-as-a-Service platform, has raised $37 million in new growth funding. and expand its product in APAC, including the Philippines, Indonesia, Malaysia, Australia and Japan. Railsbank raises $10M Series A for its open banking and compliance platform.
Airwallex , the fintech company for cross-border businesses, announced today it has added $100 million more to its Series D round, bumping its valuation up to $2.6 This latest extension brings Airwallex’s Series D round to $300 million, and total equity raised so far to $500 million.
In one of the latest developments, Bisu — a Tokyo-headquartered healthcare startup that has built a lab-grade testing device that can be used at home for diagnostics that translate into actionable health data — has raised $3.2 The seed funding brings its total raised to $4.3 and European Union.
CADDi, a Tokyo-based B2B ordering and supply platform in the manufacturing and procurement industry, helps both procurement (demand side) and manufacturing facilities (supply side) by aggregating and rebalancing supply and demand via its automated calculation system for manufacturing costs and databases of fabrication facilities across Japan.
Akros just raised $2.3 million from Z Venture Capital , the corporate venture capital wholly owned by Z Holdings , which also owns the Japanese messaging app Line and internet portal Yahoo Japan. The latest funding, which brings Akros’s total amount raised to $6.1 In March, Akros raised $3.75
Bear has seen some success in deployment of late, including a bid to get its system in more restaurants in Japan. Japan has long eyed robots as a way to keep business moving for its aging population, and the pandemic only served to accelerate those needs.
The South Korea and Japan-based startup automates front and backend processes including accommodation reservation, room management and front desk duties, and it will be using the funds to continue expanding its business. It entered Japan in 2017, for example, by acquiring several Japanese hospitality management companies.
The company has raised a total of $16 million since its 2018 inception. . In Japan, where the real estate market is fragmented, homeowners have faced uncertain selling prices riddled with brokerage fees and an average selling period of between four and eight months, Ito said. Japan Finance Corporation led the debt financing.
businesses per week and now has some 200 brands in its portfolio. As a marker of where it was prior to this round, in April of this year, when it raised $100 million , Thrasio was valued at $3.7 The company, founded in 2018, has now raised $3.4 It said that it’s currently on a rate of buying 1.5
Farmers and food businesses, like restaurants, deal with the same issue: a fragmented supply chain. Secai Marche wants to streamline agricultural logistics, making fulfillment more cost-efficient and enabling food businesses to bundle products from different farmers into the same order. billion JPY (about $8.5 billion) in 2030.
And this approach is not just for “privacy freaks” Businesses that need search but don’t need Google’s dominant market position are increasingly attracted by this model. The result of the investment is that Xayn will now also focus on the Asian market, starting with Japan, as well as Europe.
Entrepreneurs with businesses in Asia know that fundraising here can be a daunting task. The ways of doing business across the Pacific are very different than in Silicon Valley, and the quality and breadth of VCs out here vary widely across different countries. The players in Japan have had their ups and downs. Power players.
Ringle created a niche for itself by focusing on adults first, with courses like business English and interview preparation. The South Korea-based startup announced today it has raised an $18 million Series A led by returning investor Must Asset Management, at a valuation of $90 million.
It’s also worth noting that according to GivePanel , fundraisers who are thanked throughout the process raise 35% more than those who are not, and with a concerted effort, you’ll likely be able to capture their contact information as well. 6) If eligible, experiment with Fan Subscriptions to gain monthly donors.
Tokyo-based SODA , which runs sneaker reselling platform SNKRDUNK , has raised a $22 million Series B led by SoftBank Ventures Asia. Most of SNKRDUNK’s transactions are within Japan now, but it plans to become a cross-border marketplace. StockX raises $275M Series E, valuing the retailer at $2.8B.
Global investors are running from Chinese tech stocks in the wake of the government’s crackdown on Ant Group and Alibaba, two high-flying businesses founded by Ma Yun (Jack Ma) that were once hailed as paragons of China’s new tech elite. Shares of Alibaba are off around 30% from their recent record highs set in late October.
Oasys, a Japan- and Singapore-based startup that’s building a blockchain for gaming developers, has just raised $20 million. It will also be spending the money on marketing, business development and hiring. The company has roughly 20 staff across Singapore, Japan, South Korea and the U.S.
