In today’s briefing:
- Marshall Wace Bets $30m in Singapore’s Thunes
- Thai Insurtech Firm Roojai Bags US$42M in Fresh Funding
- Right-Hand Cybersecurity Raises US$5M Series A for Asia, US Expansion
- B2B Life Sciences Marketplace Labviva Secures US$20M Series A
- Qoala Raises Another $7.5m, Targets Profitability in 3 Years
Marshall Wace Bets $30m in Singapore’s Thunes
- Thunes, a global cross-border payments firm headquartered in Singapore, has raised US$30 million from London-based hedge fund Marshall Wace, according to VentureCap Insights, which tracks regulatory filings in the city-state.
- Peter de Caluwe, CEO of Thunes, has confirmed to Tech in Asia that Marshall Wace is the new investor.
- The funding brings the company closer to becoming a billion-dollar company, with an estimated post-money valuation now pegging at US$776 million after raising about US$166 million in equity funding.
Thai Insurtech Firm Roojai Bags US$42M in Fresh Funding
- Thai insurtech company Roojai has secured US$42 million in new financing round, as per multiple news reports.
- HDI International, a subsidiary of Germany’s Talanx Group, led the round that also saw participation from existing investor IFC.
- About US$32 million will be invested via direct injection and the remaining amount through a secondary share transaction.
Right-Hand Cybersecurity Raises US$5M Series A for Asia, US Expansion
- Singapore-based startup Right-Hand Cybersecurity has received US$5 million Series A funding from former PayPal executive Jack Selby and his venture capital firm AZ-VC.
- The startup will use the money to expand its operations across Asia and the US while investing heavily in its human risk management (HRM) platform.
- Right-Hand aims to expand its platform integrations with commonly adopted technologies to improve employee behaviours and lower risk tendencies.
B2B Life Sciences Marketplace Labviva Secures US$20M Series A
- Labviva, a Singapore- and US-based AI-driven life sciences digital marketplace, has secured US$20 million in Series A financing led by Biospring Partners.
- Existing investors Senator Investment Group, B Capital, and Glasswing Ventures co-invested.
- The Series A funding brings the total amount raised since inception to US$30 million.
Qoala Raises Another $7.5m, Targets Profitability in 3 Years
- Indonesian insurtech startup Qoala announced that it has raised US$7.5 million in a series B extension round led by Europe’s responsAbility Investments.
- Existing investors Eurazeo and Indogen as well as new investor AppWorks also participated in the round.
- The startup declined to comment on its valuation, but VentureCap Insights currently pegs it at US$310 million following the fundraise.
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