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Tracxn – South East Asia Newsletter # 110

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A weekly newsletter summarizing recent activity and interesting startups in South East Asia.

INTERESTING COMPANIES FOUND

Qvolta (2017, Singapore) – Peer to peer cryptocurrency exchange. Global Comparables include Zaif (2014, Osaka, $7.04M) and OpenLedger (2015, Hune, $1.66M).

Leben Care (2017, Singapore) – Provider of diagnostics solutions for eye-specific conditions. Global Comparables include Visulytix (2015, London) and Eyenuk (2010, Woodland Hills).

SEA – FUNDING UPDATES

Alodokter raises funding
Alodokter (2014, Jakarta), a health information portal, raises $9M in Series B from SoftBank Ventures Korea.

StickEarn raises funding
StickEarn (2016, Jakarta), crowd-sourced vehicle advertising platform, raises $1M in Seed funding from East Ventures.

ShopBack raises funding
ShopBack (2014, Singapore), an online cashback service provider, raises $25M in undisclosed Series from Credit Saison.

Qlue raises funding
Qlue (2015, Jakarta), a mobile application for reporting neighbourhood complaints, raises an undisclosed amount in undisclosed Series from GDP Venture.

OnlinePajak raises funding
OnlinePajak (2013, Jakarta), a tax reporting application for SMEs, raises an undisclosed amount in Series A from Alpha JWC Ventures, and Sequoia Capital.

Smartkarma raises funding
Smartkarma (2014, Singapore), a collaborative marketplace for investment insights, raises $13.5M in Series B from Sequoia Capital, Wavemaker Partners, Jungle Ventures and Spring Seeds.

iPaymy raises funding
iPaymy (2015, Singapore), an online solution for rent payment, raises $1M in undisclosed Series from BEENEXT and Digital Garage Incubation.

Vincom Retail raises funding
Vincom Retail (1993, Hanoi), a real estate development and management company, raises $740M in undisclosed Series from GIC, Templeton, HSBC.

MOC raises funding
MOC (2016, Myanmar), an online publishing firm, raises an undisclosed amount of funding from local investor Aung So Tha.

SEA – RECENT DEVELOPMENTS

VinaCapital to deploy over $100M in PE deals
VinaCapital, Vietnam based asset management firm, plans to deploy over $100M in PE deals.

GHL Systems Berhad acquires 31.16% of MPOS Global for $3.3M
GHL Systems Berhad, a Malaysian payment solutions provider, acquires 31.16% of MPOS Global, a Vietnamese mobile point of sale services firm, for $3.3M.

Lakeshore acquires Aisance for $15.9M
Lakeshore, a Bangkok-based private equity firm, acquires Aisance, a Thailand-based middle market skincare company for $15.9M.

Sansiri invests $80M in six global startups including Standard International, Monocle, JustCo
Sansiri, Thailand based listed property developer, invests $80M in six global startups including Standard International, Monocle, JustCo.


Tracxn – Analyst Notes # 1247 – Enterprise Collaboration

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RECENT NOTABLE ACTIVITY – ENTERPRISE COLLABORATION

  • Elastic acquires enterprise search startup Swiftype for an undisclosed amount. Link
  • InVision acquires Brand.ai, a tool to manage digital assets and introduces Design System Manager. Link
  • Blueprint Software Systems, a project management software provider receives growth capital investment from Vistara Capital Partners. Link
  • SpiderOak, a tool that enables users to share and sync data raises $1.5  million in Series B funding. Link
  • South Africa based Digital Cabinet, a cloud-based storage startup raises $355,000 in seed funding. Link
  • Resilio, a file transfer, and synchronization solution raises seed funding of $600,000 from undisclosed investors. Link

SOME INTERESTING STARTUPS FOUND

Resolvd (2016, Kyiv) – Resolvd is a task management application for a team of designers or developers helping them improve their productivity during product design.

LEADER BOARD – ENTERPRISE COLLABORATION

Collaboration Suite
LogMeIn (2003, Boston, IPO) – Provider of SaaS and cloud-based remote connectivity services for collaboration, IT Management & customer engagement. Went Public in 2009.

Atlassian (2002, Sydney, IPO) – Enterprise collaboration software solutions provider offering tracking, collaboration, real-time communication, code hosting and repository management. Went public in December 2015.

Enterprise File Synchronization and Sharing
Box (2005, Los Altos, IPO) – Enterprise file sharing cloud storage platform with secure cloud content management and collaboration. Went public in 2015.

Dropbox (2007, SF, $607M) – Dropbox offers cloud storage, file sharing and synchronization, personal cloud, and client software. Backed by BlackRock, Index Ventures, Sequoia Capital.

Enterprise Content Management
OpenText (1991, Waterloo, IPO) – Provider of enterprise information management software solutions to help companies manage their unstructured business information. Went Public in 1996.

SpringCM(2005, Chicago, $113M) – Provider of enterprise class, on-demand workflow automation, and document management for legal and sales team in a completely web-based environment. Backed by Foundation Capital, NBVP, Growth Equity, Panorama Point Partners, Bluestem Capital, Goff Capital, Wellington Financial, SVB, and Square 1 Bank.

Knowledge Management
Bowstreet (1991, Tewksbury, IPO) –  Provider of portal-based tools and technology that helps companies bring together corporate applications, documents, databases and other enterprise information into a single, integrated portal application. Acquired by IBM in December 2005.  

Inkling (2009, SF, $86M) – Provides a mobile publishing platform for learning content. Backed by Sequoia Capital.

Collaborative Workspaces
Quip (2012, SF, $46M, Acq) – Provides cloud-based word processor to collaborate on documents. Acquired by Salesforce for $750M in August 2016.

Mindjet (1994, SF, $33.2) – Provides mind mapping and innovation management software.

Enterprise Social Networking
Jive Software (2001, Palo Alto, Acq.) – Provider of communication and collaboration solutions to businesses. Acquired by ESW Capital’s Wave Systems for $462M in 2017.

Yammer (2008, SF, $142M, Acq.) – Enterprise social network for employees to create groups to collaborate on projects and share & edit documents. Acquired by Microsoft in 2012.

Enterprise Communication – Unified Communication
Cisco (1984, SF, IPO) – Offers full UC suite of integrated on-premise and cloud based applications and services based on its Unified Communications Manager. Went public in February 1990.

Mitel (1973, Kanata, IPO) – Provider of unified communication solutions for businesses focused on VoIP products. Went public in May 2006.

Enterprise Communication – Conferencing
Vidyo (2005, Hackensack, $172M) – Provides both software based technology and product based visual communication solutions.

BlueJeans Network (2009, Mountain View, $175M) – Cloud-based video conferencing solution provider. Backed by NEA, Battery Ventures, NVP, Glynn Capital, Accel Partners, and Quadrille Capital.

Enterprise Communication – Messaging & Chat Apps
Vocera (2000, San Jose, IPO) – Provides mobile communication solutions for integrated, intelligent communication in healthcare and other mission-critical mobile environments. Went public in 2012.

Slack (2009, Vancouver, $841M) – SaaS team communication tool for enterprises. Backed by Social Capital, GV, Accel Partners, SV Angel.

Project Management
Workfront (2001, Lehi, $95M) – Cloud-based enterprise work management solution for marketing, IT, and other enterprise teams. Backed by Greenspring Associates, JMI Equity.

Smartsheet (2005, Bellevue, $120M) – Provides online collaborative work platform used by individuals and companies of all size to manage projects and get work done from any device or browser.

Meeting Management
Diligent (2001, NYC, $30M) – Cloud-based board portal software for collaboration among corporate boards and senior executives. Got acquired by Insight Venture Partners for $624M in 2016. 

Teem (2012, Salt Lake City, $21.5M) – Provides room booking software and workplace analytics software. Backed by NGP, Origin Ventures, Zetta Venture Partners, Greycroft Partners, GE Ventures, Peak Venture, Royal Street Ventres and more.

Leader board includes all the top funded, IPO and successfully running bootstrapped companies along with their location, founding year and funding amount.

For latest updates, visit Enterprise Collaboration feed.

Tracxn – Analyst Notes (India Practice) # 544

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A daily newsletter summarizing interesting Indian startups and recent activity both in India & globally.

INTERESTING STARTUPS

MoviEcard (2016, Mumbai), online platform providing subscription plans for movie tickets. Founder is ex- General Manager of Bureau Veritas and is an alumnus of NIT Karnataka. Global comparables are MoviePass (2011, NYC, $3.7M) and Sinemia (2014, Istanbul, $1.5M).

