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AgriTech — 12 Feb 2024

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 […]

Accelerator — 8 Feb 2024

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 […]

Accelerator — 1 Feb 2024

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, […]

AgriTech — 8 Jan 2024

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. […]

Deals — 3 Jan 2024

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 […]

Funding — 9 Oct 2023

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 […]

Accelerator — 7 Sep 2023

Venture capital firm 500 Global has successfully closed its 500 Southeast Asia III fund, amassing $143 million in capital. It is the firm’s largest early-stage fund dedicated to Southeast Asia. It serves as its primary investment vehicle for startups throughout the region’s growth journey, from pre-seed stages to the cusp of initial public offerings (IPOs). […]

Acquisitions — 31 Aug 2023

The tally of recognized startups and acquisitions, burgeoning to 84,012 in 2022 from a mere 452 in 2016, is a testament to the positive impact of investment incentives and simplified business regulations, as highlighted by the Economic Survey 2022-23. As we embrace 2023, the Southeast Asian startup landscape is abuzz with anticipation surrounding cross-border acquisitions […]

Jakarta-based startup BintanGo, a platform facilitating content creators in monetizing their work, has recently secured $2.2 million in fresh funding, a mix of debt and equity. This round of funding has gained support from Contents Technologies, Transcend Capital Partners, and existing backers Investible and eWTP Tech Innovation Fund.  This infusion of capital takes the total […]

EdTech — 12 Jul 2023

Indonesia-based ed-tech startup SoLeLands has successfully secured funding led by venture capital firm East Ventures, with participation from SMDV. The exact amount of funding raised was not disclosed.  The funds will be utilized to enhance capacity and product development in preparation for the anticipated soft launch of SoLeLands’ immersive game-based learning platform in the fourth […]

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