For two months, the people of Hong Kong waited in suspense after China’s legislature approved a new national security law. The legislation’s details were finally made public yesterday and almost immediately went into effect. As many Hong Kong residents feared, the broadly written new law gives...
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(Exclusive) Blockchain-powered cross-border trade digitisation platform dltledgers in advanced talks to raise US$9M Series A
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Founder and CEO Samir Neji dltledgers, a blockchain-powered cross-border trade digitisation startup based out of Singapore, is in advanced talks to raise US$9 million in Series A round of investment, its Founder and CEO Samir Neji told e27. The startup is already “very close” to securing US$5...
Singapore’s Transcelestial raises US$9.6M Series A to ‘deliver a step-change in internet connectivity globally’
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Transcelestial team Transcelestial Technologies, a last-mile internet connectivity startup based out of Singapore, has announced a US$9.6M in Series A fundraise, co-led by EDBI and Wavemaker Partners. Also joined the round are Airbus Ventures, the VC arm of Airbus; Cap Vista, the strategic...
The coronavirus has wreaked havoc for startups around the world, with unprecedented employee layoffs and steep declines in startup financing. Global lockdowns are disrupting industries and altering consumer behaviour, with many of these changes likely to persist beyond the current...
In physics, inertia is defined as an object’s resistance to a change in velocity. Humans and businesses alike tend to resist change until they come up against an unstoppable force such as a really big object, a great stimulus, or, more recently, the COVID-19 pandemic. Many F&B...
NextBillion.ai, a 6-month-old startup founded by the brains behind Grab Maps, raises US$7M Series A
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NextBillion.ai Co-founders Gaurav Bubna (L) and Ajay Bulusu NextBillion.ai, an Artificial Intelligence-powered hyperlocal solutions startup in Singapore, today announced the completion of its Series A investment co-led by Lightspeed Venture Partners and Falcon Edge Capital. This brings the firm’s...
SEEDS Capital, the investment arm of Enterprise Singapore, along with other six co-investment partners, has unveiled its plans to invest US$36 million into maritime tech startups, Sea Trade Maritime has reported. The partners are Schultz Group’s capital arm Innoport, Kuok Singapore’s venture...
Ackcio raises pre-Series A co-led by Wavemaker for expansion of its wireless monitoring solutions
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Ackcio, a Singapore-based provider of wireless solutions for industrial monitoring, announced today the completion of its pre-Series A capital, co-lead by Wavemaker Partners, and Michael Gryseels, President of True Digital Group. Existing and new investors, including SEEDS Capital, AccelerAsia...
The NBA’s strategy of using luxury wearable devices to detect and prevent COVID-19 among basketball players looks awfully good on paper. It also torments us by both suggesting a techno-silver bullet as well as offering a view on how the rich and...
Mobile app development has become an actual topic for many businesses in Singapore and worldwide. Enterprises, startups, and SMEs use custom mobile apps to increase productivity, set business processes, acquire new customers, generate additional revenue — there are plenty of ways how a mobile app...
ICE71 (Innovation Cybersecurity Ecosystem at BLOCK71), Singapore’s hub for cybersecurity entrepreneurs and startups, has introduced the nine startups graduated from its accelerator programme, ICE71 Accelerate. These startups are focussed on the topic of the increasing cyber threats related to...
Grab puts partnership with scandal-hit German firm Wirecard on hold Grab said it has put a partnership with German payments company Wirecard on hold, days after it disclosed a US$2.1 billion financial hole, says a Reuters report. The two companies had signed an agreement in March under which...
Singapore Exchange-listed Yoma Strategic Holdings announced today that its wholly-owned subsidiary, Yoma Strategic Investments, has agreed to purchase all of Telenor’s equity stake in Vietnamese Digital Money Myanmar, which owns and operates mobile financial services platform Wave Money. The...
Singapore’s options trading platform Sparrow raises US$3.5M Series A led by BitMEX owner
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Sparrow, an options trading platform based in Singapore, has secured US$3.5 million in Series A funding, led by the HDR Group, owner and operator of crypto exchange BitMEX. Also participated in the round were Signum Capital, Du Capital, FinLab EOS VC. Kenneth Yeo, CEO of Sparrow, said: “Since...
Sparrow Exchange, a Bitcoin and Ethereum options trading platform based in Singapore, announced today it has raised $3.5 million in Series A funding. The round was led by HDR Group, the owner of cryptocurrency exchange BitMEX, with participation from Signum Capital, Du Capital and FinLab EOS...
