Convergence Ventures

Carsome raises $50M for its used-car sales platform in Southeast Asia

Carsome, a Malaysia-based marketplace for trading used cars, has closed a new $50 million financing round to fend off its rivals and grow its business in Southeast Asian markets. The new financing rou

Indonesia’s KoinWorks raises $12 million to grow its P2P SME lending platform

KoinWorks, an Indonesian startup that helps small and medium-sized businesses secure financial services through its online peer-to-peer platform, has raised $16.5 million SGD ($12 million USD) in a ne

Indonesia-focused Intudo Ventures raises new $50M fund

Intudo Ventures, a VC firm focused on Indonesia, has closed a new $50 million fund. This is Intudo’s second fund to date following its $20 million debut last year. The firm is a relative newc

Helpster, a platform for temp job seekers in Southeast Asia, raises $2.5M

Helpster, a two-year-old startup that connects blue-collar workers with employers in Southeast Asia, has closed $2.5 million in new funding. The startup operates in Thailand and Indonesia with around

East Ventures announces new $30M fund to continue investing in Indonesia

East Ventures is back at it again with another new fund to invest in early-stage companies in Indonesia, Southeast Asia's largest economy and the world's fourth most populous country. This new $30

Indonesia’s Kejora announces first close of $80M fund for Southeast Asia

Indonesia-based early-stage investment firm Kejora has announced the first close of a second fund which is targeted at $80 million for investments in Southeast Asia. Kejora, which is known for its

Helpster raises $2.1M to connect employers with blue-collar job seekers in Southeast Asia

Helpster, a Bangkok-based company that matches employers with people seeking blue-collar jobs, has banked $2.1 million to expand across Southeast Asia.

How Southeast Asia’s VC scene stacks up to China’s VC scene

Some VC firms have a global presence. But startup investment tends to be a very local activity. Gobi Partners’ Kay-Mok Ku, Convergence Ventures’ Adrian Li and Golden Gate Ventures’ Jeffrey Paine

Southeast Asia tech media company E27 raises $2.2M

Singapore-based media company E27 has closed a SG$3 million (US$2.2 million) Series A round as it looks to grow its tech-focused news website and events business.

Asian Tinder rival Paktor lands $10M to further global push with launches in Japan and South Korea

Paktor, a dating app that rivals Tinder in Southeast Asia, is pushing itself into more global markets. The Singapore-based startup just swiped right on $10 million in fresh capital after raising a rou