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The Reg writes that after schools in The Philippines closed due to Covid-19 outbreaks, the government allocated funds to purchase nearly 70,000 laptops so teachers could continue working.
The Philippines is one of the most disaster-prone countries in the world, with geography that makes it vulnerable to typhoons, floods, volcanos, earthquakes and droughts. An example of Komunidad dashboards, created for a project in Mandaluyong City, the Philippines. Komunidad also enables its customers to build their own alert systems.
Launched in the Philippines, social commerce startup Resellee wants to recreate the success of Pinduoduo, one of China’s fastest-growing e-commerce companies, in Southeast Asia. Social commerce is well-positioned to take off in the Philippines for several reasons, he added.
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.
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.
At present, it’s currently focused on Nigeria, Philippines, Haiti and Cambodia, with a renewal bent designed to reduce emissions as it brings more populations online. It feels great to lock in this funding so that we can accelerate our growth,” Hannan says in a release. Image Credits: Okra Solar. “It
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. The funding fill be used to double down on Brick’s presence in Indonesia and regional expansion. The company announced today it has closed a $8.5
million in pre-Series A funding led by Monk’s Hill Ventures. Two of its largest markets are Indonesia and the Philippines. Though many governments understand the importance of STEM skills for economic growth, many are struggling to incorporate them into their curriculums, he added. The startup announced today it has raised $2.8
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.
government. Pylon currently operates in Egypt and the Philippines. This funding is the company’s first venture round. They serve more than 1 million metering endpoints across 26 separate meter models in Egypt and the Philippines. Over 12 different utilities (seven in the private sector and five in public) use Pylon.
The round was led by London-based specialized investor Insurtech Gateway, with participation from Rockstart’s AgriFood fund and others. “We work with mutuals, insurers, microfinance institutions, research institutions, farmers and breeders associations and governments,” its site explains. million – approximately $1.70
The amount of funding was undisclosed. The company is currently focused on product launches in Indonesia, and plans to start expanding into other high-growth fintech markets, including Singapore, the Philippines and Vietnam, later this year. Brick and other fintechs have benefited from strong support from Indonesian regulators.
million in pre-seed funding. “ The future of the Masa protocol is to be fully decentralized, turning governance and management into a DAO structure.” Masa Finance , a hybrid credit protocol and decentralized credit bureau founded by Pngme CEO Brendan Playford in late 2020, has raised $3.5
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.
million in seed funding for its goal of becoming “the one-stop for verification in Southeast Asia.” When end users log onto an app that uses Verihubs for the first time, they are prompted to take a selfie and then upload a photo of a government-issued photo ID. Verihubs announced it has raised $2.8
The startup also recently raised an undisclosed amount of pre-seed funding led by East Ventures, with participation from AC Ventures, Genesia Ventures, Two Culture Capital and other investors. It’s already eyeing Vietnam and the Philippines and has established partnerships in Brussels.
The startup built a back-end operating system platform that handles everything from incorporation, government, accounting, taxes and visas to regulatory compliance. and the Philippines. Corporate services platform Sleek lands $4 million in new funding. based SMEs.
government aid, capital investment, philanthropy and remittances. 3 This study reports that a change is occurring; the long-held perception that the reduction in global poverty is primarily driven by government aid (from the U.S. 4 A broader look at the sources of funds moving from the U.S. billion) and the Philippines ($10.1
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. We also wrote about Tellus, a startup that raised $16 million in an Andreessen Horowitz–led seed round of funding last year that is now being scrutinized by the U.S. government.
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.
million in funding — $15 million of which was raised in a Series A led by Menlo Ventures and $3.4 ” Funding across the globe. MarketForce, a retail B2B and end-to-end distribution platform founded in Kenya, raised $40 million in Series A funding for its merchant inventory financing and expansion across Africa.
Apart from the world of crypto, it was a good day for new funds — Christine reports that New Fare Partners is the latest female-led VC to close first fund , and Catherine has a story today about Iterative launching its second fund targeting Southeast Asia–based startups. You can sign up here.
With these issues not leaving Africa anytime soon, we should expect stronger crypto growth despite several governments’ efforts to stifle it. A part of the funds will also go into investing in web3 projects. Bademosi said Nestcoin might raise an independent fund to invest and participate in such deals and projects going forward.
It offered full-time job prospects to some players and commanded an entry price of over $1,000 at its peak, while Sky Mavis itself was valued at $3 billion after a $152 million funding round led by Andreessen Horowitz. I do think that they have it just as well in check as the US government does.”.
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.
Netsquared Innovation Fund Netsquared Announces the 21 Featured Projects and solicits for feedback. Forum One Communications has a post about NOAA's Ocean Explorer on YouTube and Braving Uncharted Water with one very commonsense takeaway about piloting before you launch and some murky policy issues around government policies and social media.
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.
Universities can get stuck into three-year funding cycles,” he told TechCrunch.“But Queensland’s CoralBots are now being put to work in Australia, the Philippines, Vietnam and the Maldives. One Oceankind project that may raise eyebrows is its funding of research that strays into the controversial area of geoengineering.
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.
2023 will be the year electric vehicles really start to take shape : “Driven by policy initiatives from governments and billions of dollars in investment from automakers, we can safely say the EV industry has begun to take shape,” Rebecca writes. Neither Christine nor Haje. The TechCrunch Top 3.
Hurricane Katrina had just happened, and many experts viewed it primarily as a failure of the government to take care of its weakest citizens in the face of a natural disaster, not as climate change’s early shot. Governments are finally putting tough building codes in place. When I started getting involved in clean tech 1.0
At least one study finds that congressional gridlock contributes to income inequality, while another implies that political stalemates have a greater negative impact than even hostile government policies on a company’s ability to innovate. in years when there was a unified GOP government. Consider how a recession might play out.
million-member political action committee who works on issues from universal health care to climate change, and energy independence to restoring democracy through getting rid of the torture clause that the Bush administration has written into the government charter, and trying to get public funding for elections. We are a 3.5
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