TORONTO, Aug. 7, 2020 — Thentia, a global leader in regulatory software, has closed Series A equity financing from the Business Development Bank of Canada’s Industrial, Clean and Energy Venture Fund. Thentia, which has a major presence in the regulatory and licensure market, will use this equity financing to expand its…
Pudu Robotics Raised over $15M Series B Financing with Meituan as the Exclusive Investor
SHENZHEN, China, July 9, 2020 — On July 1, 2020, Pudu Robotics, an indoor delivery robot provider, officially announced the completion of B round financing of more than $15M with Meituan as the exclusive investor. Zhang Tao, CEO of Pudu Robotics, said the fund would be mainly used to develop…
Beyond Ventures-led funding enables Robotics Cats to help protect forests, national parks and UNESCO World Heritage sites around the world
“Our investment will help enable Hong Kong technologies to reduce the massive loss of life, environmental problems and financial burdens caused by wildfires” HONG KONG, July 7, 2020 — A HK$6 million investment led by Hong Kong-based venture capital fund Beyond Ventures is enabling a Hong Kong company to help…
Indonesia Focused East Ventures Raises New Seed Fund for Tech Startups in Aftermath of Pandemic
The new vehicle will be East Ventures’ eighth fund, as the firm remains bullish on the ASEAN’s digital economy and predicts that innovative startups will transform the region’s post-lockdown landscape for the better. Quick Facts: Southeast Asia’s most active early-stage tech investor has reached a first close on its…
Planful Raises Equity Round to Meet Increasing Demand for Its Cloud-Based FP&A Solution
Additional Funds from Majority Shareholder Vector Capital and Other Leading Investment Firms Position Planful to Seize Market Opportunities, Invest in Product, and Drive Go-to-Market Initiatives REDWOOD CITY, California, June 25, 2020 — Planful Inc. (formerly Host Analytics), a leading financial planning and analysis…
Moovaz goes global with $7mil Series A funding & acquires SPH’s The Finder
SINGAPORE, June 16, 2020 /PRNewswire/ — Once a demographic dominated by affluent professionals, the face of the expat has dramatically shifted to welcome almost everyone, including a new generation of free-spirited, tech-savvy, globally-mobile adventurers keen to experience the world — and Moovaz is helping them live the dream. Powered by smart technology, Moovaz is reimagining logistics with simple, efficient moving services for a new generation of expat, and has secured a Series A round totalling USD 7 million, including previous convertibles, to do it.
An international relocation services platform headquartered in Singapore, Moovaz was founded in 2018 by Lee Junxian and 2 other Co-founders. The vision was simple: to promote a life well moved, for today’s global citizens. With the ease of travel and rise in flexible work, more people are choosing to forgo their home bases in pursuit of the digital nomad lifestyle. But the process is typically headache-inducing and comes with many roadblocks, from extremely high costs to slow shipping times and storage container issues. Moovaz turns the traditional logistics industry upside down, providing a smart, curated platform connecting customers with the right services at the right time.
"Relocating from one country to another is a huge logistic undertaking. You have to uproot everything, manage accommodation and travel plans, apply for visas, open new bank accounts. Basically move your entire life," says Lee Junxian, Co-Founder and CEO of Moovaz. "Despite all the tech innovations out there, relocation services remain notoriously slow, expensive and inefficient. As the world opens up, these challenges need to be addressed. Our goal is to use innovation to provide a complete moving solution for global citizens, and eliminate the headache that comes with moving your life."
On the Moovaz platform, customers can get instant shipping prices and track their belongings. Using automation and data, Moovaz captures customer information and profiles their needs before connecting them with their global network of contractors. However, Moovaz goes beyond the expectations of a relocation services company; instead harnessing technology and automation to provide a seamless moving process for customers.
Dubbing themselves "Life Movers", Moovaz helps global citizens move their lives, while also connecting them to their future communities. During the process, Moovaz provides tailored recommendations for essential extra services to ensure as smooth a move as possible, from connecting utilities to buying insurance or setting up the all-important Wi-Fi.
While the lion’s share of its customers hail from the Asia-Pacfic, Moovaz plans to scale rapidly and expand its partnership base. Now, backed by the likes of Quest Ventures, who are backed by Singapore’s sovereign wealth fund, Supply chain conglomerate YCH Group and deep-tech investors SGInnovate, it can do that and more — and has its sights firmly set on strengthening its services and facilities to become an industry leader in the relocation field.
