International VC firm Presight Capital raises $350M second fund – Startups
Presight Capital has closed its $350 million second fund only a year and a half after it announced an $80 million first fund. In fact, General Partner Christian Angermayer told me that the fund was raised in just a few weeks, and that it shot past the initial...
Citics lands US$1M from Vulpes, others to build a ‘comprehensive’ real estate data platform in Vietnam
Citics, a Vietnamese online real estate platform, announced today it has raised US$1 million in a pre-series A round from a group of international and domestic investors. The investors include Vulpes Investment Management, a seed investor in Singapore-based...
How a Rocket Internet-backed coffee startup expanded amid the pandemic
Covid-19 forced Flash Coffee to close its Jakarta outlet - its first - and co-founder David Brunier had to manage the situation from a continent away. Source link
Justworks’ Series B pitch deck may be the most wonderfully simple deck I’ve ever seen – Startups
It may be tough to remember, but there was a time long ago when Justworks wasn’t a household name. Though its monthly revenue growth charts were up and to the right, it had not even broken the $100,000 mark. Even then, Bain Capital Venture’s Matt Harris felt...
Managing a global workforce with Toby Zhang
Toby Zhang is the CEO/Founder of a startup that has the operations team in Silicon Valley and the development team in China. We talk about: The benefits of having a US company with a global, distributed workforce How to get them to work well together at a...
Singapore TikTok rival acquired for $125m in cash
The deal is said to be one of the biggest exits by a tech startup in Singapore in recent years. Source link
Why crypto art and sports collectibles are suddenly so popular
Digital avatars listed on the non-fungible token platform CryptoPunks.Ryan Browne | CNBCThe cryptocurrency world is abuzz with talk of digital collectibles, unique virtual tokens that can represent anything from art to sports memorabilia.People have been paying...
VCs are chasing Hopin upwards of $5-6B valuation – Startups
Virtual events platform Hopin is hopin’ for a mega valuation. According to multiple sources who spoke with TechCrunch, the company, which was founded in mid-2019, is running around the fundraise circuit and perhaps nearing the end of a fundraise in which it is...
In brief: India’s Rephrase.ai, Singapore’s Filmplace raise capital
The Filmplace team Filmplace raises US$220,000 to help influencers, media houses shoot content in unique rented spaces Investors: New York’s Admiralty Holdings. What the funding will be used for: Bolster infrastructure, marketing capabilities and tech...
Everyone is going public so what’s wrong with your startup? – Startups
Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast where we unpack the numbers behind the headlines. This is Equity Monday, our weekly kickoff that tracks the latest private market news, talks about the coming week, digs into some...
Sea Group’s venture fund to invest US$1B in tech startups
Singapore-based global consumer internet honcho, Sea Group, has launched a venture fund to invest in tech startups. The group has also allocated an initial amount of US$1 billion for the fund, called Sea Capital, to be invested over the next few years. The...
In brief: Quest Ventures, Scale-up Malaysia back 11 startups; Employment Hero raises US$35M for SEA expansion
The Employment Hero team Employment Hero bags US$35M to bring integrated HR platform into SEA Investors: Led by returning investor SEEK. Others are OneVentures and AirTree Ventures, Salesforce Ventures. What will the funding be used for: To support Employment...
Venture Capital Early Stage is the startup bootcamp you’ve always needed – Venture Capital
Wondering how to nail that virtual pitch meeting and raise VC funding? Or how to build a high-octane sales team? What about recruiting early team members that will fuel future growth? Managing the finances of a new company while also wondering about your own...
Australia’s Lexer to expand into Southeast Asia following US$26.3M funding
Lexer co-founders L to R: Chris Brewer, Aaron Wallis, Dave Whittle Lexer, a customer data platform for brands and retailers, announced that it has plans to expand into Southeast Asia following its AU$33.5 million (US$26.3 million) Series B funding. The round...
Twitter targets creators, Clubhouse security, Spotify’s plans for paid podcasts – Venture Capital
Welcome back to This Week in Apps, the weekly TechCrunch series that recaps the latest in mobile OS news, mobile applications and the overall app economy. The app industry is as hot as ever, with a record 218 billion downloads and $143 billion in global...
In Brief: Sri Lanka’s oDoc raises US$1M to offer patients holistic digital medical experience
oDoc team Sri Lanka’s oDoc raises US$1M to offer patients holistic digital medical experience The story: Health-tech startup oDoc closed US$1 million in a pre-series A funding round led by Techstars. Other investors: Hustle Fund, Unpopular Ventures,...
Pixibo raises US$1.4M to help fashion e-tailers reduce product return rates
Pixibo, a Singapore-based fashion-tech startup, has raised US$1.4 million in a Series A extension round from early-stage VC firm Atlas Ventures, reports TechInAsia, citing sources. The startup will use the funds to enhance its service and hire for positions...
Select Star raises seed to automatically document datasets for data scientists – Venture Capital
Back when I was a wee lad with a very security-compromised MySQL installation, I used to answer every web request with multiple “SELECT *” database requests — give me all the data and I’ll figure out what to do with it myself. Today in a modern, data-intensive...
Value proposition of SaaS for SMEs has to be clear from the beginning: Akshay Bhushan of Lightspeed
Akshay Bhushan, Partner at Lightspeed Venture Partners The worst-kept secret in venture capital? VCs love software-as-a-service (SaaS) startups. With SaaS startups bringing in predictable and recurring revenue, often at more or less the same fixed costs, the...
The lidar SPAC craze and 10 investors give their mobility predictions – Venture Capital
The Station is a weekly newsletter dedicated to all things transportation. Sign up here — just click The Station — to receive it every weekend in your inbox. Hi friends and new readers, welcome back to The Station, a newsletter dedicated to all the present and...
Entrepreneurs Programme Attracts Robust Startups price US$50m
NEXEA Angels Sdn Bhd (NEXEA), a Malaysia-based start-up investment company launched the Entrepreneurs Programme on 19th May 2020, in collaboration with the Malaysia Digital Economy Corporation (MDEC). It aims to bring together exclusive private groups of CEOs of local...
India’s Zomato to chop 13% of workers
The meals supply startup's CEO and founder Deepinder Goyal additionally proposed a short lived pay minimize for all the firm. Source link
Luxurious consignment retailer The RealReal lays off 10% of workforce, furloughs 15% – TechCrunch
On-line consignment firm The RealReal is the newest tech firm to put off and furlough staff amid the COVID-19 pandemic. Within the firm’s quarterly earnings report immediately, The RealReal introduced layoffs affecting 10% of its workforce and furloughs...
Ooni’s Koda 16 pizza oven is the uncommon kitchen gadget that delivers on its promise – TechCrunch
Ooni (nee Uuni), has been round for a couple of years now, however its newest oven, the Koda 16, launched in March. Identical to everybody else, I’ve been cooped up at dwelling for weeks with nothing however the entire tasks I'd get round to at some point. On...
Payments company 2C2P launches VC arm
The new entity, called 2C2P.VC, will focus on fintech opportunities across Southeast Asia. Source link
(Up to date) 2C2P units up VC arm to make strategic funding in funds corporations in Southeast Asia
(This text has been up to date with new particulars from 2C2P) Singapore- and Bangkok-headquartered funds processing firm 2C2P has established a VC arm to make strategic investments in funds and associated sectors. With the launch of 2C2P.VC, the fintech firm...