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The amount of the investment is not being disclosed, but Aldagram said it will use the funds to sharpen its focus on India, Thailand, the Philippines, Malaysia and other countries in the region. The investment comes in the wake of a bigger round that the startup raised in the summer of 2022, a $20 million Series A from MonotaRo and JAFCO.
Thomas Clayton has started and run numerous high-tech startups in Silicon Valley. The company is one of the largest VC–backed startups in Southeast Asia, having raised over $60M in funding. The process of raising money in Asia is very different from raising money in Silicon Valley and, frankly, it’s not nearly as easy.
HappyFresh , the on-demand grocery app based in Indonesia, announced today it has raised a $65 million Series D. Resurgent HappyFresh raises $20M for its online grocery service in Southeast Asia. It continues to operate in Indonesia, Malaysia and Thailand. learned from China’s tech giants.
Zenyum , a startup that wants to make cosmetic dentistry more affordable, announced today it has raised a $40 million Series B. This brings Zenyum’s total raised so far to $56 million, including a $13.6 ” Beam raises $80M as the dental insurer looks to keep up rapid historic growth.
The Singapore-based startup announced today it has raised $6.6 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. million in pre-Series B funding, led by Headline Asia. Jenfi absolutely stood out to us.
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.
With their services more relevant than ever during the COVID-19 pandemic, the startup announced it has raised $14 million in new funding. Based in Hong Kong, Coherent helps insurance providers go digital. Coherent will focus on China and emerging markets in Asia.
My co-founder, Amy, was hospitalized in Thailand after taking counterfeit medicine. Despite the company’s innovation, funding has been few and far between, as with many deep tech platforms with a significant focus on Africa. Alonge sees RxAll as a pioneer in the world of deep tech mixed with health tech.
The Singapore-based startup announced today it has raised a $12 million Series A to build out its B2B transactions platform. All of Tinvio’s existing investors—Sequoia Capital India’s Surge, Global Founders Capital and Partech Ventures—also returned for its Series A, which brings Tinvio’s total raised to $18.5 million seed round.
The tech boom in Southeast Asia isn’t just seeding a wave of new entrepreneurs building the next generation of unicorns, it’s also ushering young talent into the roles of first-time managers. Currently, its content looks more general, serving the emerging manager in tech, not the first-time manager handling a fintech startup during a pivot.
Peeba says the lack of B2B-focused online wholesale solutions and tech infrastructure hampered Asia’s antiquated B2B retail, wholesale market in business growth and new market entries during the pandemic. The new round of funding brings its total raised to $5.8 Wholesale marketplace Abound raises $22.9M.
The platform also uses AI-based tech to forecast purchasing needs by analyzing past data. Part of Food Market Hub’s Series A will be used to expand into Indonesia, Thailand and Vietnam. Freshket lands $3 million Series A led by Openspace to streamline Thailand’s food supply chain.
Founded in 2014, the company operates its business across Singapore, Malaysia, Indonesia, Thailand, Vietnam, and the Philippines. Singapore’s logistics tech startup Parcel Perform raises $20 million. Ninja Van raises $30M to build a regional logistics network in Southeast Asia.
With Grab’s announcement of its imminent Nasdaq listing and GoJek merging with Tokopedia to form tech giant GoTo , casual international observers could be forgiven for believing that Southeast Asia’s tech universe only comprises similar companies. Unsurprisingly, tech startup growth is booming as well.
The company announced today that it has raised a $70 million Series C led by Gobi Partners and SPIL Ventures, with participation from returning investor Inspire Ventures. This brings the company’s total raised so far to $109 million since it was founded in 2015. There are all these well-known players, like Waresix or even Kargo Tech.
Businesses, and the tech platforms that support their operations, had to adapt quickly to the pandemic. The Sydney, Australia-based company announced today it has raised a $45 million AUD (about $34.8 You’ll hear first-hand how some of the most successful founders and VCs build their businesses, raise money and manage their portfolios.
The Bangkok-based startup announced today it has raised $850,000 in an oversubscribed seed round led by Wavemaker Partners, with participation from Seedstars International Ventures, Wing Vasiksiri and Sasin Bangkok Venture Club. Many insurance companies in Thailand manage their agents using a combination of Excel, Line chats and phone calls.
As part of the deal, Proterra, which focuses on agri-tech, will invest up to $100 million in the facility, while Eat Just will invest $20 million. Alternative protein companies have raised a whopping $1.5 Singaporean startup Karana raises $1.7 Its investors include Khosla Ventures and Li Ka-Shing.
Intellect describes this as “the largest venture round raised by any mental health company in Asia.” Founder and CEO Theodoric Chew told TechCrunch that it decided to raise an extension instead of moving onto a Series B because the company is in a strong position and making revenue. Intellect’s platform has two components.
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 Docquity was created to help doctors collaborate in the same way, at scale, even if they live in different countries.
Doctor Anywhere , a startup that takes an “omnichannel” approach to healthcare, announced today it has raised $88 million SGD (about $65.7 The company’s Series C, which it claims is one of the largest private rounds raised by a Southeast Asian healthtech company, brings its total funding to more than $140 million SGD. . million users.
