International moving service provider, Moovaz, announced that it has secured a Series A investment from Quest Ventures. This investment is a part of the US$7 million Series A funding round that was announced earlier from Supply Chain Angels, SGInnovate as well as other strategic investors.
AI.Reverie, the Computer Vision company that generates synthetic data to train algorithms, today announced that it has completed a $5.6 million equity round of financing. Vulcan Capital led the round, and other institutional investors included Compound, In-Q-Tel, Resolute Ventures, SGInnovate, TechNexus and Triphammer Ventures.
Singapore’s Mighty Jaxx, a startup that designs and manufactures collectibles and lifestyle products, said it has raised an additional S$4.5 million (US$3.2 million) to round out its pre-series A round.
In the ninth edition of Singapore Business Review’s 20 Hottest Startups, it was the small and medium enterprise (SME)-focused neobank Aspire that clinched the top spot, with $45.03m (US$32.5m) in funding from a series A round. These 20 startups raised an average funding amount of about $7.85m, which was a 47.32% plunge from the 2018 average of $14.9m.
While investors are expected to become more cautious in the coming months, in March, fundings continued to pour in for Southeast Asian startup ecosystem. The e27 content team noticed that there seemed to be a bigger number of seed-stage funding rounds being announced during the month, as opposed to Series A.