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Retail investment apps in Southeast Asia attracted a lot of funding last year , and the trend looks set to continue with Vietnam-focused Infina announcing that it has added $4 million to its seed funding. Infina was part of Y Combinator’s Summer 2021 cohort and aspires to become the “Robinhood of Vietnam.”
At a remote elementary school in the Mekong Delta in Vietnam, until recently, access to safe drinking water was a daily challenge. Urban Taipei obviously has different water infrastructure than rural Nepal or Vietnam. In the dry season, from December to April, droughts made the challenge worse. We don’t even need to have storage.”
The company announced today it has raised more than $1 million in seed funding, which it claims is one of the largest seed rounds ever for a Vietnamese health tech startup. Lopez said advance doctor bookings aren’t the norm in Vietnam.
CoderSchool, a Ho Chi Minh City, Vietnam-based online coding school startup, announced today $2.6 million in pre-Series A funding to scale up its online coding school platform. In Vietnam, the demand for IT talent is dramatically increasing by 47% a year, while supply is only increasing by 8% year-on-year. pre-seed round.
There’s a large education gap in Vietnam between urban centers, which have access to more resources, and the smaller cities and rural areas where 80% of students live. This brings Edupia’s total funding to $16 million. Before founding Edupia, Hung spent 10 years as director of digital services at Viettel, the largest telco in Vietnam.
Now it’s planning to grow its telehealth ecosystem with $2 million in new funding by East Ventures, with participation from Pavilion Capital and Touchstone Partners. We are excited by Medigo’s mission to revolutionize pharmacies and healthcare services in Vietnam.”
Vietnam has one of the fastest-growing e-commerce markets in Southeast Asia, but many major platforms still focus on large cities. 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. Indian social commerce Meesho valued at $2.1
The home ownership rate in Vietnam is about 90% , but many millennials are struggling to join that number. Part of Y Combinator’s latest batch, Homebase was founded in 2019 to give prospective buyers in Vietnam an alternative to traditional financing. Homebase co-founders Phillip An and Junyuan Tan.
The startup’s goal is to create “small Silicon Valleys” across Vietnam, with educational centers that help prepare students of all ages for careers in tech. Today, the edtech announced that it has raised $15 million in Series B funding led by Kaizenvest, a private equity firm that focuses on the education space.
The startup’s goal is to create “small Silicon Valleys” across Vietnam, with educational centers that help prepare students of all ages for careers in tech. Today, the edtech announced that it has raised $15 million in Series B funding led by Kaizenvest, a private equity firm that focuses on the education space.
Vietnam is revising its energy plans to focus more on large solar farms and less on reliance on coal and natural gas. But Vietnam also is emphasizing expansion of large solar farms to meet soaring demand for power generation. But while it’s building clean power capacity, Vietnam is also ramping up use of coal.
In Southeast Asia, startups in this space that have raised funding over the past few months include Ajaib , Bibit and Stashaway —and that’s just a (very) partial list. Now Infina , which calls itself the “Robinhood of Vietnam,” is announcing an oversubscribed $2 million seed round. of people in Vietnam have invested in stocks.
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.
million in Series C funding led by Japanese human resources management firm PERSOL Holdings. The new capital will be used on Glints’ expansion in Singapore, Indonesia, Vietnam and Taiwan and hiring for its product and engineering teams. Glints , the Singapore-based career platform, announced today it has raised $22.5
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. The Singapore-based startup announced today it has raised $6.6
Based in San Francisco and Ho Chi Minh City, ELSA announced today it has raised a $15 million Series B, led by VI (Vietnam Investments) Group and SIG. Other participants included returning investors Google’s AI-focused fund Gradient Ventures, SOSV and Monk’s Hill Ventures, along with Endeavor Catalyst and Globant Ventures.
The startup has raised $2 million in funding from Alpha JWC Ventures and January Capital, with participation from Venturra Discovery, FEBE Ventures and angel investors. Funding is being used for hiring, especially for product engineers to build software for Aemi’s micro-merchants. . “The
Railsbank , the London-headquartered Banking-as-a-Service platform, has raised $37 million in new growth funding. London, Manila (Philippines), Kuala Lumpur (Malaysia), Melbourne (Australia), Vietnam and Sri Lanka. Leading the round is MiddleGame Ventures and Ventura Capital, which are both existing investors in Railsbank.
Proceeds benefit Animals Asia work to end bear bile farming and improving the welfare of animals in China and Vietnam. 100% of profits help fund Surfrider’s mission to protect the world’s ocean, waves and beaches. 28) Sweet Relief Musicans Fund :: sweet-relief-musicians-fund.myshopify.com.
We proudly welcome NGO partners Vietnet-ICT and the Lin Centre in Vietnam, as well as ASEAN Foundation , Kopernik Marketplace , and YCAB Foundation in Indonesia to the TechSoup Global family. They are all part of TechSoup Asia , which serves charities in the Philippines, Malaysia, Singapore, Thailand — and now Vietnam and Indonesia.
