Vietnamese accelerator ThinkZone announces its latest cohort
Vietnam’s accelerator ThinkZone has announced five startups that will attend its latest cohort.
As part of the three-month programme, the startups will receive investments and support packages from corporates, including US$50,000 each. Other perks include US$15,000 Wifi & DOOH marketing support from Goldsun Media Group, US$10,000 cloud computing services from Amazon, and US$5,000 TVC marketing support from FPT Play, three months’ workspace at Toong Coworking space, and 2000 credits for recruiting support from TopCV.
During the programme, ThinkZone will also connect the startups with mentors and successful founders from Silicon Valley.
The 5 startups are –
iSalon: An app for spa scheduling, hair care, hair advice and discounts for customers. It also helps spas optimise the number of customers, analyse customers characteristics and come up with marketing strategies.
Bluecare: An online platform that allows users to schedule healthcare services for babies, postpartum women, the elderly, and family members at the hospital with trained and qualified experts.
Housecare: A platform that allows users to find support for household tasks quickly.
Hachium: An education-based SaaS platform that helps professionals, teachers and schools create an online training system in just 10 minutes with features like student management, curriculum management, interactive communication and exercise assignment.
Airiot: A compact IoT product that applies Big Data to sensor and analyse data of electricity consumption in home appliances
Singaporean P2P lending platform Funding Societies secures US$40M Series C
Funding Societies, a P2P lending platform, has raised US$40 million in a Series C round of funding, says a TechInAsia report.
The round was led by new and existing investors, along with an unnamed bank.
The platform, also known as Modalku in Indonesia, originally intended to utilise the fresh funds in new initiatives, however, due to market uncertainty caused by COVID-19, the original plans have now been scaled down.
“We realised that with COVID-19 on the horizon and with quite a bit of work we have to do to bring [the platform] to profitability, it wasn’t something that we could invest resources on,” Funding Societies’s Co-founder Kelvin Teo said.
Lightspeed raises over US$4B to support early-stage startups
Lightspeed Venture Partners has raised over US$4 billion for its three new funds to support early-stage companies, according to YourStory.
The three funds, Lightspeed Venture Partners XIII, was closed with US$890 million, Lightspeed Venture Partners Select IV with US$1.83 billion, and Lightspeed Opportunity Fund with US$1.5 billion.
“Our global portfolio, which spans China, India, Southeast Asia, Europe, and the US, gives us a view on everything that affects startups, ranging from early regional economic trends to spotting similar opportunities and enterprises seeking new product needs across geographies,” said Ravi Mhatre, Partner at Lightspeed Venture.
Mhatre added the company will support startups and entrepreneurs in its seed, Series A and growth stage.
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Image Credit: ThinkZone
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