This week’s funding news:
- 500-backed Atomionics, a startup that builds quantum sensors for navigation and resource exploration, has successfully closed a seed funding round. More details on Daily Markup #219.
Hear from fellow founders:
- Maliha M Quadir, founder and managing director of 500-backed Shohoz, was featured in an interview with the Business Times in Bangladesh. Read more on Daily Markup here.
Moves in fintech:
- 500-backed fintech startup First Circle launched a revolving credit line to support at least 10,000 micro, small and medium enterprises in the Philippines amid the COVID-19 pandemic.
- EMQ is one of two companies soon to be able to apply for formal licenses for an experimental money transfer service that it was permitted to set up in 2019 to cater to migrant workers in Taiwan.
- Get the full stories here.
Leveling up in education:
- Enabled by 500-backed edtech startup Gnowbe, Singapore becomes the first country in the world to roll out a course developed by Intel to demystify artificial intelligence (AI) for the man in the street.
- amalan international announced a partnership with an Indonesian institution of tertiary education, Universitas Gadjah Mada (UGM), to complement classes with experiential learning opportunities at amalan.
- Get the full stories here.
Startups battling COVID-19:
- Fintech startup Impact Credit Solutions (ICS) launched the Indonesian Resilience Fund (IRF), a US$40 million fund that will support Indonesia’s healthcare sector during the COVID-19 pandemic. More on Daily Markup #221.
- Prenetics was featured in The Guardian for the launch of its COVID-19 test pods across IWG premises, the UK’s largest flexible workspace provider.
Other stories you may have missed:
- Carsome bags three awards: EY Emerging Entrepreneur of the Year 2020, SEBA | SME and Entrepreneurs Business Award Technopreneur of the Year, and Wild Digital’s BOOM21 Disruptors of 2021.
- SEPPURE has been chosen to receive The Urban Innovation Champion Award at the Cities of the Future conference on 28 April.
- Neuron Mobility expands its e-scooter services in Slough, UK, and Bundaberg, Australia. Meanwhile, its recent launch in Sunderland, UK was supported by accident prevention charity Royal Society for the Prevention of Accidents (RoSPA).
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500 Startups is a venture capital firm on a mission to discover and back the world’s most talented entrepreneurs, help them create successful companies at scale, and build thriving global ecosystems. In Southeast Asia, 500 Startups invests through the pioneering 500 Southeast Asia family of funds. The 500 Southeast Asia funds have backed over 240 companies across multiple sectors from internet to consumer to deep technology. It continues to connect founders with capital, expertise and powerful regional and global networks to help them succeed.
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