The chosen startups leverage AI and blockchain technology to build SaaS products aimed to disrupt the fintech, insurtech, legaltech, and media industries.
The company will use the new funds to extend its footprint to 10 major markets across Asia Pacific within the next five years.
The Taiwan-based accelerator says it has a team of over 100 mentors and over 1000 alumni who help startups fine-tune their products and services.
The latest round comes after the company raised US$22.5 million from hedge fund Steadview Capital in March at a valuation of US$1.2 billion.
Zhuang Minghao, vice president at Matrix Partners China, says the bombshell report makes two “fatal” mistakes in its logic.
Hi-So said it plans to use the new funds to bankroll various marketing efforts as well as the renovation of its app.
How this market research platform plans on becoming the “Bloomberg of startups,” and what fresh funding will do for this HR tech firm
The two firms will invest in Indonesia-focused tech startups in Southeast Asia, backing founders in the region who emerge out of the coronavirus crisis.
The latest investment comes after the company completed over US$28.3 million in series C and C+ rounds of financing led by Qiming Venture Partners in April.
It reportedly approached the court, pleading it be excluded from an arbitration triggered after Amazon objected to Future Retail’s deal with Reliance.
The round comes after the company raised US$150 million in a funding round led by SoftBank Vision Fund 2 in September.
Covid-19 disrupted supply chains, but this didn’t stop Hope Technik from developing a highly accurate temperature assessment system in record time.
The startup plans to use the fresh funds to extend its business and services to the commerce, healthcare, and insurtech industries.
Six cornerstone investors, including GIC, Hillhouse Capital, and BlackRock, have agreed to subscribe for as much as US$1.35 billion of stock.
The bus aggregator startup will invest proceeds from the funding to upgrade operations in an attempt to make Cityflo a go-to brand for office commuting.
BRI Ventures plans to use the new capital to invest in the education, agro-maritime, retail, transportation, and healthcare sectors in Indonesia.
The move comes after Grab announced that it would invest US$500 million into Vietnam over five years in fintech, new mobility solutions, and logistics.
VentureCap Insights’ subscribers include major VC funds such as Sequoia Capital and Temasek as well as accounting firms Deloitte and PwC.
The Indian startup will use the funds raised to bolster its new line of businesses including pre-owned two-wheelers, customer financing, and servicing.
It also announced the launch its new office in Sydney to focus on serving its customers and growing its business across Australia and New Zealand.
The startup plans to use the new funds to scale its payments offering, develop new product verticals, and make strategic investments.
This acquisition comes after FinLink raised US$2.5 million in a seed round led by PF Ventures and Garuda Capital in 2019.
It plans to further grow and diversify the funding of its loan book as it aims to serve up to 10 million customers over the next few years.
The corporate venture capital firm joins other investors such as JD.com, Vertex Ventures, and Naver as a final close for the startup’s series C round.