Hello Betamax, Starting today, Daily SEA Deals has a new name: SEA Signals. The change better captures our intention behind this newsletter: to help readers cut through the noise in Southeast Asia’s startup landscape with data-backed signals. The newsletter will still bring you the latest funded startups in the region, and over time, we hope to add more useful data points on companies, investors, and market activity. Stay tuned to SEA Signals. Here are the latest funding rounds across Southeast Asia. DEALS ANNOUNCED IN THE PAST 24 HOURSFloq (Indonesia) - US$11.3 million - Series A Floq provides crypto trading and related digital asset services for Indonesian users. The company says it surpassed 1.8 million registered users in less than a year after launching in May 2025. Key members: Yudhono Rawis - Founder and CEO: Rawis previously was the CEO of Tokocrypto, where he led the acquisition deal by Binance and restructuring of operations. He was also the CEO of Ringan, setting up the fintech lending business of Ping An Insurance Group in Indonesia. Paul Versley - SVP Strategy: Versley was a senior manager at Binance APAC. Previously, he co-founded Malaysia-based media company Lantern. Investors in this round: Ascent HFX Group, MD Capital See more K25.ai (Singapore) - US$4 million - Strategic investment K25.ai is a live-stream-oriented, creator-led prediction market platform. It allows users to watch, engage with, and generate predictions about real-time content, including sports, esports, entertainment, creator challenges, cultural events, and other Asia Pacific-focused events in approved markets. The new funding follows a May announcement that K25.ai had secured an initial US$2 million investment. Key member: Andy Cheung - Founder and CEO: Cheung was the COO of OKEx (now OKX), a digital asset exchange. He also served as CEO of Groupon Hong Kong. Investor in this round: NewGenIVF See more |
