OpenAI, led by Sam Altman, has been attracting attention in the global AI landscape. Temasek’s involvement is likely due to the growing importance of AI technologies and the interest of state-backed entities in investing in advancements in this field. Singapore’s Temasek Holdings, a state-owned investment firm, is currently engaged in preliminary discussions to invest in […]

Singapore-based UnoAsia, the parent company of Uno Digital Bank in the Philippines, has completed a pre-Series B funding round, securing $32.1 million in investment. The funding, comprising equity and debt, was led by Gateway Partners, Creador Private Equity, and Nextinfinity Management. With this latest round, UnoAsia has raised approximately $75 million.  This funding injection will […]

Transparently.ai, headquartered in Singapore, has secured an investment from Franklin Templeton as part of its entrance into the asset manager’s FinTech Incubator program. The investment comes as the AI company, specializing in identifying accounting fraud, announced its successful pre-Series A funding round of US$3 million. With a focus on combating financial crime, the collaboration with […]

Singapore-based health-tech startup Mesh Bio has secured $3.5 million in Series A financing led by East Ventures, a venture capital firm focused on Southeast Asia. Elev8, Seed Capitals, and existing shareholders also participated in the round.  This funding will enable Mesh Bio to expand its digital twin technologies to healthcare providers in Hong Kong and […]

Singapore-based InterContinental Energy has secured $115 million in equity investment to advance its mission of scaling up green hydrogen production. The funding comes from two investors: GIC, a global institutional investor, and Hy24, recognized as the world’s largest clean hydrogen pureplay investor. This infusion of capital is projected to accelerate further the company’s efforts to […]

Singapore-based medical technology firm Awak Technologies has secured over $20 million in Series B funding, making it one of Singapore’s most significant MedTech fundraising events this year. The funding round was spearheaded by Lion X Ventures and Vickers Venture Partners, with participation from Advanced MedTech and Eckuity Capital. Headed by CEO Suresha Venkataraya, Awak Technologies […]

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). […]

Singapore-based Solar AI Technologies has successfully secured a seed funding round of US$1.5 million, with Earth Venture Capital taking the lead, accompanied by participation from Undivided Ventures, Investible, and climate-tech angel investor David Pardo.  The capital injection is set to predominantly fuel the expansion of its rent-to-own (RTO) solar initiative within Singapore, with subsequent plans […]

Venture capital platform Antler has recently unveiled its Antler ONDC, an Open Network for Digital Commerce (ONDC)-focused venture platform in India. This initiative is a collaboration between Antler and notable figures such as Infosys co-founder Nandan Nilekani, FIDE (Beckn Protocol), and ONDC.  Antler ONDC serves as a resource hub and expert network for founders who […]

Sunrate, a global smart payment and treasury management platform, has successfully raised an extended Series D (Series D-2) funding round from Peak XV Partners, formerly Sequoia Capital Southeast Asia. The round included  Prosperity7 Ventures and Softbank Ventures Asia.  Sunrate’s recent series D2 funding round has provided the necessary financial impetus for the company to further […]