INDIA INTERESTING NEWS

Active Intelligence (2016, Bangalore), conversational banking platform, raises $8.25M in Series A round of funding from Vertex Ventures, Creditease Holdings and Dream Incubator. Link

EasyRewardz (2011, Gurgaon), provider of loyalty program management solutions, raises $2M in Series A round of funding led by TransContinental Venture Fund, existing angel investor Jitendra Gupta, managing director PayU and Vinay Chatlani, managing director at Soch. Link

StartupXseed Ventures, Bangalore based early stage venture capital firm, receives investment worth 20% of its fund size, from Canbank Venture Capital Fund Limited . Link

Paytm (2010, Delhi), mobile wallet and payments bank, to acquire Little (2015, Bangalore), hyperlocal deals app and Nearbuy (2011, Delhi), online deals and coupons from nearby merchants, for around $30M, as per reports. Link

T-Hub, Hyderabad-based startup engine, partners with United Technologies (1934, Farmington), to select five video analytics startups for accelerator programme. Link

GLOBAL ROUNDUP

Graphcore (2016, Bristol), developer of a machine learning processor, raises $50M in Series C round of funding from  Sequoia Capital, Atomico, Demis Hassabis, Amadeus Capital, C4 Ventures, Draper Esprit, Foundation Capital, Pitango Venture Capital, Robert Bosch Venture Capital, Dell, Samsung Venture Investment. Link

ThreatQuotient (2013, Ashburn), threat intelligence platform for enterprises, raises $30M in Series C round of funding from Adams Street Partners, Cisco Investments, NTT DOCOMO Ventures Inc. and existing investor New Enterprise Associates, and growth capital partner Silicon Valley Bank. Link

Tacton (1988, Stockholm), provider of design and CPQ solutions for complex products, raises around $12M in funding from GRO Capital and Kirk Kapital. Link

Roomi (2013, NYC), platform to connect with like-minded roommates, raises $11M in Series A round of funding led by Atami Capital, with participation from new investors Rosecliff Ventures, Townsquare Media and JXC Ventures and existing investors DCM and Great Oaks Venture Capital. Link

Trouva (2013, London), discovery platform for products from independent boutiques, raises $10M in Series A round of funding led by BGF Ventures, Index Ventures, Octopus Investments with participation from LocalGlobe, Playfair Capital, Downing Ventures, David Lindsay, Troy Collins, William Reeve, Carlos Morgado, and Wendy Becker. Link

Tracxn – Analyst Notes (India Practice) # 545

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A daily newsletter summarizing interesting Indian startups and recent activity both in India & globally.

INTERESTING STARTUPS

Twelit (2017, Kolkata), smartphone based oral cancer diagnostic platform. Founder is Co-Founder Finovista, Founder & CEO Rootalpha ventures and ex-Cognizant. Global comparables are DeepInformatics (2017, Hangzhou, $2.2M) and Ibex (2016, Tel Aviv).

INDIA INTERESTING NEWS

Biryani By Kilo (2015, Noida), internet-first restaurant for Indian cuisine, raises $500k in pre-Series A round of funding from Rohit Chand and his son Ashish, new investors Kunal Khattar, Manish Vij, Harish Bahl, StartUp Equity Partners, Thapar Group and Myron Ferro,among others. Link

Hungry Foal (2016, Gurgaon), private label brand for nutritional snacks, raises an undisclosed amount in pre-Series A round of funding from GAIL (India) Ltd  under GAIL’s startup initiative ‘Pankh’. Link

VDeliver (2011, Hyderabad), platform to book on-demand delivery services, acquires Townyapp (2014, Tirupati), mobile personal assistant application, for an undisclosed amount. Link

Nomura, Tokyo based global investment bank, selects six Indian startups to build products and solutions for capital markets and investment banking. Link

Swiggy (2014, Bangalore), online platform for food delivery from restaurants, launches ‘Access’ kitchen for restaurant partners. Link

GoWork (2016, Jakarta), managed co working space provider, opens a co-working space in Gurgaon. Link

GLOBAL ROUNDUP

Poshmark (2011, Menlo Park), mobile P2P marketplace for fashion products, raises $87.5M in Series D round of funding  led by Temasek with participation from Mayfield, Menlo Ventures, GGV Capital, Inventus Capital, Uncork Capital, Union Grove Venture Partners and Cross Creek Advisors. Link

TrueAccord (2013, SF), provider of behavioral analytics based debt recovery solutions, raises $22M in Series B round of funding from Arbor Ventures. Link

Behavox (2014, London), provider of employee surveillance system, raises $20M in Series B round of funding led by Citigroup. Link

Quantum Circuits (2015, Connecticut), developer of circuits for quantum computing, raises $18M in Series A round of funding led by venture capital firms Canaan and Sequoia Capital . Link

Bossa Nova (2005, Pittsburg), developer of robots for retail stores, raises $17.5M in Series B round of funding led by Paxion Capital Partners. Link

Tracxn – Analyst Notes (India Practice) # 546

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A daily newsletter summarizing interesting Indian startups and recent activity both in India & globally.

INTERESTING STARTUPS

Accelopt (2017, Bangalore), mobile edge intelligence solution provider. Founders are ex- Altiostar Networks, Ranzure Networks, Accenture and are alumni of IIT-BHU. Global comparables are Alef (2012, NJ, $5M) and Cloudstreet (2010, Helsinki, $1M).

INDIA INTERESTING NEWS

I2e1 (2015, Delhi), Wi-Fi hotspot provider for businesses, raises $3M in Series A round of funding from Omidyar Network, Auxano Ventures and 3one4 Capital, backed by Mohandas Pai and  existing investors. Link

Sumeru (2016, Bangalore), cloud-hosted enterprise digitization platform, raises $900k in Angel round of funding from high-net-worth individuals based in the US and India. Link

ElderAid (2015, Bangalore), emergency and wellness assistance provider for elders, raises an undisclosed amount in Angel round of funding from Rugmini Menon, a Hong Kong-based entrepreneur. Link

Reniso (2017, Delhi), property management services provider, raises an undisclosed amount in seed round of funding from a consortium of high net-worth individuals. Link

Josh Talks (2014, Gurgaon), organiser of motivational & cause-oriented talk shows & conferences, raises an undisclosed amount in funding from angel investors Girish Mathrubootham, founder of Freshworks; Apurva Chamaria, global brand director at HCL; and Rohit Chanana, head of strategy & finance at Hero Corporation. Link

Avendus Capital, Mumbai based financial services firm, raises an undisclosed amount of capital from KKR and Co along with Gaja Capital. Link

Timex (2010, Brentford), watch manufacturer, partners with Blink (2014, Bangalore), developer of smart-watches, to launch a new activity tracker. Link

Mahindra (1993, Mumbai), automobile manufacturer, partners with Zoomcar (2013, Bangalore), online self-drive car rental service provider, to accelerate electric vehicle adoption. Link

GLOBAL ROUNDUP

Atomist (2015, SF), provider of a development automation platform, raises $22M in Series A round of funding from Accel and Matrix Partners. Link

Built (2014, Nashville), software solution provider for construction lenders, raises $21M in Series A round of funding led by Index Ventures. Link

Less (2017, Paris), real time cab aggregator platform, raises $19M in funding from Jean-Baptiste Rudelle, CEO of Criteo. Link

Goji (2007, Boston), auto insurance marketplace, raises $15M in Series D round of funding led by Hudson Structured Capital Management Ltd. Link

SAM Labs (2013, London), interactive device based learning kits for kids, raises $6.68M in Series A round of funding led by Touchstone Innovations and E15 Ventures. Link

Catalia Health (2014, SF), personal health assistant for medication adherence, raises $4M in pre-Series A round of funding from Ion Pacific and other investors. Link

Perkbox (2015, London), employee perks & customer engagement solutions provider, acquires Loyalty Bay (2013, London), software for increasing sales conversions, for an undisclosed amount. Link

K1 Investment Management, El Segundo based venture capital firm, acquires Actiance(1998, Belmont), provider of communication compliance & e-Discovery, for an undisclosed amount. Link

Tracxn – Analyst Notes (India Practice) # 547

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A daily newsletter summarizing interesting Indian startups and recent activity both in India & globally.

INTERESTING STARTUPS

22bate7 (2017, Bangalore),QR code based classroom response system. Founders are ex-Jana Care,Oracle,PlayPower and are alumni of DA-IICT Gandhinagar. Global comparable is Plickers (2011,Oakland).

INDIA INTERESTING NEWS

Spectro Analytical Labs (1995, Delhi), testing and inspection services provider, gets acquired by Eurofins (1987, Luxembourg), laboratory testing and clinical research services provider, for an undisclosed amount. Link

UrDoorStep (2015, Bangalore), online hypermarket, partners with Sodexo (1966, France), food services and facilities management company, to home deliver fresh produce to Bengaluru based consumers of Sodexo. Link

StashFin (2016, Delhi), marketplace for personal loans, partners with Paisabazaar (2009, Gurgaon), online loan comparison platform, for an undisclosed amount. Link

MapmyIndia (1992, Delhi), provider of GPS based map data and India Post partners to map public addresses digitally. Link

Paytm (2010, Delhi), mobile wallet and payments bank, partners with ICICI Bank (1994, Mumbai), banking service provider, to give users short term digital credit. Link

Aavishkaar, social venture arm of Aavishkaar-Intellecap Group, closes impact investment fund at $95M. Link

GLOBAL ROUNDUP

Kabbage (2009, Atlanta), working capital financing service provider for SMBs, raises $200M in funding from Credit Suisse. Link

Logz.io (2014, Tel Aviv), enterprise grade ELK as a service provider, raises $23M in Series C round of funding led by venture capital fund OpenView, with participation from 83North, Giza and a new investor, Vintage Investment Partners. Link

TaskEasy (2011, Salt Lake City), online platform for ordering and delivery of home exterior services, raises $22M in Series C round of funding led by River Cities Capital with participation from Camber Creek, Moderne Ventures, Grotech Ventures, Access Venture Partners and Delta Electronics Capital. Link

Trocafone (2014, Sao Paulo), recommerce platform for consumer electronics, raises $15M in Series B round of funding from Callfort, MIT Castor Ventures Fund, FJ Labs, Rocketship, Mercado Libre Fund and other undisclosed investors. Link

Williams-Sonoma, Inc (1956, SF), multi-specialty retailer of home improvement products, acquires Outward (2012, San Jose), product visualization software tool for the home furnishing and décor industry, for $112M. Link

Tracxn Analyst Notes (China Practice Weekly) # 109

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A weekly newsletter summarizing recent activity in the Chinese startup ecosystem.

