The KaryaKarsa team
KaryaKarsa raises US$500K in seed funding
The story: KaryaKarsa, an Indonesia-based company that enables creators to distribute and monetise their work, today announced that it has raised a US$500,000 in seed funding round.
The investors: Accelerating Asia (lead), Sketchnote Partners and a number of other institutional and angel investors.
The plan: The funding will be used to support the company’s growth in Southeast Asia (SEA) market and advance the platform.
The story: KaryaKarsa said that it has collaborated with more than 40,000 creators and served 300,000 users and is on track to capitalise on the growth in the creative economy in Indonesia (ranked the third largest in the world in terms of contribution to GDP). With this funding round, the company and board have appointed fintech entrepreneur J. P. Ellis as an official advisor.
Bits x Bites closes US$100M in an oversubscribed final fund close
The story: Bits x Bites, a Shanghai-based agrifood tech VC that claimed to be the first in China to focus on the verticals, today announced that it has completed the final close of its second fund at US$100 million, exceeding its previously announced target.
The investors: New investors include industry leaders from Syngenta Group Ventures to Adisseo, an animal nutrition company, and Cavallo Ventures, the venture capital arm of Wilbur-Ellis, to Esco Lifesciences. They also include government-supported investment arms such as DisruptAD, the venture platform of Abu Dhabi-based ADQ; and other reputable financial institutions and family offices. The fund also included continued support from Temasek.
About the fund: Since its first close, Bits x Bites has invested in seven new portfolio companies. Four of the new portfolios are Chinese companies: EAVision, Mojia Bio, and two companies that are currently in stealth mode.
Also Read: Accelerating Asia announces 8 startups selected for its third cohort
TiffinLabs names Soon Sze Meng as CEO
The story: TiffinLabs, a Singapore-headquartered foodtech company with presence across SEA and the US, announced today that Soon Sze Meng has been appointed as its CEO. He will assume the role from January 1, 2022.
The new CEO: Soon Sze Meng is an experienced business leader who has held senior executive and board roles across several industries, including e-commerce and fintech.
Chope names new CTO
The story: Singapore-based F&B tech platform Chope today announced the appointment of Rufus Jiang as its CTO.
The new CTO: Jiang brings with him extensive experience and leadership directing software, technology, and application development for global technology powerhouses Huawei, Amazon, and Microsoft.
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Image Credit: KaryaKarsa
The post In Brief: KaryaKarsa raises US$500K, Bits x Bites closes US$100M for final fund close appeared first on e27.