THE PITCH

AEvice brings wearables and the cloud to paediatric asthma treatment

AEvice Health chief executive Adrian Ang had asthma as a child, so he understands how challenging it can be to manage the respiratory condition in young children.

Fintech platform Helicap acquires securities firm Arcor Capital

FINTECH startup Helicap, which offers alternative lending services in South-east Asia, has acquired securities firm Arcor Capital. 

DocDoc raises US$13m; total funds hit US$24.6m

MEDICAL technology startup DocDoc, which uses artificial intelligence for medical services delivery, announced an institutional capital fundraising of US$13 million.

Cybersecurity startup CyCraft raises US$5.65m in Series B round

TAIWAN-BASED technology firm CyCraft, which provides artificial intelligence (AI) solutions to enhance cybersecurity of businesses, on Friday announced a US$5.65 million fundraise in a Series B round.

HOMI Smart Home raises US$1.3m in seed round

SMART home products and services provider HOMI Smart Home has raised US$1.3 million in a seed round led by SeedPlus, AngelCentral and Xoogler Angels. 

STARTUPS

Grab to invest US$2b in Indonesia over a period of 5 years

GRAB commits to investing US$2 billion in Indonesia over a period of five years, with capital invested through Japanese conglomerate Softbank to speed up Indonesia's development of digital infrastructure.

Grab to invest US$2 billion in Indonesia through SoftBank capital over next five years

GRAB has committed to investing US$2 billion into Indonesia over five years, with capital invested by Japanese conglomerate SoftBank to speed up the country’s development of digital infrastructure. 

StashAway raises US$12m led by Eight Roads Ventures

STASHAWAY, a robo-advisor that serves both retail and accredited investors, has raised US$12 million through a Series B round led by Eight Roads Ventures, the proprietary investment arm of Fidelity International.

Healthcare firm Halodoc raises about US$100m in Series B, B+ rounds

INDONESIAN healthcare startup Halodoc has announced additional fund raise in a Series B+ round from strategic investors, including Bill & Melinda Gates Foundation, Allianz X and Prudential. Allianz and Prudential are both customers of Halodoc's services. 

Venture firm Cocoon Capital raises S$30 million for its second fund

SINGAPORE-BASED venture firm Cocoon Capital has raised S$30 million for its second fund to aid enterprise tech startups in South-east Asia. 

STARTUPS

Music tech startup sees vast potential in South-east Asia

THE absence of a thriving music technology ecosystem in the region inspired founders of Musiio, Hazel Savage and Aron Pettersson, to combine their music and artificial intelligence (AI) backgrounds respectively to form the music tech startup in January 2018.

THE PITCH

Asia's untapped markets for AI-based song analysis is music to Musiio's ears

IT did not take long for the founders of music technology startup Musiio to realise that the Asian music market is a land of diverse needs. 

South-east Asia's Rise to run AI accelerator programme from Singapore

REGIONAL corporate accelerator Rise will be helping Singaporean startups enter Thailand’s innovation ecosystem and collaborate with local partners to develop solutions that target market needs, under a partnership with Enterprise Singapore.

Online fashion platform Zilingo appoints James Perry as chief financial officer

FASHION and e-commerce platform Zilingo has appointed James Perry as its first chief financial officer. He was the former managing director and head of Technology Investment Banking for Asia-Pacific at Citigroup. 

Ohmyhome announces first overseas expansion into Malaysia

LOCAL proptech startup Ohmyhome is expanding into Malaysia, its first market outside Singapore.

Ohmyhome expands into Malaysia, offers cross-border property deals

LOCAL proptech startup Ohmyhome on Thursday announced it is expanding into Malaysia, its first overseas market.

Vertex Ventures Israel bets on Cymulate and the need to test cybersecurity systems

COMPANIES' increasing cybersecurity spending means little without assurance that all the solutions and systems being bought are efficiently deployed and working as planned, says Vertex Ventures Israel general partner Emanuel Timor.

INNOVFEST UNBOUND 2019

Panellists say South-east Asia entrepreneurship poised to grow

PANELLISTS at a conference celebrating Asia's innovations say South-east Asia remains an attractive region for building a entrepreneurial ecosystem.

S-E Asia a good region to build tech, entrepreneurial ecosystem: panellists

SOUTH-EAST Asia is still an attractive region for building an entrepreneurial ecosystem, noted panellists at Innovfest Unbound 2019, which discussed prospects of the region becoming the next big world economy. 

STARTUPS

PouchNATION raises Series B funding led by Traveloka, SPH Ventures

EVENT management technology startup PouchNATION has closed a Series B funding round led by regional technology company Traveloka and joined by SPH Ventures.

Agritech startup Simpliigood launches JV Simpliigood Asia with Sechel Asia

ISRAELI agritech startup Simpliigood has launched Simpliigood Asia, its joint venture with Sechel Asia, an advisory and operating company in Singapore that partners startups and helps them penetrate and scale in the Asia-Pacific region. 

PouchNATION closes Series B funding round led by Traveloka, SPH Ventures

EVENT management technology startup PouchNATION has closed a Series B funding round led by regional technology company Traveloka and joined by SPH Ventures.

STARTUPS

Startups can speed up growth with aid from Accelerating Asia

STARTUPS around Asia are set to springboard their businesses through Accelerating Asia's (AA) accelerator programme.

Independent startup accelerator Accelerating Asia to close US$5m pre-seed VC fund in July

SINGAPORE-BASED Accelerating Asia (AA) is finalising the first close of its pre-seed venture capital (VC) fund in July, where up to US$5 million raised will be invested in over 40 high-growth startups in Asia, the independent startup accelerator announced on Wednesday.

BT EXCLUSIVE: VENTURE FUNDS

Investor pressure drives regional venture funds to sustainability deals

SOUTH-EAST Asia's venture capital (VC) firms are increasingly burnishing their sustainability credentials to meet heightened demand from their investors.