The round follows Chai’s US$15 million series A raise in February. The company plans to use the new capital to fuel its global expansion plans.
Read More
The round follows Chai’s US$15 million series A raise in February. The company plans to use the new capital to fuel its global expansion plans.
Other investors in the round include Jungle Ventures and SoftBank Ventures Asia.
The Slack rival said it plans to expand more outside of Korea and Taiwan, including Japan, Vietnam, Malaysia, and the UAE.
The startup plans to use the series A funding to expand its product line and double down on direct mortgage financing.
It plans to launch new apparel categories in Singapore and Indonesia before possibly entering new countries next year.
New investors including EV Growth and Kasikornbank participated in the round.
Carro said the acquisition is part of its wider expansion plan across Southeast Asia.
The new fund aims to close in the next six months, with investors including South Korea’s National Pension Service.
SoftBank Ventures Asia plans to open offices and hire investment managers in Singapore and Shanghai.
Trevari runs a subscription-based platform where subscribers can join book clubs that meet in person.
Singapore will be home to Softbank Ventures Asia’s first base in the region.