This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
Indonesia is one of the world’s largest fisheries producers, but the industry is very fragmented. Aruna announced today it has raised $35 million in Series A funding led by Prosus Ventures and East Ventures Growth Fund, with participation from SIG and returning investors including AC Ventures, MDI and Vertex Ventures. Series B round.
Even the largest landfills in Indonesia are at (or nearing) capacity , and the government has set an ambitious target of 30% waste reduction by 2025. Sustainability is the team’s main focus, with a demonstrated commitment to building a better future for Indonesia. Founded in 2014, Waste4Change has seen a CAGR of 55.1%
Backed by international LPs, Southeast Asia-focused venture firms like Alpha JWC , AC Ventures and Jungle Ventures raised their largest funds yet. And Indonesia in particular warrants special attention, as the fourth-largest economy in the world and the most populated Southeast Asian country with 273.5 million people.
Ajaib Group , an online investment platform that says it now runs the fifth-largest stock brokerage in Indonesia by number of trades, announced it has raised a $25 million Series A led by Horizons Ventures, the venture capital firm founded by Li Ka-Shing, and Alpha JWC.
The startup announced today it has raised a $2 million seed round, co-led by SOSV and Vectr Ventures. Hong Kong-based viAct helps construction sites perform around-the-clock monitoring with an AI-based cloud platform that combines computer vision, edge devices and a mobile app.
Zipmex , a digital assets exchange headquartered in Singapore, announced today it has raised $6 million in funding led by Jump Capital. Along with earlier funding, it brings the total Zipmex has raised so far to $10.9 The exchange is regulated in Singapore, Australia and Indonesia, and licensed in Thailand. million in funding.
Komunal is reaching out to Indonesia’s rural customers by going where they are. Founded in 2019, the startup announced today it has raised $8.5 Lieviant said they can also get government-guaranteed deposits with higher interest rates. Komunal raises $8.5M
The company is one of the largest VC–backed startups in Southeast Asia, having raised over $60M in funding. The final piece of my four-part guide to expanding a business into Asia is tailored more towards local startups and a big issue that affects many of them: raising funding from investors. Where are all of the VCs in Asia?
All fired up from my time in Indonesia, I thought, “Changing the world is so exciting! So flash forward to seven years later, I’ve worked full time at nonprofits and consulted part time with nonprofits, and I’ve raised a lot of money. Why do these fundraising books have to be so BORING?” Heather Davis, The Telling Room”.
Trukita has an extended network of over 10,000 trucks, and the combination of the two companies means it is “now one of the largest logistics technology providers in Indonesia,” said co-founder and chief executive officer Andree Susanto. to advance its push to digitize logistics in Indonesia. Waresix hauls in $14.5M
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.
Indonesia-based fintech Pluang announced today it has raised $20 million in a pre-Series B round led by Openspace Ventures, with participation from Go Ventures and other returning investors. Pluang’s latest round will be used to develop proprietary financial products to cover more asset classes, including government bonds.
The startup announced today it has raised an oversubscribed $3.8 In Indonesia, there are 33 million farmers and the majority are aged over 45 years. If nothing changes, within 10 years Indonesia will experience a farmer regeneration crisis.”. Eratani’s team. Image Credits: Eratani.
TaniHub Group , an Indonesian startup that helps farmers get better prices and more customers for their crops, has raised a $65.5 The new funding brings its total raised to about $94 million. Agritech startup TaniGroup raises $10M to help Indonesia’s farmers grow. million Series B. Rakuten and Beyond Next invest $1.4M
But in markets like Indonesia, many still use digital wallets or e-commerce platforms, creating alternative sources of user data that can help them secure working capital and other financial tools. Once it completes the program, it will be able to partner with more fintech companies in Indonesia, including bigger institutions.
The adoption of financial apps is surging in Southeast Asian markets like Indonesia , the region’s most populous country. It is currently partnered with Indonesia’s seven largest banks, covering more than 90% of the country’s bank accounts, and plans to expand into all Southeast Asia countries. The amount of funding was undisclosed.
Chinese electric vehicle maker BYD has launched a sale of its Hong Kong shares to raise up to $5.2 The deal adds to a sharp pickup this year in share offering momentum in Hong Kong, the preferred destination for Chinese companies looking to raise offshore capital, as investors bet on a possible recovery in China’s economic growth.
Dat Bike , a Vietnamese startup with ambitions to become the top electric motorbike company in Southeast Asia, has raised $2.6 More than 80% of households in Indonesia, Malaysia, Thailand and Vietnam own two-wheeled vehicles, but the majority are fueled by gas. Son Nguyen, founder and chief executive officer of Dat Bike.
The Sydney, Australia-based company announced today it has raised a $45 million AUD (about $34.8 Its Series D will be used to support growth in those markets, and enter new Southeast Asian countries, including Thailand, Vietnam, Indonesia and the Philippines. million USD).
Indonesia emerged as the best choice. Southeast Asia is already home to a thriving fintech scene, where Grab , GoTo and Sea have built super apps that encompass financial services, and startups like Xendit , Akulaku and Dana (to name a few) have raised hundreds of millions of dollars for payments, banking services and other financial tools.
Verihubs announced it has raised $2.8 ” The round led by Insignia Venture Partners, with participation from CCV (Central Capital Ventura, the investment arm of Bank Central Asia, the largest privately-owned bank in Indonesia), and Armand Ventures.
The startup announced today it has raised $2.8 Two of its largest markets are Indonesia and the Philippines. Doyobi has partnerships with educational platforms Leap Surabaya, Coderacademy and private schools like HighScope Indonesia, Mutiara Harapan Islamic School and Stella Gracia School.
