We can’t believe it’s March already?! Let’s recap and see what our alumni have been up to in these last few months – and spoiler alert, it’s ALOT of fundraising news.
With 174 startups accelerated since 2015, we’ve had many amazing startups come through our programmes and it’s so great to see them continue to succeed and scale their businesses. Here are some of the top alumni stories we love:
Three auto brands, BMW, Porsche, and Jaguar participated in the round to grow the roadside assistance network. This round follows a $10M Series B in October 2017 and a $7M Series A in September 2015 which brings the total raised to $39.7M. Urgent.ly was part of INFINITI Lab, powered by Nest.
The deal is officially undisclosed, but TechCrunch reports that Go-Jek paid $72M. This investment is part of a broader strategic partnership between Go-Pay, Go-Jek’s payment arm, and Coins.ph to drive more adoption of cashless payment solutions in the Philippines. Coins.ph was part of OCBC Accelerator, powered by Nest.
Singaporean ride hailing app Ryde has secured an undisclosed amount of funding from a investment firm called Nomad X. Ryde will use the new capital to expand its operations, hire and train more technical talent, and launch new features.
Ryde was part of INFINITI Lab, powered by Nest.
MENA’s leading P2P lending platform secured $4M of follow on investment from Riyad TAQNIA Fund as part of a Series B funding round. This latest round brings the total raised by Beehive to $15.5M since its launch.