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Qualgro leads $11.2m round for French robotics startup

“Singapore-based venture capital firm Qualgro led a roughly US$11.2 million series A funding round for Pazzi, a brand and development company spun out of the French robotics and foodtech startup Ekim.”

Read more at: https://www.techinasia.com/qualgro-leads-11m-funding-french-robotics-startup

ShopBack has closed a $45 million round led by Rakuten Capital and EV Growth, with Qualgro and others

“ShopBack, a Singapore-based startup that offers cashback and consumer rewards in Asia Pacific, has closed a $45 million round led by new investors Rakuten Capital and EV Growth.

Founded in 2014, the startup had been relatively under-the-radar until late 2017, when it announced a $25 million investment that funded expansion into Australia, among other things. Now, it is doubling down with this deal, which sees participation from another new backer, EDBI, the corporate investment arm of Singapore’s Economic Development Board. ShopBack has now raised close to $85 million from investors, which also include Credit Saison Blue Sky, AppWorks, SoftBank Ventures Korea, Singtel Innov8 and Qualgro.”

Read more at: https://techcrunch.com/2019/04/09/shopback-raises-45-million/

PatSnap secures $38 million in Series D funding led by Sequoia and Shunwei, with Qualgro

“PatSnap, the world’s leading provider of research and development (R&D) analytics, has today closed its Series D investment round led by Sequoia Capital and Shunwei Capital, with participation from Qualgro, The company closed US$38 million from the three investors, taking PatSnap’s total funding to date to over US$100 million.”

Read more at: https://www.patsnap.com/resources/pr/patsnap-secures-38-million 

Singapore video creation platform snags $20m from Sequoia, Qualgro, and more

“Singapore-based video creation platform 90 Seconds has raised US$20 million in a series B funding round from a range of investors including SIG, Airtree Ventures, Sequoia India, Qualgro Venture Capital, Atami Capital, and Right Click Capital.”

Read more at: https://www.techinasia.com/90-seconds-snags-20m-improve-experience 

Data Republic $22m capital raising backed by Singapore Inc

“The venture capital fund of the Singtel Group and Singapore Airlines have joined three of Australia’s big four banks and Qantas as investors in Data Republic, a data-sharing platform creating secure infrastructure that could facilitate a new bilateral market for trade in data between Australia and Singapore.

The $22 million Series B raising was backed by existing investors Qualgro, a Singapore-based VC fund, Westpac’s corporate venture fund Reinventure Group, ANZ Banking Group and Ryder Innovation Fund.”

Read more at: https://www.afr.com/technology/data-republic-22m-capital-raising-backed-by-singapore-inc-20181204-h18ool

Sydney AI startup Curious Thing raises $1.5 million from Reinventure and Qualgro

“Sydney artificial intelligence startup Curious Thing has raised $1.5 million in seed funding from Reinventure Group and Qualgro.

Founded last year by startup veterans Sam Zheng, previously cofounder and CTO of Reinventure portfolio company Hyper Anna; Dr Han Xu, formerly head of machine learning at the ASX-listed Flamingo AI; and David McKeague, previously cofounder of Incoming Media, the startup’s technology focuses on asking, rather than answering, questions.”

Read more at: https://www.startupdaily.net/2019/02/sydney-ai-startup-curious-thing-raises-1-5-million-reinventure-qualgro/

Stealthy Singapore VC firm Qualgro is raising a $100M fund

“Southeast Asia’s venture capital space is booming right now. Openspace Ventures just announced the close of its newest $135 million fund, Golden Gate Ventures hit the first close on its upcoming $100 million vehicle, and a third Singapore-based fund is also raising big right now: Qualgro.

Unlike others, Qualgro has operated relatively under the radar to date.”

Read more at: https://techcrunch.com/2018/08/21/qualgro-100-million-fund/

Asian VC wakes up to Aussie start-up scene as Singapore’s Qualgro raises new fund

“Southeast Asian venture capital fund Qualgro is preparing to double down on its investments in the region and target more Australian investments, after closing the first 60 per cent tranche of a fresh $US100 million ($137.4 million) fund.”

Read more at: https://www.afr.com/technology/asian-vc-wakes-up-to-aussie-startup-scene-as-singapores-qualgro-raises-new-fund-20180813-h13vsi 

NuraLoop packs personalized sound into wireless buds

“Nura’s first headphones were certainly a conversation starter. The hybrid design mixed over-ear design, with in-ear buds. The wireless headset’s main trick, however, was the built-in audio test that uses otoacoustic emissions to spot any weak spots in your hearing and adjust the sound to compensate — like having glasses for your ears.

Nura’s just revealed its second pair of headphones, called the NuraLoop — the design is much more conventional, similar to many sports-flavored wireless buds. But that all-important hearing test remains.”

Read more at: https://www.engadget.com/2019/01/06/nuraloop-personalized-sound-wireless-buds/

Finding money is not an issue, finding great ideas is, says Qualgro’s Heang Chhor

“For Qualgro Venture Capital, finding money is not a big challenge in Southeast Asia but finding companies with great ideas is. Even so, this has hardly dampened Qualgro’s outlook for the market. Last month, this portal had reported that the firm was on the road to raise $100 million for its second vehicle. “The pain point right now is about finding great companies. Finding the money is not an issue. Great companies in SE Asia tend to be the same ones that receive a lot of investment, so they are usually oversubscribed rather than the other way round, Heang Chhor, founder, Qualgro, said in an interaction.”

Read more at: https://www.dealstreetasia.com/stories/finding-the-money-is-not-an-issue-finding-great-ideas-is-says-qualgros-heang-chhor-103773/

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