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

TechCrunch

Its fourth fund is focused on Malaysia and run by a separate team). Its team has grown to 35 people, with most based in Indonesia, but ACV also recently established Singapore and Malaysia offices. Fund V has already made five investments, including SkorLife , IDEAL and Atma. ACV recently hired Helen Wong as managing partner.

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

TechCrunch

Analysts attributed the muted performance of Socar’s debut day to an expensive valuation and slowdown in the IPO market that is reeling from the global economic downturn. The Korean car-hailing company has set up Socar Malaysia, a 79% stake owned by SK Inc, and launched services in Malaysia in 2018 and Indonesia in 2020.

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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. In total, Amber is used by 30,000 employees in Singapore, Malaysia, Indonesia and the Philippines. This brings inFeedo’s total raised since the U.S.-headquartered

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

TechCrunch

Canada, CIS Region, Malaysia, Indonesia and Argentina — with the startup offering proprietary localized content for each target region (although its users are spread across some 40 countries). Kodland’s remote courses for children aged 6-17 are currently available in the U.K., Ireland, the U.S.,

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Here are the 8 startups graduating from Chinaccelerator’s third class

The Next Web

The accelerator, founded by Cyril Ebersweiler and Sean O’Sullivan and now part of the Global Accelerator Network , got its start two years ago, graduating 6 startups in its first class and 9 in its second. They’re running a test in Malaysia and are gearing up to launch in Beijing soon.

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Una Brands launches with $40M to roll up brands on multiple Asia-Pacific e-commerce platforms

TechCrunch

Investors include 500 Startups, Kingsway Capital, 468 Capital, Presight Capital, Global Founders Capital and Maximilian Bitner, the former CEO of Lazada who currently holds the same role at secondhand fashion platform Vestiaire Collective. Una did not disclose the ratio of equity and debt in the round.

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​​Xpeng, Zeekr, and more enter Thailand, eye expansion across Southeast Asia

TechNode

Southeast Asia’s largest car producer and exporter, Thailand has also become a strategic location for Chinese automakers wishing to diversify their operations and reduce geopolitical risks, according to researchers from the Global Policy Institute. million by 2030, making the country a regional manufacturing hub for EVs.