Funding

Equity crowdfunding goes private with FundedHere in Singapore
Equity crowdfunding platform FundedHere has been launched in Singapore to facilitate equity-based funding and venture debt for startups in the region from as low as S$5,000 (US$3,700) each, even as regulators in both Singapore and Malaysia look to facilitate such platforms.
FashionValet secures ‘multimillion-dollar’ investment from Elixir Capital
The husband-and-wife team behind Malaysia’s online shopping destination FashionValet has much to celebrate about, announcing a multimillion-dollar investment led by Elixir Capital, a global private equity firm based in Silicon Valley, California. The actual amount was not disclosed.
The funding floodgates open in SEA: The dangers therein
The large amounts of money pouring into the ecosystem can and will probably lead to large exits, but the problem is that local entrepreneurs and investors can and will get squeezed out, writes Justin Hall, who also provides some advice on how to prepare.
Property portal Lamudi raises US$19mil to grow in Asia, Latin America
Lamudi said it has raised €16 million (US$19 million) in investment to grow its operations in Asia and Latin America, after merging its businesses in the two regions to form one company, Lamudi Global.
DBS launches venture debt for tech startups in Singapore
DBS Bank has launched a programme to provide financing to tech startups, although it did not state how much capital is being set aside for this venture debt initiative.
99.co gets US$1.5mil, led by Eduardo Saverin, Sequoia Capital
Singapore-based startup 99.co has announced S$2 million (US$1.5 million) in funding, led by Eduardo Saverin, cofounder of Facebook, along with venture capital firm Sequoia Capital, its first seed investment in the Lion City. Other investors include entrepreneurs-turn-investors Ross Veitch, Royston Tay and Wu Wenxiang.
Australia’s Cobra invests US$1mil in Malaysia’s Wine Talk
Sydney-based Cobra Group has agreed to invest US$1 million in Wine Talk's business for a 20% equity stake, the Malaysian online wine delivery service company said in a statement.
Digerati50: Geek in a suit
Digital News Asia (DNA) concludes a weekly series that profiles the top 50 influencers, movers and shakers who are helping shape Malaysia’s Digital Economy. These articles are from Digerati50, a special print publication released in January 2014. For information on customised reprints of Digerati50, email [email protected]
Week in Review: Plugging gaps on road to Vision 2020
DNA founder Karamjit Singh sees a link to Malaysia’s Vision 2020 developed nation target in two of the stories DNA ran this week, both about efforts to plug specific gaps.
Japan’s Credit Saison invests in Singapore fintech startup MatchMove
Singapore-based MatchMove Pay announced that it has completed an investment round, with Japan’s Credit Saison as the lead investor. The sum was undisclosed.
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Digerati50 2018-2019

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