In today’s briefing:
- Samsung Ventures Invests in Sleeptech Firm Earable Neuroscience
- Filipino B2B E-Commerce Startup Shoppable Business Attracts US$1.15M Funding
- Kilde bags $1.1m to bankroll securities tokenization project
- PolicyStreet Bags $15.3m from Malaysian Gov’t to Bolster Insurance Products
Samsung Ventures Invests in Sleeptech Firm Earable Neuroscience
- Earable Neuroscience, a US-headquartered deep-tech company that has developed a sleep tech wearable device, has secured undisclosed bridge funding from Samsung Ventures.
- Through this investment, Samsung Ventures plans to forge alliances within its local and global network to support Earable Neuroscience’s global expansion, including the Korean market.
- Established in 2018 by Vietnamese founder Tam Vu, the startup’s sleep tech wearable, FRENZ Brainband, incorporates cutting-edge neuroscience technology into a consumer wearable to enhance sleep quality, improve focus, and promote relaxation.
Filipino B2B E-Commerce Startup Shoppable Business Attracts US$1.15M Funding
- Filipino B2B e-commerce marketplace Shoppable Business has secured US$1.15 million in an oversubscribed pre-seed funding round, co-led by Foxmont Capital Partners and Seedstars International Ventures.
- An unnamed global network of angel investors also participated.
- The startup will use the funds to grow its business development team, develop more products and features, and expand into new regional markets.
Kilde bags $1.1m to bankroll securities tokenization project
- Private debt platform Kilde has raised US$1.1 million in seed funding from investors including Big Sky Capital, Borderless Capital, AXL Ventures, and Algorand Foundation.
- The fresh funds will help the Singapore-based firm expand its private credit offerings and develop SafeBay, its securities tokenization project.
- Founded in 2019, Kilde caters to accredited and institutional investors by giving them access to private credit deals, which can yield annual returns of up to 13.5%. The company said that its investors have seen annual returns of 11.9%.
PolicyStreet Bags $15.3m from Malaysian Gov’t to Bolster Insurance Products
- Malaysian insurtech company PolicyStreet has raised US$15.3 million in its series B funding round led by local sovereign fund Khazanah Nasional Berhad.
- This investment was made under the fund’s 6 billion ringgit (US$1.3 billion) Dana Impak mandate.
- PolicyStreet offers digital insurance options to both consumers and businesses, aiming to make such products more accessible and affordable with the firm’s in-house underwriting capabilities.
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