Declout Ventures leads $4.5M investment in Charged Indonesia
Singapore-headquartered DeClout Ventures Pte. Ltd. has led a $4.5 million investment in Indonesia-focused e-mobility scale up Charged Indonesia, as part of their inaugural funding round. “Carbon emissions from traditional combustion motorcycles are one of the main sources of air pollution in Indonesia, and Charged Indonesia aims to improve this by leading the transition of combustion motorcycle […]
Grab rival Be Group gets $60M loan for Vietnam expansion – report
Vietnam-based ride-hailing start-up Be Group JSC said it had received a loan facility of at least $60 million, as it seeks to further challenge Grab Holdings Ltd in the country, Bloomberg reported on Monday. The loan from Deutsche Bank AG includes a provision that would allow financing to increase to as much as $100 million, Be Group chief executive […]
Singapore B2B commerce enabler Eezee raises $7.5m to expand across SE Asia
Eezee, a Singapore-based B2B procurement startup, revealed that it has raised $7.5 million in its Series A funding round that will fuel its further expansion in Southeast Asia. The funding round was led by Ayala Corporate Technology Innovation Venture Fund (ACTIVE Fund), one of Southeast Asia’s top corporate venture capital firms backed by Ayala Corporation and […]
Docquity, SE Asia’s social network for doctors, banks $44m in Series C financing
Docquity, Southeast Asia’s largest community of healthcare professionals, announced that it has raised $44 million in total in its Series C financing round, anchored by Japan’s Itochu Corporation. Itochu, which put in $32 million in the funding round, was joined by other investors, including iGlobe Partners, Alkemi, Global Brain, KDV, and Infocom. The Series C round brings […]
Vietnamese e-commerce retailer Coolmate receives $2.3m in Series A funding
Coolmate, a Vietnamese menswear brand that sells through its own e-commerce store, has raised an additional $2.3 million for its Series A funding round participated by GSR Ventures and Do Ventures, according to an announcement. Coolmate is the first Vietnamese startup to receive funding from GSR Ventures, a world-renowned early backer of unicorns including Advance Intelligence Group, Nium, Ele.me, and […]
Online used car retailer Carro posts record $464m revenue
Carro, Southeast Asia’s largest online used car retailer, announced that it more than doubled its revenue and gross profit to a record in its last financial year, achieving more than S$650 million ($464 million) in revenue. It is currently tracking at over S$1.3 billion in run-rate revenue and is poised to deliver another 2x growth in […]
Singapore’s Monk’s Hill Ventures leads Starboard’s $3.5m pre-Series A funding
Singapore-based venture capital (VC) investor Monk’s Hill Ventures has led the $3.5-million pre-Series A funding in Starboard, a platform for founders to start and run their companies globally. The funding round was also backed by Actium Partners, Iterative Capital, Bruno Poh (General Counsel, Lyte Ventures), Lelaina Lim (CFO, Eu Yang Sang International Limited), Michael Tor (Executive Director, UOB), Soh Gin […]
Tencent, Sony buy 30.34 percent stake in Japan’s FromSoftware for $260M
Hong Kong-based Tencent Holdings Limited and Japan-based Sony Group Corporation have acquired 30.34 percent stake in Japanese game developer FromSoftware for 36.4 billion yen ($259.48 million). FromSoftware parent firm Kadokawa Corporation said in a statement on Wednesday that it has issued FromSoftware shares to Tencent’ subsidiary Sixjoy Hong Kong Limit and Sony’s subsidiary Sony Interactive Entertainment Inc. Following the deal, Sixjoy […]
Japan’s oVice raises $32M Series B funding led by multiple investors
OVice, a Japan-based virtual office platform, announced Wednesday a 45 billion yen (around $32.5 million) Series B funding round led by a group of Japanese and overseas investors. The company said in a statement the investment puts the company’s total raised capital at $45 million. According to the statement, it plans on creating solutions that […]
Indonesian credit tech startup SkorLife scores $2.2M pre-seed funding
Indonesia-based credit tech startup SkorLife announced Monday that it has raised a $2.2 million pre-seed funding round from a group of high-profile investors. AC Ventures participated in the round, along with Saison Capital and an all-star list of angel investors in Asia, SkorLife said in a statement. The round’s angels include all the Co-Founders of OneCard (FPL […]