Alibaba is about to get a jolt from its largest rival in Southeast Asia. Sea, the Nasdaq-listed business, is raising as much as $1.5 billion from a new share offering that’s sure to be funneled into its Shopee e-commerce business. Singapore-based Sea said in a filing that it plans to offer 60 million American Depositary […]
View More Sea is raising up to $1.5B for its Shopee e-commerce business in Southeast AsiaCategory: Singapore
Jupiter raises $23 million to tell businesses and governments how climate change will destroy them
Whether it’s by flood, fire, or the fury of a storm, climate-related catastrophes are now impacting most cities and towns across the country. As these natural disasters increase in frequency and severity, cities and the businesses that reside in them are mobilizing to understand how best to prepare for the climatological challenges they’re going to […]
View More Jupiter raises $23 million to tell businesses and governments how climate change will destroy themGo-Jek pulls in $100M more for its massive Series F round
U.S. ride-hailing giants Lyft and Uber are going public in the U.S. imminently, but over in Southeast Asia, the two largest on-demand companies are still madly fueling up on investment capital. The latest update to that story today saw Go-Jek, the Indonesian ride-hailing firm aiming to go regional in Southeast Asia, announced that it has […]
View More Go-Jek pulls in $100M more for its massive Series F roundRevolut CFO resigns following money laundering controversy
This hasn’t been a good week for challenger bank Revolut . The company, which offers digital banking services and is valued at $1.7 billion, confirmed today that embattled CFO Peter O’Higgins has resigned and left the business. The startup and O’Higgins have been under pressure after a Daily Telegraph report that revealed that Revolt switched […]
View More Revolut CFO resigns following money laundering controversyGo-Jek’s Get app officially launches in Thailand as Southeast Asia expansion continues
Go-Jek is extending its reach in Southeast Asia after its Thailand-based unit made its official launch, which included the addition of a new food delivery service. Get, which is the name for Go-Jek business in Thailand, started out last year offering motorbike taxi on-demand services to a limited part of Thai capital city Bangkok, now […]
View More Go-Jek’s Get app officially launches in Thailand as Southeast Asia expansion continuesSME lender Validus Capital raises $15M for expansion in Southeast Asia
SME lending was a hot topic in Southeast Asia last year, and companies continue to attract investor dollars in 2019. The latest to pull in capital of its own is Singapore-based Validus Capital, which today announced a SG$20.5 million (US$15.2 million) Series B that’ll go towards regional expansion. Founded in 2015, Validus is focused on […]
View More SME lender Validus Capital raises $15M for expansion in Southeast AsiaJapanese internet giant Recruit has a new $25M blockchain fund
Crypto market prices may be down significantly, but new investors continue to enter the blockchain space. The latest is Recruit Holdings, the $45 billion Japanese internet giant that owns Glassdoor among other things, which quietly launched a $25 million fund. The fund is based out of Singapore and it closed in November 2018, but its […]
View More Japanese internet giant Recruit has a new $25M blockchain fundVynn Capital snags investment from Malaysia’s MAVCAP for its maiden Southeast Asia fund
Vynn Capital, a new entrant to Southeast Asia’s startup ecosystem, is gearing up to close its maiden fund after it landed an undisclosed sum from Malaysia Venture Capital Management Bhd (MAVCAP) as one of its anchor LPs. Founded by former Gobi Ventures VC Victor Chua and Singaporean investor Darren Chua (no relation) one year ago, […]
View More Vynn Capital snags investment from Malaysia’s MAVCAP for its maiden Southeast Asia fundThailand’s Jitta raises $6.5M to develop an algorithm-powered wealth fund
Jitta, a Bangkok-based fintech startup, has announced a $6.5 million Series A round as it prepares to launch an investment fund for consumers in what would be a first for the Thai market. The deal is one of the largest Series A in Thailand for some time and it was led by Beacon Venture Capital, […]
View More Thailand’s Jitta raises $6.5M to develop an algorithm-powered wealth fundAmbitious Singapore startup Delegate wants to bring its event booking platform to the US
It’s not often that you hear about a startup from Singapore with ambitions to expand to the U.S, but that’s exactly the goal for event booking service Delegate. Founded in August 2015, the company aims to be a one-stop shop for booking an event, that covers corporate and professional functions, celebrations like weddings and more personal events […]
View More Ambitious Singapore startup Delegate wants to bring its event booking platform to the USMusiio raises $1M to let digital music services use AI for curation
Musiio, a Singapore-based startup that uses AI to help digital music companies with discovery and creation, has pulled in a $1 million seed round. The capital comes from Singapore’s Wavemaker Partners, U.S. investor Exponential Creativity Ventures and undisclosed angels. The deal represents the first outside round for Musiio, which was founded at the Entrepreneur First program […]
View More Musiio raises $1M to let digital music services use AI for curationGlobal investor SparkLabs launches a consultancy business for corporates
Global investor SparkLabs is adding another business line after it announced a new consultancy division that’s aimed at working with Fortune 500 companies and other global corporates keen to deepen their position in tech. Best known for its funds — which cover global deals, a crypto vehicle and a Korea-based fund — and over half a dozen accelerator programs worldwide, […]
View More Global investor SparkLabs launches a consultancy business for corporates