UMG Idealab, the venture builder and venture capital firm established by Kiwi Aliwarga, founder and executive chairman of Myanmar-based UMG Group of companies, recently announced that it had funded approximately 60 promising startups in Southeast Asia. Half of the funding went to Indonesian startups, with the rest spread across startups…Continue Reading
Ruangguru, the Indonesian educational technology startup with a focus on education-based services, confirmed on Thursday that it had raised US$150 million in a Series C financing round led by General Atlantic, a New York-headquartered private equity firm that manages approximately US$35 billion in assets globally, and GGV Capital, a California-based…Continue Reading
Two American celebrity-backed venture capital firms have participated in the extension of Kopi Kenangan’s US$20 million Series A funding round, the Indonesian coffee chain startup recently announced. Arrive, which is backed by American hip-hop artist Jay-Z’s Roc Nation, and Serena Ventures, the venture capital firm founded by American tennis champion…Continue Reading
Resdi, the Myanmar-based restaurant booking app startup, had recently gotten a US$25,000 investment from Phandeeyar Accelerator, the Yangon-based technology seed accelerator that offers training and funding for emerging startups. In an announcement by Phandeeyar, Resdi is just one of the many pre-seed and seed-stage Myanmar startups that the accelerator is…Continue Reading
Vietnam-based business-to-business (B2B) e-commerce startup Telio recently announced that it had secured US$25 million in a Series A funding round led by investment firm Tiger Global, which was founded by Charles Coleman in 2001 and manages US$4.4 billion worth of assets to date. Other participants of the fundraise include global…Continue Reading
Early-stage venture capital firm Kinesys Group, which has a focus on the startup ecosystem of Indonesia, recently announced that it intends to establish a fund of US$20 million aimed at supporting early-stage startups in Indonesia’s startup landscape, especially those active in the consumer retail space. Besides the announcement of its…Continue Reading
Singapore-based medical technology startup AWAK Technologies recently announced that it had secured US$40 million in one of Southeast Asia’s largest medtech funding round co-led by VIckers Ventures Partners, an international early-stage venture capital firm which counts life sciences and biotechnology as part of its portfolio of investments, and a major…Continue Reading
Singapore-based mobility solutions startup Neuron Mobility recently announced that it had secured a total of US$18.5 million in a Series A funding round led by early-stage venture capital firm GSR Ventures and Square Peg Capital, a Series A and Series B-focused venture capital firm that has made investments in Indonesia’s…Continue Reading
Singapore-headquartered fashion rental platform Style Theory, which is a startup that aims to make designer clothing and items accessible to everyone through its subscription-based apparel rental service, has successfully closed a Series B financing round in which it managed to raise a total of US$15 million in funds, it recently…Continue Reading
Bandung-headquartered social commerce platform startup Evermos recently announced that it had successfully closed an oversubscribed Series A funding round in which it managed to raise US$8.2 million in funds. Jungle Ventures, a Singapore-based early-stage venture capital firm that is one of the largest in Southeast Asia, led the funding round,…Continue Reading