Malaysia’s Ministry of Science, Technology, and Innovation (Mosti) plans to push emerging technology and promote Science, Technology, Engineering, and Mathematics (STEM) education within the framework of Budget 2024. Minister Chang Lih Kang has outlined these focus areas in Mosti’s budgetary proposals. The initiative signaled Mosti’s plans to support innovation and technological advancement within Malaysia, particularly […]

Startup Island TAIWAN, an initiative backed by Taiwan’s National Development Council, recently joined forces with domestic venture capitalists and listed companies to present a significant event showcasing the prowess of Taiwanese digital tech startups. This event, known as Taiwan Tech Solution Day, took place in Ho Chi Minh City on August 23, where 14 Taiwanese […]

Techsauce, a prominent figure in the tech ecosystem, has taken a significant step forward with the launch of the “VentureBridge” Fund. With this, Techsauce plans to support leading Thai organizations for establishing, operating, and managing investments in startups worldwide. The VentureBridge Fund aims to generate financial and strategic returns, facilitating growth and innovation for diverse […]

Immersive entertainment group NEON is reportedly considering a fresh capital injection of approximately US$200 million in its expansion plans. Sources familiar with the matter revealed that the Singapore-based company collaborates with advisors to facilitate fundraising.  The individuals, who requested anonymity due to the confidential nature of the information, indicated that this new funding round would […]

AHG Lab, an independent venture builder based in the Philippines, has successfully raised $4 million in a pre-Series A funding round to expand its portfolio of ventures and programs. The funding round was invested by Seaborne Capital, Filipino family offices, Imagine If Partners and US family office– the Rufino Family and David Leechiu.  AHG Lab […]

Karakalpakstan, a region in Uzbekistan, outlines plans to allocate $200 million in soft loans to support companies and establish a Youth Socio-Economic Center in the Khojaili district, with an investment of 1 trillion soums. The city unveiled its plans to support local startups and nurture entrepreneurship with a series of new initiatives under the guidance […]

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 […]

Singapore-based global design studio XM HoldCo Pte Ltd and its subsidiaries, collectively known as the XM Group, have successfully concluded their latest fundraising round. The funding was led by AIOX Apex Angel Fund (AIOX) and saw participation from some of the company’s existing institutional shareholders, including Heliconia Capital Management Pte Ltd and ICH Capital. In […]

Indonesia’s Maka Motors, an electric vehicle startup specializing in two-wheelers, has successfully concluded its seed funding round, raising US$37.6 million. The company, co-founded by two former executives from the Indonesian ride-hailing giant Gojek, managed to secure the funding while still in the research and development stage, making it one of the largest seed funding rounds […]

Indonesian fintech startup Orderfaz has successfully concluded a pre-seed funding round, as announced on Thursday. The round was led by Singapore-based venture capital firm 1982 Ventures, which acted as the sole investor. The exact amount of funding raised in the round has not been disclosed. Orderfaz, a recently established fintech startup, focuses on serving the […]