This means launching go-to market campaigns in new countries, raising capital, expanding their team, and welcoming new partners to optimize each customers life journey, at a functional level and an emotional one.
About Moovaz
Moovaz is an all-encompassing relocation service for globalised mobile citizens. Its all-in-one digital platform is revolutionising the logistics and international relocation industry by enabling a seamless and truly moving experience for everyone. Using smart technology and a global network of over 2,000 certified partners, Moovaz offers customers an unprecedented level of transparency and open access to mobility services worldwide. With our dedicated team, Moovaz is committed to delivering convenience and excellence, first time, every time.
For more information, please visit https://www.moovaz.com/about-us/
Information about the latest acquisition of SPH’s The Finder could be found here – https://moovaz.com/press/
Related Links :
https://moovaz.com/
Bespin Global Raises $75M in Series-C Funding
– The company signed a $75M investment contract with SK Telecom, and existing investors (SK Telecom invested through SK Telecom China).
– The company raised $14M in Series-A, $90M in Series-B, and in total $177M.
– The company said it would continue to grow its domestic market share and expand into new global markets as well.
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SEOUL, South Korea, June 16, 2020 /PRNewswire/ — Mr. John Hanjoo Lee, the CEO of the global cloud management company Bespin Global, announced on May 27th that the company had signed a $75M Series-C funding contract through its holding company, Newberry Global.
Bespin Global has raised $177M so far, including $14M Series-A and $90M Series-B.
SK Telecom participated in this funding round through SK Telecom China. Other investors include DY Holdings.
SK Telecom expects to accelerate its own cloud business with the help of Bespin Global’s leading multi-cloud management capability.
Bespin Global will join forces with SK Telecom, SK C&C, and SK Infosec to develop a 5G cloud-integrated and multi-hybrid management platform based on OpsNow which is Bespin Global’s proprietary cloud management platform.
Bespin Global is the first East Asian company to be positioned in Gartner Magic Quadrant for Public Cloud Infrastructure Professional and Managed Services for four consecutive years and is the first Korean company to be placed in the Leaders quadrant this year. The company supports all major public cloud platforms and offers cloud managed service globally through its proprietary platform, OpsNow. Recognized for its skills and growth, Bespin Global China has a significant presence in the Chinese MSP market. Bespin Global is also quickly expanding in the Middle East & Africa region through its MEA arm.
"The combination of 5G and cloud will accelerate innovation across industries and allow companies to improve their service value," said Yoo Yeong-Sang, the head of MNO business at SK Telecom, "We will lead innovation in 5G by joining hands with software developers, device manufacturers, and global mobile carriers."
John Hanjoo Lee, CEO of Bespin Global, said, "the future of cloud will be shaped by 5G cloud. By collaborating with SK Telecom, we will develop and offer a 5G cloud management platform for the global market. This is a good example of a collaboration between an enterprise and a startup." He added, "we will take this funding as an opportunity to establish this company as a leading player in the cloud industry. We also plan to expand to North America in the second half of this year."
Related Links :
https://www.bespinglobal.com/
NS8 Raises $123 Million Series A, Now Among Fastest Growing Fraud Prevention Platforms in the World
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Latest Raise Led by Lightspeed Venture Partners and AXA Venture Partners
LAS VEGAS, June 12, 2020 /PRNewswire/ — NS8, an online fraud prevention company, announced the company has successfully closed $123 million in venture funding led by Lightspeed Venture Partners and AXA Venture Partners (AVP).
With this investment, NS8 will accelerate product development and expand its global reach with an increased focus on growing its vast partner network. The company has grown from 50 to over 200 employees within the last year, and hiring continues across sales, engineering, marketing, and infrastructure.
Lightspeed’s investment provides NS8 with access to the firm’s expansive global network, as well as a team of operators and advisors to help navigate challenges, build world-class teams, and support the company’s continued growth at all stages.
"Online fraud prevention has grown rapidly due to the acceleration of ecommerce adoption by merchants and, with it, an increased threat of those seeking to attack online stores. Merchants of all sizes need to invest in security products to ensure a safe and secure online experience," said Bradley Twohig, Partner at Lightspeed Venture Partners. "NS8’s platform allows its partners and their merchants to stand up a full-service fraud prevention hub, in a matter of a day, across almost every ecommerce platform. The time to value is simply best in class."
AVP has significant experience helping scale companies that leverage differentiated technology and efficient business models to drive innovation in enterprise software, fintech, consumer and digital health. With offices in North America, Europe, and Asia, AVP can also help NS8 accelerate its global expansion.
