This month, we witnessed the birth of a second unicorn in Singapore through a funding round for Trax
We have published a list of startups that have announced a seed funding round in July, so this time we are looking at startups that have announced their Series A funding round –and beyond.
The most exciting part is that this month we witnessed the birth of a second unicorn in Singapore through a US$100 million Series D funding round for Trax.
Apart from Trax, existing Southeast Asian unicorns such as Grab and gojek are also battling it out with the announcement of new investments, as part of their ongoing funding rounds. Both companies have been trying to expand their offerings beyond ride-hailing and other on-demand services by entering the fintech scene.
Check out this list of companies that have raised their funding rounds this month:
Grab
Stage: Series H (ongoing)
Amount: Undisclosed
Investors: Experian
As part of Grab’s ongoing Series H funding round, the investment also opens a partnership in which Experian and Grab will see the use of technology and data analytics to support Grab’s customised offerings for its users. Grab’s other investor SoftBank Group has also announced its commitment to invest another US$2 billion in the company.
Waresix
Stage: Series A
Amount: US$14.5 million
Investors: EV Growth, SMDV, Jungle Ventures
Indonesian logistics tech startup Waresix plans to use the funding to expand its land transportation service and further strengthen its warehousing network to second-tier cities.
Kredivo
Stage: Series C
Amount: Undisclosed
Investors: Telkomsel Mitra Inovasi (TMI), MDI Ventures
Digital credit platform Kredivo has been supporting payment transaction for big players in e-commerce, such as Tokopedia, BukaLapak, Shopee, and digital cashier system Moka.
Ritase
Stage: Series A
Amount: US$8.5 million
Investors: Golden Gate Ventures, Jafco Asia, ZWC Ventures, Insignia Ventures, Beenext, and Skystar Capital
Indonesian trucking services platform Ritase plans to use the funding to focus on growth and new market expansion.
GoComet
Stage: Series A
Amount: US$2.2 million
Investors: Leo Capital, SGInnovate, August One, India Quotient.
Singapore-headquartered logistics management SaaS platform GoComet said that its platform has processed more than 19,680 tonnes of air freight, and 84,000 containers, estimated to have saved over S$27 million (US$20 million) for its customers.
Also Read: 5 leading Indonesian growth stage startups (that aren’t Go-Jek or Tokopedia)
Singapore Life Pte. Ltd.
Stage: Unknown
Amount: US$90 million
Investors: Sumitomo Life Insurance Company
A wealth technology and life insurance company, this investment brings Singapore Life’s total funding to date to US$153 million.
igloohome
Stage: Series B
Amount: US$15 million
Investors: Insignia Ventures Partners, Wavemaker Partners, SEEDS Capital, Kickstart Ventures, TH Capital, Pine Venture Partners, On Asset Management, InnoVen Capital, Singtel Innov8 and Great Noble International
With this round, igloohome has also announced the official launch of iglooworks, a suite of smart access solutions for enterprise customers, primarily in the real estate and infrastructure sectors.
One BioMed
Stage: Series A
Amount: US$5 million
Investors: Biopath Ventures, ARCH Venture Partners, SEEDS Capital
Singapore-based medical diagnostics company One BioMed said that it will use the fund to commercialise its first product.
theAsianparent
Stage: Series C
Amount: “eight-figure US dollars”
Investors: Fosun, JD.com, ATM Capital, Redbadge Pacific, Global Grand Leisure, WHG Capital
Parenting community and content platform theAsianparent plans to use the new funding to support expansion in Asia and Africa, as well as accelerate plans to further develop its recently-launched mobile app.
Ezyhaul
Stage: Series C
Amount: US$16 million
Investors: Undisclosed
Singapore-headquartered logistics tech startup Ezyhaul will use the investment to expand to new markets in South Asia as well as to drive further technological innovation to offer a plug-and-play model for its clients through its online platform.
Also Read: 5 growth stage startups that are leaders in Thailand’s ecosystem
Bambu
Stage: Series B
Amount: US$10 million
Investors: Franklin Templeton, PEAK6 Strategic Capital
Singapore-based fintech startup Bambu looks to reach to a wider B2B audience with the funding.
StashAway
Stage: Series B
Amount: US$12 million
Investors: Eight Roads Ventures, Asia Capital & Advisors
The funding round has brought the robo-advisor platform’s total funds raised to date to US$20.4 million.
RedDoorz
Stage: Series B
Amount: US$45 million
Investors: Qiming Venture Partners, Jungle Ventures, MNC Group, Hendale Capital, International Finance Corporation, and Susquehanna International Group (SIG)
Hotel management and booking platform RedDoorz intends to use the new amounts to aggressively pursue growth strategies to become a prominent player in the region
Ralali
Stage: Series C
Amount: US$13 million
Investors: Arbor Ventures, TNB Aura, Jo Hirao, AddVentures, Qualgro
Indonesian B2B marketplace Ralali plans to enter Thailand in collaboration with Siam Cement Group.
Halodoc
Stage: Series B+
Amount: Undisclosed
Investors: Bill & Melinda Gates Foundation, Prudential Life Insurance, and Allianz X
The fresh investment brings Halodoc’s total funding raised so far to US$100 million.
Also Read: These 5 growth-stage startups bucked the trend to create own brand in Malaysia
Nutrition Technologies
Stage: Series A
Amount: Undisclosed
Investors: Openspace Ventures, SEEDS Capital
The proceedings from this round will go into establishing an insect protein production facility in Southeast Asia.
Hmlet
Stage: Series A
Amount: Undisclosed
Investors: Burda Principal Investments, Sequoia India, Mitsubishi Estate Co, Reinventure Group, angel investors
Hmlet said the funds will be used to further fulfil the demand for “affordable, flexible, and secure housing” across the company’s existing markets.
Trax
Stage: Series D
Amount: US$100 million
Investors: HOPU Investments
With this round, Singapore-based Trax has become the second-only startup from the country after ride-hailing giant Grab to enter the coveted Unicorn club.
aCommerce
Stage: Series C
Amount: US$10 million
Investors: KKR & Co, Emerald Media, Blue Sky, DKSH Holding AG, and Sinar Mas
aCommerce said it will use the funding to drive expansion and stay on course for its 2020’s IPO plan.
iflix
Stage: Unknown
Amount: US$50+ million
Investors: Fidelity International, Catcha Group, Hearst, Sky and EMC.
The money from the new round will be used to drive growth ahead of a prospective IPO.
soCash
Stage: Series B
Amount: US$6 million
Investors: Glory Ltd., SC Ventures, Vertex Ventures
soCash will use the funds to grow its distribution network in order to improve the accessibility and convenience of banking services in Indonesia, Malaysia and Hong Kong.
Near
Stage: Series D
Amount: US$100 million
Investors: Greater Pacific Capital (GPC)
Singapore-based AI-powered platform Near wants to use the new funding to launch a suite of new data products.
gojek
Stage: Series F (ongoing)
Amount: US$100 million
Investors: Visa, Siam Commercial Bank (SCB), three Mitsubishi units
This round will support the acceleration of Go-Jek’s payment service Go-Pay across Southeast Asia.
—
Image Credit: Annie Spratt on Unsplash
The post Series A and beyond: A list of companies announcing their funding round in July appeared first on e27.