MindLogic, an AI startup based in South Korea, has secured 7 billion won in Series B funding, with investment from Lee Soo-man, the former chief producer of SM Entertainment. This makes Lee Soo-man’s investment in MindLogic 10 billion won.  Known for actively backing promising Korean startups in drones and biotech, Lee has chosen MindLogic as […]

Japan will introduce a residency program for angel investors to encourage investment in the country’s startups. The program aims to attract much-needed investment capital and will offer residency lasting up to five years. This initiative comes as Japan seeks to boost its startup ecosystem in key sectors. According to a report by Nikkei Asia, the […]

OpenAI, led by Sam Altman, has been attracting attention in the global AI landscape. Temasek’s involvement is likely due to the growing importance of AI technologies and the interest of state-backed entities in investing in advancements in this field. Singapore’s Temasek Holdings, a state-owned investment firm, is currently engaged in preliminary discussions to invest in […]

Indonesian fintech startup Wagely has secured $23 million in funding. The latest funding round, a combination of equity and debt financing, was led by Capria Ventures, a venture capital firm specializing in applied Generative AI. Existing investors also participated, along with a contribution from a private debt fund.  Wagely, known for its earned wage access […]

Moonshot AI, a Chinese AI startup, has clinched a staggering sum of over $1 billion in its Series B funding round for the development of large language models (LLMs). The financial injection, led by e-commerce titan Alibaba and venture capital HongShan, drives Moonshot AI’s valuation to an impressive $2.5 billion.  HongShan, the Chinese counterpart of […]

Singapore-based UnoAsia, the parent company of Uno Digital Bank in the Philippines, has completed a pre-Series B funding round, securing $32.1 million in investment. The funding, comprising equity and debt, was led by Gateway Partners, Creador Private Equity, and Nextinfinity Management. With this latest round, UnoAsia has raised approximately $75 million.  This funding injection will […]

Transparently.ai, headquartered in Singapore, has secured an investment from Franklin Templeton as part of its entrance into the asset manager’s FinTech Incubator program. The investment comes as the AI company, specializing in identifying accounting fraud, announced its successful pre-Series A funding round of US$3 million. With a focus on combating financial crime, the collaboration with […]

Malaysia’s pension fund, Kumpulan Wang Persaraan (Diperbadankan) (KWAP), has unveiled its initial investments under the Dana Perintis strategy, with $21 million. The investments include two direct investments in local startups and commitments to two venture capital funds. KWAP has announced its support for two startups, Bateriku (M) Sdn Bhd and Lapasar Sdn Bhd, as part […]

Vietnamese startup BlokID, specializing in blockchain-driven privacy protection solutions, recently secured $1.25 million in a seed funding round. The financing, led by Ascend Vietnam Ventures and AppWorks, is expected to boost their product development and expand market reach.  BlokID plans to launch its services by the second quarter of 2024, with a focus on empowering […]

Singapore-based health-tech startup Mesh Bio has secured $3.5 million in Series A financing led by East Ventures, a venture capital firm focused on Southeast Asia. Elev8, Seed Capitals, and existing shareholders also participated in the round.  This funding will enable Mesh Bio to expand its digital twin technologies to healthcare providers in Hong Kong and […]