"NS8 has built a market-leading fraud detection and prevention platform combining advanced data analytics with real-time scoring. NS8’s rapid growth is a testament to the strength of the company’s product and the value NS8 delivers to its customers," said Alex Scherbakovsky, General Partner at AXA Venture Partners and NS8 board member. "We are excited to partner with Adam and the NS8 team to scale the business globally."
Throughout the recent global pandemic, NS8 continues to emerge as the fastest growing industry leader, with year-over-year revenue growth of 200 percent and a dedicated focus on aiding online vendors to make fraud decisions that protect their customers and their bottom line.
"Thanks to this investment from Lightspeed, AXA Venture Partners, and our full backing group, we can continue to scale to meet the growing demand for fraud prevention technology in the global marketplace," said NS8 CEO Adam Rogas. "This partnership positions NS8 to empower even more businesses with enterprise-level fraud defenses, regardless of size or industry."
About NS8
NS8 is a comprehensive fraud prevention platform that combines behavioral analytics, real-time scoring, and global monitoring to help online businesses minimize risk. Its patented scoring technology provides actionable data about the type, quality, and trustworthiness of transactions, which businesses leverage to automate fraud management workflows to suit their individual needs. NS8 is headquartered in Las Vegas, with regional offices located in San Francisco, San Ramon, Miami, Amsterdam, Singapore, and Melbourne. www.ns8.com
Crowell & Moring LLP served as legal counsel to NS8 in the fundraising transaction.
About Lightspeed Venture Partners
Lightspeed Venture Partners is a multi-stage venture capital firm focused on accelerating disruptive innovations and trends in the Enterprise and Consumer sectors. Over the past two decades, the Lightspeed team has backed hundreds of entrepreneurs and helped build more than 400 companies globally, including Snap, Nest, Nutanix, AppDynamics, MuleSoft, OYO, Guardant, StitchFix, and GrubHub. Lightspeed and its affiliates currently manage $10.5B across the global Lightspeed platform, with investment professionals and advisors in Silicon Valley, Israel, India, China, Southeast Asia, and Europe. www.lsvp.com
About AXA Venture Partners
AXA Venture Partners (AVP) is a global venture capital firm investing in high-growth, technology-enabled companies. AVP has built, in less than five years, a unique investment platform specialized in tech investments with $800 million of assets under management through three pillars of investment expertise: early stage, growth stage, and fund of funds. To date, AVP has invested in more than 45 companies and more than 15 funds. The AVP team operates globally with offices in San Francisco, New York, London, Paris, and Hong Kong. Beyond investments, AVP provides unique access to business development opportunities helping portfolio companies to scale globally and accelerate their growth. www.axavp.com
LinkedIn: @ns8 Twitter: @ns8inc NS8.com
Related Links :
http://www.ns8.com
Propzy Raises $25M Fund from Gaw Capital and Softbank Ventures Asia
HO CHI MINH CITY, Vietnam, June 10, 2020 /PRNewswire/ — Propzy, a full-stack real estate platform based in Vietnam, has raised $25 million in a Series A round of funding led by Gaw Capital and Softbank Ventures, along with new and existing investors, Next Billion Ventures, RHL Ventures Breeze, FEBE Ventures, RSquare, and Insignia.
Propzy
With the investment, Propzy commits to simplifying real estate transactions, from beginning to end, and managing the assets or logistics to streamline the entire real estate lifecycle, such as leasing and purchasing of landed houses and high-rise condos.
The company will also continue its expansion into leasing services by leveraging the online to offline capabilities of its platform, which has recorded 50% month-over-month growth.
As the only "firetech" (financial, insurance and real estate technology) company in Vietnam, the company pioneered the hybrid online to offline model that offers a full-stack real estate platform.
"Propzy is an example of the many macroeconomic successes in Vietnam. With its innovative breakthrough in real estate’s offline to online business models, we see the immense potential of Propzy to skyrocket," said Gaw Capital’s Managing Partner, Humbert Pang.
Vietnam has emerged as a thriving real estate market in Southeast Asia. Despite the global crisis and coronavirus pandemic, Vietnam has reached its target of over 5% GDP growth in 2020.
Despite this, however, the real estate industry still lags in terms of its adoption of new technology.
"Sellers see uncovering buyers needs as a headache that slows the buying process. Therefore, we invited a group of world-class investors to provide an advanced solution. With the largest number of estate agents in Vietnam – around 400 sales staff operating in 30 locations – we have facilitated over $1 billion in property transactions since inception and anticipate another record-setting year of growth, as we continue to expand," said Founder and CEO of Propzy, John Le.
