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 […]
Facebook revamps its business tool lineup following threats to its ad targeting business
Facebook today is announcing the launch of new products and features for business owners, following the threat to its ad targeting business driven by Apple’s new privacy features, which now allow mobile users to opt out of being tracked across their iOS apps. The social networking giant has repeatedly argued that Apple’s changes would impact […]
Southeast Asia-focused Jungle Ventures announces $225M first close for its fourth fund
Southeast Asia’s funding boom is set to continue, with Jungle Ventures announcing today the $225 million first close of its fourth fund. Fund IV started raising in mid-May and is targeting a total of $350 million. The majority of its limited partners are returning from previous funds, and include Temasek Holdings, IFC (which put $25 […]
Is it so bad to take money from Chinese venture funds?
China is the second-largest source of venture capital in the world, and Chinese investors can bring value to foreign startups, but you need to study their expertise and how it can be useful for you.
Investors are doubling down on Southeast Asia’s digital economy
Southeast Asian tech companies are drawing the attention of investors around the world. In 2020, startups in the region raised over $8.2 billion, about four times more than they did in 2015.
Digital therapeutics startup Neuroglee raises $10M to help people with neurodegenerative conditions
Neuroglee Therapeutics, a startup developing digital therapeutics for people with neurodegenerative diseases, has raised a $10 million Series A led by Openspace Ventures and EDBI. The funding will be used to launch virtual neurology clinics and to support Neuroglee’s move to Boston. Other participants included Ramen Singh, the former chief executive officer of Mundipharma; Biofourmis […]
E-commerce aggregator Rainforest raises $20M just months after its last funding
Four months after its last funding announcement, Singapore-based e-commerce aggregator Rainforest has closed a $20 million pre-Series A round led by Monk’s Hill Ventures. Other participants included January Capital, Crossbeam Venture Partners, Amasia and Lo & Behold Group, along with returning investors Nordstar and Insignia Venture Partners. Rainforest announced in May that it had raised […]
Singapore-based caregiving startup Homage raises $30M Series C
Homage, the caregiving-focused startup, has raised a $30 million Series C led by Sheares Healthcare Group, which is wholly-owned by investment firm Temasek. Other participants included new investors DG Daiwa Ventures and Sagana Capital, and returning backers East Ventures (Growth), HealthXCapital, SeedPlus, Trihill Capital and Alternate Ventures. The new funding will be used to develop […]
Southeast Asia “omnichannel” health startup Doctor Anywhere gets $88M SGD
Doctor Anywhere, a startup that takes an “omnichannel” approach to healthcare, announced today it has raised $88 million SGD (about $65.7 million USD) in Series C funding. The round was led by Asia Partners, with participation from Novo Holdings, Philips and OSK-SBI Partners. It also included returning investors EDBI, Square Peg, IHH Healthcare, Kamet Capital […]