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[Currently in BETA mode]

eleva8or introducer engine helps Startups and Investors come together efficiently

For Startups, eleva8or helps them to prepare for due-diligence to attract capital from savvy investors around the globe

For Investors, eleva8or helps to provide exposure to new and emerging Startups that fit their investment profiles

eleva8or is not crowdfunding, typically one or two Investors participate in deals

STARTUPS

INVESTORS

Didi invests $200M in Chinese auto trading platform RenRenChe

On September 25, 2017Source: Asia – TechCrunchBy Jon Russell
Categories: Asia, Automotive, Collaborative Consumption, Fundings & Exits, TC, Didi Chuxing, ride-sharing, China

 China’s Didi Chuxing is already well-known for making investments, but this time around the ride-sharing company has stepped beyond backing companies in its core industry with its latest deal. That’s because Didi has backed RenRenChe, China-based online peer-to-peer car marketplace, via a strategic investment that is confirmed at $200 million. It’s not clear what… Read More

Southeast Asia games firm Sea, formerly Garena, files for $1 billion US IPO

On September 23, 2017Source: Asia – TechCrunchBy Jon Russell
Categories: Asia, Fundings & Exits, Garena, initial public offering, stock market, finance, alibaba, Tencent, temasek, Southeast Asia

 Southeast Asia-based games and e-commerce firm Sea, formerly known as Garena, has officially filed for its much-anticipated U.S. IPO. The company, which is valued at over $3.75 billion, will list on the New York Stock Exchange as ‘SE’ and is looking to raise $1 billion. Sea is best known for its Garena gaming business, which predominantly focuses on PC games but also includes… Read More

Twitter is testing a Twitter Lite Android app, first in the Philippines

On September 23, 2017Source: Asia – TechCrunchBy Ingrid Lunden
Categories: Apps, Asia, Social, TC, Twitter, twitter lite, emerging markets, Android, android apps, Philippines

 Twitter today has nearly four times as many monthly active users outside the U.S. as it does in its home market — 260 million versus 68 million — and this week it quietly launched a new app in an effort to boost those numbers further. The social network is testing a Android app for Twitter Lite, a native app version of a mobile web site Twitter launched earlier this year that… Read More

East Ventures announces new $30M fund to continue investing in Indonesia

On September 21, 2017Source: Asia – TechCrunchBy Jon Russell
Categories: Asia, Fundings & Exits, TC, Southeast Asia, World, Convergence Ventures, Tencent, East Ventures, Indonesia

 East Ventures is back at it again with another new fund to invest in early-stage companies in Indonesia, Southeast Asia’s largest economy and the world’s fourth most populous country. This new $30 million fund is the firm’s sixth to date in Southeast Asia, and remarkably its second in 2017 alone. Read More

Baidu announces $1.5B fund to back self-driving car startups

On September 21, 2017Source: Asia – TechCrunchBy Jon Russell
Categories: Asia, Automotive, Fundings & Exits, TC, Baidu, transport, economy, Automation, robotics, autonomous car

 Baidu is putting some serious cash behind its self-driving car push after it announced a $1.5 billion fund that’s focused on backing autonomous driving tech companies. The Chinese giant, best known for its internet search service and AI technology, has prioritized autonomous vehicles in a major way in recent years, so this comes as little surprise. Baidu made its Apollo self-driving… Read More

CCleaner supply chain malware targeted tech giants

On September 21, 2017Source: Asia – TechCrunchBy Natasha Lomas
Categories: Asia, Europe, Security, TC, CCleaner, malware, Piriform, Cisco, Avast, supply chain attack, espionage

 Malware that piggybacked on CCleaner, a popular free software tool for optimizing system performance on PCs, appears to have specifically targeted high profile technology companies and may have been an attempt to harvest IP — perhaps for commercial or state-level espionage.  Read More

