Singaporean organization Monozca Foundation is opening an incubator facility for small and medium enterprises (SMEs) in the Philippines in Filinvest Corporate City, which will be called the Cocoon SME Global Hub.
Tags: Asia
Real estate listing platform Lamudi gets USD7 million funding
Rocket Internet's Lamudi has received USD7 million funding from Tengelmann Ventures and other new investors left undisclosed, reported TechCrunch.
San Francisco-based music apps maker Smule scores $16.6M in new funding
San Francisco, US-based social music apps maker Smule scored $16.6 million in a new funding round led by Roth Capital Partners to develop its products and fuel its expansion into Asia.
US firm iControl Networks acquires Canadian home automation device maker Blacksumac
Redwood City, US-based remote home monitoring company iControl Networks acquired Ottawa, Canada-based home automation device maker Blacksumac for an undisclosed amount to expand its product portfolio.
Irish hotel booking startup Hot Hotels bags $1M for international expansion
Ireland-based same-day hotel booking startup Hot Hotels bagged $1 million (€730,000) in funding from private investors and accelerator funds to fuel its expansion into Europe and South America.
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Palo Alto, US-based beauty box retailer Memebox, which was imported from South Korea, bagged $1.5 million in venture funding to establish its presence in the US.
San Francisco, US-based real-time economic data tracking platform Premise nabbed $11 million in a Series B funding round led by Social+Capital Partnership to continue tracking prices of food staples in Asia, Latin America, US, and Europe.
Moscow, Russia-based affiliate marketing and advertisement firm CityAds Media nabbed a $5-million investment from private equity investor Klever Internet Investments in exchange of a minority stake in the ad company.
Li Ka-Shing, the richest man in Asia, led a $23-million investment round in Silicon Valley, US-based synthetic egg startup Hampton Creek which is preparing to conquer the Asian market.
Singapore-based data analytics firm Crayon Data secured INR7.3 crore in a venture round from Jungle Ventures and Spring Seeds Capital for its expansion into the US, UK, Middle East, and China.
Pennsylvania, US-based language learning app Duolingo secured $20 million in a recent funding round led by Kleiner Perkins Caufield & Byers to conquer the Asian market and compete with other English-teaching services.
Jacksonville, US-based domestic trucking and international shipping firm Momentum Transportation USA Inc acquired JIX International Freight Services for an undisclosed amount to expand its worldwide operations.
State-backed fund Innovation Network Corp of Japan (INCJ) entered an agreement to pick up a 20% stake in Kyoto-based robotic hand maker Squse Inc for JPY500 million ($4.9 million), according to three sources familiar with the matter.
Minnesota, US-based food processing firm Cargill purchased the Leonardo olive oil brand from New Delhi, India-based premium wellness food provider Dalmia Continental for an estimated price of INR100 crore.
