Global early-stage VC Antler enters Vietnam led by ex-Zalora country head Erik Jonsson

Landmark 81, Vinhomes Tan Cang, Ho Chi Minh City, Vietnam/Photo: CreateTravel.tv on Unsplash Global early-stage venture capital firm Antler on Tuesday announced plans to launch in Vietnam. Antler, which plans to start operations in Ho Chi Minh City, will ...

SG biotech firm Nuevocor raises $24m in oversubscribed Series A round

Source: National Cancer Institute/Unsplash Nuevocor, a Singapore-headquartered preclinical-stage biotech startup, has announced raising $24 million in an oversubscribed Series A funding round co-anchored by EVX Ventures and Boehringer Ingelheim Venture Fund (BIVF). EVX Ventures is a global VC that ...

Weekly Roundup: PH-based Yield Guild Games raises $4m and other SE Asia deals

Research Yield Guild Games, a Philippines-based online gaming guild that allows players to earn cryptocurrency rewards, has raised $4 million in a Series A funding round led by BITKRAFT Ventures, a gaming, esports, and interactive media-focused venture capital investor. ...

The Hive SEA looks to secure final close of seed fund at $18.3m by Q4 this year

The Hive Southeast Asia (The Hive SEA), which was selected by the Malaysian government for its Dana Penjana National (DPN) Programme, is targeting to make the final close of its seed fund at 75 million ringgit ($18.23 million) during ...

SG’s Venturi Partners makes $100m first close of India, SE Asia-focused fund

Nicholas Cator at DealStreetAsia’s Asia PE-VC Summit 2018 in Singapore. Photo: DealStreetAsia Singapore-based fund manager Venturi Partners has secured the first close of its India- and Southeast Asia-focused consumer fund at $100 million, the firm announced Thursday. The fund ...

Petronas ties up TM, Sime Darby Plantation for 2nd accelerator programme

Menara Berkembar Petronas, Kuala Lumpur, Malaysia. Photo by Vlad Shapochnikov on Unsplash Malaysia state-owned oil company Petroliam Nasional Berhad (Petronas) announced its collaboration with state-linked telecommunications firm Telekom Malaysia Bhd (TM) and plantation company Sime Darby Plantation Bhd for ...

Vertex Ventures, zVentures back Southeast Asia-focused crypto exchange Coinomo

FILE PHOTO: Representations of cryptocurrencies including Bitcoin, Dash, Ethereum, Ripple and Litecoin are seen in this illustration picture taken June 2, 2021. REUTERS/Florence Lo/Illustration/File Photo Coinomo, the company that runs the Southeast Asia-focused cryptocurrency exchange OMO, has secured an ...

Singapore real estate major CapitaLand sets up $37.8m innovation fund

Singapore-based real estate major CapitaLand Ltd has set up a S$50 million ($37.8 million) fund to spur sustainability-focused innovation in the built environment space. The CapitaLand Innovation Fund will invest the capital over five years. “The CapitaLand Innovation Fund ...

Corporates join institutional VCs in trying to fix Malaysian startups’ funding constraints

Kuala Lumpur, Malaysia. Photo by Kah Hay Chee on Unsplash For a few years now, large corporates in Malaysia, like their counterparts elsewhere in Southeast Asia, have been sensing the potential benefits of investing in external startups.

Singapore accounting software startup Osome raises $16m Series A round

Osome’s founding team: Anton Roslov, Victor Lysenko and Konstantin Lange. Osome, a Singapore-based startup that helps in digitalising accounting and compliance services for SMEs, has raised $16 million in a Series A funding round to fuel its international expansion. ...

Chinese alcohol distributor Baoyun bags over $94m led by Country Garden VC

Baijiu liquor in Zunyi, Guizhou Province, China. Photographer: Nelson Ching/Bloomberg Baoyun Group, a distributor of wines and whiskies in China, has raked in 600 million yuan ($94 million) in a Series A round of financing led by Country Garden ...

S Korean investor STIC beefs up venture deals in Vietnam, backs Coolmate

Nguyen Hue, Vietnam. Photo: Peter Nguyen/unsplash South Korea-based investment firm STIC Investments, which has a strong presence in Vietnam’s private equity space, is scouting for more venture deals to tap into the country’s fast-growing startup ecosystem.

