Gogoro will go public on Nasdaq after $2.35 B SPAC deal

Gogoro will go public on Nasdaq after $2.35 B SPAC deal

Gogoro is going public. The company, which is best known for its electrical Smartscooters and swappable battery facilities, announced today it will note on Nasdaq through a merger with Poema Global, a SPAC associated with Princeville Capital. The offer sets Gogoro’s business valuation at $2.35 billion and is targeted to close in the first quarter […] The offer sets Gogoro’s business valuation at $2.35 billion and is targeted to close in the first quarter of 2022. Gogoro’s SPAC deal comes a couple of months after it announced significant partnerships in China and India. With these partnerships in location, “we actually now need to take our company to the next level,” founder and chief executive officer Horace Luke informed TechCrunch. One of the factors Gogoro decided to work with Poema is because “their thesis is rather aligned with ours,” stated Bruce Aitken, Gogoro’s chief financial officer.

Indonesian fintech Xendit is now a unicorn, with $150M in fresh funding led by Tiger Global

Indonesian fintech Xendit is now a unicorn, with $150M in fresh funding led by Tiger Global

There’s a new entrant in Southeast Asia’s growing list of unicorns. Jakarta-based Xendit, best understood for its digital payment facilities however also focused on other monetary items, announced today it has actually raised $150 million in Series C funding, bumping its evaluation to $1 billion. The round was led by Tiger Global Management, with participation from […] Xendit chose to raise once again since to sustain growth into other nations, Wijaya told TechCrunch. Xendit’s edge is combining a global method with its extreme focus on localization, Wijaya stated. In a press statement, Tiger Global Management partner Alex Cook stated, “Xendit’s digital payments facilities, constructed particularly for Southeast Asia, is quickly ending up being the standard for financial operations in the region.

Indonesia-based Rey Assurance launches its holistic method to insurance coverage with $1M in funding

Indonesia-based Rey Assurance launches its holistic method to insurance coverage with $1M in funding

Medical insurance is the

kind of thing individuals usually only consider only when they need it. Otherwise, their policies are just paperwork in their files or cards in their wallet. Indonesian insurtech Rey Guarantee is taking a brand-new approach. Once someone becomes a member, they likewise get access to a platform of health services, […]
Rather of doing the underwriting themselves, Rey works with insurance coverage partners to create proprietary policies. Tanotogono said this is much faster than conventional insurance companies, which can take up to 14 working days to reimburse a claim, and made possible with Rey’s proprietary claim adjudication innovation. Rey’s wellness environment currently covers main care services, consisting of chats and video calls with medical providers. Rey’s long-lasting strategy is to link wearables more deeply to its insurance policies, using data to personalize policies and premiums. Indonesian insurtech Rey Guarantee is taking a new approach….

Southeast Asia-focused Jungle Ventures announces $225M first close for its fourth fund

Southeast Asia-focused Jungle Ventures announces $225M first close for its fourth fund

Southeast Asia’s financing boom is set to continue, with Jungle Ventures revealing today the $225 million first close of its 4th fund. Fund IV started raising in mid-May and is targeting an overall of $350 million. Most of its limited partners are returning from previous funds, and consist of Temasek Holdings, IFC (which put $25 […] The company states this makes Fund IV the biggest fund across all early-stage funds in Southeast Asia this year.< iframe class="wp-embedded-content"sandbox="

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Bonus Crunch roundup: China’s brand-new data privacy law, fractional farming, financial obligation vs. equity

Bonus Crunch roundup: China’s brand-new data privacy law, fractional farming, financial obligation vs. equity

China’s first data personal privacy laws enter into impact on November 1, 2021. Will your company remain in compliance? Imitated the EU’s GDPR, the brand-new policies” [introduce] possibly the most strict set of requirements and protections for data privacy in the world,” composes Scott W. Pink, unique counsel in O’Melveny’s Data Security & & Personal privacy practice. […] Debt versus equity: When do non-traditional funding financing make sense? Natasha Mascarenhas took a look at the parallels in between edtech and the creator economy, both of which expanded amid the pandemic — and blurred amidst the rise of cohort-based classes. “Edtech and the developer economy definitely vary in the issues they try to solve: Finding a VR solution to make

online STEM classes more realistic is reasonable different nut various crack than fracture all of a creator’s different monetization various money making one platform. Dear Sophie: When can I apply for my US work allow? — TechCrunch”src =” https://techcrunch.com/2021/09/08/dear-sophie-when-can-i-apply-for-my-us-work-permit/embed/#?secret=u72kwFFgvG “data-secret =”u72kwFFgvG”width =”800″height =”450” frameborder=”0″marginwidth =”0 “marginheight =”0″ scrolling=”no”>

