Xen Capital raises US$7.5M in Series A funding round
This funding round was led by Headline Asia (formerly known as Infinity Ventures). Xen Capital said that it has processed more than US$200M worth of private market deals in the last 12 months.
Kinobi nets US$1M seed funding to support GenZ career development in Asia
Kinobi platform aims to bridge the “last-mile” education for Gen Z youths, helping them through the transition from school to work.
Peoplefund raises KRW75.9B (US$64M) in Series C funding round led by Bain Capital
Goldman Sachs, CLSA Lending Ark Asia, and 500 Global also participated in the funding round. The company said that this is the largest amount raised by any consumer loan-focused lending platform in South Korea.
ONE Championship issues new shares worth US$174M
Valuing the MMA organiser at US$1.2B, this information was based on ACRA filings and reflect only the equity funding received in a funding round.
Interactive learning platform LingoAce nabs US$160M to scale its teams in US, Europe, SEA
This round comes a few months after LingoAce bagged a US$55M Series B round, led by Tiger Global and Owl Ventures.
How biotech is changing the global agriculture game for investors
With biotech manufacturing set to transform agriculture, investors who want to stay ahead should pay attention to this rapidly evolving space, says Kyle Kling of MDI Ventures.
Grab’s value drops post-merger despite its leading presence in Southeast Asia
Grab’s listing fulfils a key milestone for the platform’s early investors. However, a 12 per cent drop in market value on its first trading day, resembling Paytm’s trading debut.
The future of food tech lies in building digitally autonomous restaurants
The turning point in the food tech and online ordering space was the introduction of third-party delivery apps, also known as food aggregators.
Alibaba undergoes management reshuffle
Alibaba is reassigning roles to four of its executives in one of the biggest reshuffles in its recent history. Its former CFO Maggie Wu will step down next April and be replaced by Toby Xu, current deputy CFO.
How MRANTI plans to advance Malaysian startup ecosystem with US$7M
According to the CEO of Technology Park Malaysia (TPM) Dzuleira Abu Bakar the main issue stifling innovation in Malaysia is the poor management and low commercialisation rates for these ideas.
Singapore amongst the fastest adopter of digital banking
A new consumer survey by Publicis Sapient found that Singaporeans are prolific users of mobile banking, with 50 per cent consumers indicating turning to mobile apps to communicate with their bank.
Thailand leads SEA IPO resurgence, but has challengers
SEA companies have raised more than US$10 billion IPOs this year for the first time since 2017 as executives sought capital for expansion and stock exchanges worked hard to woo new listings. According to data compiled by accounting firm Deloitte, Thailand continued to lead the region by a large margin, with 35 companies and real estate investment trusts raising US$4.2 billion as of November 15.
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The post Ecosystem Roundup: Xen Capital raises US$7.5M; Kinobi gets US$1M; Peoplefund raises US$64M appeared first on e27.