Southeast Asia

Antler’s founder on its vertical AI bet in Southeast Asia

A growing roster of vertical AI startups is emerging in Southeast Asia to serve sectors ranging from seafood to finance. Singapore-based venture capital firm Antler recently made a bet on 37 of them,

Peak XV takes startups on a Silicon Valley trip in AI push

Peak XV, the venture capital firm that split from Sequoia Capital last year, is taking its portfolio companies from India, Southeast Asia and Australia on an “immersion” trip to Silicon Va

AC Ventures closes its new $210M Indonesia-focused fund

In the middle of a long funding winter, AC Ventures’ latest news will give Southeast Asian startups hope. The Jakarta, Indonesia–based venture firm announced today it has raised $210 million, fini

IP analysis platform Patsnap launches CoPilot, its new AI assistant

Founded in 2007 to help IP and R&D professionals do their jobs more efficiently, Singapore-based Patsnap‘s first product was a global patent search database. Now it’s building out its suit

Gravel gets funding from NEA to support Indonesia’s booming construction industry

Indonesia’s construction industry is growing quickly, driven by residential and industrial building, alongside infrastructure development plans by the government. Sourcing skilled labor is still a t

Backed by East Ventures, Fr8Labs aims to digitize Asia’s logistics industry

In Western markets, freight forwarders are well into digitizing their operations, but the same doesn’t hold true in Southeast Asia, say the founders of Fr8Labs. The reasons for that include the lack

Wind.app makes DeFi accessible to the average consumer

Hussain Elius is best known as the co-founder of Pathao, one of Bangladesh’s top ridesharing apps. For his latest startup, however, Elius is exploring the world of DeFi with Wind.app, a self-custodi

Inflow connects small fashion brands with manufacturers in Vietnam

Textiles and garments contribute 16% of Vietnam’s total GPD, but it’s challenging for small garment brands to take advantage of the country’s manufacturing prowess. Inflow is stepping into the g

Southeast Asia funding at its lowest level in six years

Every year, Temasek teams up with Bain & Company on the e-Conomy SEA report. It covers Southeast Asia’s digital economy and is published by Google. This year’s report, published today, undersc

Korea Investment Partners is the latest Korean VC firm to launch a Southeast Asia fund

More South Korean investors are putting money into Southeast Korea startups, creating an “investment corridor” between the two regions. The latest one is KIPSEA. Short for Korea Investment Partner

Singapore-based fintech YouTrip picks up $50M led by Lightspeed

YouTrip, a Singapore-based fintech that offers multicurrency wallet for consumers and business accounts with corporate cards for SMEs, has its eyes on growth throughout Southeast Asia after landing a

Triple-A gets funding from Peak XV to help more businesses use crypto

Created by the founder of Thunes, global digital currency payments institution Triple-A wants to close the gap between traditional finance and blockchain-based payments with its white-label solutions

Parallax removes the friction from cross-border payments

Sending money across borders is filled with friction, like long wait times, high transaction costs and markups on currency exchange. A startup called Parallax wants to make the process faster and chea

English learning platform ELSA lands $23M Series C

ELSA, the English language learning platform, announced today it has raised $23 million in Series C funding. It also launched ELSA AI Tutor, which draws on years of speech recognition data collected b

500 Global closes $143M fund for Southeast Asia startups

500 Global, the venture firm and seed accelerator, has closed $143 million in financing for what it claims is its largest Southeast Asia early-stage fund to date. The new tranche, 500 Southeast Asia I

Backed by Peak XV and Jungle, Neurowyzr puts the focus on brain health

The rate of dementia is expected to double every 20 years, but many tools for early detection, like MRI scans, are difficult for patients to access. Neurowyzr wants to help more people get brain healt

Solar AI wants to make solar power more accessible in Southeast Asia

High energy prices are leading to a solar boom across the world, but in Singapore, many home owners are still hesitant to install solar panels because of the high cost, says Bolong Chew, the founder o

HealthXCapital’s team joins Jungle Ventures

The team behind HealthXCapital, which invested in and helped health tech startups scale up, has joined Singapore-based Jungle Ventures. Seemant Jauhari, who led HealthXCapital since it was founded eig

Singapore wealth management platform Endowus raises $35M

Back in 2021 and early 2022, there was a flurry of VC interest in Southeast Asian investment apps. One of them was Singapore-based Endowus, which raised two rounds in rapid succession: a Series A in J

With $37M seed round, Maka Motors begins EV pilot on Indonesia’s streets

A recent report said that Indonesia’s electric vehicle (EV) market is projected to reach $20 billion by 2029, up from $533 million in 2022. Moreover, as much as half of the overall motorbike ma
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