After a significant pullback in funding in the fourth quarter (Q4) of 2015, mega-rounds lifted quarterly investment into VC-backed fintech companies globally by over 150%.
The South-East Asian startup scene is certainly booming but venture capitalists (VCs) in the region are just not keeping up, according to a report by Google Inc and Temasek Holdings.
Venture builder LaunchPad said it has secured US$6 million in funding to launch new tech ventures, invest in early-stage startups, and fund its existing startups.
Tagit said it has secured 'around S$12 million' in investment from the SRA Group, an IT company from Japan.
Global Rooms Ltd, which owns and operates the Nida Rooms hotel reservation system, announced it has secured equity investment of US$4.2 million, led by venture capital firms Convergence Ventures and CyberAgent Ventures.
All stakeholders in Indonesia’s digital economy – from corporates and the startup community, to the Government – need to embrace failure, urged Trade Minister Thomas Trikasih Lembong.
Despite months of down or flat funding rounds, the SEA ecosystem has shrugged off news of MOL Global’s delisting to power ahead with Ninja Van’s Series B funding, writes Karamjit Singh.
On today’s DNA segment of the Tech Talk show on BFM Radio, Karamjit Singh cast a wide net, prodded on by radio presenter Freda Liu!
With its latest investment into Singapore’s Garena, the Malaysian Government’s VC arm Khazanah Nasional is making bets on late stage startups, writes Karamjit Singh.
KL-based on-demand services startup ServisHero has raised US$2.7 million in a pre-Series A round led by Singapore-headquartered Golden Gate Ventures, with participation from Cradle Seed Ventures.