Here’s what Asia Fund X’s got in the works

More: Hmlet co-founder’s new foray and Crypto.com’s license in Singapore. [Read from your browser]( Daily Newsletter --------------------------------------------------------------- Welcome to Tech in Asia's free Daily Newsletter! Get full access to our subscribers-only Daily Newsletter and other insightful analysis on the big and messy topics of Asia’s tech and startup community by [registering here](. --------------------------------------------------------------- IN FOCUS In today's newsletter, we spotlight: - [MSW Ventures’ Asia Fund X]( - A social networking app that wants people to meet offline - Other newsy highlights such as Hmlet co-founder Yoan Kamalski’s new venture raising funds and Crypto.com’s license in Singapore --------------------------------------------------------------- Hello {NAME} In the current economic uncertainty, startups are having a difficult time fundraising. But I don’t think the problem lies in the lack of capital to raise - looking at our [VC funds tracker]( investors in the region are raising money, and some of them are sitting on some pretty big piles of dry powder. The thing about these funds is that they’ve got to be deployed, and in some cases, preferably sooner rather than later. After all, what VC firms offer their backers is a return on their investment many years down the line - and to see outsized returns in, let’s say, 10 years time, one would probably want to get in on something with potential today. Where I’m going with this is that this money has to go somewhere, and startups with the right fundamentals and growth have an opportunity, especially with these VC firms that have cash to deploy. So in a rather clumsy segue, let’s hear from one that’s recently raised its inaugural fund. -- Stefanie  ---------------------------------------------------------------  THE BIG STORY [Why Asia Fund X targets ‘mainstream-oriented’ founders]( Jeffrey Seah talks about the inspiration behind his new investment vehicle, which has reached its first close. --------------------------------------------------------------- TRENDING NEWS [Social networking app WeGoWhere wants people to meet offline]( The Singapore-based social media platform has just raised US$1.2 million in a seed round led by 500 Global. [Sequoia India leads $5.7m round for climate tech startup Newtrace]( Newtrace is developing a cheaper and more efficient type of electrolyzer, which is used to create green hydrogen from renewable electricity. [Hmlet co-founder’s new startup bags $3.2m to expand globally]( Hybr1d provides businesses with AI-driven IT and HR solutions to reduce expenses and increase efficiencies. [Crypto.com receives license to offer digital token services in SG]( The crypto exchange also has regulatory approvals in a number of other jurisdictions, such as France, South Korea, and Dubai. ---------------------------------------------------------------  LISTICLE OF THE DAY [Meet the 80 top-funded startups and tech companies in Southeast Asia]( Here are the companies in Southeast Asia that are attracting tons of investors and have the resources to spend on software, talent, and expansion. ---------------------------------------------------------------  PRESS PEEKS The following press releases were published as they were received, without any editing from the Tech in Asia team. You too can publish your own press release on Tech in Asia by simply filling in [this form](. Our team will get back to you by the next business day. - klink.cloud - [klink.cloud and Ooredoo Business announce strategic partnership to offer omnichannel contact center solutions for businesses across Southeast Asia]( klink.cloud and Ooredoo Business Partner to Offer Omnichannel Contact Center Solutions for Businesses in Southeast Asia- Oxalus - [Oxalus, The NFT Social Commerce Platform Raises $1,1M From IDGCVB & Kyber Ventures]( An NFT-focused blockchain startup recently raised $1,1 million in seed funding led by IDG Capital Vietnam Blockchain and Kyber Ventures. ---------------------------------------------------------------  EVENTS HAPPENING You can also check out a curated list of trending tech events [over here](. - [Tech in Asia’s Founders Meetup: Vietnam on June 28]( Our networking event, Founders Meetup: Vietnam, is happening in Ho Chi Minh City on June 28 at The Sentry, 2/F Sonatus Building. Join us and share the hardest challenges you’ve faced as a founder. To help you find solutions, we’ll introduce you to fellow founders who have been there and done that. Register today! ---------------------------------------------------------------  WHO'S HIRING You can post a job [here]( or search for jobs [here](. - [Backend Software Engineer]( at Jublia Jakarta, Indonesia - [Tech Founder - CTO]( at Antler Jakarta, Indonesia - [Cyber Security Engineer (Blue Team)]( at PT Xapiens Teknologi Indonesia Tangerang, Indonesia - [Sr. Account Manager - Jakarta - Developer Sales]( at 99 Group (99.co) Jakarta, Indonesia - [Bob Junior Program - Tech Support Data Reporting]( at Bobobox Indonesia Bandung, Java, Indonesia - [Presales Engineer]( at IDstar Cipta Teknologi Jakarta, Indonesia [ADVERTISE]( | [SUBSCRIBE]( P.S. Don't miss out on the biggest tech news and analysis. Add newsletter@techinasia.com to your address book, contacts, or safe sender list. Or simply move us into your inbox. Tech in Asia thanks our partners for supporting our newsletters. 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