Tiki raises US$136M in second tranche of Series E
UBS AG invested ~US$40M and Mirae Asset put ~US$27M; Tiki was valued at ~US$740M in the first Series E tranche, which came from investors such as AIA, Taiwan Mobile and Appworks.
Antler closes over US$300M, to provide follow-on capital for its portfolio startups
Backers are Schroders, Vækstfonden, and Phoenix Group; While its primary focus remains pre-seed stage investments, Antler will now start offering its portfolio companies follow-on capital as they grow and scale up to Series C.
InnoVen Capital launches new fund targetting SEA startups
InnoVen SEA Fund has completed its first close of US$50M with InnoVen Capital and will be seeking additional investors to participate in the fund; Its launch follows the recent launch of its US$100 million InnoVen Capital India Fund in September.
RHL Ventures looks to raise US$100M for Hibiscus fund
The VC firm has made the first close at US$50M; Hibiscus targets early-stage startups at Series A and B stages and writes cheques of US$1-5M; It has already invested in Naluri and has 3-4 investments in pipeline.
Draper Startup House Ventures launches new global fund, invests in Singapore’s Ferne Health
It will have an APAC predominance due to Draper Startup House International having Singapore as its HQs; Its reach potential includes 60 countries and 30 industries already represented on the company’s platform.
VE Capital Asia acquires Web Imp, Cashapon, TVP for US$37M to strengthen deeptech capabilities
Web Imp guides businesses in enabling digital transformation through intuitive UX/UI design and reliable web and mobile development; Cashapon acquires and elevates leading brands in the retail e-commerce market using AI and ML technology.
AUM Biosciences bags US$27M Series A to advance its targeted cancer therapies
Investors are Everlife and SPRIM Global Investments; AUM will expedite the clinical development and business growth of oncology therapies, particularly for cancers with a clear genetic marker.
Indonesian hospitality brand Artotel Group raises Series B
Investors are Indies Capital and Benson Capital; Artotel manages several hotels, restaurants, bars, and beach clubs across the country; The company, which focuses on promoting local art and artists, also has runs a branding, event management, and merchandising unit.
iSeller, the ‘Shopify of Indonesia’, nets US$8M to become a super-app for merchants
Investors are Openspace Ventures, AppWorks, Mandiri Capital and Indogen Capital; iSeller claims that it processes 1M+ transactions per month across all channels and serving more than 60K business owners in Indonesia.
ESB, the ‘Toast of Indonesia’, adds US$7.6M to its Series A kitty to develop new AI features
Investors are Alpha JWC, Beenext, Vulcan Capital; ESB is an all-in-one provider of culinary business operations software, connecting restaurants’ front-end, back-end, consumers, and supply chain partners.
ION Mobility lands US$6.8M as it prepares to launch smart e-motorbike in Singapore
Investors are Quest Ventures, TNB Aura, GDP Venture, Monk’s Hill Ventures, Seeds Capital and 500 Southeast Asia; ION Mobility will use the money to set up its manufacturing operations in Singapore and Indonesia.
Singapore venture studio to raise US$5M to invest in SEA startups
Xpdite Capital Partners focuses on seed-stage and pre-series A startups; Its portfolio focuses on travel, food, and health startups like Vietnam-based Innaway, Thailand-based Yindii, and Sri Lanka-based Findmyfare.
Pickupp extends its Series A round to US$20M with fresh capital injection from Reefknot
It will use funds to strengthen its operational efficiency to accommodate the growing use of online-to-offline services in Singapore, HK, Taiwan and Malaysia; It will also add 10+ new satellite warehouses across heartland areas in the city-state within the next six months.
Fefifo raises US$3.1M to double the scale of its pilot co-farms in Malaysia
Investors include RHL Ventures and KB Investment; Fefifo describes itself as a “cloud kitchen for farmers.” It aims to encourage the younger generations to explore agriculture as a career.
Creative Galileo rakes in US$2.5M to grow its fun, interactive learning app for kids
Lead investor is Kalaari Capital; Since its launch, Creative Galileo’s app claims to have clocked 4M+ downloads and over 500K MAUs in SEA, Nepal, Bangladesh, UAE and the US.
F&B and retail-tech solution provider eatcosys raises US$2.4M through ECG platform Fundnel
eatcosys is a platform that serves to further expedite the success journey of F&B and retail operators, supporting the progression of the business throughout; It utilises an interconnected system built on retail and financial technology, incorporating several digital platforms and fintech.
Vietnam’s AI-powered female-focused dating app Fika nets US$1.6M
Investors are Swedish firm VNV Global, Global Founders Capital and Keith Richman’s angel fund 31 Atlantic; Fika understands users’ interests, likes and the kinds of profiles they swipe for and against to create tailored matches, suggestions and recommendations to support long-lasting relationships.
Indonesian online lender’s US$1M lawsuit withdrawn
Japan’s Real Kapital sued UangTeman for alleged default on its loan obligations; However, on October 12, Real Kapital has submitted a letter to the South Jakarta District Court to withdraw its lawsuit against UangTeman; The letter also requests the lawsuit’s removal from the case register.
ThoughtFull banks US$1.1M in seed financing to scale digital mental health support across SEA
Investors are The Hive SEA, Flybridge, and Vulpes Investment Management; ThoughtFull connect users to accredited mental health professionals for daily conversations and personalised best-fit mental healthcare.
Ex-PropertyGuru, Carousell execs’ startup Surer nets US$1M to serve insurance firms in Singapore
Investors are Norway’s Kistefos, Markel Corporation’s insurtech investment arm, and unnamed angel; Surer drives network orchestration and efficient communication to help intermediaries and insurers better serve the end policyholders.
B2B e-commerce platform EI Industrial attracts seed funding from Cocoon Capital, Beenext
EI Industrial provides a SaaS e-procurement and warehouse management system to help manufacturers and construction businesses manage their purchasing processes; It currently focuses on the maintenance, repair and operation and mechanical and electrical supply sectors.
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Image Credit: Tiki
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