DEALS OF THE WEEK

China’s Tencent Reported To Lead $1B Round In Chinese EV Firm NIO
NIO (2014, Shanghai), an electric vehicle company, raised $1B in a funding round led by Tencent Holdings with participation from Baillie Gifford, American Lone Pine Capital, China’s CITIC Capital and China Asset Management.

INTERESTING FUNDRAISING ACTIVITY IN CHINA

Alibaba Fund, IFC Join $220M Round In HK Mobile Lending Firm WeLab
WeLab (2013, Hong Kong), a mobile lending start-up, raised $220M in series B+ round from Alibaba Hong Kong Entrepreneurs Fund, International Finance Corp, Credit Suisse and others.

China’s Baidu Rumored To Lead $140M Round In Electric Vehicle Start-up WM Motor
WM Motor (2015, Shanghai), an emerging Chinese automaker, raised $140M in a funding round from Baidu and Tencent Holdings.

CITIC Co-Leads $105M Round In Chinese Travel Agency Phoenix Travel
Phoenix Travel Worldwide (1997, Beijing), an overseas travel agency, raised $105M in series C round of funding led by China’s CITIC Capital, Haier Capital, Lenovo Holdings Corp and Legend Capital with participation from Juyuan Investment, Yonghua Capital and Silk Road Huachuang.

Guangzhou Automobile Leads $83M Round In Chinese Car Services Platform Ds.cn
Ds.cn (2016, Beijing), an auto services platform, raised $83M in a funding round led by Guangzhou Automobile Group with participation from Urtrust Insurance.

Chinese Artificial Intelligence-Powered Educational Firm Yixue Education Completes A $41M Angel Round
Yixue Education, a Chinese artificial intelligence-powered educational firm, raised $41M in Angel round of funding from SIG, Nokia Growth Partners, New Oriental Education and Technology Group and Greenwood Investment

Sequoia Joins $32M Round In China’s Oncology-Focused EOC Pharma
EOC Pharma (2015, Shanghai), an oncology-focused development company, raised $32M in series B round of funding led by China’s Taikang Investment with participation from H&Q Asia Pacific and Sequoia Capital China.

Shunwei Capital Joins $30M Series B Round In Chinese Auto Insurance Search Engine Cheche365.com
Cheche365.com (2014, Beijing), a car insurance distribution platform, raised $30M in series B round of funding led by China Capital Group with participation from Shunwei Capital and CBC Capital.

BAI Leads $30M Round In Chinese Air Purifier Developer 352Air
352Air (2014, Beijing), a home air purification systems, raised $30M in series A round of funding led by Bertelsmann Asia Investments with participation from Matrix Partners China, Huatai New Industry Growth Investment Fund and Atlas Capital.

WuXi AppTec Joins $28M Round In Chinese Precision Medicine Firm AnchorDX
AnchorDX (2015, Guangzhou), a precision medicine start-up, raised $28M in series B round of funding led by 6 Dimensions Capital and Sijia Jianxin with participation from Arch Venture Partners, Marathon Venture Partners, WuXi AppTec Group and KingMed Diagnostics.

Sinovation Leads $20.6M Round In Chinese Chatbot Developer Zhuiyi
Zhuiyi (2015, Shenzhen), an artificial intelligence start-up developing chatbots, raised $20.6M in series B round of funding led by Sinovation Ventures with participation from GGV Capital, Banyan Capital and Morningside Venture.

Tencent Leads $15M Series B Round In Chinese Cloud Computing Firm Alauda
Alauda (2014, Beijing), a provider of cloud computing services for enterprises, raised $15M in series B round of funding led by Tencent Holdings with participation from Banyan Capital and CBC Capital.

Tencent Invests In Chinese Fighting Robot Maker GJS Robot
GJS Robot (2015, Shenzhen), a start-up specializing in making customized fighting robots designed for robot combat competitions, raised an undisclosed amount in series A round of funding led by Tencent Holdings.

INVESTMENTS BY CHINESE INVESTORS AND COMPANIES

China’s Sunsea Co-Leads $60M Round In US IoT Firm Ayla Networks
Ayla Networks (2010, Sunnyvale), a platform for hosting connected devices, raised $60M in series D round of funding led by Run Liang Tai Fund and Sunsea Telecommunications

EQT-backed GPA Global acquires UK’s MW Luxury Packaging
GPA Global, a Hong Kong-based packaging and display solutions provider, announced that it has agreed to acquire 100 percent of the UK’s MW Luxury Packaging.

Tracxn – Analyst Notes (India Practice) # 548

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A daily newsletter summarizing interesting Indian startups and recent activity both in India & globally.

INTERESTING STARTUPS

Spectral Insights (2016, Bangalore), hyperspectral medical imaging solutions provider. Founders are ex-IMEC, Broadcom, GE Global Research, and are alumni of University of Illinois and University of Ottawa. Global comparables are Web Microscope (2013, Helsinki, $1.7M) and PathXL (2004, Belfast, $1.48M).

INDIA INTERESTING NEWS

Kahaniya (2016, Hyderabad), platform connecting writers and readers, raises $200k in Seed round of funding from a group of US-based non-resident Indians (NRIs). Link

Perspectico (2017, Delhi), platform for career advice from industry experts, raises an undisclosed amount in Seed round of funding from the incubation cell of Delhi University, SSCBS Innovation. Link

StyleCracker (2012, Mumbai), personal stylist led fashion e-commerce portal, raises an undisclosed amount in pre-Series A  round of funding from Alia Bhatt. Link

Ebix (1976, Atlanta) India, software & e-commerce solutions provider, acquires 50pc stake of VARA Technology (2016, Mumbai), IT software solutions provider, for an undisclosed amount. Link

Uber (2009, San Francisco) India, mobile app that connects passengers with vehicle drivers for hire, introduces 4 new features including Call to ride and Book for guest. Link

GLOBAL ROUNDUP

Deliveroo (2013, London), online platform to order food for delivery from partnered restaurants, raises $98M in Series F round of funding led by T. Rowe Price Associates and Fidelity Management & Research Company. Link

Kaseya (2000, Waltham), IT solutions for managed service providers, raises over $45M in funding from the Ireland Strategic Investment Fund. Link

Axios (2016, Commack), news and media startup, raises $20M in Series B round of funding from E.ventures, Greycroft Partners, Lerer Hippeau Ventures, WndrCo, NBCUniversal, Emerson Collective and Greg Penner. Link

Shippeo (2013, Paris), road freight booking and management platform, raises $11.8M in Series A round of funding led by Partech Ventures and Otium Venture. Link

Spotify (2006, Stockholm), global on-demand music streaming platform, acquires Soundtrap (2012, Stockholm), music co-creation & sharing platform, for an undisclosed amount. Link

BGF, UK-based venture capital firm, launches growth capital fund, at $295M for Irish Businesses. Link


Tracxn – South East Asia Newsletter # 111

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A weekly newsletter summarizing recent activity and interesting startups in South East Asia.

INTERESTING COMPANIES FOUND

XCLR8 Technologies (2016, Singapore) – Wearable sensor-based remote rehabilitation solution. Global Comparables include Reflexion Health (2012, San Diego, $29.8M) and Jintronix (2010, Montreal, $8.7M).

TTDocks (2016, Singapore) – Blockchain solutions for Supply Chain Management. Global Comparables include Arc-net (2015, New Hampshire, $2.5M) and Bext360 (2016, Denver, $1.2M).

SEA – FUNDING UPDATES

Quoine raises funding
Quoine (2014, Singapore), a multi-service bitcoin exchange platform, raises $105M in ICO round from undisclosed investors.

aCommerce raises funding
aCommerce (2013, Bangkok), e-commerce enabling suite provider, raises $65M in Series B from Emerald Media, KKR, and existing backers Australia fund Blue Sky, MDI Ventures, and DKSH.

iCar Asia raises funding
iCar Asia (2012, Kuala Lumpur), a network of online automotive sites in Asia, raises $19.3M in Post IPO round from undisclosed investors.

Active.ai raises funding
Active.ai (2016, Singapore), conversational banking platform, raises $8.25M in Series A from Vertex Ventures, Dream Incubator, Kalaari Capital, CreditEase, and IDG Ventures India.

Bukalapak raises funding
Bukalapak (2011, Jakarta), P2P marketplace, raises an undisclosed amount in Series B round of funding.

