ShopBack raises US$25m in latest funding round

7 Nov 2017, Straits Times

E-commerce firm ShopBack has raised US$25 million in its latest funding round, bringing the company’s total financing to date to close to US$40 million.

The latest round was led by Credit Saison, the largest credit card and retail finance company in Japan, ShopBack said in a media release on Tuesday.

More than 10 institutional investors participated in the round, including new investors Blue Sky, AppWorks, Intouch Holdings, Aetius Capital and 33 Capital, as well as existing investors SoftBank Ventures Korea, Singtel Innov8, Qualgro and East Ventures.

The latest funding will be used to drive three key areas of development – acquiring world-class talent, launching new product features and establishing market leadership, the firm said.

ShopBack said it handles close to 1,000 orders per hour, with an annualised sales figure of over US$300 million for more than 1,300 partner merchants across the online retail, travel and lifestyle platforms.

Over three and half million consumers across six countries in the Asia Pacific have signed up with ShopBack since the company’s inception in 2014, it added.

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Game engine maker Unity raises $400 million in private equity from Silver Lake

23 May 2017, venturebeat

Game engine maker Unity Technologies isn’t hurting for money. The company has raised $400 million in private equity from Silver Lake, according Unity CEO John Riccitiello, as quoted in Bloomberg.

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Singapore’s Toast raises money, on path to become a full-scale financial services platform for migrant workers

10 Nov 2016, e27 / Deal Street Asia / Tech in Asia / Tech Crunch

Toast, a Singaporean startup that in 2015 pioneered remittances as a popular sector of the fintech industry, announced today it has raised a US$1.5 million pre-Series A round led by Aetius Capital.

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Aetius Capital leads US$5M Series A in mobile gaming platform Cloud Alliance

26 May 2016, Bloomberg / Reuters / Deal Street Asia / Tech in Asia / AVCJ / etc

Riding the wave of a booming mobile games industry, Singapore-based private investment firm, Aetius Capital, has successfully closed a US$5 million Series A funding for Cloud Alliance Pte Ltd.

Cloud Alliance is a Singapore-based company that specializes in developing platform solutions for the games industry. Cloud Alliance has recently sealed a global deal with San Francisco-based Unity Technologies (“Unity”) to be …

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No Matter Which VR Headset You Buy, This Company Wins

31 Mar 2016, Bloomberg

Unity makes software tools used by some 4 million developers to build video games. Virtual reality could turn it into a $1.5 billion business.

When visitors to the Leviathan Project strap on a virtual reality headset, they find themselves inside a science lab…

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BRIEF-Guangdong Golden Glass to acquire Singapore’s Onwards Media

19 Nov 2015, Reuters

Guangdong Golden Glass Technologies Ltd * Says plans to acquire Singapore’s Onwards Media Group for…

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Toast raises seed funding to help migrant workers in Singapore send money back home

09 Oct 2015, Tech In Asia

Singapore-based online remittance platform Toast has raised a S$1.2 million (US$850,000) seed round, the company announced today. The oversubscribed round was led by Singapore-based investment firm Aetius Capital, and joined by international investor ACE & Company, which has previously invested in financial comparison site CompareAsia and online peer-to-peer payments startup Transf…

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Sugar App Could Be The Savior of Small Businesses

10 July 2014, Yahoo News

We have spoken about Sugar, the new discovery app that encourages you to reimagine Singapore in a new light. They just celebrated their full launch on 8th July that featured a full Nyotaimori…

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