Finance

Vietnamese IT recruiting platform TopDev raises investment from Korean recruiting company SaraminHR

Vietnam-based IT recruiting startup TopDev announced that it has closed a seven-digit deal investment from Korean recruiting company SaraminHR.

Nguyen Huu Binh, TopDev CEO and Founder, said: “With this new funding, we will continue to improve TopDev’s services quality and develop new values for our customers, while still continuing to enhance others goals besides the recruitment functions such as increasing the developers’ supply for the market through training, developing IT career programmes for young people, students, and freshers.”

TopDev is an IT recruitment platform which claims to possess 300,000 developer profiles, with the customers mostly are technology companies in Vietnam and the region.

Vietnam’s startup movement with digital transformation has made the demand for recruiting programming personnel has increased 1.5 times each year, along with the participation of companies in the region coming to Vietnam in search of tech talent.

Cambodian logistics tech ShopRunBack raises US$900K in pre-Series A funding from OBOR Capital

ShopRunBack, a French-Cambodian logistics tech startup announced that it has closed US$900,000 in pre-Series A funding led by OBOR Capital, a venture capital fund in Cambodia. Joining the round are other investors including Negocia Ventures, a Singapore-based VC firm founded by serial entrepreneur, Thierry Tea.

ShopRunBack is a reverse logistics company that was founded in 2014 with the aim to transform the returns experience for both customers and merchants, combining international logistics network with a new generation of plug & play software.

Also Read: This Hong Kong logistics startup supports the logistics of, well, startups

ShopRunBack has already counted retailers and marketplaces in Europe such as Etam and Mango in its portfolio. It recently signed a strategic partnership with Shenzhen’s 4PX Express (Alibaba Group) to propose the use of its reverse logistics platform to 4PX’s database that includes more than 300,000 merchants and to increase adoption of logistics and e-commerce best practices in the Mekong region.

Indonesian AI-powered software startup Eureka AI nabs US$20M in Series B round from host of investors

AI enterprise software company Eureka AI has raised US$20 million in a Series B funding round co-led by Apis Partners, Gobi Partners, the Riyad Taqnia Fund, and MEC Ventures, Tech In Asia has learned.

The Softbank-backed startup also welcomes SG Innovate, GDP Ventures, Pacific Bridge, and Cianna Capital into the round, joining existing investors in the company that includes SoftBank, PPF Home Credit, and East Ventures.

The company said that the funding will be used to support its expansion plans in Europe and the US, as well as develop its product portfolio.

Eureka AI was founded in 2017 in Indonesia, offering a proprietary AI enterprise software platform Spectrum, that helps organise mobile data to deliver actionable intelligence at scale for mobile operators and enterprises in fields such as banking, insurance, transportation, fast-moving consumer goods, and telecommunications. It helps these companies in making decisions, serving their customers, and acquiring new clients.

SoftBank reportedly funnels US$2.5B to the second Vision Fund

Japan’s SoftBank Group is said to have funneled US$2.5 billion cash into new investments since October to its Vision Fund, DealStreetAsia reported. There was also a report that the Japanese tech conglomerate also considers adding another US$2.5 billion of its own money.

SoftBank Chief Executive Masayoshi Son said that the company may spend up to two years investing its own money in a bridge fund, to give investors enough confidence to participate in a second Vision Fund by bettering its portfolio.

Also Read: Taiwan AI tech startups to stand out for Global Recognition at CES Eureka Park 2020

For the second Vision Fund, SoftBank targeted a US$108 billion fundraise. It had committed US$38 billion of its own money toward that goal but faced delay due to investor “concerns” about the performance of the first US$100 billion Vision Fund.

The first Vision Fund spent over US$80 billion after its first major fundraising close in May 2017 backing a number of technology startups, such as office space-sharing company WeWork and ride-hailing firm Uber Technologies Inc (UBER.N). However, it was faced with a loss with SoftBank forced to save WeWork from bankruptcy last year in a roughly US$10 billion financing deal.

Business

BCA partners GK – Plug and Play to launch its second edition of SYNRGY Accelerator

After the 2019 edition of SYNRGY Accelerator, PT Bank Central Asia Tbk (BCA) continues the accelerator programme partnering global accelerator GK – Plug and Play focussing on Augmented reality (AR)/Intelligence (AI)/Machine Learning (ML).

The startups joining this batch are:

  • Ai Sensum, big-data analytics & AI customer engagement platform
  • Assemblr, a mobile and desktop platform to access and create AR content
  • Cubeacon, a platform to build hardware dan Mobile Insight for IoT (Internet of Things) device.
  • Delman IO, an end to end big data solutions focussing on data cleansing and data warehousing.
  • DyCodeX, an end to end AI, IoT-based solutions. SMARTernak is a platform to support cow farming management, developed by DyCodeX.
  • KYCK!, a KYC (Know Your Customer) platform that can be used to verify blockchain-based startups identity.
  • Octagon Studio, a tech company specialises in AR (Augmented Reality), VR (Virtual Reality) dan MR (Mixed Reality) products.
  • Qomodo, a market research company serving SMEs in doing automated market research and data analysis.
  • Shinta VR, a software developer, and VR/AR/MR content company that focusses on training and edutech sector.
  • Verihubs, a platform that provides automated verification using AI.
  • Zero One, a service-based company that helps companies innovate with data optimisation

There will be two batches of SYNRGY Accelerator this year for three months each where startups will get access to investors, one-on-one mentoring, chance to collaborate with BCA, connection with the regulator, and media coverage.
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Image Credit: TopDev Vietnam

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