HTC stock suspension adds fuel to Google acquisition rumors

On September 20, 2017Source: Asia – TechCrunchBy Natasha Lomas
Categories: Asia, Fundings & Exits, Mobile, TC, Virtual Reality, HTC, smartphones, VR, Vive, Google, Android

 HTC is to suspend trading of its stock on the TWSE tomorrow, ahead of what it says will be the release of “material information” pertaining to its business. Read More

Electric scooter maker Gogoro raises $300 million for growth

On September 20, 2017Source: Asia – TechCrunchBy Jon Russell
Categories: Asia, Automotive, Fundings & Exits, Gogoro, technology, Scooter, taiwan, berlin

 Electric scooter maker Gogoro has closed a massive $300 million Series C round to expand its service. The company has sold scooters in its native Taiwan since 2015, and it Europe it offers them on a short-term rental basis. That’s in Berlin, Germany, and Paris, France, where Gogoro provides a combined 1,600 scooters for an on-demand sharing service that’s operated by… Read More

Luno raises $9M to bring its bitcoin wallet, exchange and services to Europe

On September 19, 2017Source: Asia – TechCrunchBy Jon Russell
Categories: Asia, Fundings & Exits, TC, cryptocurrencies, Bitcoin, blockchains, currency, Naspers, Balderton Capital

 Luno, a bitcoin wallet and exchange based out of Singapore, is riding the crypto wave into Europe after it closed a $9 million Series B round for market expansion. The funding was led by new investor Balderton Capital, with participation from existing backer Digital Currency Group. South Africa’s AlphaCode — also a new arrival on the cap table — joined the deal which… Read More

China’s JD.com announces $500M e-commerce and fintech joint ventures in Thailand

On September 18, 2017Source: Asia – TechCrunchBy Jon Russell
Categories: Asia, Fundings & Exits, Southeast Asia, JD.com, Thailand, central group

 Roll up, roll up… there’s another e-commerce mega deal in Southeast Asia courtesy of a Chinese investor. Following on from Alibaba’s $1 billion deal with Lazada and a $1.1 billion round in Tokopedia led by Alibaba, rival Chinese e-commerce firm JD.com has announced a $500 million investment that will create e-commerce and fintech businesses in Thailand. Southeast Asia, a… Read More

SoftBank Group will buy a 5% stake in ZhongAn, China’s first online-only insurance agency

On September 18, 2017Source: Asia – TechCrunchBy Catherine Shu
Categories: Asia, Fundings & Exits, Startups, TC, SoftBank Group, Softbank Vision Fund, ZhongAn, alibaba, Tencent, Pingan, China, insurance

 SoftBank Group has agreed to be a cornerstone investor in the initial public offering of ZhongAn, China’s first online-only insurance agency, on the Hong Kong Stock Exchange today. SoftBank Group will buy a 5 percent stake in the company, or about 72 million shares, at the offer price, which is in the range of HKD $53.70 to HKD $59.70 per share. If calculated based on the… Read More

Google debuts Tez, a mobile payments app for India that uses Audio QR to transfer money

On September 18, 2017Source: Asia – TechCrunchBy Ingrid Lunden
Categories: Asia, eCommerce, Mobile, TC, Google, mobile payments, payments, tez, ultrasonic, qr codes

 After several weeks of speculation and leaked details, today Google officially unveiled its first big foray into mobile payments in Asia. The Android and search giant has launched Tez, a free mobile wallet in India that will let users link up their phones to their bank accounts to pay for goods securely in physical stores and online, and for person-to-person money transfers with a new twist:… Read More

China’s three largest bitcoin exchanges will all stop offering local trading

On September 16, 2017Source: Asia – TechCrunchBy Jon Russell
Categories: Asia, TC, Huobi, OKCoin, cryptocurrencies, Bitcoin, currency, BTC China

 Well, that didn’t take long. Yesterday, China’s longest running bitcoin exchange, BTC China, announced it will suspend its local trading service at the end of this month, and today the country’s two other major exchanges — Huobi and OKCoin — followed suit to say they will cease at the end of October. The writing was on the wall when The Wall Street Journal… Read More

