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 […]
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 […]
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 […]
Indonesian credit tech startup SkorLife scores $2.2M pre-seed funding
Indonesia-based credit tech startup SkorLife announced Monday that it has raised a $2.2 million pre-seed funding round from a group of high-profile investors. AC Ventures participated in the round, along with Saison Capital and an all-star list of angel investors in Asia, SkorLife said in a statement. The round’s angels include all the Co-Founders of OneCard (FPL […]
98point6 Raises Over $20M in Funding
98point6, a Seattle, WA-based on-demand virtual primary care company, raised over $20 million in funding. Backers included existing investors L Catterton (Growth Fund), and Activant Capital. The company intends to use the funds to continue to expand operations and its business reach. 98point6 is a digital health company committed to building a path to integrated, optimized care that […]
HumanQ Raises $2M in Seed Funding
HumanQ (formerly known as Experiential Insight), a San Francisco, CA-based provider of a live video platform for group coaching, raised $2M in Seed funding. The round was led by Kindred Ventures with participation from notable angels including Toast CFO Elena Gomez, Natus Medical CHRO Lisa Paul, Google Head of Engineering Dinesh Chahlia, and several others. […]
RiskSmith Raises $1M in Pre-Seed Funding
RiskSmith, a US-based provider of an app that offers a professional-grade portfolio toolkit for individual investors, raised a one-million-dollar pre-seed funding. The round was led by Mercury Digital Assets. The funding will accelerate product expansion and growth via strategic partnerships for RiskSmith. Led by Co-Founder Dr. Richard Smith, RiskSmith provides individual investors with professional-grade portfolio […]
ALLOY ANNOUNCES $52 MILLION IN ADDITIONAL SERIES C
Alloy, the New York-based company behind an operating system that helps banks and fintechs make better identity and risk decisions, has raised $52 million at a $1.55 billion valuation. Lightspeed Venture Partners and Avenir Growth led the funding with participation from Canapi Ventures, Bessemer Venture Partners, Avid Ventures, and Felicis Ventures. Over 300 companies use […]