Carzuno co-founders Amrt Sagar and Andrew Chan
Carzuno raises US$500K in pre-seed funding
The funding: Singapore-based all-inclusive subscription platform for cars Carzuno announced an oversubscribed US$500,000 Pre-Seed funding round from investors such as Hustle Fund, Net Ventures, and undisclosed private investors in the automotive and ride-hailing sectors.
The plan: The funding will be used to expand its team, extend its technological offering, speed track more EVs on the platform, and raise subscription acquisition numbers among consumers and corporate partners.
The company: Launched in June, Carzuno aims to provide a more flexible alternative to traditional private vehicle ownership or hire. Since its launch, the company said that it saw triple-digit month-on-month growth, and the business has grown ten times in the last three months.
Circulate Capital invests in 3 US startups, 1 Singapore startup
The Story: Singapore-based Circulate Capital today announced that its venture capital fund Circulate Capital Disrupt (CCD) has invested in three US-based startups in the field of sustainable fashion, biotech, and smart materials. Its Circulate Capital Ocean Fund also invested into Singapore-based ACE Green Recycling, a clean tech firm specialising in clean battery recycling.
Also Read: Sealed Network scores undisclosed Pre-Series A funding to fuel SEA expert network
The Companies: Arzeda (Washington-based industry-leading Protein Design Company that aims to revolutionise protein engineering through computational biology methods), Circ (Virginia-based advanced recycling technology innovator with patented technology that returns clothes to the raw materials from which they were made), and Phase Change Solutions (North Carolina-based global leader in manufacturing bio-based phase change materials that stabilise temperatures across a wide range of applications).
CloudSEK raises US$7M in Series A funding round led by MassMutual Ventures
The funding: Cybersecurity company CloudSEK today announced a US$7 million in Series A funding round led by MassMutual Ventures, bringing its total investment to around US$10 million
The plan: The company will use the funding to support sales and marketing efforts across the Asia Pacific, the Middle East, and North America. It will also ramp up its research and development to combat the new global threat landscape.
The company: Founded in 2015 by cybersecurity expert Rahul Sasi, CloudSEK aims to construct a future where intelligent machines can emulate human cognition to predict cyber threats even before they occur. It employs unique data sets, proprietary ML models, and non-intrusive techniques to identify, analyse, and resolve cyber threats proactively.
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Image Credit: Carzuno
The post In Brief: Carzuno raises US$500K, Circulate Capital invests in 3 US startups appeared first on e27.