A weekly newsletter summarizing recent activity and interesting startups in South East Asia.
INTERESTING COMPANIES FOUND
Antz (2017, Singapore) – Blockchain enabled procurement marketplace for business services. Global comparable include BitBay (2014, Diemen).
SEA – FUNDING UPDATES
Hatcher+ raises funding
Hatcher+ (2013, Singapore), a cloud-based investment management platform for investors, raises $3.5M in funding from led by Mistletoe.
JustCo raises funding
JustCo (2015, Singapore), a managed coworking space, raises an undisclosed amount in Series B from Sansiri.
Chope raises funding
Chope (2011, Singapore), an online restaurant reservation, raises $13M in Series D from Square Peg Capital, CapitaLand, Moelis, NSI Ventures, SIG, SPH Ventures and DSG Consumer Partners.
Hipflat raises funding
Hipflat (2010, Bangkok), an online listing platform for residential properties, raises an undisclosed amount in funding from Aucfan.
Gushcloud raises funding
Gushcloud (2011, Singapore), an influencer marketing firm, raises $3M in funding from YG Entertainment.
Deliveree raises funding
Deliveree (2015, Bangkok), on-demand logistics and transportation platform, raises $14.5M in Series A from Gobi Partners, Asia Summit Capital, Inspire Ventures and PSA Unboxed.
Oplifi raises funding
Oplifi (2015, Singapore), a digital ads programmatic channel provider, raises $750k in funding from Rainmaker Ventures.
SEA – RECENT DEVELOPMENTS
Chinese internet giant Tencent seeks to buy $100M of stock in Sea IPO
Tencent seeks to buy $100M of stock in Sea, formerly known as Garena, IPO.
Backed by Temasek, Wavemaker closes $66M venture fund for Southeast Asia
Backed by Temasek, Wavemaker closes $66M venture fund for Southeast Asia.
Malaysia’s Cradle Seed Ventures set to launch $20M second fund
Malaysia’s Cradle Seed Ventures set to launch $20M second fund.
Shell partners QEV, ABB to build EV charging stations
Pilipinas Shell Petroleum Corp, QEV Philippines, and Swiss robotics firm ABB have partnered to put up the first electric vehicle fast charging infrastructure network in the Philippines.
Salim-Lotte launch $100M e-commerce JV
Salim Group, an Indonesian conglomerate, teams up with South Korean retail giant Lotte Group to launch iLotte, an e-commerce platform that will directly compete with the likes of Lazada, Blibli, MatahariMall, and JD.id.
Blue Bird raises funding
Blue Bird, a conventional taxi operator, raises $74M in funding from Bank Sumitomo Mitsui Indonesia.
Indonesia listed startup Kioson closes post-IPO Narindo acquisition deal
Indonesia listed startup Kioson closes post-IPO Narindo acquisition deal.
CPPIB commits $350M to SG’s Keppel-backed data center fund, option to invest another $150M
CPPIB commits $350M to SG’s Keppel-backed data center fund, option to invest another $150M.