Mobilkamu raises funding
Mobilkamu (2014, Jakarta), online car marketplace, raises an undisclosed amount in Seed funding from East Ventures, Denali Partners.

ProPs raises funding
ProPs (2016, Banten), an advertising technology company, raises an undisclosed amount of funding from Kaskus (1999, Jakarta), online Indonesian community and marketplace.

SEA – RECENT DEVELOPMENTS

Crowd Genie plans to conduct an ICO
Crowd Genie, a Singapore-based P2P lending solutions provider, plans to conduct an ICO.

Go-Jek acquires Kartuku
Go-Jek, a bike taxi aggregator, acquires Kartuku, an Indonesia based payment service provider, for undisclosed amount.

Tracxn – Analyst Notes (India Practice) # 549

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A daily newsletter summarizing interesting Indian startups and recent activity both in India & globally.

INTERESTING STARTUPS

SeekNShop (2017, Hyderabad), machine learning enabled natural language search solution provider. Founder is ex-SmartPrice, CA Technologies, Amazon, Microsoft and is an alumnus of Chaitanya Bharathi Institute of Technology. Local comparables are Unbxd (2010, Bangalore, $14.5M) and That Needle (2013, Chandigarh). Global comparables are Twiggle(2013, Tel Aviv, $33M) and Mindori (2015, Palo Alto).

INDIA INTERESTING NEWS

ONN Bikes (2015, Bangalore), on demand bike rental portal, raises $690k in pre-Series A round of funding from Z Nation Lab, JITO Angels and Venture Catalysts. Link

Rapido (2015, Bangalore), mobile bike taxi services provider, raises $329k in funding from Skycatcher Fund and Thompson Taraz Managers. Link

Homelane (2014, Bangalore), furniture maker and interior design solutions provider, acquires Capricoast (2014, Bangalore), online modular furniture solution provider, for $13.8M. Link

CCAvenue (2001, Mumbai), provider of merchant account, credit card processing & payment gateway, launches BillAvenue, an interoperable digital bill payments platform. Link

MasterCard (1966, NY), financial services provider, partners with Mswipe (2009, Mumbai), mobile-based POS payment solution provider, to set up card units in 30 minutesLink

Paragon Partners, Mumbai based venture capital firm, raises its maiden private equity fund, at $120M. Link

Unicorn India Ventures, Mumbai based venture capital firm, raises its maiden venture fund, at $92.2M. Link

GLOBAL ROUNDUP

aCommerce (2013, Bangkok), ecommerce enabling suite provider, raises $65M in Series B round of funding led by Emerald Media. Link

TransferMate (2008, Chicago), international money transfer service provider, raises $35.4M in Series B round of funding from Allied Irish Banks. Link

Scalyr (2011, Portola Valley), log management SaaS provider, raises $20M in Series A round of funding led by Shasta Ventures with participation from previous investors Bloomberg Beta, Susa Ventures and Heroic Ventures. Link

Pixvana (2015, Seattle), cloud platform for AR/VR video processing, raises $14M in Series A round of funding  led by Vulcan Capital, with participation from Raine Ventures, Microsoft Ventures, Cisco Investments, Heart Ventures and Madrona Venture Group. Link

AISense (2016, Mountain View), machine learning based voice transcription solution provider, raises $10M in Series A round of funding led by Horizons Ventures with participation from Tim Draper’s Draper Associates and Draper Dragon Fund, David Cheriton, and Bridgewater Associates, among others. Link

Myndshft Direct (1978, Des Monies), provider of fulfillment services and technology solutions for ecommerce, acquires Order Simplicity (2016, Fort Myers), order management system provider, for an undisclosed amount. Link

Tracxn – Analyst Notes (India Practice) # 550

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A daily newsletter summarizing interesting Indian startups and recent activity both in India & globally.

INTERESTING STARTUPS

Ajna (2016, Mumbai), stock market analysis platform. Founders are ex- Citigroup, Purplle, Elara Capital, UBS and are alumni of Indian School of Business, NUS, IIT-Kharagpur and IIT-Delhi. Local comparables are WealthBox (2016, Bangalore) and Tradestream (2016, Mumbai). Global comparables are Estimize (2011, NYC, $9.35M) and Accern (2013, NYC, $3.35M).

INDIA INTERESTING NEWS

Portea Medical (2013, Bangalore), at-home healthcare service provider, raises $26M in Series C round of funding led by Sabre Partners & Manipal-CDC healthcare fund. Link

Heckyl Technologies (2010, Mumbai), real-time financial information analytics platform for markets, raises $2.7M in funding from Notion Capital, with participation from  IDG Ventures and others. Link

Playment (2015, Bangalore), crowd-sourced marketplace for data processing jobs, raises $1.6M in pre-Series A round of funding led by YCombinator, Sparkland Capital, Silicon Valley angel investors such as Ryan Petersen, Max Altman and others. Link

Nuvepro (2014, Bangalore), IaaS enabler software for enterprises and cloud service providers, raises $400k in Seed round of funding led by 1Crowd and its investor community. Link

RedBook (2015, Mumbai), inventory and order management solution for pharma retailers, raises an undisclosed amount in Seed round of funding led by Vida Ventures and Dr. Aniruddha Malpani. Link

CreditMate (2016, Mumbai), platform to avail loans for used two-wheelers, raises an undisclosed amount in funding from Paytm. Link

Mr Button (2011, Bangalore), private label apparel for men, raises an undisclosed amount in Series A round of funding led by Nine Rivers Capital founder Sandeep Daga. Link

TAO Automation (2016, Bangalore), automation consulting & services provider, raises an undisclosed amount in Seed round of funding from 3one4 Capital and Arihant Patni. Link

Clevertap (2013, Mumbai), an user behaviour analysis & targeting tool, partners with Exotel(2011, Bangalore), a cloud telephony platform for businesses, to provide SMS marketing solutions to customers. Link

Epiq Capital, Mumbai based venture capital firm, closes its tech startup fund, at $250M. Link

GLOBAL ROUNDUP

Divergent 3D (2015, Gardena), platform for designing and manufacturing complex structures using 3D printing, raises $107M in Series B round of funding led by O Luxe Holdings Limited, with participation from Horizons Ventures, Shanghai Alliance Investment Limited and Altran Technologies. Link

Nautilus Data Technologies (2013, California), water-cooled modular data center, raises $26m in Series C round of funding from Ireland Strategic Investment Fund, Emerson Elemental, Keppel Group and other private cleantech investors. Link

Locus Robotics (2014, Massachusetts), provider of warehouse fulfillment & automation solutions through robotics, raises $25M in Series B round of funding led by Scale Venture Partners, with participation from existing investors. Link

Candid Co (2017, NYC), online portal to order clear braces, raises $15M in Series A round of funding led by Greycroft, Bessemer, e.ventures and with participation from existing investors, including Arena Ventures. Link

Delphi (1994, Gillingham), technology solutions provider for the automotive industry, acquires nuTonomy (2013, Massachusetts), self-driving cars and autonomous robots developer, for an undisclosed amount. Link

Tracxn – Analyst Notes # 1248 – Alternative Lending

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Soonicorn Club

  • Soonicorn
    Prosper (2005, San Francisco, $410M) – P2P Lending Marketplace

    Market: Alternative Lending > Consumer Loans > Unsecured Personal Loans > P2P Marketplace

Analyst Picks

  • Legalist (2016, San Francisco, $10.1M) – Algorithm-based litigation financing for commercial lawsuits
    Market: Alternative Lending > Business Loans > Litigation Financing
  • Liquidity Marketplace (2016, Vancouver) – Marketplace for unintermediated borrowing and lending between institutional members
    Market: Alternative Lending > Business Loans > Working Capital

Funding Rounds

Series B, $220M
WeLab (2013, Hong Kong, $400M) – Alternate lending solutions for consumers

Investors: Alibaba Entrepreneurs Fund, IFC, CCB International, Credit Suisse

Conventional Debt, $130M
BlueVine (2013, Redwood City, $113M) – Online invoice factoring company

Investors: Silicon Valley Bank, Suntrust Banks, Bank Leumi, TriplePoint Venture Growth

Series A, $102.5M
Finova Financial (2015, San Francisco, $155M) – Direct lender for car title loans

Investors: Coventure

Conventional Debt, $99.7M
Patch of Land (2013, Los Angeles, $24.8M) – P2P real estate crowdfunding platform.

Conventional Debt, $60M
Lendified (2015, Toronto, $4M) – Platform providing fixed rate working capital loans to small businesses
Investors: ClearFlow

Series C, $57M
LendingHome (2013, San Francisco, $166M) – Alternative lending and investment platform for mortgages.

