Indonesian fintech firm KoinWorks' losses surged 6.8x in 2022
Jakarta-based fintech firm KoinWorks saw its losses widen by 585% in 2022 from a year earlier even as its revenue increased by about 68%.
Source: dealstreetasia.com
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AC Ventures closes $210m for Fund V and co-investment vehicles
Indonesia-focused venture capital firm AC Ventures has closed $210 million for its Fund V and other co-investment vehicles.
Source: dealstreetasia.com
SG's ZUZU bags $9m in Series B led by SoftBank Ventures Asia
Singapore-based ZUZU Hospitality has bagged $9 million in Series B funding led by venture capital firm SoftBank Ventures Asia.
Source: dealstreetasia.com
VC fund AC Ventures is raising US$250mil
JAKARTA: Indonesia’s AC Ventures is raising US$250mil (RM1.12bil) for its fifth fund, banking on its reach in South-East Asia’s largest economy to find the region’s next wave of early-stage startups.
Source: thestar.com.my
Data Vantage: ESB, AiTreat, Kredit Pintar, Vuihoc and QE Labs collect funding
Lead investor Northstar contributed $16.2 million to ESB's Series B round
Source: dealstreetasia.com