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Singapore’s GCBI Ventures leads US$10 million pre-Series A funding for Cailu
Cailu will use the funding capital for further research and development, as well as forge partnership programs to create a blockchain ecosystem.
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Indonesian logistics startup Ritase secures US$8.5 million Series A led by Golden Gate
Ritase plans to use its Series A funding to propel its growth and expand into new markets including Thailand, Malaysia, and the Philippines.
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Golden Equator Capital raises two private capital funds totaling US$90M
Backers of the funds are constituted of institutional and accredited investors in Singapore, Japan, and Korea.
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AI-powered photography platform SweetEscape successfully raised US$6M in Series A funding
The Indonesian startup was created by Bridestory’s co-founders.
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Philippines’ Robinsons Retail to shift from Fashion to Pets
Robinsons Retail plans to target affluent shoppers and focus in the pet, health, and beauty sectors.
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Singapore insurtech startup Gigacover raises seed funding to fuel growth in flexible insurance market
The funding will help Gigacover take on the US$9 billion flexible insurance market.
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PouchNATION closes series-b funding led by Traveloka and SPH Ventures
This is the Indonesian unicorn’s first publicly disclosed investment in a tech startup.
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Thailand’s Kasikornbank partners Vietnam incubator to grow regional startups
The partnership between Kasikornbank and Vietnam’s Business Startup Support Center will promote cross-border expansions of fintech and e-commerce ventures.
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Indonesian coffee-chain startup Kopi Kenangan raised US$20M from Sequoia India
Kopi Kenangan previously raised US$8M seed funding in October 2018 from Alpha JWC Ventures.
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Novena Global, Sinopharm, and Cedarlake establish US$150 million Sino-Singapore Healthcare Fund
Novena Global also secures US$20 million in funding from Sinopharm and Cedarlake for its China and Southeast Asia expansion.
