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Allocate banks $5M to open up venture capital fund access

TechCrunch

The world of venture capital investing is a relatively small one, and relationship-based to boot. The company, founded by Samir Kaji and Hana Yang in February 2021, is developing an approach to venture capital fund investing that provides a way for investors of any size to participate. Enter Allocate.

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Colombian e-commerce enablement startup Melonn raises $20M to help SMBs scale in LatAm

TechCrunch

NFX and existing backers Pear and Mexico-based Wollef (formely known as Jaguar Ventures) doubled down on their investment, which values Melonn “in the neighborhood” of $100 million post-money and brings the Bogota-based startup’s total raised to $24 million since its November 2020 inception.

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Japan’s Zeals raises $38.8M to scale its chat commerce platform

TechCrunch

JIC Venture Growth Investments led the Series E equity funding, with participation from Z Venture Capital , a venture investment arm of Z Holdings, Japan Post Capital and Salesforce Ventures. Mizuho Bank and Mitsubishi UFJ Financial Group also joined in its debt financing.

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Kenyan startup Wowzi secures $3.2 million from 4DX Ventures, Andela co-founder to expand across Africa

TechCrunch

million from investors over the last few months, part of which includes a recently concluded $2 million seed round that was led by the Africa-focused venture capital firm 4DX Ventures. Other investors in the seed round were To.org, Golden Palm Investments, LoftyInc Capital, Afropreneur Angels, and Future Africa.

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Malaysian startup HOMA2U eecures $875K in pre-Series A funding

AsiaTechDaily

The investment round was led by Quest Ventures Asia Fund II, an early-stage venture capital fund managed by Singapore-based Quest Ventures Pte Ltd. HOMA2U also plans to use the investment to support its growth acceleration and scaling plans, aiming to generate RM100 million in annual revenue before 2025.

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Hypd raises $4m to empower content creators in India

AsiaTechDaily

Register Hypd , the Indian tech platform that enables content creators to monetize their influence, has successfully raised $4 million in a pre-series A funding round led by Orios Venture Partners. Existing investors Sauce VC and Better Capital also participated, doubling down on their previous investments.

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Indonesia’s eFishery Raises $200M in Series D Funding, Attains Unicorn Valuation

AsiaTechDaily

With the recent Series D funding, eFishery aims to expand its community of fish and shrimp farmers, with a target of reaching over 1 million aquaculture ponds in Indonesia by 2025.