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Months after its Series A, Singaporean robo-advisor Endowus add $35M SGD in new funding



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Endowus is the latest investment app in Southeast Asia to raise follow-on funding, adding $35 million SGD (about $25.6 million US) to its war chest. The round was led by Prosus Ventures, the venture firm majority-owned by Naspers, and EDBI. Participants included SoftBank Corp.-owned Japanese tech conglomerate Z Holdings.
Returning investors included UBS, Singtel Innov8 and Lightspeed Venture Partners.
Endowus raised its $23 million SGD Series A just seven months ago, led by Lightspeed Venture Partners and SoftBank Ventures Asia. The new round brings Endowus’ total funding to $67 million SGD (about $49 million USD) and puts it in the company of other apps that have quickly raised follow-on funding as appetite for retail investing grows in several Southeast Asian markets. These include Pintu, Syfe and Ajaib, all based in Indonesia; …

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