Archive for the ‘General’ Category

OCBC rolls out ‘robo-investing’ service for retail customers, first in South-east Asia to do so

OCBC Bank rolled out its algorithm-based investment service, RoboInvest, to its retail customers, targeting young and tech-savvy investors aged between 25 and 40 years old. The service, which requires a minimum investment of S$3,500, will offer users 28 portfolios of equities and exchange traded funds across six markets, and will be based on themes like technology, […]

A new unicorn is born: Root Insurance raises $100 million for a $1 billion valuation

Root Insurance, an Ohio-based car insurance startup with a tech twist, has raised $100 million in a Series D funding round led by Tiger Global Management, pushing the company’s valuation to $1 billion. Redpoint Ventures, Ribbit Capital and Scale Venture Partners all participated as follow-on investors in this latest round. Root provides car insurance to drivers. […]

Women are still less likely to invest in P2P, says

Women are still far less likely to invest in peer-to-peer loans, according to Latvian platform Research from the P2P payday lender has found that just eight per cent of its investors are women. However, women do make larger investments than their male counterparts. The average size of men’s investments is €1,900, while women on average […]

Seed-stage investor Vaibhav Domkundwar on why a startup should raise money when they don’t need it

Vaibhav Domkundwar is a seed-stage investor with a growing portfolio of 25+ companies across software, fintech, healthcare, e-commerce and other sectors. His Better capital invests up to $150,000 in pre-seed, seed, and pre-series A startups in India and US markets. Read the interview

Global Unicorn Exits Hit Multi-Year High In 2018

The grand tally of 2018 exits provides a clear counterpoint to skeptics, who questioned whether fast-growing unicorn populations and valuations would hold up with acquirers and public market investors. It appears prices are keeping up nicely. The vast majority of U.S. unicorn exits this year, for instance, were close to or above private market valuations. […]

Southeast Asia’s top 30 tech startup founders

Three years ago, Tech in Asia compiled a list of Southeast Asia’s top 30 tech founders. They’ve update this list by using the funding data and research they’ve gathered over the past two years. Some of the founders from the previous tally remain, but new names have made it as well. Founders are only included […]

VCs Are On Track To Make 2018 A Record Year For Unicorns

Unicorns are not zoo animals. If they were, someone might have put up a “No Feeding” sign. In the first seven months of 2018, investors put $73 billion into rounds for private venture-backed companies valued at $1 billion or more. That’s about three-fourths of the total for all of 2017, last tallied at $98 billion. Unicorn-related […]

10 Startup Accelerators Based On Successful Exits

Forbes contributor Alejandro Cremades has generated a list of 10 accelerators based on successful exits: Y Combinator (Mountain View, California, USA) 500 Startups (Mountain View, California, USA) Techstars (Boulder, Colorado, USA) Plug and Play (Sunnyvale, California, USA) MassChallenge (Boston, Massachusetts, USA) SOSV (Princeton, New Jersey, USA) Startupbootcamp (London, UK) Internet Initiatives Development Fund (IIDF) (Moscow, Russia) Wayra (Slough, Buckinghamshire, UK) Start-Up […]

The only thing mythical about unicorns these days is their valuation

These days, it does not take much money to claim a US$1 billion valuation – under US$200 million in some cases. Nor do you have to be a leading edge or disruptive tech company. Many unicorns, especially those in China, are simply smartphone apps applied to businesses that have been around for decades. Who determines the […]

Old-Money Billionaires Are Chasing New Tech Riches

Having made their fortunes in industries that are increasingly being upended by technology, many of the world’s wealthiest individuals and families are turning to venture investing as a way to bet on the future at a time when fewer startups are going public. Some are backing young companies in hopes of spotting the next potential […]