Dataweavers, Klook Secure Major Funding; IMDA Boosts Singapore Media Industry
Australian marketing tech firm Dataweavers and Singapore-based travel platform Klook have both secured substantial funding. Meanwhile, Singapore's IMDA has committed SGD 55 million to boost the local media industry.
Dataweavers, an Australian marketing technology company, has raised AUD 5.5 million (USD 3.6 million) in funding. The company aims to use this capital to further develop its marketing tech solutions.
Klook, a leading platform for leisure experiences and travel services, has raised USD 210 million in an equity funding round. The funding round was led by Bessemer Venture Partners, with support from multiple investors including BPEA EQT, Atinum Investment, and others. Klook plans to allocate the funds to product innovation, social and digital marketing, and integration with artificial intelligence.
Singapore's Infocomm Media Development Authority (IMDA) has committed SGD 55 million (USD 41 million) to enhance the local media industry. The funds will be used to support virtual production and international co-productions.
These funding rounds and investments reflect the growing interest in digital marketing, travel services, and media innovation. Both Dataweavers and Klook have secured significant capital to drive their respective businesses forward, while IMDA's commitment aims to stimulate growth and international collaboration in Singapore's media industry.
