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[Currently in BETA mode]
عربي

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 tech startups that fit their investment profiles

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

eleva8or also assists with cross-border market discovery and entry, with connections to soft-landing programs

More details about what we offer here

STARTUPS

INVESTORS

The Switch has now outsold the N64, but Nintendo sees growth slowing

On April 25, 2019Source: Asia – TechCrunchBy Jon Russell
Categories: Asia, Gaming, ceo, China, n64, Nintendo, Nintendo Switch, satoru iwata, super smash bros, Tencent, the wall street journal, Wii

Nintendo’s Switch has now outsold its N64 console on lifetime sales, but prospects for the portable gaming system look mixed for the next year following a conservative sales forecast. Nintendo just announced its end of year financials, and in doing so it revealed that it sold 16.95 million Switch consoles in the last year, taking […]

Vue.ai raises $17M to equip online retailers with AI smarts

On April 24, 2019Source: Asia – TechCrunchBy Jon Russell
Categories: Asia, eCommerce, Funding, Fundings & Exits, artificial intelligence, chennai, e-commerce, electricity, falcon edge capital, india, Instagram, Japan, mad street den, Marketing, MercadoLibre, online shopping, Redwood City, retail, Seattle, sequoia capital, spain, tata, visual search, Vue.ai

Vue.ai, a U.S./India startup that develops an AI platform to help online retailers work more efficiently and sell more, has announced a $17 million Series B round. The investment is led by Falcon Edge Capital with participation from Japan’s Global Brain and existing backer Sequoia Capital India. Parent company Mad Street Den was founded in […]

Twitter to offer report option for misleading election tweets

On April 24, 2019Source: Asia – TechCrunchBy Natasha Lomas
Categories: Asia, Europe, Government, Social, disinformation, EC, Election Interference, election security, european commission, european union, Facebook, fake news, Google, india, online disinformation, political disinformation, social media, Twitter

Twitter is adding a dedicated report option that enables users to tell it about misleading tweets related to voting — starting with elections taking place in India and the European Union . From tomorrow users in India can report tweets they believe are trying to mislead voters — such as disinformation related to the date […]

Ride-hailing firm Grab is losing its CTO

On April 24, 2019Source: Asia – TechCrunchBy Jon Russell
Categories: Asia, Personnel, Transportation, artificial intelligence, bangalore, Beijing, carsharing, China, Companies, CTO, Facebook, go-jek, Google, grab, Jakarta, kuala lumpur, LinkedIn, Microsoft, Seattle, Singapore, Softbank, SoftBank Group, Southeast Asia, Theo Vassilakis, transport

Grab is once again on the hunt for a CTO after Theo Vassilakis, the former Microsoft and Google executive who currently occupies the role, announced that he will leave the ride-hailing company this summer. Vassilakis became Grab CTO in October 2017, ending a very long search to fill the job, but he explained in a […]

Singapore’s Saleswhale raises $5.3M to bring AI to sales and marketing teams

On April 23, 2019Source: Asia – TechCrunchBy Jon Russell
Categories: Artificial Intelligence, Asia, Recent Funding, Startups, artificial intelligence, business, california, economy, entrepreneurship, General Assembly, GREE Ventures, lead generation, Monk's Hill Ventures, Private Equity, saleswhale, Southeast Asia, Startup company, United States, wavemaker partners, Y Combinator

Saleswhale, a Singapore-based startup that uses AI to help marketers and salespeople close deals, has announced a Series A round worth $5.3 million. The investment is led by Monk’s Hill Ventures — the Southeast Asia-focused firm that took part in Saleswhale’s seed round in 2017 — with participation from existing backers GREE Ventures, Wavemaker Partners […]

China is reportedly using US satellite technologies to bolster its surveillance capabilities

On April 23, 2019Source: Asia – TechCrunchBy Jonathan Shieber
Categories: Asia, Privacy, Security, Space, TC, Beijing, China, satellite, spaceflight, The Carlyle Group, U.S. government

The Chinese government has been using a private company jointly owned by a U.S. investment firm and its Chinese counterpart to expand its surveillance and telecommunications capabilities using American technology, The Wall Street Journal reports. At the center of the Journal’s reporting is a company called Asia Satellite Telecommunications (AsiaSat). It’s a satellite operating company […]

India’s Mfine raises $17.2M for its digital healthcare service

On April 23, 2019Source: Asia – TechCrunchBy Jon Russell
Categories: Asia, Funding, Fundings & Exits, Health, Recent Funding, Startups, artificial intelligence, bangalore, beenext, Flipkart, gps, healthcare, Hyderabad, india, Japan, Mfine, myntra, practo, Prime Venture Partners, Tencent, world wide web

