Ruangguru, an education tech startup founded by one of Indonesian President Joko Widodo’s “millennial advisors”, has secured a $150 million Series C funding round led by General Atlantic and GGV Capital. The…
Thai Workplace App Eko Wins $20m Funding Round
Bangkok-based workplace app firm Eko has secured a $20 million Series B funding round, as it expands into the European market with a London office. The round was led by Indonesian VC…
South Korean Government Sets Aside $880m for Blockchain
South Korea’s government has ringfenced $880 million in its annual budget next year, to invest in high-innovation technology – particularly the blockchain. In a release issued on Tuesday, the country’s deputy prime…
Klook Looks Global with $200m Funding Round
Travel platform Klook has won a $200 million Series D funding round, as the Hong Kong-headquartered firm looks to expand beyond its strong Asian base. The round, led by firms including Sequoia…
Alibaba Heads Investment in Israel’s SQream DB
Alibaba has spearheaded a Series B funding round in Israeli company SQream DB, marking its first major investment in the Middle Eastern nation. The round, totaling $26.4 million, also included Hanaco Venture…
Alibaba-backed AI Startup SenseTime Bags Record $600m Funding Round
A Chinese artificial intelligence startup has just closed a funding round worth $600 million, which is the single largest venture investment in the burgeoning AI industry. SenseTime, a Beijing-based face and image…
Canva Becomes Australia’s Second Tech Unicorn
Australian graphic design firm Canva has become Australia’s first tech unicorn. The Sydney-based company, which currently employs 250 people, received a funding round of $40 million from China’s arm of Sequoia Capital,…
YOYO’s PopSlide to Pounce on Mobile’s Next Billion
by Anam Alpenia Smartphone purchases in the developing world are rocketing. In southeast Asia, where YOYO Holdings, an innovative mobile advertising firm has set up shop, the market is growing 65% year…
Malaysian Government Fund Invests $22m in Austin’s Phunware
Khazanah Nasional Berhad, the strategic investment fund of the government of Malaysia, has announced that it invested $22 million of Series F growth financing in Phunware, an Austin, Texas-based multiscreen platform provider.…
Cambodia’s Tech Scene Needs Private Money, But It’s On The Up
Southeast Asia has been racing towards tech in recent years, and several formidable ecosystems have appeared across the region. For Cambodia, one of its smaller nations with a population of just 15…