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SME lender Funding Societies raises $144M led by SoftBank Vision Fund 2, plus $150M in debt lines

TechCrunch

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.

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AC Ventures reaches first close of a $250M fund for Southeast Asian startups

TechCrunch

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.

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E-commerce aggregator Una Brands raises $15M Series A five months after its launch

TechCrunch

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.

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Kodland, which teaches kids digital skills, grabs $9M to scale its online coding school

TechCrunch

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.,

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inFeedo gets $12M to help employers find out how their workforce really feels

TechCrunch

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

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SoftBank-backed Socar, South Korea’s largest car-sharing startup, tumbles on market debut

TechCrunch

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

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Despite layoffs, there’s still a talent crunch in Southeast Asia

TechCrunch

” 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.

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