Tencent tried to buy Spotify earlier this year

On September 15, 2017Source: Asia – TechCrunchBy Jon Russell
Categories: Asia, Fundings & Exits, Media, Tencent, Spotify, smule, soundcloud

 Spotify has long been linked with going public in the U.S. — it is speculated to be preparing for an IPO-less listing next year — but it has emerged that the company rebuffed the opportunity to sell to a major tech name earlier this year: Tencent, the Chinese internet giant valued at $380 billion. Tencent is said to have approached Spotify with a view to acquiring the company to… Read More

Didi adds Apple Pay support across core mobility services

On September 15, 2017Source: Asia – TechCrunchBy Natasha Lomas
Categories: Apps, Asia, Payments, TC, Transportation, transport, didi, Apple Pay, Didi Chuxing, Uber, Apple, Didi Luxe, Didi Select, ride hailing

 China’s ride-hailing giant Didi is this week adding support for Apple Pay to its core personal mobility services — including Didi Premier, Didi Express, Didi Luxe and ofo, a partner station-less bike-rental service also powered by an app.  Read More

The first of China’s top bitcoin exchanges has announced it will suspend trading

On September 14, 2017Source: Asia – TechCrunchBy Jon Russell
Categories: Asia, TC, Bitcoin, crypto, cryptocoin, China, BTC China

 A number of China’s top bitcoin exchanges are preparing to suspend their services following instructions from the government. BTC China, one of the country’s top three, became the first to officially make the move after it announced today that will stop all trading for China-based customers from September 30. The company — China’s oldest running exchange — said… Read More

Google is reportedly releasing a localized mobile payment service in India

On September 14, 2017Source: Asia – TechCrunchBy Jon Russell
Categories: Asia, Payments, Google, emerging markets, india, payments

 Google is increasing its focus on India with plans to introduce a localized digital payment service as soon as next week, according to a report from India-based news site The Ken. The publication claims Google ‘Tez’ — meaning fast in India — will offer a comprehensive set of payment options beyond existing products like Google Wallet or Android Pay. Tez, for one thing,… Read More

Infostellar raises $7.3M for its ‘Airbnb for satellite antenna’ rental services

On September 13, 2017Source: Asia – TechCrunchBy Jon Russell
Categories: Asia, Fundings & Exits, Space, business, Infostellar, Satellites

 Going beyond the bounds of our planet is the future. That explains why Infostellar, a platform that enables antenna sharing to enable better communication for satellites and spacecrafts, exists — and also why it has raised $7.3 million to build out its business. Infostellar, in the most basic terms, is Airbnb for satellite antennas. Read More

ZenBook maker Asus launches $50M venture fund to bring Silicon Valley startups into Asia

On September 13, 2017Source: Asia – TechCrunchBy Catherine Shu
Categories: Asia, TC, Venture Capital, asus, taiwan, Fenox Venture Capital

 Asus, the Taiwanese hardware firm known for its ZenBooks, ZenFones and Zenbo the cute, humanoid robot, is stepping into the VC game with the launch of a $50 million venture capital fund. Managed in partnership with Fenox Venture Capital, it will focus on strategic investments with startups that want to enter Asian markets. Read More

Ex-Sequoia Asia partner Yinglan Tan closes $25M fund and makes first investment

On September 13, 2017Source: Asia – TechCrunchBy Jon Russell
Categories: Asia, Fundings & Exits, Sequoia, Southeast Asia

 More details about former Sequoia venture partner Yinglan Tan’s new fund have emerged after an SEC filing confirmed that it has raised $25 million for its maiden fund, and it made its first investment. Tan, who was with Sequoia’s Singapore office for five years before leaving this summer, is thought to be starting Insignia Venture Partners to focus on Southeast Asia’s… Read More