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Vietnam’s Nexttech Group sets up US$10 million funds for early-stage startups
The main purpose of the fund is to provide coaching for startup founders so they can raise larger rounds of capital from other local and international investors.
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HOMI Smart Home raises US$1.3M seed funding
The Singaporean startup provides internet-of-things home products and services catered to the needs of the Asian market.
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Digital-wealth technology firm Bambu raises US$10M Series B funding
Following the fund injection, Bambu will be building up teams in key global markets and expanding product offerings.
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Food-tech firm Nutrition Technologies closes US$8.5M Series-A
The food-tech firm creates insect-based feed ingredients and organic fertilizers.
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Beenext leads US$1.82 million funding in Indonesian influencer platform RAENA
RAENA partners with influencers, providing them with the resources to create products under their own branding.
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Digital health startup Naluri raises US$1.5M Pre-Series A funding
The Malaysian startup over-reaches its initial funding target of US$1M.
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Indonesian State Lender BNI plans US$50 million vehicle to invest in LinkAja
LinkAja is an integrated e-wallet service created through a merger of e-wallets from telco firm Telkomsel and lenders Bank Mandiri, BRI, and BNI.
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Digital streaming service Iflix secures new funding
The final size of the funding was undisclosed, but the total is well over US$50M.
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Fixanar enters partnership with Cathay Financial, Indovina to finance Vietnam’s SME
Fixanar Vietnam, Indovina Bank, and Cathay Financial Holdings on July 18 announced a partnership to improve access to financing for SMEs in Vietnam.
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Arbor Ventures to co-lead US$15 million Series A in US Data Residency Compliance Firm InCountry
This funding round highlights the importance of global data protection in businesses and an overwhelming market demand triggered by the growing challenges of companies in expansion.
