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

INTERESTING COMPANIES FOUND

Qvolta (2017, Singapore) – Peer to peer cryptocurrency exchange. Global Comparables include Zaif (2014, Osaka, $7.04M) and OpenLedger (2015, Hune, $1.66M).

Leben Care (2017, Singapore) – Provider of diagnostics solutions for eye-specific conditions. Global Comparables include Visulytix (2015, London) and Eyenuk (2010, Woodland Hills).

SEA – FUNDING UPDATES

Alodokter raises funding
Alodokter (2014, Jakarta), a health information portal, raises $9M in Series B from SoftBank Ventures Korea.

StickEarn raises funding
StickEarn (2016, Jakarta), crowd-sourced vehicle advertising platform, raises $1M in Seed funding from East Ventures.

ShopBack raises funding
ShopBack (2014, Singapore), an online cashback service provider, raises $25M in undisclosed Series from Credit Saison.

Qlue raises funding
Qlue (2015, Jakarta), a mobile application for reporting neighbourhood complaints, raises an undisclosed amount in undisclosed Series from GDP Venture.

OnlinePajak raises funding
OnlinePajak (2013, Jakarta), a tax reporting application for SMEs, raises an undisclosed amount in Series A from Alpha JWC Ventures, and Sequoia Capital.

Smartkarma raises funding
Smartkarma (2014, Singapore), a collaborative marketplace for investment insights, raises $13.5M in Series B from Sequoia Capital, Wavemaker Partners, Jungle Ventures and Spring Seeds.

iPaymy raises funding
iPaymy (2015, Singapore), an online solution for rent payment, raises $1M in undisclosed Series from BEENEXT and Digital Garage Incubation.

Vincom Retail raises funding
Vincom Retail (1993, Hanoi), a real estate development and management company, raises $740M in undisclosed Series from GIC, Templeton, HSBC.

MOC raises funding
MOC (2016, Myanmar), an online publishing firm, raises an undisclosed amount of funding from local investor Aung So Tha.

SEA – RECENT DEVELOPMENTS

VinaCapital to deploy over $100M in PE deals
VinaCapital, Vietnam based asset management firm, plans to deploy over $100M in PE deals.

GHL Systems Berhad acquires 31.16% of MPOS Global for $3.3M
GHL Systems Berhad, a Malaysian payment solutions provider, acquires 31.16% of MPOS Global, a Vietnamese mobile point of sale services firm, for $3.3M.

Lakeshore acquires Aisance for $15.9M
Lakeshore, a Bangkok-based private equity firm, acquires Aisance, a Thailand-based middle market skincare company for $15.9M.

Sansiri invests $80M in six global startups including Standard International, Monocle, JustCo
Sansiri, Thailand based listed property developer, invests $80M in six global startups including Standard International, Monocle, JustCo.

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