This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
Indonesia is one of the world’s largest fisheries producers, but the industry is very fragmented. Aruna announced today it has raised $35 million in Series A funding led by Prosus Ventures and East Ventures Growth Fund, with participation from SIG and returning investors including AC Ventures, MDI and Vertex Ventures.
Even the largest landfills in Indonesia are at (or nearing) capacity , and the government has set an ambitious target of 30% waste reduction by 2025. Other participants in the round include Basra Corporation, Paloma Capital, PT Delapan Satu Investa, Living Lab Ventures, SMDV and Urban Gateway Fund.
Indonesia-based fintech Pluang announced today it has raised $20 million in a pre-Series B round led by Openspace Ventures, with participation from Go Ventures and other returning investors. Pluang’s latest round will be used to develop proprietary financial products to cover more asset classes, including government bonds.
As someone who covers Southeast Asia startups and funding stories, the best word I can think of to describe 2021 is “whoa!” Backed by international LPs, Southeast Asia-focused venture firms like Alpha JWC , AC Ventures and Jungle Ventures raised their largest funds yet. Indonesian venture capital firm Alpha JWC closes $433M third fund.
AC Ventures (ACV) , a venture firm focused on early-stage startups in Indonesia and the rest of Southeast Asia, has reached the first close of its fifth investment fund (Fund V). The fund is targeting $250 million and has raised 65% of that capital so far, mostly from limited partners who invested in ACV’s previous funds.
Ajaib Group , an online investment platform that says it now runs the fifth-largest stock brokerage in Indonesia by number of trades, announced it has raised a $25 million Series A led by Horizons Ventures, the venture capital firm founded by Li Ka-Shing, and Alpha JWC.
One Impression, an Indian influencer marketing platform that does business in markets including Indonesia, Dubai, Europe and the U.S., has raised $10 million in a funding round led by the South Korean gaming company Krafton. The Krafton-led, all-equity Series A funding round also saw participation from Peer Capital.
Trukita has an extended network of over 10,000 trucks, and the combination of the two companies means it is “now one of the largest logistics technology providers in Indonesia,” said co-founder and chief executive officer Andree Susanto. to advance its push to digitize logistics in Indonesia. Waresix hauls in $14.5M
Lalamove will extend its network to cover more small Chinese cities after raising $515 million in Series E funding, the on-demand logistics company announced on its site. The company’s last funding announcement was in February 2019, when it hit unicorn status with a Series D of $300 million. All three are returning investors.
The funding was led by MDI Ventures, the investment arm of Telkom Group, one of Indonesia’s largest telecoms, with participation from Add Ventures, BRI Ventures, Flourish Ventures, Intudo Ventures, Openspace Ventures, Tenaya Capital, UOB Venture Management and Vertex Ventures. seed funding in farm-to-table startup Secai Marche.
But in markets like Indonesia, many still use digital wallets or e-commerce platforms, creating alternative sources of user data that can help them secure working capital and other financial tools. Once it completes the program, it will be able to partner with more fintech companies in Indonesia, including bigger institutions.
The adoption of financial apps is surging in Southeast Asian markets like Indonesia , the region’s most populous country. It is currently partnered with Indonesia’s seven largest banks, covering more than 90% of the country’s bank accounts, and plans to expand into all Southeast Asia countries. The amount of funding was undisclosed.
He is an adviser and investor focusing on high-impact entrepreneurship in emerging markets and has worked with the World Bank, International Finance Corporation, as well as numerous funds and startups focusing on developing countries. A glimpse into Singapore’s current startup ecosystem.
Indonesia emerged as the best choice. Indonesia and Malaysia, in the heart of Southeast Asia, are among the countries with the largest Muslim populations in the world. Gojek’s GoPay is also partnered with the Indonesia mosque council to allow users to make zakat, or obligatory alms giving, online. out of its 33.6 out of its 33.6
Zipmex , a digital assets exchange headquartered in Singapore, announced today it has raised $6 million in funding led by Jump Capital. Along with earlier funding, it brings the total Zipmex has raised so far to $10.9 The exchange is regulated in Singapore, Australia and Indonesia, and licensed in Thailand. million in funding.
