EV Growth, the growth-stage arm of East Ventures, joined the latest round.

The firm is partnering with large banks across the region that are increasingly attracted to the crypto space.

SCI Ecommerce, which counts Lazada and Shopee as clients, assists brands and merchants set up and manage digital stores in Southeast Asia and China.

Shopee is concentrating on Brazil as its main market in Latin America, while other countries such as Mexico are part of an “asset-light” approach in the region.

The amount of raised capital and deals dropped slightly in 2020, but there are more than one reason to be optimistic for Southeast Asia’s startup ecosystem.

It is ‘unlikely’ that Razer will issue its own cryptocurrency but it might accept select digital currencies as payment for its hardware and services.

Often the only Asian VC in the deals it is involved in, iGlobe Partners connects western and Asian startup networks to invest in game-changing innovations.

The firm plans to back 32 companies, with a ticket size ranging from USD 250,000 to USD 1 million.