41 VCs commit to invest US$1.5B in VN startups by 2025
The investors include Altara Ventures, Golden Gate, Antler, Beenext, Cocoon Capital, and VinaCapital; As per DealStreetAsia research, local firms raised US$2.5B in 2021 compared to nearly US$380M in 2020.
Singapore’s crypto firm Amber raises US$300M Series C
The investors include Fenbushi Capital, unnamed crypto-native investors and family offices; The funding comes after it was reported earlier this month that Amber Group laid off “hundreds” of staff.
Alibaba co-founder in talks to offload stake worth US$260M in firm
The shares are equal to nearly 8% of Joseph Tsai’s total assets in the Chinese firm; Tsai is the third-largest shareholder after Japanese investor SoftBank and Alibaba co-founder Jack Ma.
Amazon faces US$280M suit from Vietnamese manufacturer
Gilimex says the US tech giant has scaled back orders after it already boosted capacity; Gilimex says it had already invested an eight-digit US dollar amount into manufacturing facilities after sealing the deal with Amazon.
Filipino social commerce startup SariSuki raises US$12.7M
The investors include Kickstart Venture, Openspace Ventures, SIG, GFC, and Foxmont; SariSuki is a community group buying platform for daily essentials and groceries.
Digital health-science firm Aktivolabs scores US$10M Series A
The investors include Mitsui, Adaptive Capital, and SEEDS Capital; The firm harnesses real-time digital health data elements in a low-touch, cost-effective manner with measurable actuarial and actionable value to life and health insurers.
Indonesia’s sharia SME lending firm ALAMI raises funding
The investor is Beneva, an arm of beauty company ParagonCorp; ALAMI has over 111,000 P2P investors involved in almost 10,000 projects across the nation.
AI-powered self-driving robot Clearbot raises funding
The investors include Alibaba HK Entrepreneurs Fund, Gobi Ventures, and Earth VC; Clearbot automates pollution recovery, surveillance and rescue, and goods delivery in urban waterways intelligently and without manpower.
Payoneer secures approval to expand payment offerings in Singapore
Once received, the payment institution license from the MAS enables the company to offer services such as mass payout and card offerings for companies located in Singapore, according to a statement.
“Consolidation and explosion”: SEA’s investors reveal 2023 trends
Some 2022 trends will remain relevant, but there are different ways that SEA startup investors want to seize these opportunities.
‘Focus on your north-star vision’: 30 startups speak of their learnings in 2022
What these Southeast Asian companies did do to weather the many crises that defined the year 2022 and remain relevant?
Hong Kong rolls out Asia’s first crypto ETFs
Its new ETFs CSOP Bitcoin Futures and CSOP Ether Futures track cash-settled Bitcoin futures contracts and Ether futures contracts traded on the Chicago Mercantile Exchange.
Web2 vs Web3 people: Disruption amid decentralisation as blockchain goes mainstream
Mainstream adoption has resulted in professionals and experts from different industries wanting to transition to Web3.
How great leaders embrace uncertainty and ambiguity
Repeated exposure to high levels of uncertainty can throw entrepreneurs on an emotional rollercoaster, potentially impacting their mental and physical health.
How to combat festive season fraud with ease
The effects of fraud can be devastating for businesses, from reputational costs to loss in revenue, says Nick Stipp, VP and GM (Asia Pacific) for Ekata, a Mastercard company.
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