Singapore-based fintech startup CrossFund has announced raising an additional $1.5 million in funding, while venture capital firm 1982 Ventures has named a new regional ecosystem and platform head based in Indonesia.
Fintech startup CrossFund raises $1.4m more in funding
CrossFund, a Singapore-based equity financing startup that uses AI for vetting and fundraising, and Web3 integrations, has announced raising an additional $1.4 million in its fourth funding round in two years.
The round, which was backed by family offices and a host of venture investors, including BlockBase Ventures, UI Investments, Australia Gulf Capital, and BXB Capital, valued the startup at $47 million.
Founded in 2021 by Ben Carderelli and Davide Cali, CrossFund is an invitation-only, venture collective that helps founders raise early-stage capital and connect with accredited investors. Outside Singapore, the startup operates in Indonesia, India, Vietnam, and the Philippines.
“Our vision has always been to invest early in founders and give people access to valuable startup equity in the economies of the future,” Carderelli said.
1982 Ventures names regional ecosystem and platform head
Singapore-based venture capital firm 1982 Ventures has named Amiyandra Suratman as its regional VC Ecosystem and Platform head to support the company’s strategic stakeholder relations.
Suratman, who joins 1982 Ventures from MDI Ventures, where she managed strategic synergy, will be based in Jakarta, where she will assist the firm in dealing with portfolio companies, limited partners, corporate partners, and ecosystem partners, according to the announcement.
She also held senior roles at Innovation Factory Block71, a partnership between the National University of Singapore (NUS) and Indonesian conglomerate Salim Group.
The key hire comes as 1982 Ventures is set to launch its second fund–1982 Ventures Fund II–by the first quarter of 2024, with a target corpus of $50 million. The firm, which primarily invests in the burgeoning fintech sector, announced the close of its maiden fund at $20 million last year, against its original target of $15 million.
1982 Ventures is backed by global institutions, multinationals, family offices, general partners of leading VC funds and unicorn founders. Its portfolio includes global payments platform for banks iPiD, Southeast Asia’s first crypto payment solutions TripleA; Indonesia and Bangladesh’s first Earned Wage Access platform Wagely; Singapore’s AI-enabled financial data delivery platform Bluesheets; and AI-embedded lending fintech CrediLinq.AI.
