Funding

China’s sovereign wealth fund backs GrabTaxi in US$350mil round
GrabTaxi Holdings Pte Ltd announced its largest ever funding – over US$350 million, from US technology investment firm Coatue Management LLC, China’s sovereign wealth fund China Investment Corporation (CIC), and Didi Kuaidi, a rival service also funded by CIC.
ST Telemedia enters big data space with investment in US-based Datameer
ST Telemedia said it was the lead investor in San Francisco, California-based big data analytics and visualisation company Datameer’s US$40-million financing round, with Top Tier Capital Partners joining in.
Singapore-based CloudDesk gets US$420K investment from NRF, IncuVest
CloudDesk Pte Ltd said it has closed a S$589,000 (US$420,000) round of funding from the National Research Foundation (NRF), through its Technology Incubation Scheme (TIS), and investment firm and incubator IncuVest.
Don’t get washed by liquidation preferences
Investors live and breathe term sheets and waterfall tables, and so things that might be simple for them to understand can be downright byzantine for most others, including entrepreneurs. Justin Hall gives some tips here – because if you’re not careful, you may end up with nothing.
‘Toolbox’ on Singapore startup ecosystem shows it’s soaring
Singapore, known as an Asian launchpad for multinational companies in the 1990s, is quickly becoming one for startups in the 2010s – at least, according to the Singapore Startup Ecosystem and Entrepreneurial Toolbox prepared by 500 Startups' Arnaud Bonzom.
Joel Neoh’s KFit raises US$3.25mil in Sequoia-led investment round
Regional fitness-sharing platform KFit, founded by entrepreneur and former Groupon international vice president for Asia Pacific Joel Neoh, said it has raised US$3.25 million in an investment round led by Sequoia Capital.
500 Startups’ Khailee Ng expects a ‘feeding frenzy’ in Asean
500 Startups’ Khailee Ng sees the beginnings of a feeding frenzy in South-East Asia, similar to what the Indian startup scene is experiencing today. His Distro Dojo accelerator is hoping to catch the wave, in partnership with Malaysia’s MaGIC, writes Karamjit Singh.
fastacash raises US$15mil Series B to fuel global expansion
Singapore-headquartered fintech startup fastacash has raised US$15 million in Series B funding from international investors, to be used to fuel its expansion ambitions.
Dating app startup Paktor lands US$7.5mil in Series B round
Singapore-based social dating startup Paktor Pte Ltd said it has secured Series B funding of S$10 million (US$7.5 million) from Majuven, Convergence Ventures, and existing investor Vertex Venture Holdings (a wholly-owned subsidiary of Temasek Holdings).
Go Far East, young startups: Microsoft Ventures China
If there is one thing that isn’t a problem for startups under the care of Microsoft Ventures’ accelerator programme in Beijing, it’s funding, says its director Frances Du.
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