A weekly newsletter summarizing recent activity and interesting startups in South East Asia.
INTERESTING COMPANIES FOUND
LIQUID (2017, Singapore) – Multi-market currency exchange platform. Global Comparables include Kraken (2011, San Francisco, $5M) and Bitflyer (2014, Tokyo, $33.8M).
Aelf (2017, Singapore) – Decentralized cloud computing network. Global Comparables include Golem (2015, Poland, $8.6M) and Storj (2014, Atlanta, $5.51M).
SEA – FUNDING UPDATES
Dah Makan raises funding
Dah Makan (2014, Kuala Lumpur), a food delivery startup, raises $2.6M in pre-Series A round from YCombinator, Texas Atlantic Capital, Atami Capital, and a former founder of PE Fund APAX Partners.
FundPlaces raises funding
FundPlaces (2015, Singapore), an online platform to access real estate investment opportunities, raises $1.5M in Seed funding from Global Yellow Pages
Novena Lifecare raises funding
Novena Lifecare (2010, Singapore), a healthcare and medical aesthetics company, raises an undisclosed amount of funding from Huarong Group.
SEA – RECENT DEVELOPMENTS
The News Lens acquires INSIDE
The News Lens, a Chinese-language news site, acquires INSIDE, a Taiwan-based startup and technology news portal, for an undisclosed amount.
Plug and Play Indonesia first batch startups raise $1M follow-on funding
Plug and Play Indonesia first batch startups raise $1M follow-on funding.
Mecapan launches equity crowdfunding campaign on Ata Plus
Mecapan, a startup offering digital solutions for salons and beauty treatment providers in Indonesia, launches equity crowdfunding campaign on Ata Plus.
Brilio launches credit card comparison platform
Brilio, an Indonesia based millennial-focussed news portal, launches credit card comparison platform.
DokterSiaga launches hospital directory chatbot
DokterSiaga, a Jakarta based Medtech startup connecting doctors and patients, launches hospital directory chatbot.
Vickers Venture Partners plans $500M fund targeting biotech, AI
Vickers Venture Partners, a Singapore based venture capital firm focused on angel investments, plans $500M fund targeting biotech, and AI.
mu Space plans to raise over $9.2M
mu Space Corp, a Thailand based first space technology startup, plans to raise over $9.2M for business development and expansion.