TipTip, a one-stop platform for content creators, raised US$ 10 million in seed funding led by East Ventures
TipTip, a one-stop platform for content creators across Southeast Asia, today announced that it has secured US$ 10 million in the seed funding round, marking one of the biggest seed rounds ever. This funding was led by East Ventures, with the participation from Vertex, EMTEK, SMDV, and prominent family offices.
wagely nets additional US$ 8.3 million in oversubscribed pre-series A funding
wagely, Asia’s fastest-growing financial wellness platform has raised $8.3 million in an oversubscribed pre-series A funding as the company scales its platform to help workers access their earned salaries on demand in Indonesia and Bangladesh. The funding comes in just seven months after securing its seed funding.
Mighty Jaxx raises US$ 20 million in series A+ funding led by East Ventures
Mighty Jaxx, an award-winning future culture company that designs and produces phygital collectibles, announced the first close of US$20 million in their oversubscribed Series A+ funding round, pushing the company’s valuation to over US$200 million.
Bananas, Indonesia-based quick commerce startup, raises US$ 1.5 million seed funding led by East Ventures
Bananas, a quick commerce startup based in Indonesia, has secured a total of US$ 1.5 million in seed funding. This funding was led by East Ventures, with the participation from SMDV, ARISE, MDI Ventures, Y Combinator and a few angel investors.
Fuse insurtech achieved 2021 target by closing more than US$ 105 million in terms of GWP
Insurtech company Fuse announced an impressive 2021 performance with Gross Written Premium (GWP) of policies utilizing the Fuse platform exceeding US$ 105 million. This represents more than 2% of the market share in terms of the general insurance market. Despite the challenging situation due to the Covid-19 pandemic, Fuse still managed to double its market share and improving the quality of its platform and services.
Aruna raises US$ 30 million in follow-on series A funding, bringing total capital raised to US$ 65 million
Aruna, Indonesia’s leading fishery and marine platform, has announced a US$ 30 million Series A follow-on funding led by Vertex Ventures Southeast Asia & India. The round also saw participation from existing investors Prosus Ventures, AC Ventures, East Ventures (Growth Fund), Indogen Capital, SMDV and SIG Venture Capital.
Inteluck, technology-driven logistics platform in Southeast Asia, announced US$ 15 million series B funding
Inteluck, a Southeast Asian technology-driven logistics platform, said today that it has raised US$15 million in a Series B fundraising round. Creo Capital, a Hong Kong-based investment firm under New World Group, spearheaded the investment. East Ventures and Headline Asia are among the investors in this round. Favour Capital, a TMT boutique investment bank focused on China and Southeast Asia, served as the round's exclusive financial advisor.
Xurya receives US$ 21.5 million series A funding from investors led by East Ventures and Saratoga
Xurya, a renewable energy startup with a focus on Rooftop Solar Power Plant rental in Indonesia, announced series A funding of US$21.5 million or equivalent to Rp 308 billion. This series A funding round was led by a venture capital firm, East Ventures (Growth fund), and PT Saratoga Investama Sedaya Tbk. (Saratoga) with the returning participation of existing investors Schneider Electric and New Energy Nexus Indonesia.