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Riiid , a South Korea-headquartered AI-powered edtech company, acquired its Japanese distribution partner Langoo to expand its Japan footprint. . Riiid has said it will continue to fuel its global expansion with the funding. . million users downloaded the Riiid Tutor app in South Korea and Japan. Riiid claims that more than 2.5
Coral Capital , a Tokyo-based venture capital firm, announced today that it has closed its third fund, Coral Capital III, raising $128 million (14 billion yen). Riney and Sawayama, who were co-founders of 500 Startups Japan, launched their first fund in partnership with 500 Startups in February 2016.
Swing , a South Korean electric scooter and micromobility startup, announced today it has raised $24 million in a Series B round to spur its growth and expansion to Japan. . With the fresh capital, Swing has raised a total of approximately $33 million (40 billion KRW) since its inception in 2019. . Expansion to Japan.
Global investors are running from Chinese tech stocks in the wake of the government’s crackdown on Ant Group and Alibaba, two high-flying businesses founded by Ma Yun (Jack Ma) that were once hailed as paragons of China’s new tech elite.
Japanese commerce enabler AnyMind , which helps brands and influencers’ online operations, has closed a ¥5 billion (approximately $36 million) Series D round on the back of that boost to make additional acquisitions in Japan and globally. The Series D funding, which brings its total funding to date to approximately $91.7
Moov, a data-fueled marketplace for used manufacturing equipment , has closed a $41 million Series A funding round led by Tiger Global. It also plans to expand its global presence in China, Taiwan, South Korea, Japan, and Europe. With close to $1.5
There’s an urgent need for a global air traffic management solution to enable safe and efficient drone and urban air mobility (UAM) operations, and Terra Drone aims to be the leading player building the digital infrastructure in the sky.” . The company also could raise another funding before its IPO, Seki added. and Southeast Asia.
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. Conversational AI startup Yellow Messenger raises $20M Series B from Lightspeed.
The funding is coming at a high-watermark moment for edtech — with the shift to remote learning in the last year of pandemic living highlighting the opportunity to build better tools to serve that market, and a number of startups in the category subsequently raising hundreds of millions of dollars to tackle the opportunity.
The round brings SmartNews’ total raise to date to over $400 million and values the business at $2 billion — or as the company touts in its press release , a “double unicorn.” 10 Family Office in Japan. 10 Family Office in Japan. Founded in 2012 in Japan, the company launched to the U.S.
Danggeun Market, the publisher of South Korea’s hyperlocal community app Karrot, announced it has raised $162 million in a Series D round of funding with a valuation of $2.7 The latest funding officially makes Danggeun Market a unicorn, with $205 million total raised. Canada and Japan. “We
A global game You might be surprised to learn that the U.S. has experienced inconsistent success on the global stage because of a lack of infrastructure, limited resources, and persistent gendered assumptions that hamper the development of womens baseball.
35% of nonprofits raised more money than they expected while 23% raised less. 32% raised what they expected.[ M+R Benchmarks Report ] Facebook fundraisers who are thanked by nonprofits during the fundraising campaign raise 35% more than those who are not. Global NGO Technology Report ] On average, posts reach 2.5%
Railsbank , the London-headquartered Banking-as-a-Service platform, has raised $37 million in new growth funding. Also participating is Anthos Capital, Global Brain, Clocktower Technology Ventures, Moneta VC, Mitsui Fudosan and Firestartr. Railsbank raises $10M Series A for its open banking and compliance platform.
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.
The round, led by the Qatar Investment Authority (QIA), follows last year’s $170 million raise. “Building a global farming network of our climate-resilient vertical farms is a core mission at Infarm, which is why we’re excited to announce this latest funding round,” co-founder and CEO Erez Galonska said in a release. .
Monday brings with it not one, but two space SPACS — there’s Rocket Lab , and there’s Spire Global, a satellite operator that bills itself primarily as a SaaS company focused on delivering data and analytics made possible by its 100-plus spacecraft constellation. NanoSatisfi Raises $1.2M
The founders wanted to address the issue in the consumer finance industry in Japan and launched SmartBank. Existing investors, including Global Brain, and ANRI, also participated in the round. In Japan, banks do not offer joint accounts for couples.
CADDi, a Tokyo-based B2B ordering and supply platform in the manufacturing and procurement industry, helps both procurement (demand side) and manufacturing facilities (supply side) by aggregating and rebalancing supply and demand via its automated calculation system for manufacturing costs and databases of fabrication facilities across Japan.
And the evidence comes today with the news that Xayn has now raised almost $12 million in Series A funding led by the Japanese investors Global Brain and KDDI (a Japanese telecommunications operator), with participation from previous backers, including the Earlybird VC in Berlin.
With both the quantum market in Europe and Japan growing quickly, Classiq is focusing its efforts on these geographies right now, in addition to the United States. If I had to name two, it would be Japan and Germany. Classiq raises $10.5M The company now has about 40 employees and is looking to scale that to 80 soon.
Akros just raised $2.3 million from Z Venture Capital , the corporate venture capital wholly owned by Z Holdings , which also owns the Japanese messaging app Line and internet portal Yahoo Japan. The latest funding, which brings Akros’s total amount raised to $6.1 In March, Akros raised $3.75
According to the Global NGO Technology Report , 47% of nonprofits purchased Facebooks Ads in 2019. According to the Global Trends in Giving Report , 32% of online donors gave through Facebook Charitable Giving Tools in 2020. Then, target a global, open audience. Of those, 89% said they would likely do it again.
