Malaysia’s online marketplace for offline advertising AdEasy has secured funding from Japanese eGift service provider Giftee Inc while Vietnam-based accelerator ThinkZone has launched its third batch, providing local startups with $100,000 support packages.
AdEasy raises funding from Japanese Giftee Inc
Malaysia’s online marketplace for offline advertising AdEasy announced Thursday it has secured funding from Japanese eGift service provider Giftee Inc through their Malaysian subsidiary, Giftee Malaysia.
This marks Giftee Inc’s first major investment outside of Japan as it expands into Southeast Asia. This round of funding is on top of the over RM1.8 million ($455,000) raised in two previous rounds of crowdfunding, and angel investment, bringing AdEasy’s valuation to RM17.5 million ($4.1 million).
Founded in 2017, Kuala Lumpur-headquartered AdEasy helps advertisers discover, compare and book ad space in magazines, newspapers, radio, television, cinema, and out-of-home media.
Vietnam’s ThinkZone launches Batch 3
Vietnamese accelerator ThinkZone has launched its third Batch, providing local startups with $100,000 support packages, according to an announcement.
In this batch, ThinkZone will support and develop early-stage tech startups from various verticals that already have customers/sales, and are in the process of validating their products in the markets.
ThinkZone Accelerator Batch 03 is open for application from July 14 to August 15, 2020, and is projected to last for five months.