Singapore launches $14m initiative to draw film funds to Southeast Asia

Singapore’s Infocomm Media Development Authority (IMDA) has launched a $14.7m (S$20m) initiative to partner with film and media investment funds that set up in the city state to invest in film and TV content across Southeast Asia. Describing the S$20m as a “catalyst to attract other investors”, IMDA has launched an open call for partners that can “jointly support the…

Singapore healthtech startup Hummingbird banks $19m in series B round

Singapore-based biotherapeutics startup Hummingbird Bioscience has raised US$19 million in a series B round co-led by Korean investors Mirae Asset Venture Investment and GNTech Venture Capital. New backers Delian Capital, Mirae Asset Capital, DAValue-GiltEdge, HB Investment, Wooshin Venture Investment, and Kiwoom Investment-Shinhan Capital also participated in the round, alongside existing investors Heritas Capital and Seeds Capital. Hummingbird focuses on the…

Singapore government’s Tribe Accelerator raises $16 million for startups

The second successful round of Tribe Accelerator funding just added more money to the ambitious program’s kitty. Singapore government’s Tribe Accelerator has raised around sixteen million US dollars ($16M) that will help the blockchain startups under its aegis. Enterprise Singapore, the government agency responsible for the promotion and development of blockchain startup, built Tribe Accelerator as an incubator for blockchain…

Circulate Capital launches $106m fund to address Asia’s ocean plastic crisis

Singapore-based venture capital firm Circulate Capital has announced the launch of Circulate Capital Ocean Fund (CCOF), the world’s first investment fund dedicated to preventing Asia’s ocean plastic crisis. Circulate Capital said it launched the $106-million fund, with founding investors and partners PepsiCo, Procter & Gamble, Dow, Danone, Unilever, The Coca-Cola Company, and Chevron Phillips Chemical Company, to address the financing…

Indonesia looks to set up sovereign wealth fund

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Singapore App-Lending Startup Scores $500 Million Valuation

FinAccel Pte, which extends credit to online shoppers in Indonesia under the Kredivo brand, has raised $90 million of expansion capital in a fundraising round valuing the company at almost $500 million. South Korea’s Mirae Asset-Naver Asia Growth Fund and Australian venture capital firm Square Peg co-led the Series C financing, according to FinAccel Chief Executive Officer Akshay Garg. Other…

Singapore dental startup Zenyum secures $13.6m to fuel expansion plans

Singapore-based dental startup Zenyum has raised US$13.6 million in series A funding from RTP Global, Sequoia India, TNB Aura, and Enterprise Singapore’s Seeds Capital, among other investors. Zenyum plans to use the fresh funds to fuel its expansion plans to markets like Vietnam, Indonesia, and Taiwan. It currently operates in Singapore, Hong Kong, Malaysia, and Thailand. Founded in 2018, Zenyum…

Singapore mobility startup Swat secures $10.1m to expand overseas

Singapore-based smart mobility startup Ministry of Movement has closed a US$10.1 million series A funding round led by The University of Tokyo Edge Capital 4 Limited Partnership to grow and expand overseas. New investors SMRT Momentum Ventures, ComfortDelGro Ventures, Singapore Economic Development Board’s New Ventures, EDBI, and LKJ Capital Japan also participated in the round, alongside existing investors iGlobe Platinum…

Singapore startup Hydroleap raises $1.9m in Wavemaker-led round

Singapore-based wastewater treatment startup Hydroleap has secured S$2.6 million (US$1.9 million) in a funding round led by Wavemaker Partners. Other investors including Enterprise Singapore’s Seeds Capital and 500 Durians (500 Startups’ Southeast Asia fund) also participated in the round. Founded by Mohammad Sherafatmand, Hydroleap provides a cost-effective and environmentally friendly solution for wastewater treatment, which is traditionally done by adding…

Wastewater treatment startup Hydroleap raises S$2.6m in latest funding round

SINGAPORE-BASED wastewater treatment startup Hydroleap has raised S$2.6 million in a funding round led by Wavemaker Partners. Other investors included Seeds Capital and 500 Startups’ South-east Asia-focused 500 Durians fund. The startup will use the funds to take its electrical wastewater treatment technology to industrial parks, mining, palm oil and semiconductor industries, it said in a media release on Monday.…

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