Singapore AI startup Advance.ai banks $80m in series C round

Singapore-based AI and big data firm Advance.ai raised US$80 million in a series C round led by private equity investor Pavilion Capital and Chinese venture capital firm Gaorong Capital (formerly Banyan Capital). Unicorn Venture and eGarden Ventures also participated in the round, alongside existing investors GSR Ventures and Vision Plus Capital. Founded in 2015, the data-driven fintech company helps businesses…

500 Startups backs $2.55m funding in Singapore’s SEPPURE

Singapore-based chemical separation technology startup SEPPURE has announced raising $2.55 million in its seed funding round backed by Silicon Valley-based venture capital firm and accelerator 500 Startups. The funding round was led by US-based multi-stage venture fund SOSV and participated by Singapore government-owned innovation platform SGInnovate, Entrepreneur First, Belmond Capital, Koh Boon Hwee (Chairman of Nanyang Technological University (NTU) Board…

S’pore Food Incubator Opens 6-Storey Hub In Jurong – Features R&D Labs, Coworking Spaces

Two weeks ago, the food incubator arm of sugar company Cheng Yew Heng opened a 90,000 sq ft facility in Chin Bee Drive, The Straits Times (ST) reported. The six-story Innovate360 offers research and development laboratories, a co-working area, and trading, logistics, and manufacturing amenities targeted at helping food startups in Singapore. Vice-president of Innovate360 Elias Tan said the building…

Temasek’s Vertex adds new US$290m fund to back growth-stage tech firms

VERTEX Growth Fund, the sixth and newest member of Vertex Venture Holdings’ global network of venture capital (VC) funds, has raised US$290 million for its inaugural fund. Demand for the growth-stage technology fund had surpassed the initial target of US$250 million, Vertex Growth said on Friday. The new fund is anchored by Vertex Venture, the Singapore-based VC arm of investment…

Work Life Ventures raises $5M for debut enterprise SaaS seed fund

Brianne Kimmel had no trouble transitioning from angel investor to general partner. Initially setting out to garner $3 million in capital commitments, Kimmel, in just two weeks’ time, closed on $5 million for her debut venture capital fund Work Life Ventures. The enterprise SaaS-focused vehicle boasts an impressive roster of limited partners, too, including the likes of Zoom chief executive…

Consumer-tech startup Atomberg raises Series A funding from A91 Partners

Atomberg Technology Pvt. Ltd, a consumer-technology company, has raised $10 million (approximately Rs 71.96 crore at current exchange rates) in its Series A funding round led by venture capital firm A91 Partners. The company will use the funds for enhancing its distribution networks across all metro and non-metro cities apart from increasing the size of its research and development team,…

S’pore Foodtech Firm Raises S$1.7M In Seed Funding Round Led By Killiney Group

Singapore foodtech startup and parent company to low-calorie ice cream Callery’s, announced today (9 September) that it has secured a S$1.7 million seed funding. The funding round is led by local food and beverage heritage brand Killiney Group, followed by Singapore’s first government-backed food incubator Innovate360, TRIVE Ventures, and other angel investors. The funds will be used to accelerate Hoow…

Vietnam startups gain on Indonesia and Singapore with new funding

Vietnam's startup sector is growing at a rapid clip despite the global economic slump, as it closes the gap with regional leaders Indonesia and Singapore. According to joint research by Ho Chi Minh City-based venture capital ESP Capital and Singapore's Cento Ventures, startup investment in Vietnam hit $246 million this year through June on 56 deals. Investment is expected to…

1 3 4 5 6 7 36