BukuKas , a startup focused on digitizing Indonesia’s small businesses, has raised $50 million in Series B funding. This is not a capital-need based raise, but more of a tactical raise and having the right people back us long term.”. of Indonesia’s gross domestic product.
According to the World Bank, Indonesia produces 4.8 The Jakarta-based startup announced today it has raised an oversubscribed round of $5 million led by Openspace and SOSV. Octopus says that as of 2025, the Indonesian government will have spent $5.1 billion on creating a circular economy for more brands.
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.
About a year ago, it seemed like myself and other colleagues were writing story after story about spend management companies raising tranches of venture capital — remember Mary Ann’s roundup story from basically this same time last year? We’ve raised around $1.4 His answer: “I think eventually we will be a public company.
Temu is currently in talks with the Vietnamese government to resolve the issue. Governments are raising requirements on cross-border e-commerce, setting a raft of new policies in areas such as information disclosure, market competition, and consumer protection. Temu launched its Vietnam site in October. Yicai, in Chinese ]
One Impression, an Indian influencer marketing platform that does business in markets including Indonesia, Dubai, Europe and the U.S., has raised $10 million in a funding round led by the South Korean gaming company Krafton. “We’re bridging the gap between brands and creators.
Today, the Singaporean-based startup announced it has raised $10 million, with the goal of expanding its wireless laser communications system in Indonesia, India, the Philippines, Malaysia, Singapore and the United States. This brings Transcelestial’s total raised since it was founded in 2016 to $24 million.
Even the largest landfills in Indonesia are at (or nearing) capacity, and the government has set an ambitious target of 30% waste reduction by 2025 , reports Catherine. Legless for a while longer : We were promised legs, but now Ivan writes that it could be another year for any Meta leg-equipped avatars to appear in Horizon Worlds.
Based in London and Krakow, the startup announced today it has raised $5.5 This brings Airly’s total raised to $8.8 It also has networks of sensors in United Kingdom and Indonesia cities. Communities have used data collected by Airly to lobby local governments to take air quality action. “On million since March 2021.
Catherine Bashiama runs her fingers along the branches of the coffee tree she’s raised from a seedling, searching anxiously for its first fruit buds since she planted it three years ago. The government says companies can operate safely, but warned them to focus on business. When she grasps the small cherries, Bashiama beams.
Wavemaker Impact is planning to a raise $25 million for its first fund and is currently looking for founders. For example, deforestation is a major issue in Indonesia, as land is cleared for palm oil crops. Another one is direct-seeding rice crops , which can reduce carbon emissions but hasn’t been widely adopted by farmers yet.
Raising money for personal causes, and medical fundraising, in particular, is having a moment in places like India with crowdfunding websites like GlobalGiving’s partner, Impact Guru. And the government of Bangladesh announced plans for a nationwide mobile payments system by early 2018.This 1,171,000,000.
Gender equality is a cross-cutting and must not be considered as a single policy issue in the eyes of governments. Ranking gender-related data sources and evidence, policymakers said they most often use government data (79%), international data, such as from the UN (47%) and academic or research institution data (41%).
Other hard-hit countries will include Nigeria, Indonesia, the Philippines, Pakistan, Sudan, and Niger. Indonesia is already experiencing this, and has planned to relocate its capital city of Jakarta entirely rather than try to keep the water at bay. The Arctic is predicted to be practically ice-free during summertime.
While banks are dealing with the crisis kicked off by the failure of well-known, startup-friendly Silicon Valley Bank, upstart tech companies are still more than busy raising capital. However, it had previously secured a pledge for new funds if its SPAC deal fell through, capital that it has now raised. Deal counts have also been down.
Beam , a Singaporean shared micromobility operator, announced today that it has raised $93 million in a Series B round to accelerate growth into new countries in Asia. Singapore’s micromobility startup Beam raises $26 million. This article has been updated to reflect new information from Beam.
Investors shared how the buzz around the promising technology is revolutionizing investment paradigms, and how geopolitical tensions are impacting the expansion of AI companies and global data governance. Despite tensions, global collaboration is still ongoing in areas like open-source AI models and data governance.
Raise your hand if you have heard of or had at any point been inspired by Hillary Clinton. Raise your hand if you have heard of or have at any time been inspired by Lois Gibbs. Raise your hand if you have heard of or have been inspired by Vandana Shiva. We are a 3.5 So we have a wide mandate. I did not set off to do this.
The topic of data is a geeky subject, but exciting because in this era of big data and networks, our collective capacity for problem solving has never been greater. Data is transparent because of social media, data visualization, and open data from governments – all helping us to usher a remarkable period in human history.
The iPhone 16 might just finally be coming to Indonesia. Apple must invest $1 billion in Indonesia and train locals in the company's research and development to create their own products. Indonesia banned the iPhone 16 in October , following Apple's failure to meet its 1.71
Last week the government reported that the unemployment rate fell for the second straight month to a low 4%. David French, executive vice president of the National Retail Federation, warned the import taxes could raise prices for consumers. Still, hiring and wage growth have been steady, suggesting the economy is still expanding.
Lau relies on water and electricity to operate his thriving export business in Malaysia’s Johor province, where he raises a kaleidoscope of tropical fish in rows of aquariums, including albino fish with red spots that can fetch up to $10,000 from collectors. Winson Lau has always had contingency plans.
We organize all of the trending information in your field so you don't have to. Join 12,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content