[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
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$27,000,000+
STARTUPS
INVESTORS
Industrial robotics giant Fanuc is using AI to make automation even more automated
On April 18, 2019Source: Asia – TechCrunchBy Catherine ShuIndustrial 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 LiaoAmazon 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 […]
Starbucks challenger Luckin’s fundraising spree continues with $150M investment
On April 18, 2019Source: Asia – TechCrunchBy Rita LiaoCoffee startup Luckin is continuing its fundraising spree as it sets its sights on becoming an alternative to Starbucks in China. The year-and-a-half-old company announced on Thursday that it closed a Series B-plus raise totaling $150 million. The fresh proceeds valued Luckin at $2.9 billion post-money, up from $2.2 billion just four months ago. While […]
Terry Gou will resign as Foxconn’s chairman to run for president of Taiwan
On April 17, 2019Source: Asia – TechCrunchBy Catherine ShuFoxconn chairman Terry Gou officially announced on Wednesday that he will run for president of Taiwan. Gou will step down from leading the company (also known as Hon Hai Precision Industry Co. Ltd.), one of Apple’s most important manufacturers, in order to campaign for the nomination of the Kuomintang, the pro-China opposition party. Taiwan’s economy […]
Proof of Capital is a new $50M blockchain fund that’s backed by HTC
On April 17, 2019Source: Asia – TechCrunchBy Jon RussellIt’s often said that the dramatic fall of crypto prices last year ushered in a new era for technology-focused startups in the blockchain space, and the same argument can be made for the venture capitalists who fund them. Proof of Capital is the latest fund to emerge after it officially announced a maiden $50 million […]
Dutch chipmaker NXP makes China push by backing radar company Hawkeye
On April 17, 2019Source: Asia – TechCrunchBy Rita LiaoDutch chipmaker NXP Semiconductors has come a long way since Qualcomm’s outsized $44 billion offer to acquire it fell through last year. In an announcement released on Tuesday, NXP said it has agreed to back and partner with Hawkeye Technology, a Chinese company specializing in automotive radars, as part of an ambition to capture the […]
Aptiv takes its self-driving car ambitions (and tech) to China
On April 17, 2019Source: Asia – TechCrunchBy Kirsten KorosecAptiv, the U.S. auto supplier and self-driving software company, is opening an autonomous mobility center in Shanghai to focus on the development and eventual deployment of its technology on public roads. The expansion marks the fifth market where Aptiv has set up R&D, testing or operational facilities. Aptiv has autonomous driving operations in Boston, Las […]
Student sues JD.com’s billionaire CEO Richard Liu for alleged rape
On April 17, 2019Source: Asia – TechCrunchBy Rita LiaoFour months after local prosecutors decided not to press charges, a Chinese student has filed a lawsuit against JD.com founder and chief executive Richard Liu, alleging the billionaire businessman raped her in Minnesota back in August. The lawsuit, which was filed in Hennepin County on Tuesday, is seeking damages of more than $50,000. It identifies […]
TikTok downloads ordered to be blocked on iOS and Android in India over porn and other illegal content
On April 16, 2019Source: Asia – TechCrunchBy Ingrid LundenTikTok, the user-generated video-sharing app from Chinese publisher ByteDance that has been a global runaway success, has stumbled hard in one of the world’s biggest mobile markets, India, over illicit content in its app. Today, the country’s main digital communications regulator, the Ministry of Electronics and Information Technology, ordered both Apple and Google to remove […]
JD founder cautions logistics business must tighten belt
On April 16, 2019Source: Asia – TechCrunchBy Rita LiaoAlibaba’s arch-foe JD.com has long prided itself on owning and controlling its logistics services: couriers are treated as in-house staff and paid a basic income. But that will end soon as costs keep piling up for the e-commerce giant. In an internal letter sent to the staff on Monday, JD founder and chief executive Richard […]
China’s startup ecosystem is hitting back at demanding working hours
On April 13, 2019Source: Asia – TechCrunchBy Rita LiaoIn China, the laws limit work to 44 hours a week and require overtime pay for anything above that. But many aren’t following the rules, and a rare online movement puts a spotlight on extended work hours in China’s booming tech sector. People from all corners of society have rallied in support for improvements to […]
Backer of Musical.ly, Grindr and Opera to invest $50M in self-driving startup Pony.ai
On April 12, 2019Source: Asia – TechCrunchBy Rita LiaoA games publisher in China is following the path of its larger peer Tencent to back a wide spectrum of startups for financial gains. Beijing Kunlun Wanwei, or Kunlun, announced in a filing this week that it plans to inject $50 million into autonomous driving startup Pony.ai in exchange for a 3 percent stake. Pony.ai […]
Naspers-owned PayU doubles down on India with $70M deal to buy Wibmo
On April 12, 2019Source: Asia – TechCrunchBy Ingrid LundenPayU, the Naspers-owned payments company that competes with the likes of PayPal but focuses mainly on emerging markets, has made an acquisition to expand its business in India. It has acquired Wibmo, a startup based out of the U.S. (Cupertino, to be exact) that mostly operates in India. PayU is paying $70 million for the […]
Uber has already made billions from its exits in China, Russia and Southeast Asia
On April 12, 2019Source: Asia – TechCrunchBy Jon RussellUber’s exits from China, Russia and Southeast Asia were billed as failures, but the ridesharing giant has already made billions on paper from those moves, according to its IPO filing. Uber released its much-anticipated S-1 on Thursday and reporters and analysts are frantically digging into a treasure trove of previously unreleased details. A number of […]
Didi steps up financial drive as it courts car leasing companies
On April 11, 2019Source: Asia – TechCrunchBy Rita LiaoDidi Chuxing is making a further push into the financial arena as it looks to diversify its business amid huge losses. We reported in January that the company, which controls a dominant slice of China’s ride-hailing market, released financial and insurance products targeting riders and drivers. Its service offering just broadened after the startup launched […]
CleverTap lands $26M for its mobile-focused customer marketing service
On April 10, 2019Source: Asia – TechCrunchBy Jon RussellCleverTap, an India-based startup that lets companies track and improve engagement with users across the web, has pulled in $26 million in new funding thanks to a round led by Sequoia India. Existing investor Accel and new backer Tiger Global also took part in the deal, which values CleverTap at $150-$160 million, the startup disclosed. […]
Southeast Asia’s Carousell snags $56M from Naspers-owned OLX
On April 10, 2019Source: Asia – TechCrunchBy Jon RussellIt’s taken some time to come around, but Naspers — the early Tencent investor that’s also behind the world’s top listings service — finally has a piece of Southeast Asia’s Carousell. TechCrunch broke news of talks between the two sides last year, and now Carousell has confirmed that it has raised $56 million from Naspers’ […]