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Private Markets

Daily Brief Private Markets: Turing Space nets US$3M to expand digital identity solutions globally | e27 and more

By | Daily Briefs, Private Markets

In today’s briefing:

  • Turing Space nets US$3M to expand digital identity solutions globally | e27


Turing Space nets US$3M to expand digital identity solutions globally | e27

By e27

  • Turing Space, a Taiwan-based trust-tech company, has raised over US$3 million in a strategic funding round led by Profederal, a corporate counselling platform.
  • The company plans to use the capital to accelerate research and development of its digital identity infrastructure and expand its operations in Taiwan, Europe, and Japan, where it aims to develop more cross-border verification solutions.
  • A portion of the funds will also be used to hire new talent and enhance user experience in Taiwan.

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Daily Brief Private Markets: BuzzAR lands US$1.16M in funding to boost Saudi tourism with AI-driven travel companion | e27 and more

By | Daily Briefs, Private Markets

In today’s briefing:

  • BuzzAR lands US$1.16M in funding to boost Saudi tourism with AI-driven travel companion | e27
  • Finfra Secures US$2.5M to Power Indonesia’s Lending Ecosystem in New Partnership with Tyme Group|E27


BuzzAR lands US$1.16M in funding to boost Saudi tourism with AI-driven travel companion | e27

By e27

  • Singapore-based mixed reality and AI company BuzzAR has secured US$1.16 million in funding from the HSBC New Economy Fund.
  • The firm is using the money raised to expand its presence in the Middle East and North Africa (MENA) region, particularly Saudi Arabia, where it has partnered with the tourism department.
  • Founded in 2018 by Bell Beh and Ken Lim, BuzzAR specialises in experiential engagements that bridge the gap between offline and online spaces for its clients.

Finfra Secures US$2.5M to Power Indonesia’s Lending Ecosystem in New Partnership with Tyme Group|E27

By e27

  • Indonesia-based lending infrastructure firm Finfra has received US$2.5 million in a funding round led by Cento Ventures.
  • Accion Venture Lab, Z Venture Capital, Matiss Ansviesulis (founder of Avafin), and existing investors also participated.
  • The company will use the new funds to expand onboarding capabilities for customers and target profitability. Additionally, Finfra plans to enhance its data analytics, scoring, and risk assessment products.

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Top 10 Highlights from the APAC PE, VC and Startup Ecosystem this Week – 17 Nov 2024

By | Private Markets, Smartkarma Newswire

Top ten highlights from the APAC PE, VC, and startup ecosystem this week:

  1. Trump’s presidency implications are in focus, with attention on his stance towards Beijing and potential changes in China policy beyond trade tariffs.
  2. The crypto market is exuberant amid expectations of lighter regulatory oversight following Trump’s election.
  3. COP29 summit attendees in Azerbaijan are working towards securing $1 trillion in climate finance against the backdrop of Trump’s new climate policies.
  4. Grab and Sea Ltd. reported quarterly earnings, and the highly-anticipated listing of Swiggy took place in India.
  5. The Indonesia PE-VC Summit 2025 in Jakarta on January 16 announced its first batch of speakers.
  6. Startup funding in Greater China declined by 36% in October, hitting a low not seen since February 2020.
  7. Southeast Asia’s fundraising remained below the $1 billion threshold, with only $272 million raised by startups in October.
  8. A report on Indonesia’s transition to EVs highlighted challenges like limited charging infrastructure amidst supportive state policies.
  9. Sea Ltd. and Grab navigated market conditions in their earnings reports, showcasing growth in their respective segments.
  10. Various funds, VC investments, and funding updates were reported, including LP-GP updates and developments in the public markets, impacting industries across the board.

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