In today’s briefing:
- Qatar Sovereign Fund Joins the US$250M Series D Round of Builder.ai
- Evermos Raises US$39M to Fuel the Expansion of Its Connected Commerce Network
- ZUZU Hospitality Raises US$9M in a Series B Funding Round Led by SoftBank Ventures Asia
- Ringkas Raises US$3.5M to Digitalise Mortgage Process in Indonesia
Qatar Sovereign Fund Joins the US$250M Series D Round of Builder.ai
- Builder.ai, an AI-powered composable software platform, has raised US$250 million in a Series D funding round led by Qatar Investment Authority (QIA), the sovereign wealth fund of the State of Qatar.
- Existing and new investors, including Iconiq Capital, Jungle Ventures, and Insight Partners, joined.
- This round takes Builder.AI’s total fund raised so far to US$450 million.
Evermos Raises US$39M to Fuel the Expansion of Its Connected Commerce Network
- Indonesia-based social commerce platform Evermos today announced that it had raised US$39 million in its Series C funding round.
- It was led by the International Finance Corporation (IFC) — a member of the World Bank group — and IFC Emerging Asia Fund, LP, managed by IFC Asset Management Company, with the participation of returning partners such as Jungle Ventures, Shunwei Capital, UOB Venture Management, and Telkomsel Mitra Inovasi.
- This funding round also saw investment from new partners SWC Global, Endeavor Catalyst, and Uni-President Asset Holdings.
ZUZU Hospitality Raises US$9M in a Series B Funding Round Led by SoftBank Ventures Asia
- ZUZU Hospitality, a revenue platform provider for independent hotels, today announced an oversubscribed US$9 million (SG$12 million) Series B funding round led by SoftBank Ventures Asia, with participation from Atinum Partners and existing investors Wooshin Venture Investment, Visor Ventures and JG Digital Equity Ventures.
- The startup plans to double its hotel partner count across the region with a keen focus on India and reach an impressive milestone of 5,000 partners by the end of 2024.
- Furthermore, it also plans to make strategic investments in AI tools to improve pricing, automate guest management, and improve partner experience.
Ringkas Raises US$3.5M to Digitalise Mortgage Process in Indonesia
- Indonesia-based digital mortgage startup Ringkas has secured US$3.5 million in a seed funding round led by East Ventures and Crestone Venture Capital.
- 500 Global, Teja Ventures, Orvel Ventures, and Hustle Fund also participated.
- Ringkas will use the fresh funds to advance and scale its platform across multiple cities in Indonesia and the secondary market.
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