Asia venture funding falls in Q1, this German tech startup scored $330M

April 11, 2022 BusinessTrumpet

Asia venture funding falls after record 2021

The venture market in Asia is not immune to the decline in funding seen globally. Asia venture funding declined to $36.3 billion in the first quarter, a 7 percent drop compared to the same quarter last year, and a much more dramatic 31 percent dip compared to the last quarter of 2021, according to Crunchbase data.

Grover lands $330M in equity and debt for gadget subscriptions

Berlin-based Grover, an online platform for renting tech products through monthly subscriptions, announced it raised $330 million in new debt and equity funding.

Shein reportedly valued at $100B with fresh funding

Chinese fast-fashion company Shein has reportedly raised between $1 billion and $2 billion in a new funding round, giving the company a valuation of $100 billion. Shein is now tied for the third-most valuable private company in the world, according to The Crunchbase Unicorn Board.

Crypto exchange Binance.US raises $200M-plus ‘seed’

While some parts of the North American venture market may be slowing, crypto refuses to follow. Binance.US—the American franchise of Binance—said it has raised more than $200 million in a seed round at a pre-money valuation of $4.5 billion, making it the latest crypto-corn.

Tuesday Capital’s Prashant Fonseka on 7 years and 1000 pitches

Practical fundraising tips for founders from Prashant Fonseka of Tuesday Capital, an early-stage firm that has made hundreds of investments over the last eight years including Airtable, Airbnb, Uber, Cruise, and others.

Cybersecurity funding remains high even as venture cools off

Funding to venture-backed cybersecurity startups continues at an impressive clip—although significantly off the record high set last quarter. Venture dollars invested into cyber startups hit almost $6 billion in the first quarter, according to Crunchbase data.

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