Talon co-founders

Foxmont joins Talon’s US$5M Series A round

The crux: Hong Kong-headquartered competitive gaming, entertainment and culture startup talon has secured US$5 million in Series A financing round.

Investors: Animoca Brands (lead), Hana Digital Transformation Fund, HZL Capital, AK Partners, Token Bay Capital, Foxmont Capital Partners, Arete Capital Asia, BlackPine, Yieldly, and PAC Capital.

Plans: Talon will continue to grow its lifestyle and cultural platform, focusing on working with fashion labels, KOLs, musicians and traditional sports athletes to deliver entertainment to the next generation of youth, targeting Gen Z and millennials.

Also Read: Monde Nissin CEO backs Foxmont Capital’s initial close of US$20M Fund II

As part of this strategy, it will place a strong focus on the development of digital and blockchain solutions alongside Animoca Brands to deliver unique experiences, collectibles and opportunities via different metaverses, P2E games and NFT platforms.

Additionally, Talon will further expand its regional footprint into Southeast Asia, focusing on the Philippines, Vietnam and Indonesia.

About Talon: It is an e-sports, culture and lifestyle platform in Asia. Established in 2017, it operates six professional e-sports teams in five markets. Talon operates its creative studio to run e-sports marketing, content creation, and activities for Talon and its partners. Talon boasts over 25 million followers across its combined social platforms.

With headquarters in Hong Kong, it has regional offices in Thailand, Taiwan, the Philippines and South Korea.

India-based CoreStack bags US$30M Series B

The crux: CoreStack, a global multi-cloud governance SaaS provider, has secured a $30 million Series B funding round.

Investors: Avatar Growth Capital (lead), Dallas Venture Capital (DVC), Iron Pillar, and angels.

Plans: The funding will help CoreStack grow and innovate its AI-powered continuous and autonomous cloud governance and expand into new markets.

About CoreStack: CoreStacki is an AI-powered next-generation multi-cloud governance solution. It helps enterprises achieve autonomous cloud governance at scale.

CoreStack’s proactive approach to AI-powered cloud-native governance utilises a cloud-as-code approach, orchestration frameworks, deep AI/ML, and patented connector-less model. The firm enables enterprises to realise outcomes across FinOps, SecOps and CloudOps, such as a 40 per cent decrease in cloud costs and a 50 per cent increase in operational efficiencies by governing operations, security, cost, access, and resources.

India-based Eximius Ventures launches student venture partner programme

The crux: India-based micro VC firm Eximius Ventures has launched its first cohort of the student venture partner programme, an initiative designed to empower undergraduate students to participate in deal sourcing and support upcoming startups from their campuses.

Objective: Through this programme, Eximius Ventures aims to accelerate the success of nascent-stage student-led startups and groom the student venture partners to become a part of the VC ecosystem.

The one-year programme will allocate up to US$500,000 to student venture partners for investing in startups from their network. It will also enable them to present deals to Eximius’s internal committee (IC) and gain hands-on experience working at a VC.

The programme has selected three students: Aryan Mittal from IIT Delhi, Bhargav Chaudhari from IIT Bombay, and Parth Goel from IIT Kharagpur, and is scheduled to start in December 2021.

The post In brief: CoreStack bags US$30M Series B, Foxmont invests in HK-based Talon appeared first on e27.



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