Agrifood startup DiMuto secures USD 5.9 million in Series A funding
DiMuto, a Singapore-based startup that provides end-to-end supply chain visibility for businesses, has raised USD 5.9 million in a Series A funding round led by The Yield Lab Asia Pacific. The round saw participation from SiS Cloud Global Tech Fund 8, Gold Sceptre, and Dave Chen, as well as existing investors Seeds Capital (SG Growth Capital), SGInnovate, and PT Great Giant Pineapple.
The capital will fuel DiMuto’s expansion into Latin America and the US, as well as accelerate the development of its digital ecosystem. DiMuto’s platform digitizes the agrifood supply chain, enhancing transparency, operational efficiency, and trust through its trade management platform, traceable marketplace, and financial services.
Finture bags over USD 30 million in Series B round
Finture, the operator of Southeast Asian digital bank Yup, has raised over USD 30 million in its Series B funding round. The round was led by Hong Kong-based venture capital firm MindWorks Capital, with participation from XVC, SWC Global, Richen Pioneer, and Antao Capital.
Since its establishment in 2021, Yup has emerged as one of the leading digital banks in Indonesia, focusing on credit card and credit payment services. The company said it serves over one million customers and has a network covering over 40 million local merchants, making it the largest offline and online merchant network in the country. Yup is also the exclusive technology partner of Visa in Indonesia.
The fresh capital will be allocated toward expanding Yup’s user base in Southeast Asia, with future market entries planned for Vietnam and the Philippines. The company has ambitious goals to serve over 50 million credit card users in the region within the next 8–10 years. The company is also aiming for a US IPO within the next 3–5 years. —36Kr
DocPro raises USD 500,000 pre-seed investment
DocPro, a Hong Kong-based legal technology firm, has raised a USD 500,000 pre-seed investment round from Multiway Industries.
This funding will support the development of DocPro’s artificial intelligence-powered platforms, which aim to streamline the creation and customization of legal documents. The capital will also be directed toward team expansion and go-to-market strategies.
Nexus Ocean AI raises angel investment from Tradeworks.vc
Nexus Ocean AI, a Singapore-based provider of generative AI-powered efficiency solutions for the maritime industry, has raised USD 400,000 in angel funding from Tradeworks.vc.
According to Tradeworks.vc’s statement, Nexus Ocean utilizes a “maritime language model” and knowledge graphs to automate complex tasks such as crew changes, maintenance plans, and accident management, significantly reducing the operational burden on maritime professionals.
The funds will support further development and deployment of Nexus Ocean’s solutions across the sector.
Antler invests in Malaysia-based ByteGami
Malaysia-based ByteGami, a platform focused on integrating gamification into apps, has raised USD 110,000 in pre-seed funding from early-stage venture capital firm Antler, according to e27.
The investment will support the development of ByteGami’s platform, which streamlines the creation and scaling of gamified features like leaderboards and rewards. ByteGami also offers SDKs, user behavior analysis, and A/B testing tools to help developers implement and optimize gamification strategies efficiently. The company plans to launch a private beta for its MVP with selected developers soon.
This funding follows Antler’s recent USD 110,000 investment in AI startup Nebu, also based in Malaysia. Antler is currently deploying capital from its second Southeast Asia fund, which closed at USD 72 million. The firm has allocated USD 27 million from the fund to support up to 45 early-stage startups across Singapore, Malaysia, Indonesia, and Vietnam over the next six to nine months.
Phuc Sinh secures USD 25 million loan from &Green Fund
Phuc Sinh Corporation, a Vietnamese coffee and pepper producer, has secured a USD 25 million loan from the Netherlands-based &Green Fund, marking the fund’s first direct support to a Vietnamese company. The loan will be used to ensure deforestation-free coffee supply chains, aligning with Vietnam’s commitment to achieve net zero carbon emissions by 2050.
Phuc Sinh is one of Vietnam’s leading exporters of pepper, accounting for 8% of the global market share. The company will use the funds to improve its ESG practices, enhance product quality, and contribute to environmental protection. —Bloomberg
Manuva reportedly raises fresh funding
Manuva, an Indonesia-based manufacturing and supply chain platform, has reportedly raised fresh funding from Journey Capital Partners and other investors, according to regulatory filings accessed by DealStreetAsia.
PropertyGuru, Rebellions, Sapeon, Qianxun SI, and more led yesterday’s headlines:
- PropertyGuru, Southeast Asia’s prop tech giant, has been acquired by EQT Private Capital Asia in an all-cash deal valued at around USD 1.1 billion.
- South Korean chip makers Rebellions and Sapeon have finalized a merger deal after months of negotiation, aiming to combine their strengths and scale in a market dominated by global giants.
- Qianxun Spatial Intelligence, a prominent spatiotemporal infrastructure player, completed a new funding round, bringing its valuation to over RMB 16 billion (USD 2.2 billion). The round was led by the Beijing Information Industry Development Investment Fund, with participation from major Beijing-based institutions.
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