Digital coaching platform CoachHub is expanding in Singapore after a $200-million funding while Singapore-based startup Morning announced raising $5 million in Series A. Silicon Valley-based Scale Asia Ventures has also launched a debut $30-million early-stage fund.
CoachHub raises $200m, eyes Singapore expansion
Digital coaching platform CoachHub is setting up a presence in Singapore as part of its Asia-Pacific expansion after raising $200 million in Series C funding.
The three-year-old startup said the funding round was co-anchored by SoftBank Vision Fund 2 and Sofina and participated by existing investors, including Molten Ventures, SVB Capital, HV Capital, Signals Venture Capital and Speedinvest.
CoachHub enables organisations to create a personalised, measurable and scalable coaching programme for the entire workforce, regardless of department and seniority level. Its global pool comprises over 3,000 certified business coaches in 70 countries.
In September 2021, CoachHub acquired French digital coaching pioneer MoovOne to build a company focused on jointly democratising coaching. It also acquired Austrian provider Klaiton Coaching.
Singapore startup Morning raises $5m in Series A
Singapore-based coffee technology startup Morning announced raising $5 million in a Series A funding round led by venture capital investor East Ventures.
The funding round also saw participation from zVentures, P9 Capital, Wee Teng Wen of The Lo & Behold Group and other existing investors, according to the announcement.
Morning, co-founded by specialty coffee pioneer Leon Foo, said it has sold thousands of its iconic IoT-enabled Morning Machines in almost 30 countries since its official launch in mid-2021. With the fresh funding, Morning plans to continue its global expansion over the next 12 to 18 months.
Scale Asia Ventures launches $30m early-stage fund
Scale Asia Ventures (SAV), a Silicon Valley-based venture capital investor, has launched its debut $30-million early-stage fund that will invest in enterprise-focused companies globally.
SAV, which commits to provide its portfolio with strong US and Asian market expertise, said the backers of its debut fund include institutional funds, prominent family offices and publicly-traded conglomerates in the US and in South Korea, Japan and Singapore.
The VC firm also revealed that it plans to raise an additional $100 million to fuel its portfolio with later-stage funding. Some of SAV’s existing portfolio companies include those in the enterprise software, lifesciences and biotech, and frontier technologies.
“SAV invests in technologies that bring intelligence to essential industries. Post-pandemic, we envision strong tailwinds for expat founders to build global businesses with distributed teams,” said SAV founding partner Wally Wang.