eFishery secures US$200M
Indonesia’s aquaculture company eFishery has raised US$200 million in its Series D funding round led by Abu Dhabi-based global fund manager 42XFund.
Malaysian public sector pension fund, Kumpulan Wang Persaraan (KWAP), Switzerland-based asset manager responsAbility, 500 Global, Northstar, Temasek, and SoftBank also joined.
The funds will be used to expand the eFishery farming community, targeting to engage over 1 million aquaculture ponds in Indonesia by 2025 and increasing the transactions of fish feed and fresh fish on the platform. The goal is to export fully traceable, chemical-free and antibiotic-free shrimp to international markets.
NEU Battery Materials scores US$3.7M
NEU Battery Materials, a Singapore-based lithium-ion battery recycling startup, secured US$3.7 million in an oversubscribed seed funding round led by SGInnovate.
ComfortDelGro Ventures, Shift4Good, Paragon Ventures I, and other angel investors also joined.
These funds will accelerate the deployment of NEU Battery Materials’s automated recycling line, which will lower operational manpower requirements. It will also develop partnerships in key global markets to support their battery requirements and forge new direct partnerships with electric vehicle OEMs and battery manufacturers to further the adoption of its technology within the transport and mobility sector.
Antler names Agung Bezharie as Partner
Singapore-based early-stage venture capital firm Antler has appointed Agung Bezharie Hadinegoro as a Partner.
Hadinegoro will spearhead Antler’s investment strategy and operations in Indonesia. This aligns with Antler’s plans to invest in over 30 Indonesian companies in 2023.
Hadinegoro brings over a decade of entrepreneurial and venture capital experience. Before joining Antler, he co-founded and headed Warung Pintar, a digital platform that connects micro retailers with suppliers (manufacturers, distributors, wholesalers). Warung Pintar, backed by East Ventures, SMDV, Vertex Ventures, and OVO, was acquired by SIRCLO Group in 2022.
Before Warung Pintar, Bezharie contributed to organisations such as East Ventures and Global Entrepreneurship Program Indonesia, where he actively empowered aspiring entrepreneurs by providing them with the necessary resources, funding, access to mentorship, and networking opportunities to flourish in the competitive business landscape.
NodeFlair gets US$2M in Series A
NodeFlair, a Singapore-based career advancement platform for tech talents, received US$2 million Series A funding.
Iterative led the funding round with participation from 500 Global and PERSOL VENTURE PARTNERS, HR management group PERSOL’s corporate venture capital arm.
Prominent angel investors Quek Siu Rui (CEO & Co-founder of Carousell), JJ Chai (CEO & Co-founder of Rainforest), and Siew Kum Hong (Former COO of AirBnB China) also participated in the funding round.
The new funding will be used to accelerate product development, expand into new markets across Southeast Asia, and grow the team. NodeFlair aims to reach profitability by 2024.
Stag raises US$600K
Vietnam-based financial education startup Stag was selected to participate in the inaugural Entrepreneur-in-Residence (EIR) programme managed by Viet Capital Ventures (VCV), including an investment in the startup.
Alongside VCV, NH Securities Vietnam Co. Ltd. (NHSV) and Singapore-based Resolution Ventures also invest in a seed funding round for the company.
This year, with the funding, Stag plans to continue enhancing financial education features while also launching new value-added products for retail and corporate users. It also plans to enhance KYC and security features and complete technology integrations with key strategic partners.
Furthermore, Stag is actively seeking collaborations with universities and educational organisations to promote and raise awareness of financial literacy in Vietnam.
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