Genesia Ventures raises US$90M in first close of Fund 3
Investors include Canal Ventures, GREE, Japan Investment Corporation; Fund 3 will invest in pre-seed and seed-stage startups in Japan and Southeast Asia, while the investment size will increase to a maximum of US$4M per company.
Southeast Asia is one of the best markets for Web3 to take off, say experts
In a region where large groups are unbanked, Web3 provides people access to permissionless financial services with just a smartphone; Tokens have made it possible for companies to build solid and authentic communities around their products and brands.
P2P lending platform Julo raises up to US$60M Series B from Credit Saison
Julo connects institutional lenders with the underbanked and unbanked population through its app; The firm previously raised US$15M from investors, including Skystar Capital, East Ventures and Quona Capital.
SaaS startup Majoo raises US$5M more in pre-Series A
Investors are Quona Capital, AC Ventures, BRI Ventures, Xendit, and Divine Blessing Investments; The startup runs a super app catered to businesses with various software tools on it, including one for employee management and PoS.
Grupin lands US$3M to offer interactive, community-based shopping experience to consumers
Investors include Surge, Skystar Capital and East Ventures; Grupin helps consumers find, discover and band together to get great deals consistently while allowing them to share their experiences socially.
SatSure raises US$5M pre-Series A from ADB Ventures, others
SatSure will use the money to expand its footprint in Southeast Asia and launch its proprietary payloads to Low Earth Orbit; SatSure’s analytics platform combines satellite technology and operational data to minimise lending risk and offer actionable and timely insights.
DeFi startup Pillow raises US$3M
Investors include Elevation Capital and angels; The funds will be used to build alpha-generating DeFi strategies for popular crypto assets; Pillow is an exclusive community for users worldwide who want to earn market-beating interest rates on their crypto, instead of letting them lie idle.
Social commerce platform Selly raises US$2.6M
Investors are CyberAgent Capital, Do Ventures, Genesia Ventures, JAFCO Asia, and Kvision; Selly has more than 300K resellers, of which 80% come from lower-tier cities and mostly are housewives and people who have lost their jobs due to the pandemic.
Personal health coaching platform Sirka nets US$2.6M funding
Investors include AC Ventures, Wavemaker Group, Sequoia India, YC, and Goodwater Capital.
Sirka addresses weight loss and adjacent pre-chronic diseases by developing proprietary lifestyle programmes with support from health professionals.
Ex-Lazada exec’s quick commerce startup Bananas snags US$1.5M in seed financing
Investors are East Ventures, SMDV, ARISE, MDI Ventures, and unnamed angels; Y Combinator also invested US$500K in Bananas’s seed round as the company got accepted to its Winter 2022 batch.
Celebrity couple Raffi Ahmad and Nagita Slavina’s RANS Entertainment backs multi-vertical audio platform NOICE
NOICE’s live feature presents a social networking experience in audio format with real-time interactions between creators and listeners; Last September, it secured pre-Series A co-led by Alpha JWC Ventures and Go-Ventures.
All-in-one parenting platform Tentang Anak closes seed round
Investors are Insignia Ventures and prominent angels; Tentang Anak provides a child development ecosystem, combining pediatric and early childhood development practitioners to provide curation of science-backed products and services for children’s physical and mental development.
Gojek to roll out premium car-hailing service in Singapore
The firm will roll out GoCar Premium, an on-demand service for luxury vehicles, to all users in the city-state on February 14 with a fleet of premium taxis and four-seater vehicles.
Vistas Media’s SPAC merges with UAE’s music-streaming firm Anghami
The combined entity’s stock will begin trading on the Nasdaq under the ticker “ANGH; Anghami is a digital music entertainment platform in the MENA region with a catalogue of over 75M songs available to its more than 75M users.
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