Financiers are doubling down on Southeast Asia’s digital economy

Financiers are doubling down on Southeast Asia’s digital economy

Southeast Asian tech business are drawing the attention of financiers all over the world. In 2020, start-ups in the area raised over $8.2 billion, about four times more than they did in 2015. Southeast Asia has become an attractive market for U.S. and Chinese tech companies. China’s tech giants Tencent and Alibaba were among the very first to support early e-commerce growth in Southeast Asia with investments in Sea Limited and Lazada, and have because expanded their footprint into other web verticals. Southeast Asia likewise has many opportunities for VC investment relative to its market size. From 2015 to 2020, China saw VC financial investment of nearly $ 300 per person; for Southeast Asia– regardless of a current investment boom– this metric sits at just $47.50 per person, or simply a sixth of that in China.

Digital therapies start-up Neuroglee raises $10M to help individuals with neurodegenerative conditions

Neuroglee Rehabs, a startup developing digital therapeutics for individuals with neurodegenerative diseases, has raised a $10 million Series A led by Openspace Ventures and EDBI. The financing will be used to launch virtual neurology clinics and to support Neuroglee’s transfer to Boston. Other participants consisted of Ramen Singh, the former president of Mundipharma; Biofourmis […] The funding will be used to introduce virtual neurology clinics and to support Neuroglee’s move to Boston. Neuroglee and the Mayo Center are currently working together on a brand-new platform called Neuroglee Link. Based on the Mayo Center’s 10-day in-person program PRACTICE (Health Action to Benefit Self-reliance and Thinking) for individuals with mild cognitive disability from possible neurodegenerative conditions, Neuroglee’s innovation will enable HABIT to scale, making it available to patients and caretakers in their houses.

Indonesia-focused Intudo Ventures closes $115M 3rd fund

Intudo Ventures, the “Indonesia-only” financial investment firm, revealed today it has closed its third fund, totaling $115 million. Called Intudo Ventures Fund III, it was raised in less than three months and oversubscribed. Fund III’s limited partners consist of Black Kite Investments, the household office of Singaporean businessman Koh Bon Hwee; Wasson Enterprises, the household office of […] , the “Indonesia-only” financial investment firm, announced today it has actually closed its third fund, totaling $115 million. For its 3rd fund, Intudo intends to invest in about 12 to 14 start-ups, in sectors like farming, business and b2b, education, financing and insurance, health care and logistics. Leading early-stage and Series A rounds will continue to be Intudo’s core focus, but it likewise prepares to invest in Series B and C rounds for business from its first two funds.

E-commerce aggregator Rainforest raises $20M simply months after its last funding

4 months after its last financing announcement, Singapore-based e-commerce aggregator Jungle has actually closed a $20 million pre-Series A round led by Monk’s Hill Ventures. Other participants included January Capital, Crossbeam Venture Partners, Amasia and Lo & & Behold Group, in addition to returning financiers Nordstar and Insignia Endeavor Partners. Rain forest announced in Might that it had actually raised […] In addition to brand acquisitions, the funding will likewise be used on hiring and building its tech facilities. Since releasing in January 2021, Rain forest has obtained 6 brands, consisting of one from China for $3.6 million, marking its first foray into the country, and prepares to triple its brand portfolio by the end of this year. After purchasing brand names, Rainforest scales them up through inventory management, cost optimization and growths into new markets and circulation channel.

Financial contrast “incredibly app” Jeff raises $1.5 M seed extension

Financial contrast “incredibly app” Jeff raises $1.5 M seed extension

Financial services, especially those for individuals who do not have access to standard checking account or lines of credit, are proliferating in Southeast Asia. Jeff App wants to offer consumers a “incredibly app” where they can compare many monetary items and request them using the startup’s exclusive data-scoring models. For company, Jeff acts as […] Jeff App desires to provide customers a “incredibly app” where they can compare lots of financial products and use for them using the start-up’s exclusive data-scoring models. Before launching Jeff, Niparts was CEO of Spain for Digital Financing International, a fintech company that is part of the Finstar Financial Group. To create rewards to return to Jeff, rather of unloading the app once they protect a loan, Jeff is also offering vouchers, like Shopee discount rates and planning to release telecom top-ups with cashback offers and a user referral performance.