TechCrunch

APRIL 15, 2021

E-wallets are rapidly gaining popularity in the Philippines, overtaking credit cards, which have a penetration rate of under 10%. Other participants included JG Digital Equity Ventures (JGDEV), Amino Capital, Canaan Partners Scout Fund and Ignite Impact Fund. Plentina co-founders Kevin Gabayan and Earl Valencia.

Philippines 76

Philippines Raise Vietnam Asia 76

TechCrunch

JUNE 21, 2021

Sari-sari stores are neighborhood stores in the Philippines that usually sell daily necessities and sometimes serve as community hubs, too. The $30 million total it has raised include its seed funding and Series A, which according to a July 2020 profile in Esquire Philippines was $14 million.

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Philippines Platform Indonesia Asia 98

TechCrunch

SEPTEMBER 8, 2022

The Philippines’ e-commerce market now has a gross merchandise volume of $12 billion , a 132% increase from 2020, and is expected to reach $26 billion in GMV by 2025. The startup, a Y Combinator and Iterative alum, announced today it has raised $2.2 million in seed funding. Shipmates founders David Marquez and Josh Supan.

Philippines 92

Philippines Online Childhood Aggregator 92

TechCrunch

JANUARY 12, 2021

Payments company Checkout.com is raising once again. But Checkout.com kept growing and growing until it raised one of the biggest Series A rounds ever for a European company — $230 million at a $2 billion valuation. Just a year later, Checkout.com added $150 million in funding at a $5.5 It finished 2020 with 940 employees.

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Raise Philippines San Francisco Denver 139

TechCrunch

JULY 27, 2022

Sari-saris are small neighborhood stores in the Philippines that are often run on pen and paper ledgers. Before raising, Packworks bootstrapped its way to working with 150,000 sari-sari stores, the company says. It was founded in 2018, with an initial client base of five sari-sari store partners.

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Philippines Beginner Accessibility Mentoring 98

TechCrunch

APRIL 11, 2022

Voyager Innovations , the owner of Philippines’ payment and financial services app PayMaya and neobank Maya Bank, announced today it has raised $210 million, bringing its valuation to $1.4 Voyager’s last round of funding was in July 2021 , when it raised $167 million in preparation for launching its neobank.

Philippines 93

Philippines Raise Asia License 93

TechCrunch

FEBRUARY 15, 2022

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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Fund Raise Vietnam Asia 94

TechCrunch

NOVEMBER 8, 2022

Manila-based Humble Sustainability is a circular economy startup that wants to keep it out of the Philippines’ landfills. Humble will use the funding to expand its network of partners and buyers, and grow its team, including hiring department heads. ” 5 tips for scaling your green startup during a funding drought.

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Philippines Green Leadership International 86

TechCrunch

JANUARY 25, 2022

Enter BreederDAO , a months-old, Philippines-based “specialist manufacturer” of digital assets for use in blockchain-based games and virtual worlds, including “Axie Infinity.” Why fund an outfit that’s solely focused on producing digital assets, as if they were widgets on a factory line?

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Fund Generation Raise Philippines 98

TechCrunch

MARCH 28, 2022

GrowSari , a Manila-based platform for digitizing small businesses in the Philippines, announced today it has added $77.5 Along with prior funding, including $45 million announced in January , this brings the round’s total to about $110 million. million to its Series C round.

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Philippines Platform Asia Digital 85

TechCrunch

SEPTEMBER 14, 2021

Jakarta-based Xendit , best known for its digital payment infrastructure but also focused on other financial products, announced today it has raised $150 million in Series C funding, bumping its valuation to $1 billion. This new round brings its total funding so far to $238 million. Accel led Xendit’s $64.6

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Philippines Global Indonesia Fund 99

TechCrunch

MAY 15, 2023

The Singapore-based startup announced today it has raised $6.6 million in pre-Series B funding, led by Headline Asia. The new funding will be used to grow its customer base in Singapore, Vietnam and Indonesia, and expand into new markets in Southeast Asia, like Malaysia, the Philippines and Thailand.

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Fund Service Platform Vietnam 96

TechCrunch

SEPTEMBER 23, 2022

A Manila-headquartered startup called CloudEats , which operates cloud kitchens across the Philippines and Vietnam, just raised a $7 million Series A extension led by Nordstar to accelerate the digitization of food service in Southeast Asia. . Image Credits: CloudEats. CloudEats says it has served more than 2.5 million orders.