Tailor , a Japan-based back-end enterprise resource planning (ERP) platform, said today it has raised $4.3 million in seed funding from Y Combinator and Global Brain. The company says approximately 70% of the software industry spend in Japan goes to building customized products.
While working as a software engineer in Japan, Singapore and San Francisco for the past 10 years, Ryo Chikazawa , CEO and co-founder of Autify , came to realize that there’s one common problem in the software development industry; software testing takes excessive time. The latest funding brings Autify’s total raised to $12.2
Today it announced it has added $10 million to its war chest in a Series A extension led by Tiger Global, bringing the round’s total to $20 million. Intellect describes this as “the largest venture round raised by any mental health company in Asia.” The first half of Series A was announced in January 2022.
The global thirst for an up-charged pair of Yeezy’s or limited edition Jordan’s combined with a growth in a digital ecosystem is creating new opportunities, particularly in the sneaker resale market, for companies like Kicks Crew , a Los Angeles- and Hong Kong-based sneaker and apparel platform. valuation in Series F raise.
Morai , which provides autonomous vehicle developers with automotive simulation tools to verify the safety and reliability of self-driving systems, announced today it has raised $20.8 million (25 billion KRW) in a Series B funding round as it wants to increase its global presence, specifically into the U.S., million (30 billion KRW).
As a marker of where it was prior to this round, in April of this year, when it raised $100 million , Thrasio was valued at $3.7 The company, founded in 2018, has now raised $3.4 One of the reasons it has raised so much in this round is to better target that global opportunity. Thrasio already has operations in the U.K.,
As the Israel-based startup announced today, it has now raised a $2.8 The service currently has users in Japan, Korea and Israel, but Tockus notes that she plans to use the new funding to expand its presence in the Asia-Pacific region. Image Credits: MagniLearn. Currently, MagniLearn’s product focuses on teaching English. .
AIMMO announced today it has raised $12 million in a Series A round to advance its data labeling technology and spur global expansions. The company expects its growth in 2022, with the global demand for the autonomous driving field continually increasing. The global data collection and labeling market size was valued at $1.6
According to eMarketer , Japan and Korea’s e-commerce markets were estimated at $144 billion and $121 billion, respectively, in 2021. The company plans to raise its Series A funding in June after completing acquisitions in the first half of this year, Lee noted. . Image Credits: eMarketer (screenshot). It’s only a matter of time.
Octopus will now launch as a brand in Japan with its trademark 100% renewable electricity operation, which uses an innovative AI and data-based platform to balance loads around the grid. by 50% (renewables in Japan in 2019 accounted for 18.9% Octopus will own 30% of the venture, with Tokyo Gas owning the majority. in the U.K.),
The South Korea and Japan-based startup automates front and backend processes including accommodation reservation, room management and front desk duties, and it will be using the funds to continue expanding its business. It entered Japan in 2017, for example, by acquiring several Japanese hospitality management companies.
The South Korea-based startup announced today it has raised an $18 million Series A led by returning investor Must Asset Management, at a valuation of $90 million. the United Kingdom, Japan, Australia and Singapore. China’s VIPKID, which links English tutors with online learners, raises $500M at $3B+ valuation.
The startup has raised $155 million at a $700 million valuation. Tiger Global is leading this round, with new backers Baleen Capital and Woodson Capital also participating, alongside Fasanara Capital and Ithaca Investments, which had backed Scalapay in its previous $48 million round earlier this year.
With this round, Ubie has raised a total of $76 million since its inception in 2017. Investors in the latest funding include Sogo Medical, AAIC Investment, Japan Impact Investment, Rakuten Capital, Shoko Chukin Bank, Japan Finance Corporation and Mizuho Bank. Japan’s health-tech Ubie wants to fuel its U.S
With their services more relevant than ever during the COVID-19 pandemic, the startup announced it has raised $14 million in new funding. John Brisco, co-founder and chief executive officer of Coherent, told TechCrunch that the startup has worked with more than 30 insurers in 10 global markets during 2020.
Others in the first tranche of this round included another carrier, Japan’s NTT Docomo, MS&AD Ventures (the venture arm of the global cyber insurance firm) and Dell Technology Capital, the VC arm of Dell. Verizon is not the startup’s only strategic backer. But then we saw that this was a big unserved market.”
On-orbit service and logistics startup Astroscale has raised a $51 million Series E funding round , bringing its total raised to date to $191 million thus far. Today’s funding was led by aSTART, and will be used to help the company continue to establish its global offices and increase the team to more than 140 people.
Terra Drone said today it has raised $14 million in Series C funding from Wa’ed Ventures , the venture capital arm of Saudi Aramco , marking the VC firm’s first investment in Asia. Terra Drone’s UT drone for inspection is certified as a ship inspection by the International Register of Shipping , the Japan-based startup said.
The new round of funding brings its total raised to $5.8 Lai said that another key specialization is its competitive shipping rates and steeper discounts that allow global brands to trial or test their products in a completely new market. . Peeba is bringing about the next stage of global retail innovation.
This February, Africa and emerging market-focused Nestcoin raised a pre-seed round to build, operate and invest in its web3 applications, including crypto content platform Breach Club and gaming guild Metaverse Magna (MVM). Nestcoin raises $6.45M pre-seed to accelerate crypto and web3 adoption in Africa and frontier markets.
UTEC currently has about $780 million in total assets under management, and says this makes it one of the largest venture capital funds focused on science and tech in Japan, and one of the largest deep-tech funds in Asia. I believe this will further help our startups expand to address the global issues of humankind.”.
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