Thailand’s LINE MAN Wongnai Reaches Unicorn Status After Raising Series-B Funding
LINE MAN Wongnai announced today that it has raised US$265 million in a Series-B investment round led by GIC, Singapore’s sovereign wealth fund, and LINE Corporation. This fundraising round was also joined by BRV Capital Management, PTT Oil and Retail Business Public Company Limited (OR), Bualuang Ventures and Taiwan Mobile. With this investment, LINE MAN […]
Beyond the Elephant in the Room MIT Media Lab Southeast Asia Forum co-hosted by KBTG and Bangkok Bank
As one of the most reputable institutions, the Massachusetts Institute of Technology (MIT) holds some of the world’s leading research in science, engineering, design, and arts that encourage the exploration and creation of cutting-edge technologies capable of changing the world – and now MIT is bringing its expertise to Southeast Asia. This year, the MIT […]
Get ready for a prolonged downturn that’s worse than 2000 or 2008, billionaire VC Doug Leone says
HELSINKI, Finland — American venture capitalist Doug Leone doesn’t think the tech wreck is going away anytime soon. The Sequoia Capital partner gave a gloomy outlook for the global economy, warning that today’s downturn was worse than recessions in 2000 and 2008. “The situation today I think is more difficult and more challenging than either […]
Sequoia-backed Australian e-grocery firm ends operations
Voly, an Australia-based e-grocery firm, has stopped operations, co-founder Thibault Henry announced in a LinkedIn post. The decision came amid “sudden changes” in the macro environment, unstable geopolitics, and high inflation, making it difficult to attract new funding, the exec said. “Without enough runway to reach profitability, we had to make the difficult decision to stop operating.” Founded […]
CES 2023 Will Focus on More Than Just New Tech
Barring another cataclysmic COVID outbreak, CES will be back in full force this January with a new focus on sustainability and how tech can improve the lives of people worldwide, according to the CEO of the group behind the show. The tech industry’s largest in-person event, which takes over the Las Vegas Strip each January, […]
Women and family health startup Maven raises $90 million for post-Roe v. Wade world
Maven, the women and family health startup, has raised $90 million in a new fundraising round, and in a tough environment for venture funding. The round, led by General Catalyst and with CVS Health Ventures, Intermountain Healthcare’s VC arm and European venture firm La Famiglia participating, brings Maven’s total capital raised to $300 million. Maven […]
Biggest crypto exchange Binance urges new industry rules
The head of the world’s biggest cryptocurrency exchange has told global leaders new regulations are needed. Binance chief Changpeng Zhao was speaking at a conference in Bali, Indonesia, attended by heads of the G20 group of nations. The company has also announced plans for a recovery fund to help struggling crypto businesses. It follows the bankruptcy […]
Over a million are owed money by failed crypto exchange
Over a million people and businesses could be owed money following the collapse of the crypto exchange FTX, according to bankruptcy filings. There have also been reports that FTX suffered a hack, taking millions of dollars of crypto from the firm. It’s a worrying time for individuals who have money in the business. In the UK, […]
Microsoft and Alaska Airlines are working with this startup to make clean jet fuel from carbon emissions
Sustainable aviation fuel, commonly called SAF, has so far been expensive to produce, but new startups are now creating clean fuels out of carbon at a much cheaper cost. Now, new tax credits for clean fuel production from the recently signed Inflation Reduction Act could propel these companies further faster. Most SAF is made out of carbon […]
This startup backed by Zillow and Intuit co-founders aims to put an end to fast furniture
The furniture industry generates about 10 million tons of waste that ends up in U.S. landfills each year, according to the Environmental Protection Agency. While it doesn’t get the type of attention that fast fashion does, fast furniture is just as harmful to the environment. California-based startup Fernish is trying to mitigate that by marketing […]