The funding was led by Jungle Ventures, with participation from Patamar Capital and Oliver Jung. Existing investors investors GGV, Venturra, Hustle Fund, iSEED SEA and Gokul Rajaram also returned for the round. TechCrunch first covered Mio at the time of its $1 million seed funding in May 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. Fund II also achieved internal rate of return (IRR) of 34.7%, compared to 26.1%
Kilo , a Vietnam-based B2B e-commerce platform that connects wholesalers with micro, small and medium enterprises (MSMEs), wants to digitize the local retail value chain via technology. “In The startup retained thousands of MSMEs in 24 provinces across Vietnam, Ryan Wilber, Kilo’s head of product and engineering said.
billion won) for its latest, sixth fund, bringing the firm’s total assets under management to approximately $22 million (28 billion won). The early-stage VC had already set up five social impact funds and backed 81 startups since 2020, after Han acquired the firm in December 2019. Sopoong has closed on around $8 million (10.3
million in pre-Series A funding led by Jungle Ventures. Made in Vietnam with mostly domestic parts, Dat Bike’s selling point is its ability to compete with gas motorbikes in terms of pricing and performance. In 2018, he moved back to Vietnam and launched Dat Bike. Giving EV batteries a second life for sustainability and profit.
Proceeds benefit Animals Asia work to end bear bile farming and improving the welfare of animals in China and Vietnam. 100% of profits help fund Surfrider’s mission to protect the world’s ocean, waves and beaches. 25) World Wildlife Fund Gifts :: gifts.worldwildlife.org. 3) Animals Asia Shop :: shop.animalsasia.org.
Indonesia-based insurtech startup Fuse announced today it has secured $25 million of Series B extension round as it plans to enter more countries including Thailand and Vietnam in Southeast Asia. The startup has closed three funding rounds of Series B within the past six months, bringing the company’s total raised to over $70 million.
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. . We are taking the best practices along with key learnings to our next market launch.” .
Now it’s set a goal of investing in 100 more startups with the launch of its second emerging market seed-stage fund, called Seedstars International Ventures II (SIV), with a first close of $20 million. One difference between SIV II and the first fund is that it can writer bigger checks. We align ourselves with a lot of the ESGs.”.
To get more data for its latest Southeast Asia Tech Talent Compensation report, which covers startup hiring in Singapore, Indonesia and Vietnam, Monk’s Hill Ventures teamed up with Glints , one of its portfolio companies. In comparison, at the same funding stages, CTO’s median salary increased from $3,300 to $7,550 respectively.
Loship , the Vietnamese on-demand e-commerce platform that started as a reviews app, announced today it has raised $12 million in pre-Series C funding, bringing its valuation to $100 million. Its previous funding was a bridge round from MetaPlanet Holdings, announced in February 2021. Kamereo gets $4.6M
The funding brings Jeff’s total raised to about $2.5 Founded in 2019, the startup is operational in Vietnam and has applied for a license to launch in Indonesia. Part of the funding will be used to increase Jeff’s team from about 15 people now to more than 40 employees for its offices in Latvia and Southeast Asia.
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.
In Vietnam, a startup called Azota wants to help with an online software platform that not only helps educators develop and proctor tests, but also automatically grades them using information from Vietnamese teaching materials. Before co-founding the startup, Au Nguyen, its CEO, worked for Viettel, one of the largest telecoms in Vietnam.
The startup, which launched its app in Vietnam last year, announced today it has raised $1 million, led by the Estonian Business Angels Network (EstBAN). Jeff currently claims more than 300,000 users in Vietnam. ” Payfazz invests $30M in Xfers as the two Southeast Asian fintechs form Fazz Financial Group.
A few months ago, brothers Hai Nam Bui and Hai Long Bui were developing a bookkeeping app for small retailers in Vietnam. Then a new COVID-19 outbreak hit Vietnam. million in seed funding, with participation from investors including FEBE Ventures, Class 5 and Kevin P. The company announced today that it has raised $1.5
The new funding was led by Alkeon Capital, an American investment firm, and included participation from new investors like Korea Development Bank, and returning backers Altos Ventures and Greyhound Capital. It will also use the funding to continue its expansion in overseas markets, including Vietnam, where Toss launched last year.
YC-backed Homebase is an alternative to traditional mortgages for home buyers in Vietnam. Homebase will use its new funding to continue developing its proprietary technology, form more partnerships with real estate developers and hiring. Right now in Vietnam, buying property is really painful.
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
Before starting Rino, Nguyen was part of the founding team and chief operating officer of Baemin Vietnam, one of the country’s largest food delivery apps. Before that, he served as Grab Vietnam’s head of GrabBike and GrabExpress. Four years ago, food delivery in Vietnam was slow. Rino’s grocery delivery app.
Glints’ platform currently has three million professionals in five markets (Indonesia, Vietnam, Singapore, Malaysia and Taiwan), and 50,000 companies that are seeking workers, including AIA, IKEA, GetGo, KKday and Gameloft. Glints’ team. Despite layoffs, there’s still a talent crunch in Southeast Asia.
StoreDot , the Israeli next-generation battery technology startup touting an “extreme fast charging” (XFC) battery for electric vehicles, has secured the first close of its latest funding round led by Vietnamese electric vehicle manufacturer VinFast. VinFast licenses and makes BMW-based cars out of Vietnam.
The newest round was led by the InsuResilience Investment Fund II, which was launched by the German development bank KfW for the German Federal Ministry for Economic Cooperation and is managed by impact investor BlueOrchard. Another, more recent one, is is Weather Index Insurance product in Vietnam.
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. When the country first became independent, its mandate was to simply survive rather than thrive.
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