CarbonEthics secures USD 2.1 million seed funding to scale climate impact solutions
CarbonEthics, an Indonesia-based climate tech startup focused on natural solutions, has raised USD 2.1 million in seed funding led by Intudo Ventures, with angel investors participating.
Founded in 2019, CarbonEthics has made a name for itself by helping businesses meet decarbonization goals through the restoration of ecosystems like mangroves and peatlands. By blending environmental restoration with commercial viability, CarbonEthics designs projects that sequester carbon, regenerate forests, and enhance community livelihoods. The fresh capital will support the expansion of these projects and allow the company to bring in top-tier technical talent to bolster its services.
By 2030, CarbonEthics aims to restore 8 million hectares of land, generating over 160 million tons of carbon dioxide equivalents in impact, while improving the lives of 50,000 people in local communities.
Checkmate lands USD 1.6 million seed round led by Wavemaker Partners
Checkmate, a platform that simplifies pre-employment screening, has closed a USD 1.6 million seed funding round led by Wavemaker Partners, positioning the company for growth.
Launched in 2019, Checkmate offers a streamlined solution for human resource teams, integrating background checks, reference verifications, and compliance into a single platform. The company’s goal is simple: reduce the time-to-hire, cut down risk, and improve the overall candidate experience.
With this new capital, Checkmate plans to expand into Australia, the US, and Southeast Asia, while upgrading its technology to make the process even more seamless for businesses.
Tour Amigo raises USD 2 million seed funding to expand operations
Tour Amigo, a B2B software-as-a-service player in the travel industry, has secured USD 2 million in seed funding led by Wavemaker Partners, with additional backing from 500 Global.
Tour Amigo’s software is tailored for multi-day tour operators, offering solutions that streamline everything from reservations to itinerary management. With this new capital, the company is setting its sights on the North American market—a strategic expansion into one of the largest travel markets in the world.
Kendra Scott Design secures minority investment from 65 Equity Partners to fuel global expansion
65 Equity Partners, backed by Temasek, has taken a significant minority stake in Kendra Scott Design, a lifestyle and accessories brand. HPS Investment Partners and Belzberg & Co also co-invested in the transaction.
Kendra Scott Design, founded in 2002, is said to have built its success on family values, philanthropy, and an unerring sense for what today’s consumers want. With this fresh capital infusion, the company will accelerate its expansion into new product categories and open more retail stores, further solidifying its status as a leader in the fashion space.
Founder Kendra Scott retains a majority stake and will continue to guide the company’s growth.
Xero to acquire Syft Analytics for up to USD 70 million
Cloud-based accounting software company Xero has agreed to acquire Syft Analytics for up to USD 70 million, comprising an upfront payment of USD 40 million (including USD 10 million in Xero shares) and additional payouts based on performance.
Syft’s platform, which offers advanced financial reporting and analytics to small businesses and accountants, will be embedded within Xero’s existing offerings over time, bolstering the insights and decision-making tools available to its users.
Headquartered in Johannesburg, Syft is said to serve customers in over 80 countries, including major markets like Australia, the UK, and the US. This deal positions Xero to deepen its analytics capabilities as it continues its global growth.
Redcliffe Labs secures USD 42 million in Series C round
Redcliffe Labs, a leading omnichannel diagnostics provider in India, has closed a USD 42 million Series C funding round led by Denmark’s Investment Fund for Developing Countries (IFU), which invested USD 20 million. Existing investors LeapFrog Investments, HealthQuad, and Spark Growth Ventures also participated in the round.
The funds will enable Redcliffe to expand its presence in tier-two and tier-three cities, opening more labs and collection centers, and growing its home collection network.
Carsome, Pathao, iFarmer, and more led Monday’s headlines:
- Carsome, a leading car e-commerce platform in Southeast Asia, locked in over MYR 200 million (USD 46.5 million) in fresh working capital through partnerships with Ambank Group and Maybank.
- Pathao, a Bangladeshi consumer tech company, raised USD 12 million in a pre-Series B funding round. The round was led by VentureSouq, with participation from Anchorless Bangladesh, Osiris Group, South Asia Tech, and Openspace Ventures.
- iFarmer, an agritech startup in Bangladesh, secured an investment from Razor Capital. The financial details were not disclosed.
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