News Snapshot:
Digital wealth manager startup Syfe announced that it has clinched S$40 million for its latest Series B funding round led by US-based Valar Ventures. Valar, the venture capital fund co-founded by Peter Thiel, had also led Syfe’s Series A. Existing investors Presight Capital and Unbound also participated in the latest round. The investment comes just nine months after Syfe’s Series A in September last year. To-date, Syfe has raised in total S$70.7 million of capital. The funds raised will be used to expand into new markets in Asia, invest in top talent, and develop more high-quality investment products and services....
