Brinc CEO Manav Gupta (L) and Animoca Brands Founder Yat Siu

Animoca Brands attracts US$360M to grow open metaverse, make strategic acquisitions and investments
Investors include Liberty City Ventures, 10T Holdings, C Ventures, Delta Fund, and Gemini Frontier Fund; Animoca’s products include games ranging from hyper-casual to hardcore and collectibles, utility tokens, and e-sports titles.

“We want to facilitate organisations’ Web3 transition from bits to atoms”: Brinc CEO Manav Gupta
Brinc CEO believes under all the hype, Web3 will be a secular shift in how people come together to create enterprises and solve problems; The Hong Kong-based accelerator recently raised US$130M led by Animoca Brands.

Quadria Capital injects US$90M into Con Cung to build super app for Vietnamese mothers
Con Cung’s offerings include over 2K SKUs of products such as milk powder, diapers, bottled nutrition and vitamins, equipment, and baby fashion; It operates 600 stores in 45 provinces and towns and plans to expand to 1,000 stores by the end of 2022.

Lummo (formerly Bukukas) raises US$80M, to foray into other SEA markets
Investors include Tiger Global, Sequoia India, and CapitalG; Lummo was started as a bookkeeping app for MSMEs; While it currently operates in the social commerce space, it is eyeing more markets such as Vietnam, Thailand and the Philippines.

BurdaPrincipal leads Filipino BNPL platform BillEase’s US$11M Series B round
Other backers are Centauri, 33 Capital, and Tamaz Georgadze; BillEase app also offers personal loans, e-wallet top-ups and popular wallets like GCash, PayMaya,, GrabPay, and ShopeePay.

Vietnam’s games publisher Funtap launches US$10M blockchain fund
Funverse Capital will back startups working on blockchain-enabled apps in GameFi, DeFi (decentralised finance) and other potential projects; It will write a cheque of up to US$1M while also providing mentorship and accelerator programmes.

Mio banks US$8M Series A to empower Vietnamese women via its social commerce platform for fresh produce
Investors include Jungle Ventures, Patamar Capital, GGV Capital, Venturra, and Hustle Fund; Mio fulfils 10K daily orders to tens of thousands of households via its agent network and delivers directly from the farm to the table in less than 16 hours.

B2B e-commerce startup Dropee scores US$7M Series A
Investors include Vynn Capital, HCL Capital, Resolution Ventures, and LKF Capital; Dropee connects suppliers with SMEs in real-time; It leverages AI and predictive analysis to forecast which products will be on demand at local retailers.

Infinity Force scores US$5.5M seed funding led by Animoca to provide infra for global P2E communities
Other investors include JUMP Capital, Sky Vision Capital, OKex Blockdream Ventures, and MEXC; Infinity Force provides end-to-end SaaS encompassing guild creation, NFT asset lending, player recruitment and training, performance management, payment automation, and data analytics.

HERE Technologies leads UNL’s US$4.5M funding to ‘pixelise’ the physical world
UNL offers a library of plug-and-play geospatial solutions that help businesses in e-commerce to last-mile and smart city space; HERE is a location platform for navigation and mapping owned by the consortium of German carmakers Audi, BMW and Daimler.

Sky Mavis co-founder backs Ancient8’s US$4M seed round to democratise access to metaverse
Co-investors include Dragonfly Capital, Pantera Capital, Hashed, Animoca Brands, and Sipher; Ancient8 is building a DAO that develops a community and software platform to enable everyone to play and build the metaverse while earning rewards.

Funding roundup: StaffAny raises US$3.4M in Series A, MyRobin.ID closes pre-series A
StaffAny is a workforce management solution that connects HR and operations within organisations, whereas MyRobin provides on-demand, pre-screened, blue-collar workers in Indonesia.

BRI Ventures, Tokocrypto launch first blockchain accelerator
The Tokocrypto Sembrani Blockchain Accelerator targets post-seed startups working on blockchain and tokenisation technology; Potential participants should be involved in fields like centralised or decentralised finance, impact projects, P2E systems, or NFTs.

True Global Ventures pours US$3M into IDO launchpad Enjinstarter
Enjinstarter is a blockchain gaming, metaverse, and entertainment-focused launchpad for IDOs and initial NFT offerings; It supports creators and game developers by enabling them to build and develop their blockchain and digital asset strategies.

Vietnam’s EV startup Selex Motors banks US$2.1M to ramp up in-house vehicle production
Investors include Touchstone Partners, ADB Ventures, and Nextrans. Selex Motors owns patented technologies to develop and manufacture smart electric motorcycles, battery packs and battery swapping systems.

East Ventures leads seed round of Indonesian mental health app Riliv
Benson Capital, Sankalpa Ventures, and Teja Ventures also participated; Riliv has developed an app that offers online counseling and meditation services for people dealing with mental health issues.

Malaysia’s content aggregator Newswav scores US$1.43M led by OSK Ventures
Newswav provides content in three different languages (English, Malay, Chinese) and three different formats (articles, videos, podcasts); The portal aggregates about 200 publications and content creators, including The Sun Daily, SCMP, and Malay Mail.

Oxford, Cambridge graduates’ startup GuruLab raises US$1M to pair qualified tutors with learning analytics
Singapore-based Wright Partners and other VCs invested; GuruLab aims to give each student the tailored help to improve their grades through a data-driven approach.

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The post Ecosystem Roundup: Animoca Brands nets US$360M, on a funding spree; Con Cung bags US$90M; Web3 gathers steam appeared first on e27.

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