88% of dollars raised comes from 12% of an organization’s donors. 53% of Asia Pacific citizens donate to charity, with those in Thailand (71%) more likely to do so and those in Japan the least likely (16%). For every 1,000 website visitors, a nonprofit raises $612. S ource: Abila. Source: Blackbaud. Source: Boomerang.
Thomas Clayton has started and run numerous high-tech startups in Silicon Valley. The company is one of the largest VC–backed startups in Southeast Asia, having raised over $60 million in funding. I’ve seen so many Western tech companies burn cash on these guys with zero results.
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. Advanced rider assistance systems: Tech spawned by the politics of micromobility. Singapore’s micromobility startup Beam raises $26 million.
Igloo , a Singapore-based insurtech focused on underserved communities in Southeast Asia, announced it has raised a Series B extension of $27 million, bringing the round’s total to $46 million. The first tranche of $19 million was announced in March, and led by Cathay innovation with participation from ACA and returning investors OpenSpace.
Presently , Wapi Pay works with local banks and platforms in China, Indonesia, India, Japan, Malaysia, Philippines, Singapore, Taiwan, Thailand and Vietnam. Africa to Asia is a large trading corridor overlooked and underserved by tech today.
Carro , one of the largest automotive marketplaces in Southeast Asia, announced it has hit unicorn valuation after raising a $360 million Series C led by SoftBank Vision Fund 2. It also plans to expand retail services in its main markets: Indonesia, Thailand, Malaysia and Singapore. Where do cars go to die in Thailand?
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 Series E was led by Insight Partners , the venture capital firm known for its ScaleUp program to help tech companies accelerate their growth. Australia-based Employment Hero raises $45M AUD for its global expansion. “We After that, it plans to localize Employment Hero for Indonesia, Thailand, the Philippines, Hong Kong and Vietnam.
Founded in Singapore and Manila by Robertz, fellow Zalora alumni Jannis Dargel and former Grab lead product manager of maps Shrey Jain, Locad announced today it has raised $11 million in Series A funding led by Reefknot Investments , a joint venture between Temasek and logistics company Kuehne + Nagel. That is what Locad’s tech enables.
The company is headquartered in Japan, with operations in Malaysia, and plans to expand into Singapore, Thailand and Indonesia. This round brings Secai Marche’s total raised to about $3 million. “We Secai Marche’s logistics management tech is what differentiates it from other wholesaler platforms.
Thomas Clayton has started and run numerous high-tech startups in Silicon Valley. The company is one of the largest VC-backed startups in Southeast Asia, having raised over $60 million in funding. Ultimately, we were able to land three top developers — one from Thailand, one from Russia, and the overall hackathon winner from Korea.
Dable announced today that it has raised a $12 million Series C at a valuation of $90 million, led by South Korean venture capital firm SV Investment. ” Lee said it also has plans to transform into a media tech company by launching a content management system (CMS) next year.
The company announced Tuesday that it raised $3.8 Co-founders Kevin Lee and Kevin Chanthasiriphan both grew up in food families from Taiwan and Thailand, respectively, and met a decade ago while working at the same tech company. Immi is putting a healthy spin on instant ramen by going plant-based and offering more bold tastes.
The Taipei-based startup recently raised $1.5 million in seed funding from investors including SparkLabs Taiwan, Palm Drive Capital and content-tech unicorn Tezign, and will launch generative AI-powered features soon. Dipp also works with e-commerce enablers, or agencies that help brands distribute products across multiple channels.
TMYTEK recently raised a Series A+ round of about $10 million for products that make it easier to test 5G millimeter wave equipment. Co-founder and chief executive officer Su-Wei Chang told TechCrunch that it plans to raise a Series B next to develop and commercialize its base stations. and European market, he said. China trade war.
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 $15 million in Series B funding led by Kaizenvest, a private equity firm that focuses on the education space.
Is Southeast Asia about to hit an inflection point for tech startups? Four hundred million people in the region already use the internet, but by year’s end, one estimate suggests that 80% of the population over the age of 15 in Indonesia, Malaysia, the Philippines, Singapore, Thailand and Vietnam will be digital consumers.
Why it matters: Hozon Auto is the latest mainland-headquartered company to establish a base in Hong Kong as China hopes to create a high-tech megalopolis in its southern Greater Bay Area to rival Californias Silicon Valley. Hong Kong will provide a subsidy of up to HK$ 200 million ($25.6
" His GIG team scours the globe for "street corner"-style heroes, producing authentic stories about them while leveraging social media to create community and raise visibility and support for them. And presenting the Lytro Camera for best photo entry is Lisa Rose, executive director at PhotoPhilanthropy.
Bfree , a Nigerian credit management fintech, has embarked on global expansion after raising $1.7 Funds that participated in the latest round included 4Di Capital, Octerra Capital, VestedWorld, Voltron Capital, Logos Ventures and several other angel investors, bringing the total capital raised by the Lagos-based startup to $2.5
Snapchat’s parent Snap became the latest tech company to announce a huge round of layoffs, confirming ongoing rumors yesterday that it was cutting 20% of its global workforce , affecting at least 1,200 people. There’s a map for that. Zenly iPhone downloads for Japan on August 19, 2022.
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. PayHalal, which has received $4.5
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