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Indonesia “sea-to-table” platform Aruna hooks $35M led by Prosus and East Ventures Growth Fund – 98bmp

When Aruna’s founders first met at university, they wanted to find a way to use their studies in information technology to help family members who were running small fisheries. Indonesia is one of the world’s largest fisheries producers, but the industry is very fragmented. This means fisheries, especially small ones, deal with fluctuations in demand and price instability. Aruna was created to bring them closer to customers like restaurants and […]

todayJuly 22, 2021 1


Employee mental health platform Oliva raises $2.2M pre-seed round led by Moonfire Ventures – 98bmp

Just as many other employee services have gone digital, so too is mental health. In the consumer space there are growing startups like Equoo, but the race is now on for the employee. And since telemedicine has gone digital and video-based, so too is mental health provision. A number of companies are already playing in this space, including Spill Chat, On Mind, Lyra Health, Modern Health, Ginger and TalkSpace For […]

todayJuly 21, 2021 1


Investment app Syfe raises $29.6M Series B led by returning investor Valar Ventures – 98bmp

Syfe founder Dhruv Arora Investment apps in Southeast Asia are attracting a lot of funding, and now some are raising fast follow-on rounds, too. For example, Indonesian robo-advisor app Bibit raised $65 million in May just four months after a $30 million growth round. Now Singapore-based Syfe is announcing that it has closed a $40 million SGD (about $29.6M USD) Series B, only nine months after its Series A. It […]

todayJuly 14, 2021 1


Gotrade gets $7M led by LocalGlobe to let investors around the world buy fractional shares of U.S. stocks – 98bmp

Stock in many American companies, like Amazon, Alphabet or Tesla, can host hundreds or thousands of dollars per share. Fractional trading, or buying part of a single share through a brokerage, makes them more accessible—at least to people within the United States. Investors in other countries, however, often have to pay high fees through interactive brokers. Gotrade makes fractional trading of U.S. stocks available to people in 150 countries, and […]

todayJune 25, 2021 2


Zero trust unicorn Illumio closes $225M Series F led by Thoma Bravo – 98bmp

Illumio, a self-styled zero trust unicorn, has closed a $225 million Series F funding round at a $2.75 billion valuation.  The round was led by Thoma Bravo, which recently bought cybersecurity vendor Proofpoint by $12.3 billion, and supported by Franklin Templeton, Hamilton Lane, and Blue Owl Capital.  The round lands more than two years after Illumio’s Series E funding round in which it raised $65 million, and fueled speculation of […]

todayJune 24, 2021 1


Vietnamese financial services app MFast gets $1.5M pre-Series A led by Do Ventures – 98bmp

MFast founders Phan Thanh Long and Phan Thanh Vinh MFast, a mobile app that lets Vietnamese users in remote areas access financial services, announced it has raised a $1.5 million pre-Series A today. The round was led by Do Ventures, with participation from JAFCO Asia.  Launched in 2019 by fintech company Digipay, MFast says it has been used by 600,000 people to date. It partners with financial institutions who provide […]

todayJune 21, 2021 1

Music News

New Species of Frog Named After Led Zeppelin

A new species of frog discovered in the Ecuadorian Andes has been named after Led Zeppelin.Plenty of recently-discovered species have been named after rock and metal acts, such as a venomous snake named after James Hetfield, a crab titled after Nightwish, and a tarantula dedicated to Dave Mustaine. Scientists simply have great taste in music, as evidenced by researchers David Brito-Zapata and Carolina Reyes-Puig.The two scientists discovered Pristimantis ledzeppelin within […]

todayJune 17, 2021 3


Edge computing startup Macrometa gets $20M Series A led by Pelion Venture Partners – 98bmp

Macrometa, the edge computing cloud and global data network for app developers, announced today it has raised a $20 million Series A. The round was led by Pelion Venture Partners, with participation from returning investors DNX Ventures (the Japan and US-focused enterprise fund that led Macrometa’s seed round), Benhamou Global Ventures (BGV), Partech Partners, Fusion Fund, Sway Ventures and Shasta Ventures. The startup, which is headquartered in Palo Alto with […]

todayJune 15, 2021 2


Motorway’s auction platform for second-hand cars raises $67.7M Series B led by Index Ventures – 98bmp

Motorway, is a UK startup that allows professional car dealers to bid in an auction for privately-owned cars for sale. The startup has had rapid success by removing a lot of friction in the process. It’s now raised £48m / $67.7m in a Series B round led by Index Ventures, along with new investors BMW i Ventures and Unbound. Existing investors Latitude and Marchmont Ventures also participated. The funding will be used […]

todayJune 14, 2021