Investors: Sberbank, Noah Holdings

Series E, $42M
Credit Sesame (2010, Mountain View, $77M) – Personal finance management and price comparison of financial products

Investors: Menlo Ventures, Inventus Capital Partners, Globespan Capital Partners, IA Capital Group, SF Capital Group

Series D, $30M
BankBazaar (2008, Chennai, $110.1M) – Loan comparison platform

Investors: Experian, Amazon, Sequoia Capital, Eight Roads Ventures, Walden International

Conventional Debt, $24M
Jumo.World (2015, Cape Town, $10M) – Mobile money marketplace for people, SMBs and MNO

Investors: Gemcorp, Finnfund

Series A, $10.4M
Kissht (2015, Mumbai, $12.4M) – EMI-based purchase loans platform

Investors: Fosun, Ventureast, Endiya Partners

Series A, $10M
OAREX (2012, Cleveland, $10.1M) – Revenue advance provider to digital media companies

Investors: Arena Investors

Series A, $8M
KrazyBee (2016, Bangalore, $13M) – EMI based purchase loans for students

Investors: Xiaomi, Shunwei Capital, E City Ventures, RK Ventures

Series A, $7.7M
Openpay (2016, Melbourne, $7.7M) – Purchase financing platform

Investors: Meydan, Investec, Strategic Legacy Investment Group, Inc.

Series A, $5.3M
Hello Soda (2013, Manchester, $5.3M) – AI-based credit scoring provider based on digital footprint.

Investors: NVM Private Equity

Series A, $5M
Invoice Bazaar (2015, Dubai, $6.1M) – Online invoice factoring platform

Investors: Advance Global Capital

M&A

  • SoFi held acquisition talks with Charles Schwab TechCrunch

IPO

New Fund Launch

  • Italian peer-to-peer lender launches its own fund, targets €100m raise AltFi

New Product Announcement

  • Affirm Reinvents Credit for 21st Century Business Wire
  • MarketInvoice launches business loan product, targets startups AltFi
  • London Launch of Capital Match at Squire Patton Boggs ukbaa.org.uk
  • MoneyLion Takes on America’s Savings Crisis with the Launch of MoneyLion PlusBusiness Wire
  • Citizens, Fundation Partner to Offer Digital Business Loans ABFJournal

Business Partnership

  • AutoGravity Announces Partnership With Global Lending Services PR Newswire
  • Xiaomi India partners with ZestMoney for cardless EMI Business Standard
  • Lenddo and EFL Team Up to Lead Financial Inclusion Revolution PRWeb
  • Clix Capital partners Airtel, Seynse Tech for mobile financing Business Standard
  • FICO Raises Bar in Financial Inclusion Strategy with India FICO Score LaunchAsiaBizNews
  • LendInvest enters partnership with Citi to access buy-to-let market P2PFinanceNews
  • Orchard Partners with Bloomberg with Online Lending Data Crowdfund Insider
  • loanDepot Announces Agreement with Artificial Intelligence Real Estate Technology Company, OJO Labs PR Newswire
  • Online Lender Prospa Forms New Partnership With Retail Marketplace MyDeal Crowdfund Insider
  • OfferPad, loanDepot partner on Scottsdale-based home loan company Bizjournals
  • Quicken Loans brings digital mortgages to secondary market through eOriginal partnership HousingWire
  • LendKey Partners with Allied Solutions Citybizlist
  • Embrace Home Loans Partners with Spillane Consulting Associates Business Wire

Company Announcement

  • MarketInvoice expands into business loans market P2PFinanceNews
  • RateSetter Receives Full Regulatory Authorization From FCA Crowdfund Insider
  • Capital Float to now give loans to vegetable sellers, other SMEs Indiatimes
  • OnDeck to offer real-time access to capital via small business debit cards Finextra
  • SocietyOne Takes On Comprehensive Credit Reporting Role in Australia Crowdfund Insider

Earnings Release

Key People Movement

  • S.F. fintech LendUp hires first CFO from Tesla’s ranks Bizjournals
  • SoFi Withdraws U.S. Banking Application, Citing Leadership Change Fortune
  • Better Mortgage Adds Real Estate Tech Veteran Jeff Corbett to Their Growing TeamBusiness Wire

Board Updates

 

Tracxn – Analyst Notes # 1249 – Education IT

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Funding Rounds

Series B, $16M
Panorama Education (2012, Cambridge, $32M) – Academic survey platform for K-12 schools

Investors: Emerson Collective, Spark Capital, Owl Ventures, SoftTech VC, Chan Zuckerberg Initiative

Series B, $15.0M
FCLASSROOM (2013, Wuxi, $16.6M) – Online student assessment platform

Investors: Danhua Capital

Series B, $8M
Lessonly (2012, Indianapolis, $14.1M) – Corporate training platform

Investors: OpenView, Rethink, Allos Ventures, High Alpha

Series A, $5.3M
BridgeU (2013, London, $8.2M) – Data-driven admission counselling through predictive analytics

Investors: Octopus Ventures, Fresco Capital, Downing Ventures

Series A, $2.1M
SchoolGuru (2012, Mumbai, $7.1M) – University partners for providing online virtual course content

Investors: TeamLease

Seed, $1.0M
Vagupu (2015, Bangalore, $1.0M) – Online tutoring platform

Series A, $869K
NoPaperForms (2009, Thane, $869K) – Web-based enrollment management system for educational institutions

Investors: Info Edge India

Seed, $263K
Schoop (2013, Cardiff, $263K) – Communication app for schools

Investors: Inspire Wales

Series B, $71K
Certica Solutions (2001, Wakefield, $14.0M) – Assessment and data quality solutions for K-12 Schools

M&A

  • Curriculum Associates Acquires Motion Math to Enhance Engagement and Strengthen Conceptual Understanding for K-6 Students PR Newswire
  • Kallidus acquires London firm with RBS backing Insider Media
  • K-12 Literacy Platform Big Universe Finds a New, Bigger Home EdSurge
  • Makers Empire & Polar3D Join Forces PR Newswire

IPO

New Product Announcement

  • New Content Management System for Higher Education Combines Lecture Capture and Active Learning with Smarter Video Management to Improve Outcomes PR Newswire
  • Skillsoft Launches Industry’s First Digital Transformation Learning Solution to Prepare Modern Workforces for Digital Readiness at Global Scale Business Wire
  • EVERFI Launches First-of-its-Kind Prescription Drug Safety Network Citybizlist
  • Bloomfire Launches Insights Platform PR Newswire
  • Absorb Software Announces Absorb LMS on the Salesforce AppExchange, the World’s Leading Enterprise Apps Marketplace Business Wire
  • Education Technology Company Classcraft Launches “Quests” to Personalize LearningBusiness Wire
  • Startup Launches Blockchain-Safe Digital Credentialing Service Campus Technology
  • Shmoop Releases Smarter Balanced (SBAC) Exam Prep for Grades 6 and 7 PRWeb
  • Finalsite Launches New, Best-in-Class Website for Vanguard University PR Newswire
  • Jenzabar Introduces Cutting Edge Tools within its Advancement Solution Business Wire

Business Partnership

  • Prometric and Board of Pharmacy Specialities® Begin Partnership Business Wire
  • VitalSource and Al Manhal Collaborate for Increased Access to Digital Learning Materials in Middle East Business Wire
  • Certica Partners with Mackin to Enhance Content Search and Discovery PRWeb
  • Nearpod Partners With Unmanned Safety Institute To Bring Interactive Drone Education To High School Students WebWire
  • itslearning Announces Partnership with Knovation PRWeb
  • Thayer Leader Development Group at West Point Taps Digital Collaboration Platform PR Newswire
  • Promethean signs up Taxan Gulf as UAE distributor Tahawul Tech
  • TalentEd by PeopleAdmin and TimeClock Plus Announce Strategic Partnership to Enhance K-12 Substitute and Absence Management Business Wire
  • Ripon College Partners with Apogee for IPTV Service to Drive Strategic InitiativesMarketwired
  • PSI and Cluequest Partner to Create The Ultimate Assessment Centre Experience Targeted at Today’s Changing World of Work BioSpace
  • EvoText Enters Partnership With Instructure Business Wire

Company Announcement

  • Hero K12 and BV Acquire SchoolMint in Continued Expansion of EdTech PlatformBusiness Wire
  • Practice Labs Agrees Asset Purchase Agreement for ExamForce CramMaster Certification Preparation Solution Newswire
  • Sylogist’s “Serenic Software” division enters the United States educational market; Acquires K12 Enterprise and Sunpac assets GlobeNewswire
  • Instructure Ranked Among the Fastest Growing Companies in North America on Deloitte’s 2017 PR Newswire

Earnings Release

Key People Movement

  • 2U Expands Executive Leadership Team with Two New Senior Hires PR Newswire

Board Updates

  • NetDimensions Ranked as a Top Learning Portal/LMS for the Sixth Year Running PRWeb
 

Tracxn – Analyst Notes # 1250 – Energy Efficiency

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Soonicorn Club

  • Soonicorn
    Achates Power (2004, San Diego, $136M) – Internal combustion engine
    Market: Energy Efficiency > Products > Thermal Energy > Engine Efficiency

Analyst Picks

  • Curie Labs (2016, Delhi, $50K) – IoT-enabled energy analytics solution provider
    Market: Energy Efficiency > Energy Monitoring Systems > Commercial & Industrial > Meter/Sensor Monitoring

Funding Rounds

Post IPO, $50M
Nest (2010, Palo Alto, $80M) – Hardware and software for monitoring home energy consumption.

