There’s no denying we’re in bear territory, but that hasn’t stopped 500-backed startups in Indonesia, Singapore, and Hong Kong from successfully raising US$184M in October, including 500 Southeast Asia’s 6th unicorn, FinAccel. What’s more, 9 leaders from 500-backed startups were honored in the prestigious Tatler Asia Gen.T 2022 list. Congratulations to movers and shakers on an amazing October!
- FinAccel raises ~US$140M Series D and becomes 500 Southeast Asia’s 6th unicorn; looks beyond e-commerce and consumer credit
- Una Brands secures US$30M to help more local brands in Asia Pacific grow their legacies globally
- YAS secures US$4.5M to provide more Web3 insurance coverage; eyes Middle East
- Monnai secures US$3.5M to power better decisions in fintech with deep consumer insights, and more from this week
- Crewdible raises US$3.2M to take care of mundane tasks for small e-commerce businesses so they can focus on scaling up
- AWST makes NFTs mainstream for brands; opening doors for more to join Web3 with US$1.7M funding
- Mycotech Lab raises US$1.2M to scale up production of its sustainable leather-like material for the fashion industry
- eFishery reels in US$32M loan from Bank DBS Indonesia; aims for 300% increase in production & expansion to 10 countries
- Your Super acquired by The Healing Company and shares a vision to improve the quality of life for millions around the world
- Tatler Asia Gen.T List 2022 has been announced! 9 leaders from 500-backed companies honored for shaping Asia’s future
- Laka teams up with Porsche to launch fair micromobility insurance for cyclists in Germany
- Christine Tsai joins Khazanah to explore where technology can unlock the greatest impact, and the role of key players for innovation
- Khailee Ng on how 500 Global picks out diamonds in the rough to reveal the global potential of Southeast Asian startups
- Vishal Harnal on Tatler Asia — trends guiding his next investments, must-have qualities of VCs, and failure
- Zenysis leverages data to fight polio disease in Pakistan
- Why LottieFiles chose to set up in Malaysia, how the team secured 100K+ clients globally
- Mapan’s 3M users is only just the beginning — the company wants to empower more Indonesians to make better financial decisions
- StoreHub team sets their sights on achieving net profitability while empowering small retail and F&B businesses in SE Asia to grow
Other stories you may have missed this month:
- eFishery teamed up with agri fintech lender iGrow to help fish farmers access loans
- First Circle grants first loan to Internet of Things company without interest under a program aimed at helping high-potential small and medium enterprises get access to financing
- Laka featured on ITC Europe’s list of 10 insurtech startups to watch out for in 2023 and beyond
