TLDR:
- Mober, a sustainability-focused logistics company in the Philippines, has raised $2 million in a seed funding round led by RT Heptagon Holdings (RTHH). The company plans to expand its electric vehicle fleet and enhance its eco-friendly logistics services.
- Green COP, a Singaporean deeptech startup that specializes in biofuel production, has completed its angel investment round with support from various angel investors, including Ken Energy and Teo Teng Seng. The startup aims to drive the adoption of sustainable practices in the industry.
- Singapore-based e-commerce firm Qoo10 is set to acquire US-based online marketplace Wish for $173 million. Wish’s user base has declined in recent years due to competition and issues with product quality and customer service.
- Simple Planet, a South Korean foodtech company, has raised KRW 8 billion ($6 million) from various investors. The funds will be used to advance the company’s R&D efforts in cell-cultured food production.
- South Korean fulfillment logistics provider, Bold9, has secured Series B funding from POSCO Venture Capital, Smilegate Investment, and UTC Investment. The company plans to automate logistics centers, expand its services, and enter new markets.
- The Queensland government in Australia has named the first five venture capital firms to receive a share of the Queensland Venture Capital Development Fund (QVCDF). The fund aims to invest in the state’s startups and develop the venture capital industry in Queensland.
- Singtel Innov8, the corporate venture capital fund of Singtel, has sold its entire stake in Vizzio Technologies to the founder of the company. The transaction follows reports of falsified claims made by Vizzio’s former CEO.
- In other news, Explurger, Scrut Automation, Illumine Industries, Segwise, and Scandalous Foods have all secured funding in India.
Mober, a sustainability-focused logistics company in the Philippines, has raised $2 million in a seed funding round led by RT Heptagon Holdings (RTHH). With the new capital, Mober has expanded its electric vehicle fleet to 60 vehicles and has opened a flagship EV charging station in Pasay. The company aims to collaborate with clients to electrify their logistics operations and promote sustainable practices in the industry. Green COP, a deeptech startup in Singapore, has completed its angel investment round with support from various angel investors, including Ken Energy and Teo Teng Seng. The startup has developed a proprietary method of biofuel production and is in the process of finalizing a collaboration with a global palm oil company. Singapore-based e-commerce company Qoo10 is set to acquire US-based online marketplace Wish for $173 million. Wish’s monthly active user base has declined significantly in recent years due to competition and issues with product quality and customer service. South Korean foodtech company Simple Planet has raised KRW 8 billion ($6 million) in funding from various domestic investors. The funding will be used to accelerate the company’s R&D efforts in cell-cultured food production. South Korean fulfillment logistics provider Bold9 has secured Series B funding from POSCO Venture Capital, Smilegate Investment, and UTC Investment. The company plans to use the funding to automate logistics centers, expand its services, and enter new markets. The Queensland government in Australia has announced the first five venture capital firms to receive funding from the Queensland Venture Capital Development Fund (QVCDF), a $130 million fund that aims to support the state’s startups. The recipients include Antler, Salus Ventures, Five V Capital, Main Sequence Ventures, and Mandalay Venture Partners. Singtel Innov8, the corporate venture capital fund of Singtel, has sold its entire stake in Vizzio Technologies to the founder of the company, following reports of falsified claims made by Vizzio’s former CEO. In India, Explurger, Scrut Automation, Illumine Industries, Segwise, and Scandalous Foods have all secured funding in recent deals.
