Ninja Van, a Singapore-based logistics startup, has closed a $578 million Series E round to support its operations infrastructure and technology systems growth. Investors include China’s Alibaba Group as well as existing investors DPDgroup’s GeoPost, Facebook co-founder Eduardo Savering’s B Capital Group, Monk’s Hill Ventures, and Zamrud, a sovereign wealth fund controlled by Brunei, based on its […]
Crypto asset management platform Cobo bags $40M Series B
Cobo, a Singapore-based crypto asset management platform, raised a $40 million Series B to accelerate the development of decentralized finance as a service (DFaaS). The round was co-led by DST Global, A&T Capital and IMO Ventures. The company will use its proceeds for the development of DeFi as a service (DFaaS) infrastructure and its existing […]
Niio announces $15M Series A following strategic partnership with Samsung Displays
Niio, a Tel Aviv-based digital art platform featuring work ranging from contemporary artists and galleries through to NFTs, announced today it has closed $15 million Series A funding in the wake of a strategic partnership with Samsung Displays, announced last week. The round was co-led by L Catterton, a joint venture between LVMH and Catterton, Entrée Capital […]
NEX raises $25M, launches Active Arcade to get people moving
There is a physical activity deficit in our world. Three fourths of adults say staying in shape is very important for health benefits. Yet, one in four adults and 81% of adolescents are insufficiently physically active, according to the World Health Organization. Even before COVID-19, less than 24% of children 6 to 17 years of […]
Business Canvas, a Korea-based document management SaaS company, closes $2.5M seed round
Business Canvas, a South Korean document management SaaS company behind Typed, announced today it has raised a $2.5 million seed round led by Mirae Asset Venture Investment, with participation from Kakao Ventures and Nextrans Inc. The seed round will be used for accelerating product development and global launch of open beta for its AI-powered document […]
Pakistan edtech startup Maqsad gets $2.1M pre-seed to make education more accessible
Taha Ahmed and Rooshan Aziz left their jobs in strategy consulting and investment banking in London earlier this year in order to found a mobile-only education platform startup, Maqsad, in Pakistan, with a goal “to make education more accessible to 100 million Pakistani students.” Having grown up in Karachi, childhood friends Ahmed and Aziz are […]
Vietnam-based CoderSchool gets $2.6M pre-Series A to scale online course platform
CoderSchool, a Ho Chi Minh City, Vietnam-based online coding school startup, announced today $2.6 million in pre-Series A funding to scale up its online coding school platform. This round was led by Monk’s Hill Ventures, with participation from returning seed investors Iterative, XA Network and iSeed Ventures. CoderSchool raised a seed round led by TRIVE […]
Chinese crackdown on tech giants threatens its cloud market growth
As Chinese tech companies come under regulatory scrutiny at home, concerns and pressures are escalating among investors and domestic tech companies including China’s four big cloud companies, BATH (Baidu AI, Alibaba Cloud, Tencent Cloud and Huawei Cloud), according to an analyst report. Despite a series of antitrust and internet-related regulation crackdowns, the four leading cloud […]
Epic Games asks Apple to reinstate Fortnite in South Korea after new law
Epic Games has asked Apple to rejoin its Fortnite developer account in South Korea as the U.S. game maker plans to re-release Fortnite on iOS in South Korea, offering both Epic and Apple payments side-by-side, it said in a tweet. Epic has asked Apple to restore our Fortnite developer account. Epic intends to re-release Fortnite […]
Teatis, low-sugar superfood powders developer for diabetics, closes seed round
A serial entrepreneur Hiroshi Takatoh recognized the need for convenient and nutritious food for critically ill consumers after losing his late wife to cancer. Takatoh founded Teatis, a plant-based sugar blocking superfood powder for diabetic consumers, in 2017 in stealth mode and went fully operational in April 2021 by teaming up with a group of […]