Spini gets S$1m first round funding from Walden International

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Singapore-based crowdsourced sales referral and leads generation startup Spini has raised first round funding worth S$1 million (around $750,000) from venture capital firm Walden International, paving way for its expansion in the Indian market. The startup already has a presence in the Indian cities of Chennai and Bangalore. The money… Read more »

Ardent Capital enters Indonesia’s e-commerce biz with MOXY

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Venture capital firm Ardent Capital has entered Indonesia’s rapidly growing e-commerce market with the launch lifestyle brand MOXY. It will be competing with the likes of Lippo’s MatahariMall, the MAPeMall, Lazada for one of the largest emerging e-commerce markets in the South East Asia. Thailand based e-retailer MOXY was acquired by Ardent Capital-backed WhatsNew Group… Read more »


Malaysia’s Offpeak gets $800k Series A from Gobi Partners

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Malaysia-based dining app, Offpeak, has secured $800,000 in Series A funding from Gobi Partners for its regional expansion. Offpeak, which caters to more than 600 eateries and has served over 50,000 diners in major cities around Malaysia, aims to use these funds to expand into new markets within Southeast Asia… Read more »


New York-based Onevest launches Series A financing

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New York-based​ startup investment platform Onevest announced the launch of its Series A round of financing last Friday, to mark the implementation of Title IV of the JOBS Act by the US Securities and Exchange Commission to facilitate smaller companies’ access to capital. This change in the US regulatory landscape… Read more »


Asian Crowdfunder launches in Malaysia, looking to enter Singapore, Indonesia, Thailand

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Equity-based crowdfunding platform Asian Crowdfunder has launched its operations in Malaysia this month,  and is in the process of starting operations in Singapore, Indonesia and Thailand. The pan-Asian platform, which claims to be accessible to vetted accredited investors only, is founded by an international team of experienced and successful entrepreneurs… Read more »


SAME Venture Capital launches with $483m initial fund, to invest in Malaysian SMEs

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The Secretariat for the Advancement of Malaysian Entrepreneurs (SAME) has launched SAME Venture Capital with an initial fund size of RMB3 billion ($483 million) largely backed by China investors, to provide local startups and small medium enterprises (SMEs) alternative funding. The VC is spearheaded by SAME, a unit under the… Read more »


VC broad themes: online, mobility, speed & rising middle class

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The online platform, mobility, speed and tackling the rising middle class in Southeast Asia continues to be among the broad current trends that venture capitalists (VCs) are keen on, a panel of VCs noted recently. In a panel session titled ‘In Search of the Next Big Global Innovation’ at the… Read more »


VC KK Fund invests extensively in Malaysia: Report

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Singapore-based KK Fund is investing heavily in the Malaysian startup ecosystem and also the emerging markets like the Philippines and Indonesia, says a media report by Singapore-based web technology portal e27, One of the investments that KK Fund has made is a $250,000 seed investment in Malaysia-based Be Malas and led the  $500,000 seed round. Commenting on the… Read more »


Exclusive: Vietnam to launch a national venture capital fund by year-end

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The Vietnam Ministry of Science and Technology is exploring the possibility of establishing a national venture capital (VC) fund, to foster the growth of local startups and build a strong ecosystem, DEAL STREET ASIA has learnt. The ministry has founded a number of supporting organisations, such as the National Foundation… Read more »


Frontier Digital Ventures invests in Tanzania’s Kupatana.com

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Digital investment firm, Frontier Digital Ventures (FDV) has made a landmark investment in Kupatana.com, a leading online classifieds business in Tanzania. The investment continues the firm’s successful strategy of partnering with market leaders in online classifieds segment within frontier markets globally, FDV said in a statement. The investment amount was… Read more »