The Xendit team
Payment infra unicorn Xendit banks US$300M
Investors include Coatue, Insight Partners, Accel, Tiger Global, Kleiner Perkins, EV Growth, Amasia, and Intudo Ventures; The funding will be used for Thailand, Malaysia and Vietnam expansion and to add new services like working capital loans.
Luna, UST investors in South Korea plan to sue Terraform founder
LKB & Partners, one of the country’s top law firms, will reportedly sue Do Kwon on behalf of investors; The law firm will also seek to seize Kwon’s property and may file a case against Terraform co-founder Daniel Shin.
Jungle Ventures closes US$600M Fund IV
Investors are Temasek, IFC, FMO, DEGto, Mizuho Bank and StepStoneGroup; It will invest in 15-18 firms across India and Southeast Asia; The fund has already backed Timo, Sleek, Atomberg, Medici, Desty, Eveworld, Mio, and inFeedo.
Carousell drops SPAC deal talks with L Catterton amid shaky stock market
The blank-cheque company failed to reach an agreement with the online marketplace; In January, the two companies in January were reportedly in talks for a SPAC merger deal that would value the joint entity at US$1.5B.
Sequoia delays close of US$2.8B India, SEA fund amid Zilingo probe
Sequoia’s limited partners agreed to invest in the fund in April; However, a recent development has supposedly surfaced that would require disclosure to investors; Sequoia’s largest fund for India and SEA will reportedly close by the end of the year.
Antler to invest US$100M in Southeast Asia’s early-stage startups by 2025
The funding is expected to fuel the expansion of more than 300 new companies in SEA over the next four years; Antler has invested in over 127 companies, including XanPool, Reebelo, Appboxo, Sampingan, Airalo, and Homebase.
Japan’s SBI to launch US$75M digital fund with NTU, Kyobo
The joint fund will back digital technology and digital platform companies in their pre-Series A and Series A stages; Fund recipients should ideally be working on digital transformation in Southeast Asia and South Asia.
Tokocrypto-BRI Ventures accelerator invests US$40M in participating startups
The Tokocrypto Sembrani Blockchain Accelerator investees include VC Gamers, nanobyte, and Avarik Saga; It is part of the multi-dimensional TokoVerse by Tokocrypto created to bolster blockchain technology adoption in Indonesia and beyond.
Coins.ph cashes in US$30M in Series C led by Ribbit Capital
It plans to use the funds to boost its Web3 ecosystem for its SEA expansion; The fundraise comes after the firm was sold by Gojek for around US$200M; Coins.ph said it has 16M users.
Singapore Web3 startup NodeReal bags US$16M from Sky9 Capital
NodeReal aims to help developers, Web3 firms, and large Web2 apps with blockchain infra using scalable and efficient solutions; It can maintain system stability in an environment of millions of daily transactions and increased user access.
Hong Kong VC Betatron’s new fund hits first close at US$15M
BVG IV is looking to raise a total of US$50M to back companies in industries like logistics, healthcare, commerce, and construction; It will make initial investments of US$500K-US$2M in seed to Series A rounds.
Pitik nets US$14M Series A to provide automation solutions to Indonesia’s poultry farmers
Investors are Alpha JWC Ventures, MDI Ventures and Wavemaker Partners; Pitik facilitates real-time farm monitoring and instant issue identification through its algorithm; It plans to expand in all of Java this year and expand to other islands in 2023.
Sequoia’s Surge leads US$7.4M round of Unravel Carbon
Alpha JWC, Amasia, XA Network, Rebel Fund, and GFC also co-invested; Unravel Carbon focuses on helping Asian companies track and reduce their carbon emissions, with a specialization in Scope 3 carbon emissions.
Ex-Traveloka execs’ job platform nets US$6.3M
Investors include Sequoia Capital and General Catalyst; Pintarnya helps blue-collar workers to find relevant job opportunities based on their skill sets and location; It also works with employers to select suitable applicants.
Singapore F&B startup Oddle raises US$5M pre-Series B led by Altara Ventures
Oddle helps F&B owners optimise their operations through its features; Its O2O offerings include QR ordering systems, reservation systems, as well as payment terminals and e-shop solutions.
NFT-backed crypto loan startup Pine raises US$1.5M in seed round
Lead investors are Sino Global Capital, Amber Group, and Spartan Group; Pine is a lending and borrowing protocol built on multiple blockchains to facilitate asset-backed financing.
East Ventures backs Indonesian career development firm’s seed round
MySkill provides several solutions to help users in developing their careers; Its offerings include an e-learning platform to enhance their skills, private mentoring with experts, and job discovery features. The firm currently has 700K+ registered users.
Singapore insurtech startup Anycover raises US$450K
Investors include Powerhouse Ventures, 1337 Ventures, Walter de Oude, and Khairil Abdullah; Anycover provides API solutions for small and medium-sized merchants to help them run their own extended warranty programmes.
SG high court issues landmark ruling to block sale of NFTs
The court sided with a local complainant to block any potential sale and ownership transfer of a Bored Ape Yacht Club NFT that he previously owned; This decision comes after a UK court reportedly recognised NFTs as private property in a theft case.
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