Policy & Regulations

Asia Digest: PH central bank lifts moratorium on digital lenders; Wavemaker backs Mushroom Material

BSP said it will allow a maximum of 10 digital banks to operate in the Philippines.

Analysis

SE Asian investors stay cautiously optimistic amid Bangladesh protests

Foreign investors accounted for 73% of the capital raised by Bangladesh startups in 2023.

Venture Capital

PH-based proptech startup Lhoopa raises $80m in equity and debt funding

The $20-million equity funding was co-anchored by IFC and Wavemaker Partners

Venture Capital

Bangladesh’s Tiger New Energy secures funding from ADB Ventures

The latest capital injection follows a $2.5 million seed round led by Wavemaker Partners last year.

Venture Capital

Singapore’s Jungle Ventures said to target $600m for latest fund

The Singapore-headquartered firm announced the close of its fourth vehicle at $600m in May 2022.

Deals

Data Vantage: LionsBot, Beppo, GetGo, Children’s Cove and Nexplay in focus

Cleaning robots manufacturer LionsBot has received capital from TransLink Capital and AC Ventures-managed SEA Frontier Fund.

Deals

Indonesian fitness platform Fit Hub said to finalise $12m funding round

Wavemaker Partners and Cercano Management are said to be investing in the round.

Venture Capital

Vietnam B2B e-commerce startup Vigo Retail raises funding from Argor Capital, others

Founded in 2020 by Santhosh Raghunathan and Nam Nguyen, Vigo offers distribution as a service to traditional retailers.

Venture Capital

Wavemaker leads Series B funding in PH proptech startup Lhoopa

The startup can raise up to $22.5 million in total in the round, filings showed.

Venture Capital

SG warehouse automation startup XSQUARE raises Series A funding led by Wavemaker

The $7.8m funding round was also backed by SEEDS Capital and Goldbell Corporation.