VENTURE CAPITAL

Indonesia bill payment startup Ayoconnect raises US$5m in pre-Series B round

INDONESIAN fintech company Ayoconnect has raised US$5 million in a pre-Series B funding round from investors including BRI Ventures, the corporate venture capital arm of Indonesia's Bank BRI;...

Chinese VCs sanguine on Asean despite Covid-19 and geopolitical headwinds

THE inflow of venture capital (VC) from China into South-east Asia may slow down this year, but interest is likely to remain robust into the long-term, given the region's accelerated digital...

StashAway raises US$16m in Series C round led by Square Peg

ROBO-ADVISER StashAway has raised US$16 million in its Series C funding round led by Square Peg Capital, a venture capital firm based in Australia.

Talent investor Entrepreneur First builds nine startups in seventh Singapore cohort

DEEP-TECH talent investor Entrepreneur First (EF) has produced its seventh cohort of nine companies from Singapore amid the pivot to virtual interactions as a result of the pandemic.

Antler invests US$1.5m in 15 new startups

STARTUP generator and early-stage venture capital firm Antler has invested US$1.5 million in 15 new companies. The startups hail from Antler's fourth Singapore programme and recent initiative to...

Singapore plant-based meat startup Karana closes US$1.7m seed funding

KARANA, which is set to launch "pork" made from organic jackfruit this year, has closed its seed funding round with US$1.7 million, the Singapore-based startup announced on Thursday.

Cybersecurity startup Aiculus raises US$670,000 led by Cocoon Capital, angel investor

AICULUS, a Singapore-based software security provider, has raised US$670,000 in a seed funding round led by early-stage venture capital firm Cocoon Capital and an angel investor.

Total disclosed PE and VC deal value down 65% in Q1: EY

PRIVATE equity (PE) and venture capital (VC) activity in South-east Asia was sluggish in the first quarter of 2020 amid the Covid-19 pandemic, though investments in some segments are expected to...

Total disclosed PE and VC deal value down 65% in Q1: EY

PRIVATE equity (PE) and venture capital (VC) activity in South-east Asia was sluggish in the first quarter of 2020 amid the Covid-19 pandemic, though investments in some segments are expected to pick...

US Big Tech builds appetite for startup pie in South-east Asia

US tech giants have made some recent high-profile investments into South-east Asian startups, the latest being Google's plans to join Indonesian e-commerce player Tokopedia's funding round, which...

Wireless laser communications startup Transcelestial snags US$9.6m from EDBI, Wavemaker

SINGAPORE-BASED deep tech startup Transcelestial has raised US$9.6 million in a Series A funding round co-led by EDBI, a Singapore government investment firm better known for later-stage...