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Posts Tagged ‘Singapore’

Crypto exchange Binance prepares to add margin trading ‘soon’

Binance, the world’s most prominent crypto exchange, says it is close to adding a much-anticipated margin trading feature to its service following weeks of speculation. The company tweeted confirmation of the upcoming feature in a screenshot which subtly teases the imminent arrival of margin trading options. Binance CEO Changpeng Zhao (pictured above) first revealed that ...

Biofourmis raises $35M to develop smarter treatments for chronic diseases

Biofourmis, a Singapore-based startup pioneering a distinctly tech-based approach to the treatment of chronic conditions, has raised a $35 million Series B round for expansion. The round was led by Sequoia India and MassMutual Ventures, the VC fund from Massachusetts Mutual Life Insurance Company. Other investors who put in include EDBI, the corporate investment arm ...

Bringing tech efficiencies to the agribusiness market, Silo harvests $3 million

Roughly $165 billion worth of wholesale produce is bought and sold every year in the U.S. And while that number is expected to go up to $1 trillion by 2025, the business of agribusiness remains unaffected by technology advancements that have reshaped almost every other industry. ‘ Now Silo, a company which has recently raised ...

Vertex Ventures hits $230M first close on new fund for Southeast Asia and India

Tis the season to be raising in India and Southeast Asia. Hot on the heels of new funds from Strive and Jungle Ventures, so Singapore’s Vertex Ventures, a VC backed by sovereign wealth fund Temasek, today announced a first close of $230 million for its newest fund, the firm’s fourth to date. Vertex raised $210 ...

YouTrip, a challenger bank in Southeast Asia, raises $25M for expansion

Singapore-based startup YouTrip thinks consumers of Southeast Asia deserve a taste of the challenger bank revolution happening in the U.S. and Europe, and it has raised $25 million in new funding to bring its app-and-debit-card service to more parts in the region. Challenger banks have sprung up in Europe in recent years. Unicorns Monzo, Revolut ...

InnoVen Capital, one of Asia’s most prominent venture debt firms, adds $200M more to its kitty

Founders might not believe it, but managing a venture capital firm isn’t all that dissimilar to a startup. Case in point today: InnoVen Capital, one of Asia’s most prominent venture debt firms, has pulled in $200 million in new money to continue its expansion in the region. The money comes from InnoVen’s two shareholders — ...

Crowned by Burger King, meat replacement company Impossible Foods raises $300 million

After being crowned by Burger King as the first meat replacement patty to roll out nationally with one of the largest fast food chains, Impossible Foods has raised $300 million in capital. The financing brings the company’s total equity raise to $750 million — and provides a sizable pool of funds to draw from as ...

Singapore’s Grain, a profitable food delivery startup, pulls in $10M for expansion

Cloud kitchens are the big thing in food delivery, with ex-Uber CEO Travis Kalanick’s new business one contender in that space, with Asia, and particularly Southeast Asia, a major focus. Despite the newcomers, a more established startup from Singapore has raised a large bowl of cash to go after regional expansion. Founded in 2014, Grain ...

Alibaba-backed ****** recognition startup Megvii raises $750 million

One of China’s most ambitious artificial intelligence startups Megvii, more commonly known for its ****** recognition brand Face++, announced Wednesday that it has raised $750 million in a Series D funding round. Founded by three graduates from the prestigious Tsinghua University in China, the eight-year-old company specializes in applying its computer vision solutions to a ...

Brankas wants to bring Southeast Asia’s banks and e-commerce into the digital era

Fintech continues to be among the biggest topics driving startups and investment in Southeast Asia. The region’s ‘internet economy’ is forecast to grow massively as its 600 million people increasingly come online — already Southeast Asia more internet users (350 million) than the U.S. has people but developing a robust payment landscape underpins those heady ...