Singapore’s Neuron Mobility raises $18.5M to bring its electric scooters to more international markets

Singapore-based startup, has closed an $18.5 million financing round as it looks to scale its e-scooter startup in international markets — a month after the nation introduced difficult regulatory changes. The new financing round, dubbed Series A, was funded by GSR Ventures, a venture capital firm that was the first institutional investor in Chinese ride-hailing giant DiDi Chuxing, and Square…

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 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.…

Carousell to merge with 701Search, valuing Singapore startup at over US$850m

ONLINE marketplace operator Carousell has agreed to merge with 701Search, the classifieds firm owned by Norwegian telco Telenor Group, in a deal that values that Singapore-based startup at over US$850 million. Following the part-cash, part-equity deal, Telenor will be Carousell’s new single-largest minority shareholder, with a 32 per cent stake in the combined company. 701Search's three online marketplaces - Mudah…

Singapore’s Startups Weather Turmoil With $10 Billion in Funding

Venture capital investors are flocking to Singapore despite uncertainty around U.S.-China trade relations, even as businesses hold back spending, according to Peter Ong, chairman of Enterprise Singapore. Protracted trade tensions have not affected investor willingness to pump billions of dollars into young companies because their investment horizon goes beyond the current environment, Ong said in an interview on the sidelines…

Singapore FinTech Startup M-DAQ Wins Samsung’s Backing

Singapore fintech startup M-DAQ Pte won the backing of Samsung Group’s venture capital fund in a bid to expand in South Korea and beyond. With Samsung’s investment in its pre-series D round, the company’s valuation will exceed S$500 million ($368 million), up from S$250 million in November 2015, according to Chief Executive Officer Richard Koh. M-DAQ didn’t disclose the amount…

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