Malaysia’s healthtech startup Naluri bags $5m in Series A funding

Naluri co-founder, CEO Azran Osman Rani Malaysia-based digital health service provider Naluri Hidup announced on Wednesday the closing of a $5 million Series A funding round. Besides the cornerstone investor, Singapore’s Integra Partners, other strategic investors who participated in ...

Singapore fintech startup BondEvalue raises $6m in Series A round

BondEvalue co-founders Rajesh Johar and Rahul Banerjee. BondEvalue, a Singapore-based fintech startup that operates a digital exchange for trading fractionalised bonds, on Wednesday announced raising $6 million in a Series A funding round led by MassMutual Ventures Southeast Asia ...

Indonesia-based fintech startup wagely raises $5.6m in funding

sagely founders wagely, a Jakarta-headquartered financial technology platform founded by former Grab and Tokopedia executives, announced that it has raised $5.6 million in its first funding round led by Integra Partners. The fundraising was also participated by ADB Ventures, ...

ING Labs spin-out Stemly nets $2.5m seed funding and other SE Asia deals

Research Software-as-a-Service (SaaS) startup Stemly, a spin-out of ING Singapore’s startup incubator, has secured $2.5 million in seed funding from Elev8, ING Ventures, and EDB New Ventures.

Temasek-backed fintech firm to acquire UK-based B2B payments platform

SINGAPORE — Singapore-based financial services platform Nium has announced the signing of a definitive agreement to acquire London-based business-to-business payment company Ixaris. The transaction is expected to close early in the third quarter of 2021, subject to customary closing ...

Malaysia’s Yinson, SG’s SMRT Ventures co-invest in autonomous vehicle startup MooVita

Malaysia-listed Yinson Holdings and SMRT Ventures, the corporate venture arm of Singapore’s public transport operator SMRT Corp Ltd, announced they will co-invest a “multi-million dollar amount” in Singapore’s autonomous vehicle tech startup MooVita. Lead investor Yinson, an energy infrastructure ...

Indonesia’s Alodokter raises fresh funding from MDI, Samsung Ventures

Alodokter co-founder and director Suci Arumsari (left) & co-founder and CEO Nathanael Faibis Alodokter, an Indonesian digital health platform backed by Softbank Ventures, announced that it has raised an undisclosed amount of funding from MDI Ventures and Samsung Ventures. ...

SG fantasy sports startup Beryllium raises $3m and other SE Asia deals

Research Beryllium, a Singapore-based fantasy sports development startup, has announced raising $3 million in a pre-Series A funding round led by venture capital investor Bullpen Capital.

Singapore VC Good Startup hits first close of protein fund at $25m

Good Startup Managing Partners Gautam Godhwani (left) and Jayesh Parekh (right). Source: Good Startup Singapore-based venture capital firm Good Startup has raised $25 million in the first close of its Good Protein Fund I that will be used to invest ...

Singapore-based VC firm iGlobe Partners closes latest fund at $100m

Soo Boon Koh, Founder and Managing Partner of iGlobe Partners. Singapore-headquartered venture capital firm iGlobe Partners has closed its iGlobe Platinum Fund III at $100 million seeking to back growth-stage tech startups in areas such as smart cities, synthetic ...

Indian health insurance startup raises $16m led by Tiger Global

NEW DELHI — Plum, a group health insurance startup, announced on Monday that it has raised $15.6 million in a Series A funding round led by New York-based investment company Tiger Global. The round also saw the participation of ...

SG’s Hmlet exits Australia after securing $6m lifeline from existing investors

Photo: Hmlet Troubled Singapore-based co-living startup Hmlet has shut down its Australia operations and filed for voluntary liquidation as it focuses on its core markets of Singapore, Hong Kong and Japan. Its exit from the Australian market was first ...

Hong Kong's Gaw Capital closes first growth fund at $430m

HANOI — Gaw Capital Partners has closed its first commingled growth equity fund, Gaw Growth Equity Fund I, at over $430 million, according to a statement. Excluding capital raised for co-investment deals, the fund closed at $332 million in ...

China’s Glory Ventures closes oversubscribed USD Fund II at $120m

Photo by Christina on Unsplash Glory Ventures, a cross-border venture capital (VC) firm that invests in China and Israel, announced on Monday that the firm has closed its second USD-denominated fund at $120 million to focus firepower on the ...

SE Asia Deal Review: Three megadeals lift startup funding to $3.25b in April, up 317%

Startups in Southeast Asia maintained their fundraising momentum in April, securing $3.25 billion worth of funding from at least 43 reported deals, up 317% from March, according to proprietary data compiled by DealStreetAsia.

