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Posts Tagged ‘Singapore’

Style Theory, a fashion rental startup in Southeast Asia, raises $15 million led by SoftBank Ventures Asia

Style Theory, a platform for renting designer apparel in Indonesia and Singapore, announced today it has raised $15 million in Series B funding. The startup says this is the first closing of the round. It was led by SoftBank Ventures Asia, the early-stage venture arm of SoftBank Group, with participation from other investors including Alpha ...

What it’s like to take a vacation in Singapore’s Changi Airport

Singapore's Changi Airport is rated the #1 airport in the world by most entities that rate airports. It has theme parks, free movies, a retro video game arcade, hiking trails, and much more. Stephanie Rosenbloom took a 27-hour vacation there with her husband and wrote about it for The New York Times. I was ...

Facebook bowed to a Singapore government order to brand a news post as false

Facebook added a correction notice to a post by a fringe news site that Singapore’s government said contained false information. It’s the first time the government has tried to enforce a new law against ‘fake news’ outside its borders. The post by fringe news site States Times Review (STR), contained “scurrilous accusations” according to the ...

Anti-money laundering software startup TookiTaki raises $11.7 million in additional Series A funding

TookiTaki, a startup that develops machine learning-based financial compliance software, announced today it has raised a $11.7 million in additional Series A funding, led by Viola Fintech and SIG Asia Investment, with participation from Normura Holdings. Existing investors Illuminate Financial, Jungle Ventures and SEEDs Capital also returned for the extension, which brings TookiTaki’s total Series ...

Lucence raises $20 million Series A for its non-invasive cancer screening technology

Lucence Diagnostics, a genomic medicine startup that develops non-invasive tests for cancer screening, announced today that it has raised a $20 million Series A led by IHH Healthcare, one of the world’s largest integrated private healthcare groups. Other participants included SGInnovate and returning investors Heliconia Capital (a subsidiary of Temasek Holdings), Lim Kaling and Koh ...

Plug and Play launches an accelerator to develop technologies addressing plastic waste

The Plug and Play network of accelerator programs is partnering with the non-profit organization The Alliance to End Plastic Waste to create an accelerator focused on developing technologies to reduce, remove or replace plastics in the industrial ecosystem. Like Techstars, Plug and Play operates a number of industry-focused accelerator programs around the world and for ...

Dyson kills its electric car project and turns to solid-state batteries

Dyson said it will end its electric vehicle project after determining it could not make the car commercially viable or find a buyer. The company, known for its high-tech vacuum cleaners and fans, said in a statement Thursday that its automotive team had developed a fantastic car, but decided to close the project. Dyson also ...

Honestbee owes almost $1 million in unpaid salary to employees, according to affidavit filed by its CEO

Honestbee, the Singapore-based grocery delivery startup that has been struggling with financial issues, owes 217 employees a total of almost USD $1 million in unpaid salary. The Strait Times reported that the figure was revealed in an affidavit filed in court on Sept. 20 by Honestbee CEO Ong Lay Ann as part of the startup’s ...

Reefknot Investments launches $50 million fund to invest in logistics and supply chain startups

Reefknot Investments, a joint venture between Temasek, Singapore’s sovereign fund, and global logistics company Kuehne + Nagel, announced today the launch of a $50 million fund for logistics and supply chain startups. The firm is based in Singapore, but will look for companies around the world that are raising their Series A or B rounds. ...

Elliptic banks $23M to shrink crypto risk, eyeing growth in Asia

Crypto means risk. To UK company Elliptic it also means business. The startup has just closed a $23M Series B to step up growth for a crypto risk-management play that involves selling tech and services to help others navigate the choppy darks of cryptocurrencies. The round was led by financial services and asset management firm ...