SUBSCRIBERS

Robo adviser Endowus raises S$35m from new and current investors

Genevieve Cua
Published Mon, Nov 29, 2021 · 09:50 PM

    DeeperDive is a beta AI feature. Refer to full articles for the facts.

    Singapore

    ROBO investment platform Endowus has raised another S$35 million from several parties, bringing its total fund-raising this year to S$67 million.

    The latest round is co-led by EDBI, the investment arm of the Economic Development Board, and Prosus Ventures, the venture investing arm of Netherlands-listed Prosus, which is majority owned by Naspers. Naspers is one of the largest shareholders of Tencent.

    Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.

    Copyright SPH Media. All rights reserved.