Jago Coffee, an Indonesia-based mobile cafe startup, has successfully secured a Series A funding round of US$6 million. The investment was led by Intudo Ventures and BEENEXT Accelerate, with participation from ORZON Ventures and D Global Ventures. The funding is crucial for the cafe startup as it seeks to expand its presence and offerings in […]

Understanding the statistical dynamics of venture capital markets is often important for investors to make informed decisions and mitigate risks effectively. Likewise, achieving an equilibrium between selecting promising startups and managing existing portfolios is essential for optimizing returns and fostering growth.  In Part 1 of our interview series with Jeffrey Paine, Managing Partner at Golden […]

The climate tech startup WasteX, headquartered in Singapore with operations in Indonesia and the Philippines, has secured $450,000 in funding from impact fund P4G Partnerships. This funding round was achieved within less than two years since WasteX, known for its expertise in transforming agricultural waste into biochar, was established by venture builder Wavemaker Impact. WasteX […]

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 […]

Malaysian startup Qarbotech has secured $700,000 in seed funding to boost production of their photosynthesis enhancer, aiming for a 50x increase. This solution accelerates plant growth and reduces crop cycles, addressing global food security concerns.  Qarbotech is scaling up its photosynthesis enhancer production from 2,000 liters to 100,000 liters per month, alongside expanding its international […]

Netherlands-based investment firm Orient Growth Ventures has successfully closed its second fund, Orient Growth Fund II, amassing $90 million in commitments. This fund is a major increase from its inaugural $25-million fund raised in 2020. The firm has shown an escalating focus on backing early-stage venture capital managers across Southeast Asia and India. With Orient […]

Antler, a global early-stage VC firm headquartered in Singapore, has announced its largest pre-seed investment round to date, committing $5.1 million to 37 startups across Southeast Asia. The portfolio encompasses a wide range of sectors, including AI, B2B SaaS, fintech, and healthcare, addressing various regional challenges. Antler’s recent commitment to backing Singaporean startups, including BorderDollar, […]

Indonesian agritech startup Semaai has successfully secured $4.7 million in a pre-Series A funding round, combining equity and debt financing. Tokyo-based venture capital firm CyberAgent Capital led the round. For Semaai, it brings its total funding to $7.6 million. New investors joining this funding round include Sumitomo Corporation Equity Asia, Ruvento, MyAsiaVC, and Heracles Ventures. […]

Swap Energi, the Indonesian electric battery service developer, has secured Series A funding totaling $22 million (equivalent to IDR 341.4 billion). As reported by Alternatives.pe, regulatory data reveals the participation of three key investors in this funding round: Qiming Venture Partners, Ondine Capital and GGV Capital. Swap Energi’s Co-Founder & CEO, Irwan Tjahaja, has officially […]

Indonesia-based venture capital firm East Ventures and Seoul-based venture capital firm SV Investment have joined forces to establish a new fund targeted at $100 million. The primary goal of this fund is to promote investment opportunities and collaboration between Southeast Asia and South Korea, bridging the gap between the two dynamic tech ecosystems. This fund’s […]