Zolo Raises $56 Million for Co-Living: Travel Startup Funding This Week

ZoloStays Property Solutions, a tech-enabled a co-living startup, has raised about $56 million in a Series C round of funding. Investcorp led the round. Nexus Venture Partners, Mirae Asset, and Trifecta Capital also participated. The startup, based in Bengaluru, India, has raised about $90 million to date. Zolo offers shared and private rooms for rent at more than 450 properties…

Singapore plant-based meat startup Karana closes US$1.7m seed funding

KARANA, which is set to launch "pork" made from organic jackfruit this year, has closed its seed funding round with US$1.7 million, the Singapore-based startup announced on Thursday. Investors include chief executive officer of Monde Nissin Corp, Henry Soesanto, who acquired Quorn Foods for US$831 million in 2015; Big Idea Ventures, a Temasek and Tyson Foods-backed fund dedicated to plant-based…

AMTD Digital Continues Acquisition Spree in Singapore with FOMO Pay

AMTD Digital, the integrated digital solutions platform of AMTD Group, announced that it will acquire a controlling stake in FOMO Pay, a QR payments provider, via its “Fusion-in” programme, which involves using a combination of share swap and cash for investment. The acquisition is subject to the Monetary Authority of Singapore’s (MAS) approval. FOMO Pay is a well known Singaporean…

Singapore-based robotics startup Botsync secures seed-funding from lead investors

Singapore-based robotics startup Botsync secures seed-funding from lead investors

Singapore-based robotics startup Botsync has secured seed-funding from lead investors Wong Fong Industries Ltd., SEEDS Capital, Angelhub and Artesian Venture Partners for an undisclosed amount. The funding will enable them to accelerate product development, build new technology teams and scale up production of their heavy-duty autonomous mobile robot solutions, to support the logistics and manufacturing sector. Four Indian graduates from…

Qashier bags S$1.2m in seed funding round led by Cocoon Capital, Hardware Club

QASHIER, a smart point-of-sale (POS) terminal provider, has bagged S$1.2 million in a seed funding round led by Singapore-based venture capital (VC) firm Cocoon Capital and Hardware Club - a San Francisco-based VC firm. The startup will use the funds to expand further into South-east Asia, grow its team, and invest more in product development, it announced on Thursday. Qashier…

Singapore ‘hyperlocal’ AI startup snags $7M in Series A

Eustan Ventures

Singapore-based NextBillion.ai has snagged $7 million in its Series A round and plans to use the funds to expand its team and boost product and research development. The months-old startup aims to build artificial intelligence-powered applications that cut across various technology segments, including natural language processing, facial recognition, and cybersecurity. Its latest funding round was led by US VCs Lightspeed…

Singapore to invest $36m in maritime technology startups

Maritime technology startups are set to benefit from a SGD50m ($36m) fund via SEEDS Capital, the investment arm of Enterprise Singapore, and six co-investment partners.Supported by ESG and the Maritime and Port Authority of Singapore (MPA), this latest initiative by SEEDS Capital aims to drive the growth of the maritime sector through technology and innovation. The six partners are Innoport…

ESG sets aside over S$55m for local agriculture, aquaculture firms

ENTERPRISE Singapore (ESG) has set aside over S$55 million to accelerate the growth of promising local agriculture and aquaculture companies by "developing their innovation capabilities to grow more with less". The funding is part of the government agency's efforts to develop an agri-food tech ecosystem in the Republic that uses innovation and scalable solutions to meet evolving needs, Senior Minister…

Saudi VC KBW Ventures joins Singapore milk startup’s $3.2mln funding

The Saudi venture capital (VC) firm KBW Ventures has participated in the $3.2 million seed funding round for TurtleTree Labs, a Singapore-based biotech start-up. In January, the Saudi VC, founded and led by Khaled bin Alwaleed bin Talal Al Saud, had participated in the pre-seed funding round for the start-up, which is developing a new technology to produce milk from…

Sequoia invests in Singapore quantum computing startup Horizon

eustan ventures

All over the globe, there are tens of millions of conventional software developers, with 46 million registered on GitHub alone. However, fewer than 1,000 people globally are capable of developing new quantum applications, Singapore-based Horizon Quantum Computing observed. The startup, which aims to make quantum computing accessible to every developer, has just raised an undisclosed amount of funding in a…

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