These athletes have nerdy habits

1/21 SLIDES © Rob Prange/Shutterstock These athletes have nerdy habits The “jock” stereotype portrays athletes as eating, sleeping and breathing sports, but that’s not the case for every sports star. More and more athletes are proudly letting their nerd flags ...

Outlaw Gals Motorcycle Club NFTs Drops on Sept. 30, Holders Get Chance to Win a Harley Davidson

“Outlaw Gals Motorcycle Club,” a collection of biker girl NFTs, is set to be released on September 30. There are a total of 6,000 NFTs in the collection. Each OG “Outlaw Gals Motorcycle Club” NFT holder will get a ...

PH mobile healthcare startup zennya raises funding to expand footprint

Photo from zennya‘s social media page. zennya, Philippine-based mobile healthcare and medical last-mile logistics startup, has raised $1.2 million in its latest funding round backed by DayOne Capital Ventures, Foxmont Capital Partners, and Ignite House of Innovation.

Singapore-based firms turn to remote hiring amid tech talent crunch

SINGAPORE — Scouring for tech talent has long been a challenge for companies in Singapore, an island with a population of just 5.7 million. With more and more global and regional technology majors setting up a base in Singapore, ...

Singapore’s NextBillion.ai raises $6.25m from Microsoft’s M12 in extended Series A round

Artificial intelligence and robotics converge. Spatial data platform, NextBillion.ai, on Thursday said that it has raised an additional $6.25 million, as a part of its extended Series A funding round from Microsoft’s venture fund, M12. The startup had raised ...

Spacetech startup Agnikul raises $11m Series A funding led by Mayfield India

Photo: Bill Jelen / Unsplash.com Agnikul Cosmos Pvt Ltd, an IIT-Madras incubated spacetech startup, has raised $11 million in a Series A funding round led by venture capital firm Mayfield India. Mayfield India’s managing partner Vikram Godse will be joining the ...

Malaysian VC firms raise $164m under govt funding programme for startups

The Petronas Towers peek through palm trees. Kuala Lumpur, Malaysia. Eight Malaysia-based venture capital (VC) firms have raised 676 million ringgit ($163.58 million) under a government funding programme for the local start-up industry, a Finance Ministry unit said on ...

Malaysia’s iPrice Group secures $1.5m from Woowa Brothers and other deals

Research iPrice Group, the Southeast Asian e-commerce aggregator platform, on Wednesday announced raising $1.5 million from South Korean food delivery giant Woowa Brothers.

Southeast Asia’s VCs close five funds in Q1, another 55 continue to amass dry powder

An aerial view of Lau Pa Sat, Singapore. Photo by Fahrul Azmi on Unsplash Southeast Asia-based venture capital firms held a final close for five funds in the first quarter of this year, raising $694 million in total proceeds. The ...

SG Digest: Jim Rogers joins Life3 Biotech’s board; Aleta Planet and Fooyo establish JV

Singapore. Photo by Andrew Kow on Unsplash Renowned international investor Jim Rogers has joined the board of Singapore-based food tech company Life3 Biotech, while fintech firm Aleta Planet has formed a joint venture with SaaS solution startup Fooyo. Jim ...

SG’s HashMix raises $3m for cryptomining marketplace and other SE Asia deals

Research Singapore-based HashMix, a hashrate tokenisation company, on Tuesday, announced that it has raised $3 million in a funding round joined by HashKey Capital, Fenbushi Capital, Continue Capital, GBV, SevenX Ventures, Kenetic Capital, FBG Capital, LongHash Ventures, Morningstar Ventures, ...

Vietnamese blockchain-based game developer Sky Mavis raises $7.5m Series A

Vietnam-based blockchain game publisher Sky Mavis, the company behind the nonfungible token (NFT) game Axie Infinity, has raised $7.5 million in a Series A funding led by UK-based Libertus Capital, according to an announcement. Investors who participated in the ...

SEA Digest: Alice Labs raises $500k seed round; Sri Trang Gloves Thailand lists on SGX

Photo: Pixabay Singapore-incorporated Alice Labs has raised $500k in a seed funding round, while Sri Trang Gloves Thailand has made a secondary listing on the Singapore Exchange (SGX). Alice Labs raises $500k seed funding Alice Labs, a developer of ...

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