Singapore-domiciled digital payroll platform Skuad has raised $15 million in a Series A funding round that will further drive its global expansion, according to its press release. The announcement did not disclose the lead investor in the funding round but ACRA filings accessed by DealStreetAsia – DATA VANTAGE showed that the round was anchored by… Continue reading Go-Ventures leads $15m funding in digital payroll platform Skuad
Author: Deal Street Asia Online News
Indonesian startup Crewdible raises new funding led by Bukalapak
Indonesia’s micro-warehousing startup Crewdible has raised $3.2 million in a new investment round, according to regulatory filings. Indonesia-listed e-commerce major Bukalapak led the round with an investment of $1.5 million. The funding was made through a Singapore-registered special purpose vehicle (SPV). Go to Source
SG-headquartered sneaker brand Cariuma raises fresh funding from East Ventures, others
Cariuma, a Singapore-headquartered direct-to-consumer sneaker brand, has raised around $16.5 million in a Series A funding round backed by venture capital investor East Ventures, according to ACRA filings accessed by DealStreetAsia – DATA VANTAGE. ACRA filings only reflect the equity funding received so far in a round and the overall funding round could be larger… Continue reading SG-headquartered sneaker brand Cariuma raises fresh funding from East Ventures, others
Excited about Twitter deal despite overpaying, says Musk
Elon Musk on Wednesday said he was excited about his pending acquisition of Twitter Inc, although he and other investors were overpaying for the social media company. Musk, the chief executive of Tesla, was answering a question during a call after the electric vehicle maker’s quarterly report. The world’s richest person is pursuing the Twitter purchase after earlier trying to back out of the $44… Continue reading Excited about Twitter deal despite overpaying, says Musk
GoTo mulls options to raise capital amid expected selloff once IPO lock-up endsThe selloff in GoTo, after the lock-up period is lifted, will increase …
Indonesia-listed tech major GoTo is said to be working on multiple options, including a convertible bond issue, private placement, and an initial public offering (IPO) in the US market, as it seeks to raise fresh capital, according to sources familiar with the matter. The need to accelerate its fundraising efforts comes as it stares at… Continue reading GoTo mulls options to raise capital amid expected selloff once IPO lock-up endsThe selloff in GoTo, after the lock-up period is lifted, will increase …
VinaCapital Ventures looks to launch second $100m fund next year
VinaCapital Ventures, the VC arm of Vietnam-based asset manager VinaCapital, plans to launch its second $100-million fund, which will focus on providing growth capital, next year. Trung Hoang, partner at VinaCapital Ventures, said during the firm’s investor conference recently that the new vehicle will look at writing cheque sizes of up to $10 million at… Continue reading VinaCapital Ventures looks to launch second $100m fund next year
Dealmaking has slowed but enough capital available to back good cos: Avendus
Despite a palpable slowdown in funding amid uncertain economic conditions, financial services group Avendus Capital is not necessarily worried. “We believe this is an opportune time to back market-leading businesses. We have a very active pipeline of interesting deals in healthcare and IT services that we are currently evaluating,” Ritesh Chandra, managing partner of Avendus… Continue reading Dealmaking has slowed but enough capital available to back good cos: Avendus
VCs, founders in Pakistan call for profitability focus amid funding slowdown
2021 was a game-changing year for the nascent Pakistani startup ecosystem, which saw a record $350 million in fundraising across 81 deals. This sum was more than what the country’s startups garnered in the previous six years combined. However, that momentum was cut short in 2022 as the global and domestic macroeconomic uncertainty, coupled with… Continue reading VCs, founders in Pakistan call for profitability focus amid funding slowdown
FMO proposes $15m investment in Cambodian MFI Amret
Dutch development bank FMO has proposed to invest another $15 million in Amret Plc, the second-largest microfinance institution (MFI) in Cambodia, according to a disclosure. If approved, the investment will be FMO’s eighth in Amret since August 2013. So far, the Dutch lender has invested a total of $117.98 million in the Cambodian MFI. It… Continue reading FMO proposes $15m investment in Cambodian MFI Amret
JPMorgan launches fundraising platform, appoints Qian as SE Asia ECM chief
JPMorgan Chase & Co is launching a platform that aims to connect startup founders with venture capital investors to simplify the fundraising process, the bank told Reuters. The new platform, Capital Connect, focuses on serving the financing needs of startups from their early stages, marking the ambition of the biggest U.S. bank by assets to further expand into the private market and… Continue reading JPMorgan launches fundraising platform, appoints Qian as SE Asia ECM chief