Mfine, an India-based startup aiming to broaden access to doctors and healthcare by using the internet, has pulled in a $17.2 million Series B funding round for growth. The company is led by four co-founders from Myntra, the fashion commerce startup acquired by Flipkart in 2014. They include CEO Prasad Kompalli and Ashutosh Lawania who […]

Binance’s hotly-anticipated Singapore crypto exchange is now live — and underwhelming

On April 23, 2019Source: Asia – TechCrunchBy Jon Russell
Categories: Asia, Blockchain, Cryptocurrency, author, Binance, Bitcoin, coinbase, cryptocurrencies, decentralization, digital currencies, economy, money, Singapore, Southeast Asia, spokesperson, temasek, Uganda, United States, xfers

Binance, the company widely seen as the world’s largest crypto exchange, has officially set up shop in Singapore after it launched a service in the country. The new Singapore service, however, bears more of a resemblance to U.S. rival Coinbase than a classic Binance exchange. Binance’s rapid ascent is thanks to a service that lets […]

Douyu, China’s Twitch backed by Tencent, files for a $500M U.S. IPO

On April 23, 2019Source: Asia – TechCrunchBy Rita Liao
Categories: Asia, Entertainment, Funding, bigo, China, douyu, esports, huya, Livestreaming, social media, Tencent, tiktok, Twitch, U.S. Securities and Exchange Commission, YY

Douyu, a Chinese live streaming service focused on video games, has filed with the U.S. Securities and Exchange Commission as it prepares to raise up to $500 million on the NYSE less than a year after its archrival floated on the same stock market. Wuhan-based Douyu, whose name translates as “fighting fish”, is the second […]

India’s ZestMoney raises $20M to grow its digital lending service

On April 23, 2019Source: Asia – TechCrunchBy Jon Russell
Categories: Asia, Banking, Finance, Funding, Fundings & Exits, artificial intelligence, coinbase, finance, Flipkart, india, Lizzie Chapman, Naspers, Omidyar Network, payu, Quona Capital, Reinventure, Ribbit Capital, Xiaomi, Zestmoney

Fintech is very much still hot in Asia. ZestMoney, a startup that helps consumers with no credit history get loans to buy online, announced today it has raised a $20 million Series B. The round is led by Quona Capital, a stealthy Washington-based fund that invests in emerging market fintech and has an office in […]

Why it’s so hard to know who owns Huawei

On April 22, 2019Source: Asia – TechCrunchBy Danny Crichton
Categories: Asia, Mobile, China, huawei

It’s one of the greatest technology “startup” success stories of the personal computer and smartphone eras. Yet, despite selling 59 million smartphones and netting $27 billion in revenue last quarter in its first-ever public earnings report this morning, a strange and tantalizing question shrouds the world’s number two handset manufacturer behind Samsung. Who owns Huawei? […]

Tencent’s latest investment is an app that teaches grannies in China to dance

On April 22, 2019Source: Asia – TechCrunchBy Rita Liao
Categories: Asia, Entertainment, Funding, China, ggv capital, IDG Capital, Jenny Lee, Lei Jun, mobile internet, senior citizen, Tencent, Xiaomi

Besides churning out video games for China’s young generations, Tencent has also been attuned to the needs of silver-haired users: its latest bet is an app that teaches middle-age and elderly users, most of whom are female, how to dance. Called Tangdou, or “sugar beans” in Chinese, the app announced on Monday that it has […]

Go-Jek brings in Misfit co-founder and ex-Facebook head to lead Vietnam business

On April 22, 2019Source: Asia – TechCrunchBy Jon Russell
Categories: Asia, Collaborative Consumption, Christy Trang Le, Facebook, food service, fossil, go-jek, grab, Indonesia, misfit, Philippines, Singapore, Southeast Asia, Thailand, vietnam

Ambitious ride-hailing startup Go-Jek’s Southeast Asia expansion plan suffered a blow when it lost the leadership team behind its business in Vietnam, but now it has replaced them with the former head of Facebook in the country. Christy Trang Le, who led Facebook’s business in Vietnam for nine months before quitting for family reasons in […]

Huawei says it shipped 59M smartphones in Q1 as revenue jumped 39% to $27B

On April 22, 2019Source: Asia – TechCrunchBy Jon Russell
Categories: Asia, Earnings, Hardware, China, Companies, deutsche telekom, huawei, Huawei technologies, kpmg, smartphones, telecommunications, United Kingdom, United States

