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Small businesses are the backbone of Southeast Asia’s economy, but many struggle to secure working capital loans because they don’t have traditional credit records or collateral, say the founders of Funding Societies. TechCrunch first covered Funding Societies when it raised its Series A in 2016. million loan transactions.
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.
The startup has not disclosed the ratio of debt and equity (like many other e-commerce aggregators, Una uses debt funding to buy brands because it is non-dilutive). Co-founder and chief executive officer Kiren Tanna told TechCrunch the Series A is a priced round with a valuation more than five times Una’s last funding.
London-based Kodland , which started out back in 2018 offering in-person courses for children to learn digital skills like computer programming before switching focus to online learning from early 2020, has closed a $9 million Series A funding round to scale into more markets. Ireland, the U.S., Ireland, the U.S.,
The company announced today it has raised $12 million in Series A funding led by Jungle Ventures, with participation from Tiger Global and returning investors like Bling Capital. Part of the funding will be used for the company’s second ESOP buyback for all employees. This brings inFeedo’s total raised since the U.S.-headquartered
billion won ($150 million) funding at a 1.3 FMS is different from car-sharing, which has been Socar’s flagship business for the past ten years, and if stabilized, it is a B2B SaaS that guarantees a high-profit ratio,” Park said. Socar, backed by SoftBank, and Korean strategic investor SK Inc, entered the unicorn club with roughly 183.2
” In Malaysia, regional companies still hire cross-border, but local companies have shifted back to local hiring. For example, he said there is still disproportionate demand for technology and product talent on Glints, with the ratio in job seekers’ favor. Layoffs also give startups a chance to build their core teams.
million in pre-seed funding led by AC Venture and Alpha JWC, with participation from Living Lab Ventures and Ciputra Group. The funding will be used of product development, hiring and expanding its products. That is low copared to Malaysia and Singapore, which are at 30% or higher. The startup announced today it has raised $3.8
One of the biggest funding trends of the past year is companies that consolidate small e-commerce brands. Una did not disclose the ratio of equity and debt in the round. Una currently has teams in Singapore, Malaysia and Australia and plans to expand in Southeast Asia before entering Taiwan, Japan and South Korea.
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