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Vietnam Philippines Raise Asia 100

TechCrunch

DECEMBER 26, 2022

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. Founded in 2016, its target is to serve 50 million users by 2025.

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Philippines Raise Asia Malaysia 97

TechCrunch

FEBRUARY 2, 2021

The new funds were raised at a $16 million pre-money, $20 million post-money valuation, Alloy told TechCrunch. But despite being what they described as not the hottest company in the batch, they skipped the accelerator’s well-known demo day, having already raised capital. Why $4 million?

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Raise Service Build Philippines 135

TechCrunch

AUGUST 31, 2021

If you’re in India, the Philippines, Russia or Vietnam, Amazon Prime and Gorillas are probably not that much use to you. At the same time, it has raised $35 million in a Series C funding round led by UAE-based investor Mubadala. Dostavista, the ‘crowdsourced’ same-day delivery service, raises $15M Series B.

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Russia Malaysia Philippines Raise 100

TechCrunch

JULY 29, 2021

Just half a year after leading SODA’s Series B , SoftBank Ventures Asia is raising its bet on the Tokyo-based sneaker resell platform. Along with its new funding, SODA announced it has acquired rival Monokabu. The company’s previous funding, its $22 million Series B, was announced in January. million monthly users.

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Platform Asia Raise Philippines 102

TechCrunch

FEBRUARY 23, 2021

The startup announced today it has raised a $5 million Series A, co-led by Monk’s Hill Ventures and Qualgro. ErudiFi currently works with more than 50 universities and vocational schools in Indonesia and the Philippines. GajiGesa, a fintech startup serving underbanked Indonesian workers, raises $2.5 million seed round.

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Asia Student Education Philippines 102

TechCrunch

AUGUST 11, 2021

AppWorks , the Taipei-based venture capital firm focused on Taiwan and Southeast Asia, announced today it has closed its oversubscribed third fund, raising $150 million. Many of these LPs also participated in AppWorks’ $50 million second fund in 2014. for the other funds. for the other funds.

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Taiwan Asia Fund Mentoring 98

TechCrunch

SEPTEMBER 7, 2021

The startup announced today it has raised a seed extension of $1.5 The funding brings Jeff’s total raised to about $2.5 Jeff raises $1M to build alternative credit scoring and other fintech products for Southeast Asia. Jeff raises $1M to build alternative credit scoring and other fintech products for Southeast Asia.

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Comparison Vietnam Raise Asia 98

TechCrunch

NOVEMBER 17, 2020

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.

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Asia Philippines China Myanmar 108

TechCrunch

MAY 11, 2022

The latest round brings its total funding raised to $41.4 JIC Venture Growth Investments led the Series E equity funding, with participation from Z Venture Capital , a venture investment arm of Z Holdings, Japan Post Capital and Salesforce Ventures. million (3.5 billion yen) in equity and $11.6 million (1.5 billion yen) in debt.

Raise 97

Raise South Korea Platform Japan 97

TechCrunch

DECEMBER 22, 2020

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. According to Crunchbase data , this brings Lalamove’s total raised so far to about $976.5 All three are returning investors. million monthly active users.

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Companies China Malaysia Philippines 120

TechCrunch

MARCH 2, 2021

Indonesia’s Xendit , a startup focused on building digital payments infrastructure for the region, has just raised $64.6 The funding brings the total amount raised by the Jakarta-based company to $88 million since its 2015. And Southeast Asia is no exception. million in a Series B led by Silicon Valley heavyweight Accel.

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Asia Raise Philippines Indonesia 99

TechCrunch

APRIL 21, 2022

MadEats , Y Combinator alum, claims to be the first “‘full-stack’ delivery-only startup in the Philippines,” with their own virtual storefront, ghost kitchens and fleet of drivers. The company announced today it has raised $1.7 million in seed funding led by JAM Fund, Crystal Towers Capital, Starling Ventures, MAIN and Rebel Fund.

