Ed-tech startup Arcterus snags US$1M in Series A to expand into Southeast Asia
The funding will be used for expansion into the region, with a focus on Korea, Indonesia, Malaysia, the Philippines and Thailand, as well as improve features of notebook app Clear.
Japan-based Arcterus develops ed-tech products leveraging adaptive and machine learning techniques, such as Clear, a notebook sharing platform, and Caiz, tutoring tools for teachers.
Its main service, Clear, is branded as the ‘GitHub of notebooks’, enabling users to both publish and share personal study notebooks with other Clear users.
Clear has more than 500K users in both Japan and Thailand.
Healthcare startup Hello nabs US$40M from Temasek Holdings
Less than a year after raising US$2.4 million in crowdfunding from Kickstarter, healthcare startup Hello has secured a US$40 million investment (paywall) by Temasek Holdings, according to The Financial Times.
Based in Singapore, the company has raised a total of US$52.9 million in funding and is now valued at US$250 million.
Launched in 2011, Hello has developed Sleep Pill, which clips onto a user’s pillow to track sleep quality, via an accelerometer and gyroscope. Data is then sent to Hello’s Sense, a bedside orb that measures bedroom conditions such as noise, light, temperature, humidity and particles in the air.
The startup has recently completed shipping its first batch of products to almost 20,000 Kickstarter backers.
Hello has yet to comment on the investment.
A spokesperson at Temasek Holdings said, “We see opportunities in the tech sector which cater to our investment themes, particularly those around the growth of middle-income populations and their demand for consumer and technology products.”
We’ll be updating this as more funding news comes in. Stay tuned!