Kate Park

The Latest from Kate Park

Elon Musk’s The Boring Company to take on hyperloop project

Elon Musk said Sunday via Twitter that his tunnel-building-for-urban-transport business The Boring Company will attempt to build a high-speed, and still theoretical, hyperloop in the coming years. In

CellMEAT, a South Korean lab-grown shrimp producer, bags $8.1M Series A funding  

As consumers’ interest in the environment and nutrition rises, food-tech companies join the race to invent meat alternatives. In 2021, alternative seafood companies received $175 million in investme

Japanese insurance company Tokio Marine launches CVC fund to back early-stage startups 

Tokio Marine, a Tokyo-headquartered insurance corporation, said Tuesday it has launched its $42 million corporate venture capital (CVC) fund, dubbed Tokio Marine Future Fund, to invest in early-stage

Tokyo-based Luup to more than double shared e-scooters, e-bikes

Shared micromobility company Luup has raised $8 million (1 billion yen) in debt and asset financing to meet the growing demands of Japan’s micromobility market, which according to a recent repor

Peeba raises $4.2M to digitize Asia’s B2B wholesale market  

Over the past two years, Asia’s retailers were forced to do virtual meetings instead of visiting in-person trade shows or conferences to source new brands and products due to the pandemic lockdowns.

Samsung’s upcoming Q1 earnings top estimates on solid chip demand 

Samsung Electronics released Thursday its preliminary earnings for the first quarter of 2022.  The company said it forecasts to report consolidated revenue of $63.1 billion (77 trillion KRW) and an

Wholesum raises $50M Series A to roll up third-party sellers on e-commerce platforms

As the boom of the e-commerce aggregator trend continues in Asia, South Korea, the fifth-largest e-commerce market in the world, is rolling up. Wholesum, a Seoul-based e-commerce aggregator, is jumpin

Gumi Cryptos Capital closes $110M second fund to back blockchain startups 

San Francisco- and Tokyo-headquartered gumi Cryptos Capital (gCC), a venture capital firm that focuses on blockchain startups, said it has launched a new $110 million early-stage fund. The venture cap

Yami bags $50M Series B to boost its online Asian marketplace 

When Alex Zhou moved to the Midwest for college in 2007, he had limited access to Asian groceries and products. Zhou had to drive two hours to purchase his favorite Asian products at the nearest loca

India dominates Y Combinator’s latest startup batch (again)

Yet again, India is the most represented country, outside of the United States, within the latest Y Combinator accelerator batch: the Winter 2022 cohort sports 32 startups hailing from Gurugram, Benga

Kaiyo gets $36M Series B for its secondhand furniture marketplace

Furniture is one of the largest waste categories in the U.S., generating more than 12 million tons of waste in landfills every year, according to 2018 data by the Environmental Protection Agency. Kai

Australian fintech Zepto raises $25M AUD Series A to enhance payment infrastructure

Zepto, an Australian real-time account-to-account (A2A) merchant payments platform, said Monday it raised a $25 million AUD Series A (about $18.8 million USD) co-led by AirTree Ventures and Decade Par

Samsara Eco wants to help end global plastic crisis with enzyme-based technology

Global plastic use is expected to double by 2040, with most plastic sent to landfills and only 13% recycled. According to CIEL (Center for International Environmental Law), plastic production and inc

LG Energy increases battery production in the US with $1.4B investment

South Korea’s LG Energy Solution, which supplies electric vehicle batteries to Tesla, Lucid Motors, General Motors and Proterra, said on Thursday it is investing $1.4 billion (1.7 trillion KRW) to b

Korean startup Dongnae secures $21M Series A to scale apartment rental service   

Dongnae, a South Korea-based startup that helps tenants find premium apartment rentals, has closed $16.4 million (20 billion KRW) in equity and $4.1 million (5 billion KRW) in debt. The Series A fundi

Japan’s Terra Drone lands $70M Series B funding to accelerate global expansion 

As the use of aircraft like drones, electric vertical take-off and landing vehicles and uncrewed aerial vehicles take off, Japanese startup Terra Drone wants to make sure trafficking the skies doesn&#

SME lending platform Validus acquires Citi Singapore’s CitiBusiness loan portfolio 

Validus, a Singapore-based lending platform for small and medium-sized enterprises, is acquiring CitiBusiness’ loan portfolio for an undisclosed amount to bolster its top-line revenue and custom

Block backs Japanese fintech startup Kyash in $41.2M round

Kyash, a Tokyo-based mobile financial app, has raised $41.2 million (4.9 billion JPY) in Series D funding.  The round comes from a number of investors, including Japan Post Investment Corporation, Bl

Indonesian startup GoTo to raise up to $1.1B in IPO

Indonesia’s tech firm GoTo Group, which was formed last year via a merger between ride-hailing giant Gojek and marketplace Tokopedia, plans to raise at least $1.1 billion (15.2 trillion rupiah) from

Makers Fund closes third fund at $500M to back interactive entertainment companies

Makers Fund has closed its third fund of $500 million to invest in interactive entertainment startups. Founding partner Jayson Chi told TechCrunch that it now has over $1 billion in assets under manag
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