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

INTERESTING COMPANIES FOUND

Mimetic (2015, Singapore) AI based ‘’Virtual Assistant’’ for scheduling meetings generally used by the business customers. Global comparables include x.ai (2014, NYC, $11M) and Julie Desk (2014, Paris). 

Empirico Labs (2015, Singapore) Gamified professional course developer for companies. Global comparables include mLevel (2012, Chicago, $7M) and LearnBIG (2013, Seattle, $3.2M).

Xwork (2015, Jakarta) On demand marketplace for meeting spaces that help users book meeting spaces listed on the platform. Global comparables include Convene (2009, NYC, $25.5M) and Worktopia (2004, Atlanta, $12M).

SEA – FUNDING UPDATES

Astroscale (2013, Singapore) Satellite service company for space debris clearing raises $35M in Series B round from Innovation Network Corporation of Japan (INCJ) and Jafco. Read more     

migme (2006, Singapore) Web/mobile messaging emphasized social networking platform raises $5.12M from China based photo editing and sharing app Meitu. Read more    (Consumer)

Carsome (2015, Kuala Lumpur) Online listing platform for new and used cars raises $2M in Series A round of funding led by IdeaRiverRun, with participation from IMG Investment Partners and 500 Startups. Read more     

Tinggal (2016, Singapore) Asset-light branded budget hotel platform raises $1M led by Prafulla Mathur (Founder of Wudstay) with participation from Mangrove Capital, Simile Venture Partners and angel investor Vikas Saxena. Read more      

GetLinks (2014, Bangkok) Thailand based curated tech hiring marketplace raises $500 K in seed funding from 500 Startups and Cyberagent Ventures. Read more

SEA – RECENT DEVELOPMENTS

Dimo (2014, Jakarta) Mobile first wallet service provider of Indonesia introduces digital payment solution, titled Pay by QR, which can scan QR code to pay for transaction with the partnered companies. Read more

HappyFresh (2014, Jakarta) Online marketplace for existing grocery retailers has started one-hour grocery delivery service to Manila, Philippines. As of now the company has its footprint in five countries namely Indonesia, Malaysia, Thailand, Taiwan and Philippines. Read more

United Overseas Bank (UOB), Singapore’s largest SME bank, has partnered with OurCrowd, an equity crowdfunding web platform based out of Israel. UOB would invest $10M into OurCrowd and provide bank access to the portfolio companies of OurCrowd. Read more

Leave a Reply