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Hello readers,
This week, we released the final installment of our Tech in Asia Originals series Startup Frontiers: The Philippines.
Over the course of three episodes, we explored the history of the startup ecosystem in the Philippines, the hurdles local founders face in starting a business, and how the country could become a startup hub in its own right.
What intrigued me was that the Philippines is building its own innovation hub in Sinigang Valley, which local players liken to Singapore’s Block 71.
Perhaps we’ll see a wave of headlines about startups that come out of the up-and-coming incubation center. Hopefully, when that happens, the Philippines will evolve from an emerging ecosystem and forgotten frontier into a startup hub that’s on par with Southeast Asia’s other markets.
You can find all other important investment deals that happened in the last few days in our weekly funding news wrap-up.
Let’s dive into the biggest deals and M&As that recently took place.
BIGGEST DEALS BY COUNTRY
🇮🇳 Byju’s: The Indian edtech major bagged US$296 million in late-stage funding from Edelweiss Financial Services, IIFL Holdings, Oxshott Capital Partners, Time Capital Advisors, Verition Master Fund, and XN Exponent Holding.
🇮🇩 Ajaib: The Indonesia-based online investing platform got US$153 million in series B funding from Alpha JWC Ventures, DST Global, Horizons Ventures, Insignia Ventures Partners, Ribbit Capital, and SoftBank Ventures Asia.
🇻🇳 Sky Mavis: The Vietnam-based blockchain gaming startup behind Axie Infinity secured US$152 million in series B funding from Andreessen Horowitz.
🇮🇱 NeuroBlade: The Israeli data analytics firm raised US$83 million from Corner Ventures, Grove Ventures, Intel Capital, Marubeni, MediaTek, Pegatron, StageOne VC, UMC Capital in its series B funding round.
Lists of most active investors in the region
List of top-funded startups in Asia
List of largest exits in Asia
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