Jungle leads $400k seed funding in Scrollback

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Scrollback, the Singapore-India based startup that is building free open-source chat platform for online communities has raised $400k (S$500,000) in seed funding led by Singapore-based venture capital from Jungle Ventures. The round was supported by Singapore’s National Research Foundation (NRF) under the Technology Incubation Scheme, Crystal Horse Investments, Singapore Angel… Read more »

Vertex leads $30m Series B in China’s Metao

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Chinese e-commerce firm Metao.com has raised $30 million in Series B financing from a group of investors led by Singapore’s Vertex Ventures, local media reported. The other investors include Morningside Ventures, Greenwoods Investment, in addition to existing Matrix Partners, the Chinese media reports added. This comes within six months of… Read more »


Indonesia’s FDN raises $1m Series A funding

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Indonesia’s Female Daily Network (FDN), which operates websites such as Female Daily and Mommies Daily said it has raised $1 million in a Series A funding from a group of investors led by Ideosource. The other investors include Sinar Mas Digital Ventures and Jakarta-based Convergence Accel. FDN said it would use… Read more »


Dating app Paktor raises $3.3m Series A funding

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Paktor, which has been referred to as Southeast Asia’s Tinder, has just closed its Series A investment round, bringing the total amount raised to over US$5 million in the last 12 months, said the company. The Series-A investment was led by Vertex Venture Holdings, an investor in GrabTaxi and Reebonz,… Read more »


V-Key raises $12m in Series B from Alipay arm

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Singapore based mobile security and cryptographic tech company V-Key Inc will be raising $12 million in Series B funding from Ant Financial Services Group (Ant Financial) which is the operating company for Alipay; and VC firm IPV Capital, the company said an official statement . Ant Financial will be taking a minority… Read more »


Kasikorn Bank invests in Tee Entertainment, Zinco

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K-SME Venture Capital Company, a subsidiary of Kasikorn Bank (KBank), will be investing   $1.5 million in two SMEs – Tee Entertainment Company and Zinco Living Company. Of the total amount, 45 million baht ($1.38 million) will be invested in Tee Entertainment, representing 33.83% of the company’s registered capital of… Read more »


Malaysian VC Teak Capital plans IPO exit

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Malaysia based Teak Capital Sdn Bhd, a venture capital management firm, is looking to exit some of its investments in the near future. The disinvestment could take place through an IPO, says managing director and founder Chok Kwee Bee. According to her, Teak Capital’s inaugural fund (Teak Ventures), already in its sixth… Read more »


Thailand’s MTR turns VC with SME Bank

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Thailand based MTR Asset Manager Company Limited, has entered into the venture capital space. It plans to support small-and medium-sized entrepreneurs (SMEs) so that they can grow rapidly. After signing the Memorandum of Understanding (MOU) of Venture Capital for SMES-OTOP project with the SME Bank today, the company’s chairman Chatu… Read more »


Thailand’s SME Bank to launch VC fund

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Thailand’s Small and Medium Enterprise Development (SME Bank) will launch a venture-capital fund this week in order to support high-potential small and medium enterprises (SMEs), who cannot access the financial source, a top executive with the company said. The venture fund is likely to use a budget of around 100… Read more »


Sentinext raises $14m Series B funding 

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Sentinext Therapeutics has successfully completed $14 million Series B financing to further develop its vaccine against the hand, foot & mouth disease (HMFD). The funding will help advance the development of its state-of-the-art bivalent Virus Like Particles (VLP) vaccine against the disease, the company said in an official statement,  adding that… Read more »