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For startups, the journey of running a business is a rollercoaster of exhilarating highs and daunting challenges, particularly when it comes to managing funds and steering towards profitability. In this journey to bring innovative ideas to life, investors play an indispensable role, providing not just financial support, but also invaluable guidance and mentorship. At AsiaTechDaily, […]
Qualgro (Quality & Growth), a leading venture capital firm in Singapore, focuses on tech startups excelling in Data/AI, Software, and B2B sectors at Series A and B stages. Founded in 2015 by Heang Chhor, an experienced investor and former Senior Partner at McKinsey & Company, Qualgro has played a crucial role in the Singapore startup […]
Accel, an Indian venture capital entity, has disclosed the selection of eight fledgling startups in India for its latest accelerator initiative, known as ‘Atoms’. Under this program, startups stand to receive funding up to $500,000 alongside access to benefits exceeding $5 million from Accel’s network affiliates. Moreover, participants will benefit from tailored mentorship and the […]
HSBC has unveiled plans to establish a $1 billion ASEAN Growth Fund to provide lending to companies expanding through digital platforms across Southeast Asia. The bank’s recognition of Southeast Asia’s rapidly growing digital economy is forecasted to reach $600 billion by the end of the decade, a leap from $218 billion in value last year. […]
Indonesian InsurTech firm Qoala has completed its Series C funding round, securing $47 million in investment. PayPal Ventures, PayPal’s corporate venture arm, backed Qoala with the investment. PayPal Ventures and MassMutual Ventures co-led the funding, with participation from MUFG Innovation Partners, Ohana Holdings, and existing investors such as Flourish Ventures, Eurazeo, and AppWorks. Qoala’s recent […]
In January 2024, China saw the announcement of 251 venture capital (VC) funding deals, with a disclosed funding value of $2.6 billion, marking a decline of 8.4% in deal volume and 31.4% in funding value compared to the same period last year, according to GlobalData, a prominent data and analytics company. The trend continued into […]
Daniel Zhang, the former CEO of Alibaba Group, has taken on a new role as managing partner at China-based venture capital firm Firstred Capital. The announcement comes six months after Zhang’s departure from Alibaba. In his new position, Zhang will focus on exploring opportunities in merger and acquisition funds, as announced by Firstred Capital on […]
Philippines-based venture capital firm Kaya Founders recently concluded the second close of its two latest funds to support tech startups in Southeast Asia. This latest development brings the total capital of the new funds to 1 billion pesos (approximately $18 million), elevating the firm’s total assets under management to 1.25 billion pesos (about $22.5 million). […]
Health tech firm HiLabs has secured $39 million in Series B financing, the company announced on Thursday. The funding round was led by Denali Growth Partners and Eight Roads Ventures, with additional participation from F-Prime Capital. This investment follows the rapid adoption of HiLabs’ healthcare data management platform, MCheck, and will facilitate further development of […]
Canvas Ventures, a multi-family venture capital office, officially launched with a focus on early and growth-stage startups in deep tech and creative tech. Tailoring solutions for the Asian market, the firm aims to take Thai startups onto the international stage to support innovation and entrepreneurship in the region. Led by Pun-Arj Chairatana, former Executive Director of […]