A weekly newsletter summarizing recent activity and interesting startups in South East Asia

 

INTERESTING COMPANIES FOUND

Gryphin (Bangkok, 2015) Based in Thailand, Gryphin measures and analyzes the power consumption for building and homes. It provides integrated cloud services through IoT connected devices which are Wifi enabled. Still in Beta phase as of Oct’15, the company provides access to plan and manage energy usage in real time from anywhere. Global comparable include Bidgely (2010, Sunnyvale, $25M), WeSmart (2015, Shanghai).

Watcfy (Singapore, 2015) A social intelligence platform for influencer marketing which allows advertisers to design a complete traction campaign, find and engage appropriate influencers, track their performance, compare their performance with other influencers, and also assess the performance of competing brands. Still in private beta. Global comparable include SociaBuzz (2012, Jakarta, $62.5K), Linqia (2012, SF, $4.4M).

Cropital (Manila, 2015) Cropital is a crowdfunding platform that connects anyone to help finance farmers. Affiliated with MaGIC (Malaysian Global Innovation and Creativity Centre), The company allows investors to select from the local farmers who need funding and when the harvest is complete, they can take the capital back along with some returns based on the harvest.

 

SEA – RECENT DEVELOPMENTS

Lotus Fund, an impact investor of SEA and University of Da Nang’s College of Information Technology has made a collaboration to start Lotus Hub to develop the entrepreneurial ecosystem in Vietnam. Together they will build and invest in an innovation space for entrepreneurs to build startup friendly ecosystem in Vietnam. Link

Microsoft Vietnam and Expara, a Singapore based incubator, have started CLAS Expara Startup Accelerator, Vietnam’s first VC-funded accelerator. Expara plans to invest $10K into promising startups at the accelerator program’s mid-point review and after demo day, it will invest up to $500K in successful graduates. Link

In one of the largest acquisition of SEA internet space, the iProperty Group, a leading online advertising business serving the real estate industry, has agreed to be acquired by REA Group, an Australian real estate and advertising arm of News Corp, at a valuation of $534M. Link

Indonesian conglomerate Lippo Group has launched Venturra Capital, a new venture capital fund of $150M. Primary focus of the fund would be Indonesia along with other part of SEA and will invest in technology companies in early growth stage. Link

Qraved (Jakarta, 2013) A social dining directory which provides users with restaurant information, reviews, promotions and an instant booking facility has raised $8M in Series B round, led by US-based Richmond Global Ventures and Gobi Partners from Shanghai. Link

Call Levels (Singapore, 2014) Call Levels, which provides real-time financial monitoring and notification service, has raised $500K in pre-series A funding led by 500 Startups. Angels like Timothy Teo (ex-GIC and JP Morgan), Gracelyn Ho (ex-Morgan Stanley) and Koh Boon Hwee (ex-DBS) also participated in the round. Link

Carro (Singapore, 2015) Second hand P2P car marketplace has raised around $716K (S$1M) in seed funding from undisclosed investors. The company promises to buy the car from sellers at the offer price if there are no buyers after listing for 30 days. Link

Lifetrack Medical Systems (Manila, 2012) Philippines based healthtech startup that provides quality interpretation of radiology diagnostic images for hospitals and clinics, has raised an undisclosed amount in seed funding from local investment firm Kickstart Ventures and other strategic investors. Link

 

GLOBAL ROUNDUP

CB Insights (2010, NYC) Data as a service firm in VC space, raises $10M in Series A funding from growth stage investment firm RSTP. Link

Relayr (2013, Berlin) Sensor manufacturer for smart devices raises $11M in Series A led by Kleiner Perkins Caufield Byers along with Munich Venture partners and Tom Noonan. Link

BuildingConnected (2012, SF) Platform for pre-construction bidding raises $9M in Series A led by Crosslink Capital and existing investors. Link

Uniplaces (2011, Lisbon) curated listing platform for student accommodation raises $24M series A funding led by Atomico along with participation from Octopus Ventures, Shilling Capital Partners, Caixa Capital and other angel investors. Link

 

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