Resolution Ventures makes first close of US$20M fintech fund, targets early stage startups
Aiming to invest in 25 companies, Resolution Ventures seeks startups that are building solutions with local and international applications; The fund is backed by an international community of fintech-interested institutions, family offices, experienced finance executives, and successful entrepreneurs.
Why GoImpact believes that education is the key to promoting ESG investment
Investing in climate tech has become increasingly popular; GoImpact believes in the importance of making informed decisions. The company raised a Series A funding round that brought its valuation to US$22 million.
LottieFiles raises US$37M in Series B funding to launch new solutions for global users
LottieFiles builds a JSON animation file format that enables designers to ship animations on any platform as easily as shipping static assets. In February last year, LottieFiles announced the acquisition of India-based design asset marketplace Iconscout.
Searching for gold in the silver economy: A venture capital perspective
A huge pot of gold can be found in the silver economy globally and in Asia, this article by Michelle Ng of Quest Ventures aims to identify the key opportunities for venture capitals.
Axie Infinity hack reminds us about the vulnerabilities in crypto markets: Advance.AI’s Ravi Madavaram
Businesses should conduct KYB and KYT verifications on top of eKYC to prevent crypto hacks and fraud, he says in an interview with e27. Such incidents will affect users’ trust and confidence in P2E games, but recovery is possible if businesses invest in security measures and are transparent about these to their users.
Female entrepreneurs in Southeast Asia raised over 17 per cent of all private funding in 2021
Despite the encouraging growth in funding, some efforts to funnel more money into female-run companies through Gender Lens Investing (GLI) projects are being met with “pinkwashing” accusations. This negativity is causing reluctance from some venture capitalists (VCs) to back female entrepreneurs, according to the report.
Tech giants expand support for ‘a passwordless world’
Apple, Google and Microsoft plan to implement capabilities that will allow users to sign in to websites and applications without a password. As noted in a joint press release, password-only authentication can create security issues that span industries – leading to account takeovers, data breaches and disrupted services.
Unusual Ventures just closed a US$485M fund by promising hands-on (full-time) help
Unusual invests in only 12 or so companies each year, writing initial checks of between US$2 million and US$10 million initially at the seed or pre-seed stage where the firm can be the first institutional money a startup raises. One “opportunistic” investment it made was a check into the security operations company Artic Wolf Networks, which has filed confidentially for an IPO.
MoneyMatch an equity partner in KAF Investment-led digital bank consortium, targets US$10M Series B raise
Consortium aims to target underserved MSME segments neglected by incumbents. It is ramping up investments in tech, upgraded financial infrastructure and business development.
‘Bored Ape’ unicorn raises US$320M by selling virtual land in its metaverse
The virtual real estate buying frenzy over the weekend reportedly was so intense that it crashed the Ethereum network and sent fees on the blockchain system soaring.
The land sale offered buyers the chance to buy a plot in the Otherside metaverse for around $5,800, plus transaction fees.
Insurtech startup Turtlemint bags US$120M as valuation tops US$900M
Insurtech startup Turtlemint has raised US$120 million led by Amansa Capital, Jungle Ventures and Nexus Venture Partners, the company said on Friday. The online platform for buying insurance has closed the current financing round at a US$900-950 million valuation, said a person in the know.
Blockchain game Apeiron raises US$10M in Hashed-led funding round
Developed by Foonie Magus, the game has now raised over US$17 million at the close of their seed round for the new play-and-earn NFT god game Apeiron. The company received US$3 million from pre-seed investment, US$10 million from seed investment, and US$4.5 million from NFT sales, putting them at over US$17.5 million in total.
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