Series C, $25.7M
Nautilus Data Technologies (2013, California, $35.7M) – Modular data center in Water

Investors: Ireland Strategic Investment Fund

Series C, $24.4M
Thermondo (2012, Berlin, $56.4M) – Residential heating system provider

Investors: Holtzbrinck Ventures, IBB Beteiligungsgesellschaft, Vorwerk, Eneco

Series A, $12.3M
Brilia (2008, Sao Paulo, $12.3M) – LED lighting products manufacturer

Investors: Cartesian Capital

PE, $12M
Phoenix Energy Technologies (2004, Irvine, $5M) – SaaS platform for energy management
Investors: Deerfield

Series A, $11M
Software Motor Corporation (2013, Sunnyvale, $11M) – Software controlled electric motor

Series A, $4.2M
Enertiv (2011, New York City, $5.6M) – Load disaggregation in buildings

Angel, $3.5M
Eliq (2008, Gothenburg, $6.3M) – Energy monitoring for homes

PE, $3.5M
Monodraught (1974, High Wycombe, $3.5M) – Lighting, cooling, ventilation products
Investors: Business Growth Fund

Post IPO, $2.5M
SolisTek (2010, Carson) – LED grow light solutions for controlled environment horticulture

Seed, $800K
SHM Controls (2011, Vancouver, $800K) – Smart boiler controller for buildings

Investors: Rhiza Capital, undefined, Keiretsu Capital, Alliance of Angels, Keiretsu Forum

PE
SensorSuite (2012, Toronto, $550K) – Distributed Sensor Technology and Cloud Data Analytics

Investors: GreenSoil Investments

M&A

  • Atlanta manufacturer acquires Georgia Tech spinoff Bizjournals

New Product Announcement

  • T-Mobile Has Your Home’s Back(up) with Nest Secure Business Wire
  • Cree Launches Market-Leading KBL LED High-Bay Series Business Wire
  • CIMCON Lighting Launches Revolutionary NearSky™ Platform for Smart Cities PR Newswire
  • LIFX launches HomeKit-compatible LED light strips, add-on bridge for older setupsAppleInsider
  • Feit Electric Introduces a New Line of Simply Smart Technology Security Lighting Business Wire
  • New PML3 Paladin and SloanLED Vista Launch at 2017 LightShow West PetrolPlaza
  • Global Market Leader in Automotive Lighting OSRAM Unveils High Performance Automotive Lighting Product Range Customized for India Market %2D ‘RALLYE’ NewsVoir
  • MaxLite Launches QuadroMAX Plus As Specification-grade, Modular Area Lighting Solution LEDinside
  • Tridonic: Complete Package for Luminaire Upgrades LEDinside

Business Partnership

  • Continental and Osram Planning Joint Venture for Intelligent Lighting Solutions in the Automotive Sector PR Newswire
  • ecobee Announces Integration with the Google Assistant Business Wire
  • Osram’s Digital Lumens Teams Up with Industrial Lighting Products to Expand Line of Intelligent LED Fixtures Business Wire
  • Corsica Linea to take vessel performance management to the next level with Eniram’s solutions GlobeNewswire
  • RAB Lighting and Philips Lighting Resolve Patent Dispute and enter into a license agreement PRWeb

Company Announcement

Earnings Release

  • Alarm.com Reports Third Quarter 2017 Results GlobeNewswire
  • Revolution Lighting Technologies Reports Third Quarter 2017 Financial ResultsMarketwired
  • Telkonet reports Q3 results Seeking Alpha
  • Aspen Aerogels, Inc. Reports Third Quarter 2017 Financial Results and Recent Business Developments PR Newswire
  • Thermal Energy Reports Record First Quarter Revenue with Growth of 45% and a Strong Order Backlog of $7.8 million The Newswire
  • Light maker Dialight tumbles after it warns profits are dimming City A.M.
  • Solis Tek Inc. Announces Third Quarter and Nine Month 2017 Financial ResultsMarketwired
  • ClearSign Combustion Corporation Announces Third Quarter 2017 Results PR Newswire
  • Echelon Reports Third Quarter 2017 Results PR Newswire

Key People Movement

  • Seagate alum becomes LiquidCool’s new CEO DatacenterDynamics
  • Acuity Brands, Inc. Names Laurent J. Vernerey Executive Vice President and President of Acuity Technology Group GlobeNewswire
  • Matthew Travis Named Regional Sales Manager at EarthTronics Business Wire

Board Updates

  • Flowgroup appoints Alan Lovell to its Board of Directors as Non-Executive ChairmanTalent4Boards

Layoffs

  • Renovate America to Cut 100 Employees sdbj.com

Lawsuit

  • Epistar Files U.S. Patent Infringement Lawsuit Against All Star Lighting Supplies LEDinside
 

Tracxn – Analyst Notes # 1251 – Healthcare IT

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Soonicorn Club

  • Soonicorn

    Tempus (2015, Chicago, $130M) – Oncology platform for sequencing, analytics and informatics
    Market: Healthcare IT > Provider > Clinical Operations > Decision Support > Therapy Plan > Care Planning > Oncology

  • Minicorn

    Caresyntax (2015, Berlin, $11.9M) – Analytics & integration platform to improve surgical outcomes
    Market: Healthcare IT > Provider > Clinical Operations > Decision Support > Therapy Plan > Surgery

Analyst Picks

  • ClosedLoop (2017, Austin) – AI-based risk predictive platform for payers, providers & pharma
    Market: Healthcare IT > Value Based Care > Volume-to-Value Transition > Risk Adjustment
  • Droice Labs (2016, New York City) – ML-based software for predicting treatment performance
    Market: Healthcare IT > Provider > Clinical Operations > Decision Support > Therapy Plan > Care Planning > Generic > AI
  • Elucid Labs (2016, Waterloo) – Augmented intelligence imaging solution for early diagnosis of skin cancer
    Market: Healthcare IT > Provider > Clinical Operations > Decision Support > Diagnosis > Differential Diagnosis > Image Based > Photos > Dermatology > Cancer > AI
  • Auxivia (2015, Paris, $699K) – Smart glass for monitoring and traceability of water intake of residents in nursing homes.
    Market: Healthcare IT > Value Based Care > Remote Monitoring > Hardware > Passively > Activity based
  • RxAll (2015, New Haven) – AI platform to authenticate medicines & a platform to enable pharmacy procurement
    Market: Healthcare IT > Pharmacy > Supply Chain Management > Procurement

Funding Rounds

Series D, $65M
Metric Stream (1999, Palo Alto, $215M) – Integrated Governance, Risk and Compliance platform

Investors: Clearlake Capital, EDBI, Goldman Sachs, Sageview Capital

Series A, $47.5M
Collective Medical Tech (2005, Salt Lake City, $47.5M) – Emergency Room management software solutions for providers and payers

Investors: KPCB, Bessemer Venture Partners, Maverick Ventures, Kaiser Permanente Ventures, Providence Ventures, Peterson Partners, EPIC Venture Fund

Series B, $30M
Arterys (2012, San Francisco, $42M) – SaaS analytics platform for Medical Image Analysis

Investors: Temasek, Northwell, NewYork-Presbyterian, GE Ventures, Varian Medical Systems, DNA Capital, Emergent Medical Partners

Series D, $30M
Syapse (2008, Palo Alto, $69.5M) – Molecular profiling platform for diagnosing and treating patients

Investors: Ascension Ventures, GE Ventures, Intermountain Healthcare, Safeguard Scientifics, Social Capital, Medidata, Amgen Business Development, Merck Global Health Innovation Fund, Roche

Series B, $26M
LeanTaaS (2010, Santa Clara, $39.4M) – Tools for resource utilization and patient time optimization

Investors: Insight Venture Partners

Series C, $25M
Jitterbit (2004, Alameda, $45M) – On-premise and cloud-based data and application integration software

Investors: KKR

Series B, $20M
Touch Surgery (2013, London, $30M) – Surgical simulation using virtual surgery app

Investors: 8VC

Series C, $25M
Jitterbit (2004, Alameda, $45M) – On-premise and cloud-based data and application integration software

Investors: KKR

Series B, $20M
Touch Surgery (2013, London, $30M) – Surgical simulation using virtual surgery app

Investors: 8VC

Series A, $17.3M
DeepWise (2017, Beijing, $22.6M) – AI-based radiology image solution primarily for cancer diagnosis

Investors: Danhua Capital, Tao Tong investment, Tongdu Capital, Kunzhong Capital

Series B, $17M
Prognos (2010, New York City, $17M) – Analytics company utilizing lab data for improving care quality

Series E, $17M
Phreesia (2005, New York City, $91.8M) – Patient check in platform for Health care Organisations

Series B, $15.1M
1MData (2015, Beijing, $15.1M) – Medical information management system and doctor assistant platform

Investors: Shenzhen China Venture Capital

Series A, $15M
VisitPay (2014, Boise, $23.3M) – Cloud based patient revenue management system for healthcare providers

Investors: Norwest Venture Partners, Ascension Ventures

Series B, $15M
Huiyihuiying (2015, Beijing, $15M) – AI based medical imaging management platform

Investors: Delta Capital

Series A, $8M
Welkin Health (2013, San Francisco, $12M) – Mobile app for doctors, to connect their chronic disease patients with care team, for personalized coaching.