The funding included participation from Alibaba Hong Kong Entrepreneurs Fund, Artesian Ventures and ParticleX. Its new funding will be used on research and development, product development and expanding into Southeast Asian countries. It will also enter Singapore because developers are willing to adopt AI-based technology.
Indonesia’s construction industry is growing quickly, driven by residential and industrial building, alongside infrastructure development plans by the government. Sourcing skilled labor is still a time-intensive process, however, and often relies on personal networks and lengthy recruitment efforts.
This amount includes Brick’s previously undisclosed seed funding, which TechCrunch reported in May 2021 , but the majority of it is fresh capital, said co-founder and CEO Gavin Tan. Other customers include investment firms, banks and some of Indonesia’s largest conglomerates, including Sinarmas Group and Astra Financial.
Based in Singapore, it is currently active there and in Indonesia, and plans to roll out in other Southeast Asian markets after localizing for employment regulations. The funding will be used to add more features to Omni, including a recruitment module by the third quarter and a performance enhancement module by the end of the year.
million in seed funding for its goal of becoming “the one-stop for verification in Southeast Asia.” ” The round led by Insignia Venture Partners, with participation from CCV (Central Capital Ventura, the investment arm of Bank Central Asia, the largest privately-owned bank in Indonesia), and Armand Ventures.
million in pre-Series A funding led by Monk’s Hill Ventures. Two of its largest markets are Indonesia and the Philippines. Doyobi has partnerships with educational platforms Leap Surabaya, Coderacademy and private schools like HighScope Indonesia, Mutiara Harapan Islamic School and Stella Gracia School. Series A.
million in funding led by East Ventures Growth Fund, with participation from AlphaTrio Sustainable Technology Fund, Skystar Capital, Sovereign’s Capital, Ozora and Gobi Partners. Lieviant said they can also get government-guaranteed deposits with higher interest rates. Komunal raises $8.5M
According to the World Bank, Indonesia produces 4.8 Octopus also points to Indonesian government regulations about waste collective referred to as 3R , or “reuse, reduce, and recycle,” that are meant to reduce the amount of plastic ocean debris in the ocean by 70%. billion on creating a circular economy for more brands.
BukuKas , a startup focused on digitizing Indonesia’s small businesses, has raised $50 million in Series B funding. BukuKas was founded by Menon and chief operating officer Lorenzo Peracchione, who met while working at Lazada Indonesia. of Indonesia’s gross domestic product. The app has onboarded about 6.3
million in pre-Series A funding led by Jungle Ventures. Its new funding is the first time Jungle Ventures has invested in the mobility sector and included participation from Wavemaker Partners, Hustle Fund and iSeed Ventures. In 2018, he moved back to Vietnam and launched Dat Bike.
The company is one of the largest VC–backed startups in Southeast Asia, having raised over $60M in funding. We’ve asked him to give us some insight into starting, building, and funding a company across Asia. the large government-linked corporations setting up their own venture arms (e.g. Where are all of the VCs in Asia?
But having a diverse cluster of big tech companies helps the ecosystem by providing more resources, including mentorship and early funding opportunities, say Singapore-based investors. The Singaporean government continues to create new initiatives that make it attractive to tech companies and entrepreneurs.
Today, the Singaporean-based startup announced it has raised $10 million, with the goal of expanding its wireless laser communications system in Indonesia, India, the Philippines, Malaysia, Singapore and the United States. by exploring collaborations with the government, enterprise and telecoms over the next 12 months.
