In today’s briefing:
- Alternative Assets Marketplace Fundnel Buys Hg Exchange, Rebrands as Alta
- FishLog Raises US$3.5M to Empower Cold Storage Warehouses in Indonesia to Improve Utility
- TV Tokyo Leads Vietnamese Digital Entertainment Firm’s Series D Round
- Lazada Group Publishes First ESG Report
Alternative Assets Marketplace Fundnel Buys Hg Exchange, Rebrands as Alta
- Singapore-based Fundnel, a leading digital marketplace for alternative investments, has acquired the blockchain-powered private digital securities exchange Hg Exchange (HGX).
- According to a press release, the acquisition will enable Alta to support the tokenisation and digital custody of alternative assets.
- This will create an end-to-end solution that makes it cheaper and faster to trade private securities, funds, and asset-backed securities like real estate and luxury assets.
FishLog Raises US$3.5M to Empower Cold Storage Warehouses in Indonesia to Improve Utility
- FishLog, an ecosystem enabler for the fisheries cold chain industry in Indonesia, has closed its US$3.5 million pre-Series A round
FishLog was established in 2020 by Bayu Anggara, Reza Fahlepi, and Abdul Halim to solve the fragmentation in cold chain fisheries in Indonesia
The agritech startup improves cold storage, processor, and distribution in Indonesia’s fisheries to enable the industry to meet global supply and demand better
TV Tokyo Leads Vietnamese Digital Entertainment Firm’s Series D Round
- Vietnam-based Pops Worldwide, a digital entertainment firm, has raised an undisclosed amount in its series D round.
- While it did not disclose the size of the deal, the firm previously told Tech in Asia that it had planned to raise US$50 million for its series D round.
- Founded in 2008 by Esther Nguyen, Pops has 690 million viewers across its OTT, YouTube, TikTok, and Facebook platforms.
Lazada Group Publishes First ESG Report
- Singapore-based ecommerce giant Lazada has released its first environmental, social, and governance (ESG) report.
- As a largely unexplored concept in Southeast Asia, the firm enlisted the help of an independent consultant to map out its ESG priorities.
- The core tenets of the firm’s ESG framework are “empowering communities, developing a future-ready workforce, ensuring responsible stewardship, and effective governance.”
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