Tag: malaysia
Singapore-based M Capital Management closes $30.85M debut fund to invest in Southeast Asian startups
M Capital Management founding partners Joachim Ackermann (left) and Mayank Parekh (right) M Capital Management, a Singapore-based venture capital firm, announced today it has closed its debut fund, M Venture Partners (MVP), totaling $30.85 million USD. It plans to invest in 40 early-stage startups, primarily seed and pre-Series A, with…
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Singapore-based Raena gets $9M Series A for its pivot to skincare and beauty-focused social commerce
Raena’s team, from left to right: chief operating officer Guo Xing Lim, chief executive officer Sreejita Deb and chief commercial officer Widelia Liu Raena was founded in 2019 to create personal care brands with top social media influencers. After several launches, however, the Singapore-based startup quickly noticed an interesting trend:…
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Malaysia-based inventory management platform Food Market Hub raises $4 million from Go-Ventures, SIG
Food Market Hub co-founders Anthony See and Shayna Teh Many restaurants still rely on spreadsheets to track their inventory of produce, meat and other ingredients. But using manual methods often results in food wastage and higher costs. Malaysia-based Food Market Hub is a cloud-based platform that connects food and beverage…
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Halal fintech startup Wahed closes $25M led by Saudi Aramco’s investment arm
New York-based fintech startup Wahed (meaning ‘One’ in Arabic) describes itself as a digital Islamic investment platform and as the world’s first ‘halal robo adviser’. It’s now closed a $25 million investment round led by Saudi Aramco Entrepreneurship Ventures (also known as Wa’ed Ventures), a venture capital investment arm of oil…
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Dahmakan, a Malaysian “full-stack” food delivery startup, raises $18 million Series B
Dahmakan, a full-stack food delivery startup based in Malaysia, announced today that it has closed a $18 million Series B. Investors include Rakuten Capital, White Star Capital, JAFCO Asia and GEC-KIP Fund, along with participation from South Korean food delivery app Woowa Brothers, and returning investors Partech Partners and Y…
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Skymind Global Ventures launches $800M fund and London office to back AI startups
Skymind Global Ventures (SGV) appeared last year in Asia/US as a vehicle for the previous founders of a YC-backed open-source AI platform to invest in companies that used the platform. Today it announces the launch of an $800 million fund to back promising new AI companies and academic research. It…
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