Asia Digest: Vulpes IM backs UbiCar parent; HOV fund for Pak accelerator

Asia Digest: Vulpes IM backs UbiCar parent; HOV fund for Pak accelerator

HOV Accelerate is backed by Singapore-based venture studio High Output Ventures.

Ubi Technology, the parent company of UbiCar, Australia’s first usage-based insurance (UBI) company, has raised capital from Vulpes IM, while High Output Ventures has launched an early-stage fund to back the Pakistan-focussed startup accelerator HOV Accelerate.

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