Hong Kong-based venture capital firm Newman Capital has invested in Openfort, a startup that specialises in blockchain wallet infrastructure for Web3 gaming. The investment from Newman Capital has enabled Openfort to successfully complete its seed round fundraising, generating a total of $3 million. The seed round was co-led by gumi Cryptos Capital and Maven 11, […]

City University of Hong Kong has announced the launch of the HK Tech 300 Southeast Asia Start-up Competition in Kuala Lumpur, extending its successful HK Tech 300 initiative to Southeast Asia. The competition is aimed at fostering innovation and technology development in the region and supporting start-ups. The HK Tech 300 initiative is a large-scale […]

Auros, a crypto-native algorithmic trading and market making firm that operates in New York and Hong Kong, has raised $17 million in its latest funding round. The fundraising was led by global high-frequency trading firm Vivienne Court, with participation from Bit Digital Inc, Trovio, Epoch Capital, Primal Capital, and a consortium of senior alumni from […]

Jumppoint, a Hong Kong-based digital integrated logistics startup, has successfully completed Series A of its funding round with $6.5 million in investments added to its coffers. The funding round was led by MindWorks Capital and was also joined by Headline Asia, Chinachem Group, Philip Kuai (Founder of Dada Nexus), and the Innovation and Technology Venture […]

Hong Kong’s XanPool has raised $41M in new capital that it could use to fund its expansion plans across Europe, the Middle East, North Africa and Latin America. XanPool, which also plans to establish a research and development hub in Thailand, said the recent funding round was led by its existing investor Target Global. Earlier, […]

theDesk, the coworking space platform headquartered in Hong Kong, debuted its partnership with Kumospace, the office software platform headquartered in the United States, to launch the virtual work and collaboration platform for businesses to create an immersive virtual space and enhance employee experience with a hybrid working environment. Businesses are transforming their ways of working […]

Insurance on-blockchain pioneer YAS MicroInsurance seeks to further expand and insure the Web3 economy after raising $4.5 million pre-Series A funding round co-anchored by Noria Capital, ZEMU VC, and JKL Capital. 500 Startups also participated in the funding round, according to the announcement. YAS aims to offer cross-dimensional insurance opportunities. Insuring the Web3 economy and […]

Wada Bento is a Hong Kong-startup that has developed a bento machine that provides quick meal delivery in 17 seconds. And investors are excited at its potential. The startup said it has raised HK$22 million (about $2.8 million) in pre-Series A funding from a host of investors, including Golden Resources Development Limited, Cyberport Macro Fund, […]

Fintech platform Airwallex announced plans to provide further support for Hong Kong‘s SME and startup community, following the successful launch of its Hong Kong Small and Medium Enterprises (SMEs) initiative earlier this year. Airwallex said it will commit an additional HK$2.25 million to the initiative, raising its total commitment to HK$4.5 million this year. Airwallex first rolled out […]

Hong Kong-based climate tech startup Allinfra announced the closing of its Series A financing round, led by global financial services group Nomura, with participation from new and existing investors. Allinfra develops enterprise software designed to help institutions across a range of industries achieve their sustainability goals. The newly secured funding will be used to scale […]