Even the largest landfills in Indonesia are at (or nearing) capacity, and the government has set an ambitious target of 30% waste reduction by 2025 , reports Catherine. Just bouncing along : Is the venture market slowing or did crossover funds just bounce? Startups and VC.
there are really no other solutions, like government schemes or rent-to-own financing solutions,” Homebase chief operating officer Phillip An told TechCrunch. Ultimately, Homebase’s goal is to enter other Southeast Asian markets where home owners also face a dearth of financing options, like Singapore, Thailand and Indonesia.
It also has networks of sensors in United Kingdom and Indonesia cities. It is also partnered with the DivAirCity project, which is funded by European Union’s Horizon 2020. Communities have used data collected by Airly to lobby local governments to take air quality action. “On
Its Series D will be used to support growth in those markets, and enter new Southeast Asian countries, including Thailand, Vietnam, Indonesia and the Philippines. Localized versions of Employment Hero include pre-built employment contracts and policies that comply with local laws.
Wavemaker Impact is planning to a raise $25 million for its first fund and is currently looking for founders. Wavemaker has invested in more than 140 companies and currently has $180 million in AUM across its three funds in Southeast Asia.). All these are potential ideas for Wavemaker Impact entrepreneurs. “We
Solar power expanded rapidly in Vietnam from 2018 to 2020, helped by generous government policies, as it leaped past its neighbors and some richer nations like the United Kingdom. Vietnam is Southeast Asia’s second-biggest coal producer after Indonesia. AP is solely responsible for all content.
And the government of Bangladesh announced plans for a nationwide mobile payments system by early 2018.This The company seeks to accelerate aid funding distribution and provide transparency in how funds are spent using blockchain. BitPesa, Banqu, and UCash are scaling similar concepts in Kenya, Indonesia, and India.
This will include everything from funding rounds to trends to an analysis of a particular space to hot takes on a particular company or phenomenon. One of those is Clara, a spend management company based in Mexico that announced $60 million in new funding last week. million for Ansa.
Native to South Sudan and a handful of other African countries, including Congo, Central African Republic, and Uganda, excelsa is also farmed in India, Indonesia, and Vietnam. The government says companies can operate safely, but warned them to focus on business. Excelsa could play a key role in adapting.
Initiatives like the Just Energy Transition partnerships in regions like Indonesia and Vietnam are currently helping to create some of the funds and financing mechanisms to support these countries in their transition efforts. We need to create mechanisms like carbon trading and other supportive measures to help support that transition.
We can use the funding to crystallize our vision into simple hardware that delivers the best possible experience for the mass market. That’s what Chinese families wanted, and it aligned with what the government wanted, which is more than 90% of the people should age at home. That’s why we have a company.
Twitter makes its API free for public announcement accounts Twitter announced on May 2 that it is making its API free for verified government or public-owned services posting about public utility alerts such as weather alerts, transportation information and emergency warnings. But once you refresh the page it disappears.
The leaders in adoption are China, India, Indonesia, Iran, Russia, Nigeria, the Philippines, Brazil, and Mexico. It's a Microsoft-funded report by Christine Egger on the history of nonprofit technology assistance providers (NTAPs) like TechSoup, 501cTech , Idealware , Network for Good , NPower , NTEN , and Tech Impact.
However, it had previously secured a pledge for new funds if its SPAC deal fell through, capital that it has now raised. Seed Club Ventures, a 63-member consortium of VCs, individual investors, family offices and various entities that still believe in web3, recently came out of stealth with a $25 million fund to help DAOs do just that.
The fresh capital, which brings its total funding raised to $135 million, was led by Affirma Capital, with participation from Sequoia Capital India, Hana Ventures, ICT Capital, EDB Investment (EDBI), AC Ventures, RTP Global and Momentum Venture Capital.
A broader range on climate change : Harri reports that “simply decarbonizing” isn’t enough, as Third Nature targets $35 million fund. federal government has made R&D tax credits available for decades, but a major change set to take place this year will impact startups across the board. Carly has more.
We organize all of the trending information in your field so you don't have to. Join 12,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content