“Fintech Brighte has secured $15.5 million in Series C funding, as it prepares to make a move into Australia’s home improvement sector.”
“Indonesian business-to-business marketplace Ralali raised US$13 million in a series C funding round…”
“Wavecell, a privately held communications platform-as-a-service (CPaaS) provider based in Singapore, has been acquired by New York-listed 8×8 for around US$125 million (S$170 million) in cash and stock, marking the US firm’s entry into the South-east Asian market.”
“Singapore-based venture capital firm Qualgro led a roughly US$11.2 million series A funding round for Pazzi, a brand and development company spun out of the French robotics and foodtech startup Ekim.”
“ShopBack, a Singapore-based startup that offers cashback and consumer rewards in Asia Pacific, has closed a $45 million round led by new investors Rakuten Capital and EV Growth.
Founded in 2014, the startup had been relatively under-the-radar until late 2017, when it announced a $25 million investment that funded expansion into Australia, among other things. Now, it is doubling down with this deal, which sees participation from another new backer, EDBI, the corporate investment arm of Singapore’s Economic Development Board. ShopBack has now raised close to $85 million from investors, which also include Credit Saison Blue Sky, AppWorks, SoftBank Ventures Korea, Singtel Innov8 and Qualgro.”
“PatSnap, the world’s leading provider of research and development (R&D) analytics, has today closed its Series D investment round led by Sequoia Capital and Shunwei Capital, with participation from Qualgro, The company closed US$38 million from the three investors, taking PatSnap’s total funding to date to over US$100 million.”
“Singapore-based video creation platform 90 Seconds has raised US$20 million in a series B funding round from a range of investors including SIG, Airtree Ventures, Sequoia India, Qualgro Venture Capital, Atami Capital, and Right Click Capital.”
“The venture capital fund of the Singtel Group and Singapore Airlines have joined three of Australia’s big four banks and Qantas as investors in Data Republic, a data-sharing platform creating secure infrastructure that could facilitate a new bilateral market for trade in data between Australia and Singapore.
The $22 million Series B raising was backed by existing investors Qualgro, a Singapore-based VC fund, Westpac’s corporate venture fund Reinventure Group, ANZ Banking Group and Ryder Innovation Fund.”
“Sydney artificial intelligence startup Curious Thing has raised $1.5 million in seed funding from Reinventure Group and Qualgro.
Founded last year by startup veterans Sam Zheng, previously cofounder and CTO of Reinventure portfolio company Hyper Anna; Dr Han Xu, formerly head of machine learning at the ASX-listed Flamingo AI; and David McKeague, previously cofounder of Incoming Media, the startup’s technology focuses on asking, rather than answering, questions.”
“Southeast Asia’s venture capital space is booming right now. Openspace Ventures just announced the close of its newest $135 million fund, Golden Gate Ventures hit the first close on its upcoming $100 million vehicle, and a third Singapore-based fund is also raising big right now: Qualgro.
Unlike others, Qualgro has operated relatively under the radar to date.”