Singapore B2B commerce enabler Eezee raises $7.5m to expand across SE Asia
Eezee, a Singapore-based B2B procurement startup, revealed that it has raised $7.5 million in its Series A funding round that will fuel its further expansion in Southeast Asia. The funding round was led by Ayala Corporate Technology Innovation Venture Fund (ACTIVE Fund), one of Southeast Asia’s top corporate venture capital firms backed by Ayala Corporation and […]
Docquity, SE Asia’s social network for doctors, banks $44m in Series C financing
Docquity, Southeast Asia’s largest community of healthcare professionals, announced that it has raised $44 million in total in its Series C financing round, anchored by Japan’s Itochu Corporation. Itochu, which put in $32 million in the funding round, was joined by other investors, including iGlobe Partners, Alkemi, Global Brain, KDV, and Infocom. The Series C round brings […]
Vietnamese e-commerce retailer Coolmate receives $2.3m in Series A funding
Coolmate, a Vietnamese menswear brand that sells through its own e-commerce store, has raised an additional $2.3 million for its Series A funding round participated by GSR Ventures and Do Ventures, according to an announcement. Coolmate is the first Vietnamese startup to receive funding from GSR Ventures, a world-renowned early backer of unicorns including Advance Intelligence Group, Nium, Ele.me, and […]
MedGenome secures $50 million in funding led by Novo Holdings
MedGenome, a Bengaluru-based genomics research business, has raised $50 million in a strategic investment round headed by life sciences investor Novo Holdings. Other current investors, including LeapFrog Investments and Sofina, also participated in the round. The cash will be used to expand the startup’s geographical impact beyond South Asia into Africa and the Middle East. […]
Online used car retailer Carro posts record $464m revenue
Carro, Southeast Asia’s largest online used car retailer, announced that it more than doubled its revenue and gross profit to a record in its last financial year, achieving more than S$650 million ($464 million) in revenue. It is currently tracking at over S$1.3 billion in run-rate revenue and is poised to deliver another 2x growth in […]
Recruitment platform Kula bags $12 mn in seed round led by Sequoia, Square Peg
Recruitment automation platform Kula has raised $12 million in a seed fundraising round headed by Sequoia Capital India and Australia-based Square Peg Capital. Existing investors Venture Highway, Together Fund, and some angel investors also participated in the round. The company raised about $2.7 million within the six months following the pre-seed announcement, bringing the total […]
Singapore’s Monk’s Hill Ventures leads Starboard’s $3.5m pre-Series A funding
Singapore-based venture capital (VC) investor Monk’s Hill Ventures has led the $3.5-million pre-Series A funding in Starboard, a platform for founders to start and run their companies globally. The funding round was also backed by Actium Partners, Iterative Capital, Bruno Poh (General Counsel, Lyte Ventures), Lelaina Lim (CFO, Eu Yang Sang International Limited), Michael Tor (Executive Director, UOB), Soh Gin […]
Tencent, Sony buy 30.34 percent stake in Japan’s FromSoftware for $260M
Hong Kong-based Tencent Holdings Limited and Japan-based Sony Group Corporation have acquired 30.34 percent stake in Japanese game developer FromSoftware for 36.4 billion yen ($259.48 million). FromSoftware parent firm Kadokawa Corporation said in a statement on Wednesday that it has issued FromSoftware shares to Tencent’ subsidiary Sixjoy Hong Kong Limit and Sony’s subsidiary Sony Interactive Entertainment Inc. Following the deal, Sixjoy […]
Japan’s oVice raises $32M Series B funding led by multiple investors
OVice, a Japan-based virtual office platform, announced Wednesday a 45 billion yen (around $32.5 million) Series B funding round led by a group of Japanese and overseas investors. The company said in a statement the investment puts the company’s total raised capital at $45 million. According to the statement, it plans on creating solutions that […]
Men’s lifestyle brand Villain announces cricketer Hardik Pandya as its Brand Ambassador
Villain, the men’s lifestyle brand, a division of India’s fastest unicorn Mensa Brands, named Hardik Pandya as its brand ambassador two days after his on-field exploits helped the Indian men’s cricket team defeated Pakistan in the Asia Cup 2022. Hardik joins the company to advertise their high-quality, long-lasting, and powerful scents. The brand’s newest release, […]