A weekly newsletter summarizing recent activity and interesting startups in South East Asia.
INTERESTING COMPANIES FOUND
SocailX (2017, Singapore) – Decentralized social platform for community and content sharing. Global comparable include Akasha (2015, Zug).
Happy Time Stories (2016, Bangkok) – App based interactive story books for pre-school kids. Global comparables include Speakaboos (2008, New York City, $25.2M) and Hullabalu (2012, New York City, $6.5M).
SEA – FUNDING UPDATES
Rework raises funding
Rework (2016, Jakarta), a co-working space provider, raises $3M in Pre-Series A led by ATM Capital and Convergence Ventures.
iResidenz raises funding
iResidenz (2013, Kuala Lumpur), a rental management solution provider, raises an undisclosed amount in undisclosed Series from undisclosed investors.
PolicyStreet raises funding
PolicyStreet (2016, Kuala Lumpur), an online insurance aggregator, raises $500k in Seed round from KK Fund.
Event Pop raises funding
Event Pop (2015, Bangkok), a ticketing platform for events, raises an undisclosed amount in Series A from InVent and Beacon Venture Capital.
MatahariMall raises funding
MatahariMall (2015, Jakarta), an online retail marketplace, raises $16M in undisclosed Series from Lippo Group.
Bindez raises funding
Bindez (2014), a news search engine and discovery platform, raises an undisclosed amount in Seed funding from Vulpes Invest.
Ninja Van raises funding
Ninja Van (2014), a logistics and supply chain operator, raises $60M in Series C from undisclosed investors.
SEA – RECENT DEVELOPMENTS
Mobike launches in Malaysia
Mobike launches dockless bike-sharing service in Shah Alam, the capital of Malaysia’s Selangor state.
Kioson plans to raise money through IPO
Kioson plans to raise close to $3.1M through IPO at the Indonesia Stock Exchange.
Razer proposes RazerPay e-payments system
Razer proposes RazerPay e-payments system in Singapore.
Senturia partners P2P financing platform Funding Societies
Senturia Capital partners with Funding Societies to provide larger avenues for capital access to companies.