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Philippines Fund Structure Analytics 99

TechCrunch

MAY 17, 2023

Jia, a blockchain-based fintech providing loans to micro and small businesses in emerging markets, has raised $4.3 The fintech plans to use the funding to double down on its operations in Kenya, and the Philippines, before exploring new markets in West Africa, Latin America, and Asia.

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Business Marketing Raise Kenya 106

TechCrunch

APRIL 28, 2021

This morning Wunderite , a Boston-based software startup, announced that it has raised $3 million in an early-stage round led by Spark Capital. Today the startup is just seven folks — four in the United States, three in the Philippines — but expects to grow to 15 to 20 this year.

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Software Raise Build United States 98

TechCrunch

FEBRUARY 6, 2023

million seed funding it has raised from 500 Global, P1 Ventures, Launch Africa, and Middle East VCs Seedra Ventures, Arzan Ventures, Propeller, Core Vision, as well as a number of regional investors. Gameball’s clientele include Sega, Xiaomi, Experience Philippines and Breadfast. Gameball raises $3.5M

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Platform Saudi Arabia Raise Philippines 94

TechCrunch

MAY 19, 2022

Xendit , a payments infrastructure platform for Southeast Asia, has raised $300 million in fresh funding. The company’s new valuation wasn’t disclosed, but it hit unicorn status in its last round of funding in September 2021. Part of the funding will be used to expand into new markets, like Thailand, Malaysia and Vietnam.

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Indonesia Philippines Asia Malaysia 99

TechCrunch

MARCH 29, 2022

Singapore-headquartered esports startup Ampverse has raised $12 million in Series A funding led by Falcon Capital. The company says this is the largest Series A raised by an esports organization in Southeast Asia, based on data from PitchBook and other third-party platforms.

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Singapore Philippines Indonesia Vietnam 98

TechCrunch

DECEMBER 7, 2020

The company’s Series B, which brings its total raised since 2017 to $41 million AUD, will be used to expand in Southeast Asia and double its total team by hiring 100 new people, including 50 software developers. ” co-founder and co-chief executive officer William On told TechCrunch.

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Global Asia Australia Platform 108

TechCrunch

SEPTEMBER 23, 2021

Zola Electric , one such provider, is announcing today that it has closed $90 million in new funding to enter new markets and drive distributed renewable energy. ” The $90 million funding raised is a combination of debt and equity, $45 million each. Brazil, Pakistan, and the Philippines. ” More than 1.5

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Fund Marketing Technology Africa 98

TechCrunch

JULY 27, 2021

HappyFresh , the on-demand grocery app based in Indonesia, announced today it has raised a $65 million Series D. It also included returning investors Mirae-Asset Naver Asia Growth Fund and Z Venture Capital. The company’s previous round of funding was a $20 million Series C announced in April 2019.

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Indonesia Malaysia Asia Thailand 105

TechCrunch

JULY 5, 2021

Locad , a startup that wants to help with what it describes as an “end-to-end solution” for cross-border e-commerce companies, announced today it has raised a $4.9 Locad is among a growing roster of other Southeast Asia-based logistics startups that have recently raised funding, including Kargo , SiCepat , Advotics and Logisly.

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Philippines Asia Australia Singapore 91

TechCrunch

MAY 20, 2021

The startup, which currently focuses on fresh groceries and plans to expand into more categories, announced today it has raised $1 million in seed funding. Super, an Indonesian hyperlocal social commerce startup, raises $28M led by SoftBank Ventures Asia. The round was co-led by Venturra Discovery and Golden Gate Ventures.

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Vietnam Social Raise Asia 100

TechCrunch

SEPTEMBER 5, 2022

The Singapore-based company announced today it has raised $44 million in Series C funding led by returning investors Itochu Corporation, which put in $32 million. The new capital brings Docquity’s total raised to $57.5 The rest of the round came from investors including iGlobe Partners, Alkemi, Global Brain, KDV and Infocom.

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United Arab Emirates Professional Saudi Arabia Philippines 76

TechCrunch

FEBRUARY 2, 2021

The startup announced today it has raised a $5 million Series A led by Monk’s Hill Venture. The funding will be used to expand in the Asia-Pacific region, including Indonesia, the Philippines, Malaysia and Indonesia, and to add new features in response to demand from hospitals and healthcare organizations during COVID-19.

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Singapore Indonesia Raise Malaysia 103