Singapore-based agri-genomics startup Singrow has raised $4.5 million in Series A funding from multiple new investors and existing backers, while Jakarta-based NusaTrip Incorporated has completed its initial public offering on Nasdaq, raising approximately $15 million in gross proceeds.
SG’s agritech Singrow raises $4.5m series A funding
Singapore-based agri-genomics startup Singrow has raised $4.5 million in Series A funding backed by Finc Pte. Ltd., Cyanhill Capital, Pasudeco, and Eastern Wind International, alongside returning backers Ritz Venture Partners and AgFunder, according to its announcement on Tuesday.
The capital will allow the company to deepen its work in seed breeding, vertical farming, and reverse genetics, while also taking its business beyond current markets, such as Singapore and China.
Established in 2019, Singrow has developed heat-tolerant strawberry varieties that can withstand Southeast Asia’s tropical climate. Since 2023, the company has operated a propagation facility in Guangzhou, supplying strawberries to China and exporting across Singapore, Indonesia, and Thailand. Field trials are also underway in Vietnam, Malaysia, and other regional markets, as it positions itself as a genetics-first agri-tech player.
The company is now building one of the region’s largest indoor farms in Singapore, designed to co-cultivate strawberries and white-button mushrooms. The project applies a circular farming model in which carbon dioxide released from mushroom production is reused to enrich the strawberry environment. A similar facility is being planned for Houston, Texas, alongside future projects in Vietnam and China.
The fresh capital comes as Singrow prepares for a Series B round, with a first close expected in December 2025. The capital is expected to support further international expansion, including planned entries into Saudi Arabia and Brunei.
NusaTrip IPO on Nasdaq
Jakarta-based online travel agency NusaTrip Incorporated, which has a presence in Southeast Asia and the APAC region, has completed its initial public offering on Nasdaq. The company sold 3.75 million shares at $4 each, raising approximately $15 million in gross proceeds.
Trading under ticker NUTR, shares began listing on Nasdaq on August 15. Cathay Securities served as the exclusive underwriter for the deal.
NusaTrip plans to use the capital into targeted growth strategies, including expanding into new markets, pursuing acquisitions, bolstering working capital, and supporting general corporate needs.
Tjin Patrick Soetanto, CEO of NusaTrip, added, “There’s never been a better time to be in the online travel market in Southeast Asia. With Southeast Asia’s disposable income and internet penetration booming, we believe the future is quite bright for our sector. And, with the strategic and technological advantages we hold over the majority of our peers, we think the next few years will feature significant growth for our company.”
Raynauld Liang, CEO of Society Pass (NusaTrip’s parent company and controlling shareholder), added, “We decided in 2024 to spin off NusaTrip as a public company because we saw its potential to achieve accelerated growth in an online travel market that was growing strongly in our region as well as across the Asia Pacific. Today, we’re even more convinced that NusaTrip can and will achieve this goal.”
Established in 2015 in Jakarta, NusaTrip Incorporated is an acquisition-focused travel agency. In 2023, the company acquired Vietnam’s VLeisure and VIT. It is looking for travel companies in PRC, Hong Kong, Philippines, Thailand, Singapore, Malaysia, India, and the UAE.