When travel platform KKday raised the first part of its Series C in September 2020 , the travel landscape was very different. We plan to use the new funding to double down on expanding our footprint in key markets, including Taiwan, Japan, Hong Kong, Korea and Asia,” founder and CEO Ming Chen told TechCrunch. “In
Japanese shared micromobility startup Luup has raised $30 million (4.5 In an interview with TechCrunch, Luup CEO Daiki Okai said the startup’s ambitious plan is to expand its e-scooter and e-bike business across Japanese cities and tourist destinations. billion yen) in a Series D financing round, which consists of 3.8
A little over 13 years ago, Shai Agassi, a promising software executive who was in line to succeed the chief executive at SAP, then one of the world’s mightiest software companies, left the company he’d devoted the bulk of his professional career to and started a business called Better Place. The company’s pitch?
Peeba says the lack of B2B-focused online wholesale solutions and tech infrastructure hampered Asia’s antiquated B2B retail, wholesale market in business growth and new market entries during the pandemic. The new round of funding brings its total raised to $5.8 Wholesale marketplace Abound raises $22.9M.
Co-founder and chief executive officer TK Chen told TechCrunch that FunNow originally planned to start raising its Series B in 2020, before COVID hit. Despite dealing with the pandemic’s impact in all of its markets, including Hong Kong and Malaysia, the company began to see business improve during the second quarter of this year.
Shared micromobility company Luup has raised $8 million (1 billion yen) in debt and asset financing to meet the growing demands of Japan’s micromobility market, which according to a recent report , is projected to reach $11.6 Securing those spaces represents a unique kind of land grab for micromobility companies in Japan.
This February, Africa and emerging market-focused Nestcoin raised a pre-seed round to build, operate and invest in its web3 applications, including crypto content platform Breach Club and gaming guild Metaverse Magna (MVM). Nestcoin raises $6.45M pre-seed to accelerate crypto and web3 adoption in Africa and frontier markets.
UTEC currently has about $780 million in total assets under management, and says this makes it one of the largest venture capital funds focused on science and tech in Japan, and one of the largest deep-tech funds in Asia. German Bionic raises $20M led by Samsung for exoskeleton tech to supercharge human labor.
Kyash , a Tokyo-based mobile financial app, has raised $41.2 The round comes from a number of investors including Japan Post Investment Corporation, Block (formerly known as Square), Greyhound Capital, SMBC Nikko Securities, Altos Ventures, Goodwater Capital, StepStone Group, JAFCO Group, Mitsui Sumitomo Insurance Capital and others. .
The latest round, which brings its total funding raised to $83 million, comes approximately a year after raising $14.4 The company also could raise another funding before its IPO, Seki added. billion yearly to monitor onshore and offshore pipelines, according to a report by Fortune Business Insights released in February 2022.
billion (300 billion yen), mostly in cash, to enhance its business in Japan. After the acquisition, the Japan-based company will continue to operate its existing business and maintain the brand while the leaders, Paidy’s president and CEO Riku Sugie and founder and executive chairman of Paidy Russel Cummer, keep their positions.
On Tuesday, Israel-based Upstream announced a Series C funding raise of $62 million that it will use to bolster its automotive cloud-based security to ensure remote hacks like this don’t happen. This is not good for business.”. With this latest round, the company has raised a total of $105 million since its founding in 2017.
The startup has raised a $72 million (85 billion won) Series C round from a single backer STIC Investments , JohnWoo Lee, CEO of Rsquare , said in an interview with TechCrunch. The latest funding brings its total raised to approximately $95 million. million Series B funding from Yahoo Japan Capital and SoftBank Ventures Asia.
Glorang , a Seoul-based edtech startup that offers after-school classes and extracurricular activities via online for students between the ages of 3 and 18, said Friday it has raised a $10 million Series A funding co-led by Korea Investment Partners and Murex Partners, along with Japan’s Pksha Capital. . pre-seed round.
Urbanbase , a Seoul-based company that develops a 3D spatial data platform for interior planning and design, announced today it has raised $11.1 Urbanbase, founded in 2013 by chief executive officer and a former architect Jinu Ha, has now raised $20 million (approximately 23 billion won) in total. million and an additional $1.2
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