THE ALTERNATIVE VIEW
Southeast Asia Tech & Venture Capital

By: Alternatives.pe

STARTUP FUNDRAISING

ELEVARM,  a B2B upstream-to-downstream full stack solution that enables players along the agriculture value chain increase their livelihood, has secured USD 4.25 million in Pre-Series A funding, led by Intudo Ventures, with support from Insignia Ventures Partners and 500 Global.

SOGNI AI, an AI-driven image generator that enables users to transform text descriptions into images and videos, has secured USD 2 million in funding. The round was co-led by Comma3 Ventures and Republic Ventures, with the participation of Contango Digital, Oyster Ventures, ARC, DEXT Force Ventures, Nosana, Formless Capital, Gecko Ventures, and more Web3 investors and industry veterans. 

FLOWDESK, a full-service digital asset trading and technology firm, has raised USD 102 million in a new funding round, comprising equity injections from HV Capital and Debt financing from funds managed by BlackRock. Since its inception in 2020, Flowdesk has positioned itself as a formidable liquidity provider in the cryptocurrency sector.

REVENUE UPDATES

 

GROUP-IB,  a Singapore-based provider of solutions aimed at investigating high-tech crime, and detecting and preventing cyberattacks, online fraud, and intellectual property theft, reported revenue of USD 31 million for the FY ending June 2024, representing a 19% growth. EBIT also showed improvement, rising from a loss of USD 13.9 million to a loss of USD 9.5 million.

Other companies that filed their financials recently
(you can see their financials on Alternatives.pe)

RECENTLY ADDED STARTUPS

GRANTBII: An AI-augmented operating system for business owners to secure grants & transform their business.

STACKBRAINS: A provides AI and ML-based observability, data anomaly detection, debugging, and data quality monitoring and compliance solutions.

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OTHER NEWS

KFin plans to sink B520m into startups.
READ FULL ARTICLE

Grab partners 4 autonomous tech firms to study self-driving vehicles in S-E Asia, including Singapore.
READ FULL ARTICLE

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