There’s a mismatch of investment and entrepreneur focus in SEA’s climate tech: Steve Melhuish
SEA will bear the brunt of climate change in future and it represents a US$2.7T climate-tech opportunity but the region gets virtually no attention today.
Wavemaker Partners closes Fund IV at US$136M
Anchor investors are Pavilion Capital, Temasek, IFC, and Vulcan Capital; In Nov 2021, Wavemaker launched Wavemaker Impact; Teaming up with Enterprise SG, the firm aims to work with at least 12 climate-tech companies over the next three years.
Cake DeFi launches US$100M venture capital arm for global startups in Web3, gaming, fintech
By the time of the firm’s launch, Cake DeFi Ventures has already invested in tech, media and events startup The Edge Of Company; It is currently in talks with a number of startups in Southeast Asia (SEA), the US, and Europe.
Web3 is going to redefine labour in Asia in a big way: Animoca Brands’s Yat Siu
Web3 will also create new tax revenues for countries like India and the Philippines and allow them to participate in the global economy.
Una Brands to invest US$100M into South Korea
For this, it has partnered with its local counterpart KlickBrands; Together, they will help companies across categories such as health, K-beauty, and home and living grow domestically and expand into SEA markets such as Indonesia, Malaysia, and Thailand.
Employment platform Multiplier raises UD$60M Series B
Investors include Tiger Global and Sequoia India; A SaaS platform, Multiplier allows employers to hire anyone, anywhere in a few clicks using its workflow automated compliance, payroll, and payment platform.
Voice AI startup AI Rudder nets US$50M Series B to add new languages, expand globally
Investors include Tiger Global, Coatue, Cathay Innovation, First Plus, VenturesLab, Sequoia India, and Huashan Capital; AI Rudder helps businesses solve B2C communication challenges across banking and finance, fintech, insurance and e-commerce.
SG collaborative workspace firm Atlan raised US$50M Series B
Investors include Salesforce Ventures, Insight Partners, and Sequoia Capital India; Atlan makes working with data easier by providing a virtual hub for assets; It enables teams to create a single source for all data assets and collaborate through tools like Slack.
Regulation tech firm Silent Eight nets US$40M in HSBC-backed Series B round
Investors include TYH Ventures, HSBC Ventures and Wavemakers Partners; Silent Eight’s system uses data for investigations into money laundering and terrorist financing activities; Its AI-powered tech also enforces economic sanctions and investigates all other financial crime risks.
Tiger Global leads US$20M Series B extension of Singapore’s Cialfo
Cialfo is a SaaS firm that simplifies the career exploration and college search process by connecting high schoolers, counsellors, and colleges; It charges annual subscriptions for education institutions while keeping the platform free for students.
Jio Health bags US$20M Series B to expand on-demand home care services in Vietnam
Investors include Heritas Capital, Fuchsia Ventures, Kasikorn Bank, and Monk’s Hills Ventures; Jio Health’s technology encompasses telemedicine, e-prescription fulfilment, digital medical records, and machine-learning for clinical decision support.
Igloo closes US$19M Series B, promotes Raunak Mehta as Co-Founder and CEO
Investors include Cathay Innovation, ACA and Openspace Ventures; In line with its ‘Insurance for All’ vision, Igloo will focus on the underinsured low to mid-income population segments in Southeast Asia.
E-signature firm EthSign attracts US$12M seed funding
Investors include Sequoia India, Mirana Ventures, Sequoia Capital, and Sequoia China; EthSign has built a decentralised e-signature service for securing contract agreements; It will also launch EthSign Smart Agreements, a customisable escrow framework for contract execution.
PoS financing solution firm AwanTunai bags US$8.5M
Investors include IFC, Global Brain, and Insignia Ventures; The firm is also raising debt financing as part of Series A3; AwanTunai offers affordable inventory purchase financing, integrated online ordering, inventory management to wholesalers and micro-merchants.
Tickled Media raises US$8M from LINE Corp
It had last raised US$2M from SCB10X in Nov 2020; The digital parenting platform reaches over 1.2M mothers in SEA, with content available in 13 languages; Its brands are theAsianparent, HerStyleAsia, AsianMoneyGuide, and NONILO.com.
TraktorHub, WebTrace merge to form Quipster to serve construction, logistics, mining industries
An online rental and sales marketplace, Quipster will also provide IoT solutions, integrated asset management and financial/insurance products; Both WebTrace and TraktorHub are backed by Prasetia Dwidharma.
Taiwanese data mesh firm Canner raises US$3.5M in pre-Series A
Investors include Taiwania Capital, Hive Ventures, and SparkLabs Taipei; Canner helps convert business-facing data to application-ready data; Its platform simplifies building next-generation applications on cloud data warehouses.
Ex-Facebook execs’ message management firm Cooby gets funding
Investors are Sequoia India’s Surge and Pear VC; Cooby is a conversation management tool; It helps sales management teams with syncing data, analytics services, and setting up a WhatsApp work number.
With a US$2M funding in tow, Protenga wants to innovate the food system with insects
The venture debt facility came from a syndicate of Singapore-based investors; Protenga is ready to develop its next-generation production facilities and introduce its pet food brand YumGrubs.
Indonesian e-commerce enabler Opaper bags US$1M
Investors include London-based Ratio Ventures and US-based OnDeck and Precursor Ventures; Opaper allows business owners to set up online stores, manage their inventory, and accept payments; It has so far onboarded 19K+ online sellers.
ASTAR healthtech startup spin-off Respiree bags US$3.4M seed funding
Investors include Oriza Greenwillow Technology Fund, Seeds Capital, and She1k; Respiree developed cardiopulmonary sensors that are integrated into its virtual care platform; The devices can track clinical deterioration more efficiently.
SG blockchain firm Gamepay scores US$1.2M in pre-seed funding
Investors include Seier Capital and 8i Holdings; Gamepay provides a platform for developers to launch P2E games; Later this month, the company will launch a non-fungible token marketplace for its own P2E game, Chickey Chik.
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The post Ecosystem Roundup: Climate change — is it all talks and no action in ASEAN?; Cake DeFi launches new US$100M web3 fund appeared first on e27.