Singapore’s Horizon Quantum raises US$3.2M to make quantum computing accessible to every developer
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Horizon CEO Joe Fitzsimons (L) and Chief Science Officer Si-Hui Tan Horizon Quantum Computing (HQC), a Singapore-based company developing programming tools for quantum computers, has raised a “seed-plus” round led by Sequoia India to increase its seed financing round to S$4.5 million (US$3.23...
These Kazakh startups are gearing up to dive into corporate innovation waters and beyond
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“If the government is for us, who can be against us?” Such is probably the case for the thriving startup ecosystem in Kazakhstan, what with the national government at the forefront of its growth. The mission has always been to give Kazakh startups a fighting chance to develop their products and...
Leow Ban Tat, Founder/CEO of ACE, posing in front of the Eco-Ark On Sunday, June 7, Singapore PM Lee Hsien Loong mentioned in his speech about the country’s plan to diversify its sources of food as a measure to tackle the challenges that might rise up in a post-COVID-19 pandemic world. Even...
Roundup: MAS shortlists 14 applicants for digital bank licences; iLex raises seed funding
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5 digital full bank, 9 wholesale bank contenders to move to next round SINGAPORE: Singapore’s central bank Monetary Authority of Singapore has shortlisted 14 applicants for up to five digital bank licences on offer. The shortlist, out of the 21 applications received, comprises five digital full...
As countries become more financially uncertain during the pandemic, venture debt and revenue-based financing are slowly turning out to become the go-to option. Genesis Alternative Ventures is one such private venture debt fund in Singapore which has experienced the escalation in requests from...
Roundup: Ryde launches cryptocurrency wallet; Techstars, EG to drive more investment into APAC
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Techstars, Aussie real-estate fund manager EG to drive more investment into APAC Techstars, a global platform for innovation and investment, and EG, an Australian real estate fund manager, have partnered to drive more investment and startup connections in the Asia Pacific region, with a focus on...
Reebelo, a Singapore-based site for refurbished electronics, raises $1.25 million seed round
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Reebelo, a Singapore-based marketplace for refurbished electronics, announced it has raised a seed round of $1.25 million led by June Fund, with participation from Antler. The new funding will be used for hiring, especially marketing and operations positions for customer service as the company...
Singapore’s visual recognition startup Gaze.ai snags US$830K in seed funding led by Anchorless Bangladesh
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Gaze.ai, a Singapore- and Bangladesh-based Artificial Intelligence startup, announced today it has raised US$830,000 in seed funding. Anchorless Bangladesh, a US-based VC firm investing in startups in the South Asian country, led the round. Existing angel investor Mohammad Maaz also...
Reebelo raises funding led by June Fund, Antler Reebelo, a Singapore-based online marketplace for pre-owned electronic items, has raised a seed round of funding led by June Fund with participation from Antler. The startup will use the funding to build a sustainable technology trading platform and...
ONE Championship Founder Chatri Sityodtong Singapore-based martial arts events broadcasting platform, One Championship, has secured US$70 million in funding from a group of undisclosed investors, according to various reports. The names of the investors were, however, not disclosed. Prior to this...
If there is one thing that is clear from the get-go, is that digitisation is here to stay, and the law industry has been taking on the ride for quite some time. According to a report by Tech Collective SEA, in 2017, Thomson Reuters announced a 484 per cent increase in global legal tech patents over...
As a follow up to the first episode of Meet the VC series, Investment Manager at Qualgro, Wanying Zhang shares her views on some burning questions from the webinar. A day in the life of a VC during COVID-19 It is really hard to describe what a ‘typical day as a VC’ looks like even before the...
Co-living operator Hmlet expands in Japan, appoints new CFO, CTO Hmlet, Singapore-operated co-living startup today announced it is adding 168 rooms within five new properties across Tokyo. The collection of properties is split into studios, private one-bedroom, and two-bedroom apartments,...
Singapore-based new protein startup Shiok Meats invests in Indian counterpart Evo Foods Singaporean cell-based meat company Shiok Meats has invested an undisclosed amount of funding in Evo Foods, according to Greenqueen. Terms of the investment were not disclosed. The India-based startup was...
Singapore-based personal finance app Fincy has secured US$11 million in fresh funding from its parent company GBCI Ventures, a venture building firm. Fincy plans to use the funding for building its presence in Singapore and accelerating its user base and infrastructure growth, first across...