For startups, the journey of running a business is a rollercoaster of exhilarating highs and daunting challenges, particularly when it comes to managing funds and steering towards profitability.  In this journey to bring innovative ideas to life, investors play an indispensable role, providing not just financial support, but also invaluable guidance and mentorship.  At AsiaTechDaily, […]

Indonesian InsurTech firm Qoala has completed its Series C funding round, securing $47 million in investment. PayPal Ventures, PayPal’s corporate venture arm, backed Qoala with the investment. PayPal Ventures and MassMutual Ventures co-led the funding, with participation from MUFG Innovation Partners, Ohana Holdings, and existing investors such as Flourish Ventures, Eurazeo, and AppWorks.  Qoala’s recent […]

Health tech firm HiLabs has secured $39 million in Series B financing, the company announced on Thursday. The funding round was led by Denali Growth Partners and Eight Roads Ventures, with additional participation from F-Prime Capital. This investment follows the rapid adoption of HiLabs’ healthcare data management platform, MCheck, and will facilitate further development of […]

Moonshot AI, a Chinese AI startup, has clinched a staggering sum of over $1 billion in its Series B funding round for the development of large language models (LLMs). The financial injection, led by e-commerce titan Alibaba and venture capital HongShan, drives Moonshot AI’s valuation to an impressive $2.5 billion.  HongShan, the Chinese counterpart of […]

Singapore-based Carro, a prominent online automotive marketplace in Southeast Asia, is actively engaging in discussions with potential investors to secure a funding round exceeding $100 million. According to a senior executive from the unicorn, the move is strategically timed as the company contemplates a potential listing in the United States within the next 18 months.  […]

Bain Capital has successfully concluded the final closing of its fifth pan-Asia private equity fund, Bain Capital Asia Fund V, securing $7.1 billion in capital commitments. This achievement exceeds the initial target by 40%, signaling robust investor confidence despite the challenging global economic and geopolitical landscape impacting fundraising efforts across the industry.  The U.S.-based investment […]

Silicon Valley venture firm GGV Capital has decided to split into two separate entities, one focused on Asia and the other on the United States. This decision follows a trend set by rival firm Sequoia Capital a few months ago, as American tech investors face increasing pressure to disengage from their Chinese investments due to […]

The U.S. plans to enact a prohibition on private-equity and venture-capital investments in specific Chinese technology firms as part of an executive order set to be unveiled by the Biden administration. It intensifies Washington’s endeavors to impede Beijing’s advancement in technology tailored for military applications. Sources suggest that the prospective U.S. restrictions on investment within […]

Carallel’s plan to expand its reach and develop a more dynamic digital experience received a boost after it earned additional investments amounting to $8.2 million. Series A of its funding round was participated by prominent regional payers including 450 Ventures, Create Health Ventures, Gratitude Railroad, Loud Capital, and Wanxiang Healthcare Investments. Carallel, a leading provider […]

Outdefine, a San Francisco-based startup, raised $2.5 million that it could use to build a decentralized hiring community for web3 talent. The investment speaks of the company’s value proposition and the real-world application for crypto because it came at a time when the crypto market was in a difficult period. Web3 investors TCG Crypto and […]