Startups AdAsia, 99.co raise US$20m in Series A funding

Singapore

TWO Singapore-based companies announced this week that they have raised nearly US$20 million in Series A funding, a sign that investors are reverting to making huge bets on early-stage startups.

The first is property search portal 99.co. The Business Times has learnt that the three-year-old startup has secured US$7.9 million in a round led by existing investors Sequoia Capital India and Eduardo Saverin, taking total funding to over US$10 million.