Fresh from an $8.8 billion profit last year, much-maligned Chinese tech giant Huawei is touting yet more growth. The firm said today that revenue in the first quarter of 2019 grew 39 percent year-on-year to reach $26.78 billion, or 179.7 billion CNY. The company claims it is owned by its employees — although a recent […]

Sony launches a taxi-hailing app to rival Uber in Tokyo

On April 22, 2019Source: Asia – TechCrunchBy Jon Russell
Categories: Asia, Automotive, artificial intelligence, carsharing, China, commuting, didi, Didi Chuxing, Japan, Lyft, rakuten, Softbank, SoftBank Group, Sony, spokesperson, tokyo, Toyota, transport, Uber

Sony last year announced it would enter Japan’s taxi-hailing space and, good to its word, the electronics giant has kicked off its S.Ride service in Tokyo. The service — which was first noted by CNET — is a joint venture between Sony, its payment services subsidiary and five licensed taxi companies. Because ride-hailing with civilian […]

Resurgent HappyFresh raises $20M for its online grocery service in Southeast Asia

On April 22, 2019Source: Asia – TechCrunchBy Jon Russell
Categories: Asia, Recent Funding, Startups, TC, alibaba, China, economy, finance, Guillem Segarra, happyfresh, Honestbee, Indonesia, Instacart, JD.com, line ventures, Middle East, mirae, Naver, online grocery shopping service, samena capital, Sinar Mas Digital Ventures, Singapore, Southeast Asia, Thailand, Vertex Ventures

It’s been a tricky past few years for HappyFresh, the startup seeking to bring Instacart-like grocery deliveries to Southeast Asia. It has been through a series of rebuilding measures, but there’s light at the end of the tunnel after it announced a $20 million Series C. Launched in 2015, HappyFresh quickly raised $12 million to […]

China’s new gaming rules to ban poker, blood and imperial schemes

On April 22, 2019Source: Asia – TechCrunchBy Rita Liao
Categories: Asia, Gaming, Government, China, iQiyi, netease, Netflix, online poker, Tencent, video gaming

Lots of news has surfaced from China’s gaming industry in recent weeks as the government hastens to approve a massive backlog of titles in the world’s largest market for video games. Last Friday, On April 10th, the country’s State Administration of Press and Publication, the freshly minted gaming authority born from a months-long reshuffle last […]

Sequoia reveals first cohort for its ‘Surge’ accelerator program in India and Southeast Asia

On April 19, 2019Source: Asia – TechCrunchBy Jon Russell
Categories: Accelerator, Asia, Funding, Fundings & Exits, bangladesh, business, e-commerce, economy, education startup, entrepreneurship, Facebook, india, Indonesia, meesho, Private Equity, San Francisco, Sequoia, shailendra singh, Singapore, social media influencers, Southeast Asia, Startup company, vietnam, Y Combinator

Back in January, Sequoia India announced plans for its first early-stage startup accelerator program in India and Southeast Asia, and today the firm revealed the first cohort of 17 startups. To recap, the program — which is called Surge — gives each startup a $1.5 million check and participation in a four-month program that’s split […]

Industrial robotics giant Fanuc is using AI to make automation even more automated

On April 18, 2019Source: Asia – TechCrunchBy Catherine Shu
Categories: Artificial Intelligence, Asia, artificial intelligence, bin-picking, fanuc, industrial automation, Industrial Robotics, manufacturing, robotics, TC Sessions: Robotics + AI

Industrial automation is already streamlining the manufacturing process, but first those machines must be painstakingly trained by skilled engineers. Industrial robotics giant Fanuc wants to make robots easier to train, therefore making automation more accessible to a wider range of industries, including pharmaceuticals. The company announced a new artificial intelligence-based tool at TechCrunch’s Robotics + […]

Amazon China to close local marketplace and place more focus on cross-border

On April 18, 2019Source: Asia – TechCrunchBy Rita Liao
Categories: Asia, eCommerce, africa, alibaba, alibaba group, Amazon, China, Companies, e-commerce, e-reader, india, Japan, jumia, Kindle, Lazada, Lazada Group, netease, online marketplaces, Seattle, shenzhen, supply chain

Amazon has finally given up the fight with Chinese online shopping giants to capture the domestic market. On Thursday, the Seattle-based e-commerce company announced it will shut down its marketplace on Amazon.cn, which connects mainland Chinese buyers and sellers, while other units of its local venture will stay intact. “We are working closely with our […]