A weekly newsletter summarizing recent activity and interesting startups in South East Asia.
INTERESTING COMPANIES FOUND
VRcollab (2016, Singapore) – Multi-user virtual reality tool for BIM. Global Comparables include Visual Vocal (2015, Seattle, $4.1M) and InsiteVR (2014, New York City, $1.5M).
Valeri (2017, Jakarta) – Digital marketing and analytics solutions provider. Global Comparables include DataSift (2010, Reading, $70M) and Zignal Labs (2011, San Francisco, $28M).
SEA – FUNDING UPDATES
Qwikwire raises funding
Qwikwire (2013, Manila), overseas payment solutions provider, raises $9M in ICO.
BeautyMNL raises funding
BeautyMNL (2014, Philippines), an online store for beauty products, raises an undisclosed amount of funding from Robinsons Retail.
Oxfordcaps raises funding
Oxfordcaps (2017, Singapore), an online platform for students to book residential accommodation, raises an undisclosed amount of funding from 500 Startups, ReadyVentures and a group of undisclosed angel investors.
Advent Access raises funding
Advent Access (2015, Singapore), renal disease management solutions provider, raises $1.9M in Pre-Series A round from Accuron MedTech.
VENTENY raises funding
VENTENY (2015, Makati), employee benefits and perks provider, raises $2.3M in Series A from SBI Investment.
EcoWorth Tech raises funding
EcoWorth Tech (2016, Singapore), an industrial wastewater treatment startup, raises $740K in Seed funding from Budding Innovations and FundedHere.
ZAPtag raises funding
ZAPtag (2012, Manila), cashback based coalition loyalty programme provider, raises $550K in Seed funding from Venture Capital Holdings and Kickstart ventures.
MailTarget raises funding
MailTarget (2016, Jakarta),cloud-based email marketing solution provider, raises an undisclosed amount in Seed round of funding from Azure Ventures.
Helpster raises funding
Helpster (2015, Bangkok), a mobile-based platform for staffing solutions, raises $42.5M in Pre-Series A round from Mojo Partners, and Wavemaker Partners.
SEA – RECENT DEVELOPMENTS
Go-Jek acquires Kartuku, Midtrans, Mapan
Go-Jek acquires Jakarta based Fintech startups, Kartuku, a payment service provider, Midtrans, a payment and risk management solution provider, and Mapan, a local community-based saving and lending network, for an undisclosed amount.
FlyMya acquires Go-Myanmar.com
FlyMya, an online portal for domestic travel bookings, acquires Go-Myanmar.com, a Myanmar based travel destination platform, for an undisclosed amount.
Starhub acquires D’Crypt for $90M
Starhub, integrated telecom services provider, acquires D’Crypt, a Singapore based security system supplier, for $90M.