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

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.