Investors: Thrive Capital

Series B, $7.4M
Ambra Health (2006, New York City, $47.4M) – Cloud-based platform for medical image management and exchange

M&A

  • McKesson Strengthens Its Portfolio of Manufacturer Solutions with the Acquisition of RxCrossroads Business Wire
  • Roche to acquire Viewics, Inc. to provide data-driven lab business analytics and add further digital capabilities along the laboratory value chain PressReleasePoint
  • Imprivata Acquires Identity and Access Management Business of Caradigm to Expand its Solutions Business Wire
  • Quest Diagnostics Acquires California Laboratory Associates PR Newswire
  • ConnectiveRx Acquires Pittsburgh-Based Careform to Further Speed-to-Therapy and Patient Engagement for Specialty Drugs Business Wire
  • ItzCash parent Ebix to acquire online travel portal Via.com Oddup
  • Diplomat to Acquire LDI Integrated Pharmacy Services PR Newswire
  • Banyan Software Inc Announces Acquisition of Medicat LLC PR Newswire
  • Diplomat to Acquire National Pharmaceutical Services PR Newswire
  • BioMatrix SpRx Acquires Elwyn Pharmacy Group Citybizlist

FDA Approval

  • Otsuka and Proteus Win First FDA Approval for Pill With Sensor to Track Ingestion BioSpace
  • Insulia receives FDA clearance and CE mark to integrate Basaglar and Tresiba PR Newswire
  • LENSAR® Receives FDA Clearance for IntelliAxis™-L – LENSAR Laser System’s Novel Toric Intraocular Lens Alignment Guidance Business Wire
  • Clinical Genomics and Quest Diagnostics announce FDA 510(K) clearance of InSure ONE 4-Traders

New Product Announcement

  • Innovaccer Announces the Launch of Datashop Beacon – a Product Offering Over 10 Million Data Points for Care Research PR Newswire
  • MEDITECH Unveils Cloud-Based EHR Subscription Model for Critical Access HopsitalsHIT Consultant
  • Eye Care Leaders Announces New myCare Platforms to Offer Unrivaled, Integrated Solutions for Practices Business Wire
  • Vaica Medical Launches Capsuled™, a Novel Personally-Customized Medication Adherence Solution for Pharmaceutical Companies PR Newswire
  • Livongo and Medical Park Family Care Launch Digital Health Platform to People with Diabetes in Alaska PR Newswire
  • Validic Launches Next-Generation Connectivity Platform With Continuous Data, Configurable Rules PR Newswire
  • Nomad Health Expands to Telemedicine Market, Launches Telehealth Jobs MarketplaceHIT Consultant
  • Brightree Launches Lockbox, an Automated Patient-Pay Service to Help HMEs Get Paid Faster Business Wire
  • Carestream Shows New Mobile X-ray System With Carbon Nanotube Technology Medical Buyer
  • Median Technologies announces expansion of its Patient Care business with release of MediScan News Medical
  • Hill-Rom’s Welch Allyn Introduces Connex Cardio ECG BioSpace
  • Kareo Releases Telemedicine Solution for Independent Medical Practices Technology Marketing Corporation
  • Envera Health Launches New Company, Clareto, Connecting Life Insurance Industry to Patient-Authorized Health Information Business Wire

New Geo Entry

  • FDNA Expands into Asia-Pacific Markets Business Wire
  • American medtech firm establishes UK headquarters in Altrincham Bdaily
  • Kestral International opens office in Romania Business Review

Business Partnership

  • Zebra Medical Vision to Collaborate with Google Cloud to Bring a Transparent All-in-One Model to Healthcare Business Wire
  • Propeller Health, Express Scripts Partner to Offer Innovative Digital Respiratory Care HIT Consultant
  • Elligo Health Research and PatientLink Partnership Brings New Opportunities for Physicians and Their Patients Business Wire

Company Announcement

  • Ebix to spend $200 million on acquisitions in India Livemint

Earnings Release

  • McKesson Reports Fiscal 2018 Second-Quarter Results Business Wire
  • Athenahealth Q3 top line up 11%; earnings down 7%; operating income guidance raised; shares down 1% after hours Seeking Alpha
  • NantHealth Reports 2017 Third Quarter Financial Results; GPS Revenue Doubles from Preceding Quarter Business Wire
  • Varian Reports Results for Fourth Quarter of Fiscal Year 2017 PR Newswire

Key People Movement

Board Updates

  • GNS Healthcare Names Dr. David Sontag to its Strategic Advisory Board PR Newswire
 

Tracxn – Analyst Notes (India Practice) # 551

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A daily newsletter summarizing interesting Indian startups and recent activity both in India & globally.

INTERESTING STARTUPS

EvueMe (2016, Delhi), cloud based digital hiring bot. Founder is ex- Reliance Communications, Bharti Airtel, BPL Group and is an alumnus of IIM Bangalore. Local comparables are ePoise (2012, Bangalore, $500K) and Talview (2012, Bangalore, $100K). Global comparables are Kira Talent (2012, Toronto, $8M) and HireArt (2012, NYC, $6.7M).

INDIA INTERESTING NEWS

Paytm Payments Bank (2016, Noida), payments bank, raises $18.7M in funding from One97 Communications and its founder Vijay Shekhar Sharma. Link

BlackSoil Capital invests $771K in GoBolt (2015, Delhi), online marketplace for freight transport, WebEngage (2011, Mumbai), multi-channel predictive marketing automation suite and Truweight (2012, Bangalore), weight loss consultation service provider, in interim venture debt round of funding. Link

MiStay (2016, Gurgaon), timeslot based hotel booking platform, raises an undisclosed amount in Seed round of funding from Axilor Ventures and a group of angels. Link

Wirecard (1999, Aschheim), provider of payment processing and issuing product solutions, partners with Capital Float (2013, Bangalore), online lending platform for small businesses, to offer quick customised loans to small retailers. Link

Hike Messenger (2012, Delhi), mobile messaging and calling app, partners with Airtel Payments Bank for its wallet service. Link

ShopClues (2011, Gurgaon), ecommerce retail marketplace, launches electronic accessories private label Digimate. Link

Facebook (2004, Menlo Park), social networking site, launches digital & startup training hubs in India. Link

CX Partners, Mumbai based venture capital firm, raises $250M for its second sector-agnostic fund, as per reports. Link

UTI Capital, Bangalore based venture capital firm, closes its first maiden private debt fund, at $74M. Link

Tapaswi Group, Mumbai based venture capital firm, launches women centric billennium divas angel fund. Link

GLOBAL ROUNDUP

The Wing (2015, NYC), provider of co-working space for women, raises $32M in Series B round of funding from WeWork. Link

LeafLink (2015, NYC), online commerce platform for cannabis dispensaries, raises $10M in Series A round of funding led by Nosara Capital, Casa Verde and Lerer Hippeau Ventures. Link

Buildup (2013, Palo Alto), provider of mobile apps for construction field management, raises $7M in SerieFirst Round Capital, Tandem Capitals A round of funding from TLV Partners, UpWest Labs, 01 Ventures, Abstract Ventures, and Check founders Guy Goldstein and Ahikam Kaufman. Link

PacketZoom (2013, San Mateo), provider of faster cloud access for mobile apps, raises $5M in Series A round of funding led by Baseline Ventures, with participation from  and Arafura Ventures. Link

Apple (1976, Cupertino), consumer electronics manufacturer, acquires Vrvana (2014, Montreal), developer of 3D immersive Virtual Reality headset, for $30M. Link

Seedcamp, London-based early stage venture capital firm, holds first close of fourth fund, at $54M. Link

Tracxn – Analyst Notes (India Practice) # 552

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A daily newsletter summarizing interesting Indian startups and recent activity both in India & globally.

INTERESTING STARTUPS

HealthFin (2016, Pune), healthcare financing platform. Founders are ex- ICICI Lombard General Insurance and Sahyadri Hospitals and are alumni of Symbiosis and ICFAI. Local comparable is AffordPlan (2016, Delhi, $3.4M). Global comparables are Finrise (2015, San Mateo, $5.4M) and PrimaHealthCredit (2009, NewPort Beach, $1M).

INDIA INTERESTING NEWS

Climate Connect (2010, Delhi), AI enabled platform for power, gas and emissions market, raises an undisclosed amount in Series A round of funding from Miller Turner Group. Link

WittyFeed (2014, Indore), online platform for sharing stories and entertainment content, raises an undisclosed amount in funding from Sandeep Aggarwal. Link

Everstone Capital, Bangalore based venture capital firm, acquires Chemopharm (1975, Petaling Jaya), medical products and solutions distributor, for an undisclosed amount. Link

Ola (2011, Bangalore), app-based asset-light cab operator, partners with Tata Motors(1945, Mumbai), manufactures of cars and commercial automotive vehicles, to launch an electric version of Nano in Delhi. Link

Unilever Ventures, Mumbai based venture capital firm, invests $10M in IDG Ventures India Fund. Link

Yulu (2017, Bangalore), IoT enabled bicycle sharing platform, launched by InMobi’s (2007, Bangalore), co-founder Amit Gupta. Link

GLOBAL ROUNDUP

Supermetrics (2010, Helsinki), provider of excel based report automation tools for web and social media data, raises $4.1M in Series A round of funding led by OpenOcean. Link

GIZTIX (2015, Bangkok), marketplace for transporting freight through road, raises $1.65M in Series A round of funding from AddVentures, Wavemaker and 500 Tuktuks. Link

Fountain, investment advisory startup, raises an undisclosed amount in Seed round of funding from Deutsche Bank, Societe Generale, Goldman Sachs, Charlotte Street Capital, Patrick Day, Citigroup. Link

LINE (2011, Tokyo), messaging app with free voice calls, acquires TemanJalan (2015, Jakarta), ride sharing app, for an undisclosed amount. Link

Tracxn Analyst Notes (China Practice Weekly) # 110

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A weekly newsletter summarizing recent activity in the Chinese startup ecosystem.

