Cradle Fund has signed on six new partners, raising another RM52mil for its co-investment funds, which now total RM159.2mil (US$37.7mil).
KL-based accelerator and early-stage investor 1337 Ventures has announced a partnership with Convergence Ventures, Baidu Indonesia and Gobi Partners to bring its Alpha Startups bootcamp to Indonesia.
Thai online fashion marketplace WearYouWant said it has secured a final round of Series B funding, an undisclosed sum from Singapore-based Sebrina Holdings.
Singaporean fintech startup Call Levels has raised an undisclosed pre-Series A from Indonesian conglomerate Lippo Group, following a US$500K round it landed last November.
NEXT Academy has raised US$300K in a pre-seed round that would accelerate its goal of teaching a million people in South-East Asia coding and growth hacking skills over the next five years.
Belazee has raised its pre-Series A funding and aims to strengthen its tech platform and deepen its presence in the five countries it is currently in.
500 Startups has made its first ever investment in Myanmar, pumping in an undisclosed amount into Yangon-based startup Bindez, which operates an information search engine and ‘discovery platform.’
The Indonesian Government is in the process of drafting a roadmap to address six key areas, with one of them looking at opening up the e-commerce sector to foreign investors.
2015 was a year of progress for the Malaysian tech ecosystem, especially when it came to startups, but whether the good news outweighed the bad is debatable, according to the panellists at the first Digital News Asia (DNA) Disrupt monthly networking event of 2016.
2015 was marked by challenges, but saw major developments on the startup front 2016 might be a year of consolidation, aggregation and rationalisation for startups IT’S January 1, and while some of us are suffering from hangovers, most of us will be setting out New Year’s resolutions and looking ahead.