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.