DEALS OF THE WEEK

Tencent Leads $400M Round In Chinese Robot Maker Ubtech At $4B Valuation
Ubtech Robotics (2012, Shenzhen), a humanoid robot maker, raises $400M in Series C round led by Tencent Holdings Ltd.

INTERESTING FUNDRAISING ACTIVITY IN CHINA

Tencent invests $150M in Chinese ticketing platform Maoyan
Maoyan (2013, Beijing), a movie ticketing platform, raises $150M in Series B round led by Tencent Holdings Ltd.

Tiger Management Reportedly Leads $120M Round In China Logistics Firm Yunmanman
Yunmanman (2013, Shangai), a freight transportation and logistics mobile app operator, raises $120M in Series D3 round led by Tiger Management Corp.

Baidu Joins $105M Round In China’s Ride Booking App Shouqi Limousine & Chauffeur
Shouqi Limousine & Chauffeur (2015, Beijing), a ride-booking app launched by state-owned automobile enterprises Shouqi Group, raises $105M in Series B+ round from NIO Capital, Baidu Inc. and Silk Road Huachuang Beijing Co., Ltd.

Chinese AI Facial Recognition Firm CloudWalk Technology Raises 75M Series B Round
CloudWalk Technology Co., Ltd., (2015, Beijing), an artificial intelligence facial recognition firm, raises $75M in Series B round led by Shunwei Capital, Oriza Holdings and Puhua Capital.

Nvidia-Backed Chinese Autonomous Truck Technology Firm TuSimple Raises $55M In Series C Round
TuSimple (2015, Beijing), an autonomous truck driving technology firm, raises $55M in Series C round led by Fuhe Capital and existing investors Sina Corp. and Zhiping Capital.

Sequoia Capital Leads $30M Series A Round In Chinese Fresh Produce Supermarket Letus Legend
Letus Legend, a fresh produce chain supermarket operator, raises $30M in Series A round led by Sequoia Capital China.

Chinese Short-Video Mobile App Pear Video Secures $25M Round From People.Cn
Pear Video (2016, China), a short video mobile app maker, raises $25M in Pre-Around led by People.cn.

Tencent Co-Leads Funding Round In Chinese Service Robot Developer Yunji Technology
Yunji Technology (2014, Chaoyang), a service robot company, raises an undisclosed amount in Series A round from HNA Capital, Tencent Holdings Ltd., iFlytek, and Lightning Capital.

Qualcomm Ventures Invests In China Bike Sharing Firm Mobike
Mobike (2015, Shanghai), a bike sharing company, raises an undisclosed amount in a strategic financing round led by Qualcomm Ventures.

Alibaba-backed online apparel startup Grana raises venture debt from STI Financial
Grana (2013, Hong Kong), an online-only apparel brand, raises an undisclosed amount in Venture Debt round led by STI Financial Group.

Chinese fintech firm 9F Group raises big-ticket round from strategic investors
9F Group (2006), a financial services firm, raises an undisclosed amount in undisclosed Series led by Cinda International Holding Ltd, Jiang Nanchun, and Lin Qi.

INVESTMENTS BY CHINESE INVESTORS AND COMPANIES

Shenzen Capital, retail giant Suning tie up to launch $4.5B logistics fund
Shenzen Capital Group Co Ltd, a China-based venture capital firm, and Suning Commerce Group, a China based largest non-government retailer, to launch a $4.5B logistics real estate fund.

PAG Buys Controlling Stake In Chinese Matchmaking Site Backed By Match.com
PAG, an Asian alternative investment management group, acquires Zhenai, a China-based online dating site, for an undisclosed amount.

Tracxn – Analyst Notes (India Practice) # 552

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A daily newsletter summarizing interesting Indian startups and recent activity both in India & globally.

INTERESTING STARTUPS

HealthFin (2016, Pune), healthcare financing platform. Founders are ex- ICICI Lombard General Insurance and Sahyadri Hospitals and are alumni of Symbiosis and ICFAI. Local comparable is AffordPlan (2016, Delhi, $3.4M). Global comparables are Finrise (2015, San Mateo, $5.4M) and PrimaHealthCredit (2009, NewPort Beach, $1M).

INDIA INTERESTING NEWS

Climate Connect (2010, Delhi), AI enabled platform for power, gas and emissions market, raises an undisclosed amount in Series A round of funding from Miller Turner Group. Link

WittyFeed (2014, Indore), online platform for sharing stories and entertainment content, raises an undisclosed amount in funding from Sandeep Aggarwal. Link

Everstone Capital, Bangalore based venture capital firm, acquires Chemopharm (1975, Petaling Jaya), medical products and solutions distributor, for an undisclosed amount. Link

Ola (2011, Bangalore), app-based asset-light cab operator, partners with Tata Motors(1945, Mumbai), manufactures of cars and commercial automotive vehicles, to launch an electric version of Nano in Delhi. Link

Unilever Ventures, Mumbai based venture capital firm, invests $10M in IDG Ventures IndiaFund. Link

Yulu (2017, Bangalore), IoT enabled bicycle sharing platform, launched by InMobi’s (2007, Bangalore), co-founder Amit Gupta. Link

GLOBAL ROUNDUP

Supermetrics (2010, Helsinki), provider of excel based report automation tools for web and social media data, raises $4.1M in Series A round of funding led by OpenOcean. Link

GIZTIX (2015, Bangkok), marketplace for transporting freight through road, raises $1.65M in Series A round of funding from AddVentures, Wavemaker and 500 Tuktuks. Link

Fountain, investment advisory startup, raises an undisclosed amount in Seed round of funding from Deutsche Bank, Societe Generale, Goldman Sachs, Charlotte Street Capital, Patrick Day, Citigroup. Link

LINE (2011, Tokyo), messaging app with free voice calls, acquires TemanJalan (2015, Jakarta), ride sharing app, for an undisclosed amount. Link

Tracxn – Analyst Notes (India Practice) # 553

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A daily newsletter summarizing interesting Indian startups and recent activity both in India & globally.

INTERESTING STARTUPS

Dishq (2015, Bangalore), AI-enabled food recommendation engine. Founders are ex- Myntra, Zomato, Just Eat and alumni of IIT Madras and Aston University.Global comparables are  Vivanda (2014, Baltimore , $4M) and AVA (2016, Boston, $3M).

INDIA INTERESTING NEWS

Smaaash Entertainment (2009, Mumbai), virtual reality sports, leisure and entertainment, raises $3.87M in Series B round of funding from Sixth Sense Ventures. Link

TempoGO (2015, Goa), software and hardware solutions for fleet management and asset tracking, raises 250K in Seed round of funding from Javelin Startup-O Victory Fund. Link

KrishiHub (2016, Bangalore), online platform for B2B sales for vegetables, raises an Undisclosed amount in Seed round of funding from IIT Kanpur INVENT Accelerator and Villgro Innovation Fund. Link

Zoomcar (2013, Bangalore), online self-drive car rental service provider, partners with Mahindra Electric (1994, Bangalore), manufacturer of electric cars and commercial vans, for e-vehicle in Hyderabad. Link

SBI (1806, Mumbai), public sector banking & financial services company, launches digital lifestyle and banking services platform YONO. Link

GLOBAL ROUNDUP

Bond Collective (2012, NYC), provider of managed co-working spaces, raises $50M in funding from undisclosed investors. Link

HydroEdge (2012, McMurray), industrial goods & manufacturing firm, closes $8M in Debt round of funding from undisclosed investors. Link

DiliTrust (2010, Paris), Software solutions provider for corporate governance and secure data sharing, raises $8M in Series A round of funding from Calcium Capital. Link

LabGenius (2012, London), Developer of new materials using synthetic biology, raises $3.66M in Seed round of funding led by Kindred Capital and Acequia Capital with participation from Backed VC, Beast Ventures, Berggruen Holdings, System.One and others. Link

Aday (2015, NYC), direct to consumer brand of activewear clothing for women, raises $2M in Seed round of funding from H&M Co, H&M’s venture capital arm, ADG, and SoGal Ventures. Link

Cloudflare (2009, SF), provider of website security & performance solutions, acquires Neumob (2014, Sunnyvale), app acceleration SDK for undisclosed amount. Link

NextWorld Capital, SF -based venture capital firm, raises $135M for Second Venture Capital Fund. Link

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