Vietnam’s robust economy is one of the fastest-growing in Southeast Asia. Research by the World Bank found that 70% of Vietnam’s population is considered economically secure. Propzy is now well-positioned to scale its market leadership to 70 centers and 1,300 advisors nationwide over the next 18 months.
"The security that the Vietnamese economy offers to property investors and homebuyers is ideal for Propzy to thrive. We are excited to support the company in its mission to enable a 10X consumer experience in real estate," said Daniel Kang, Senior Partner of SoftBank Ventures Asia.
About Propzy
Founded in 2016 by Mr. John Le, Propzy is a full-stack real estate platform and integrated marketplace offering open house, closing-settlement services, and turn-key mortgage financing. The founder is a multiple exit serial entrepreneur behind numerous leading fintech companies, including LoanTrader and Portellus, with blue-chip investment from Goldman Sachs, CitiGroup, GE Capital, Zurich, FBR Capital and IAC.
About SoftBank Ventures Asia
Founded in 2000, SoftBank Ventures Asia is the early-stage venture arm of SoftBank Group. Their expertise lies in ICT investments including AI, IoT, and smart robotics. They look for early to growth-stage startups that have strong business potential in the global market and assist them to be plugged into the SoftBank ecosystem by facilitating side-by-side growth.
About Gaw Capital Partners
Gaw Capital Partners is private equity fund management company that focusing on real estate markets in greater China and other high barrier-to-entry markets globally. Specializing in adding strategic value to under-utilized real estate, the firm’s investments span the entire spectrum of real estate sectors, including residential development, offices, retail malls, hospitality and logistics warehouses.
Photo – https://photos.prnasia.com/prnh/20200609/2825006-1?lang=0
Bitsensing, Radar technology startup raises $5.8mn Pre-Series A
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SEOUL, South Korea, June 9, 2020 /PRNewswire/ — Bitsensing, a South Korean radar technology startup, has raised $5.8 million in a Pre-Series A round of funding, despite the COVID-19 impact on financial markets. This round was led by LB Investment, a leading venture capital in South Korea, and Mando Corporation, a South Korean global Tier 1 automotive supplier, participated as a strategic investor. Hansae, SB Partners also participated along with Future Play and SJ Investment Partners from a previous round.
Bitsensing is developing innovative radar-based sensing technology that is reliable, compact, multifunctional, and affordable to design safer everyday life, that can be available for everyone. Bitsensing’s radar sensors not only detect targets but also can track and map what is happening in any environmental setting in real-time without creating privacy issues or compromising performance in harsh weather.
Bitsensing’s radar sensors can be used in various industries, such as automotive, smart home, robotics and for autonomous driving.
"I believe receiving strategic investment from Mando Corp., a global Tier 1 automotive manufacturer, means that our technology has been recognized in the autonomous vehicle market. It will help us grow much faster" said Jae-eun Lee, CEO of bitsensing.
"Bitsensing is the best radar technology team in Korea with automotive radar development and mass production experience which makes them different. We believe their radar technology can be used not only in mobility industry but in other applications, creating a new market," said Jason Koo, Senior Managing Director of LB Investment (Formerly known as LG Venture lnvestment).
"Bitsensing’s radar and camera sensor fusion technology will change how radar has been traditionally used. We decided to invest because we believe we can create demands from various industries such as Smart city, Smart home, Mobile robots, Future mobility or Digital healthcare," said Yoon-ki Kim, Director, Head of Start-up Investment of Mando Corporation, Strategic Investor.
The company will use the funds to further enhance their technology, expand its offerings in key industries and grow their global presence and enhance global partnership. Bitsensing recently joined NVIDIA Inception program, Infineon Partnership, Plug and Play Japan for Mobility, Plug and Play Thailand for Smart cities.
Bitsensing had previously raised $1.2 million in seed rounds, and with the $5.8 million Pre-Series A, the total equity financing has amounted to $7 million.
About bitsensing
Bitsensing is a leading radar technology startup focused on brining safer everyday life that is available for everyone. Bitsensing was co-founded in 2018 by the core members of a Radar team at Mando Corp. including Dr. Jae-eun Lee, CEO. Bitsensing designs and develops the entire process of radar technology from signal processing to RF circuit and antenna design.
Website: www.bitsensing.com
Related Links :
http://www.bitsensing.com
http://www.bitsensing.com