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Meet Seoul-based accelerator SparkLabs’ 19th batch of startups 

TechCrunch

SparkLabs Korea , a Seoul-based seed to early-stage accelerator, held a demo Day on Thursday for its 19th cohort of companies. The latest demo day marks its tenth year after SparkLabs launched its accelerator program in December 2012. and Asia. . Not all teams end up pitching at demo day.

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Cloud kitchen startup CloudEats raises more capital to ramp up Southeast Asian expansion 

TechCrunch

A Manila-headquartered startup called CloudEats , which operates cloud kitchens across the Philippines and Vietnam, just raised a $7 million Series A extension led by Nordstar to accelerate the digitization of food service in Southeast Asia. . The cloud kitchen market in Asia is projected to grow at 14.2% billion by 2030 , up from $15.2

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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. The startup aims to help more people achieve their Environmental, Social, and Governance (ESG) sustainability goals through its Yellow Boxes and online platform.

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Alternative seafood startup Aqua Cultured Foods reels in $5.5M

TechCrunch

Venture capital investors focused on food tech are calling 2023 the year when alternative seafood startups will make notable strides. Within the past year, TechCrunch reported on a number of those investments into startups producing alternatives to traditional seafood. That will include tuna, scallops and ground shrimp.

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Passwordless authentication startup Descope lands whopping $53M seed round

TechCrunch

Capital might be harder to come by than it once was in startup land, but some firms are bucking the trend — hard. “It helps apps accelerate their time to market, increase the efficiency of their engineering resources, reduce user friction and prevent a wide variety of identity-based cyberattacks.”

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Sequoia’s Surge reveals 15 India, SEA startups in seventh cohort

TechCrunch

Sequoia Capital India and Southeast Asia disclosed 15 early-stage startups it has selected for the seventh cohort of its accelerator program Surge, pushing ahead with new investments even as the deal activity has considerably slowed in the region. Following is the list of startups available in the seventh cohort.

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Indonesian auto tech startup Broom raises $10m in Openspace-led funding

AsiaTechDaily

Register Broom, an Indonesia-based automotive SME tech solutions startup, has announced raising $10 million in pre-Series A funding round led by Openspace Ventures. The funding round was also backed by MUFG Innovation Partners and BRI Ventures, alongside existing investors AC Ventures and Quona Capital.

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