There is a common theme that late-stage funding rounds in November shared with the early-stage funding rounds: There was a great variety of verticals being involved that it was almost difficult to pinpoint a dominating theme.

There was a media company that was looking to foray into commerce, an AI company that looks to expand beyond its existing digital marketing offering, and even a major e-commerce group adding extra fuel to a platform that they have invested before.

Amartha
Funding: Undisclosed
Investor(s): LINE Ventures, Bamboo Capital Partners, UOB Venture Management

In addition to the funding news, November was also an exciting month for Amartha as its CEO and Founder Andi Taufan Garuda Putra was also named as special presidential staff for Indonesia’s President Joko Widodo.

Appier
Funding: US$80 million in Series D
Investor(s): TGVest Capital, HOPU-Arm Innovation Fund, Temasek’s Pavilion Capital, Insignia Venture Partners, JAFCO Investment and UMC Capital

Appier said that the new funding will be used to support global market expansion, talent acquisition, and innovation in AI for new industries beyond digital marketing.

Also Read: In October, these 10 later stage funding rounds are taking things to a new height

2C2P
Funding: US$52 million
Investor(s): IFC, Cento Ventures, Arbor Ventures

The company said that it will use the funding to accelerate the company’s growth by investing in new technologies to enhance its payments platform, hiring local talent, and consolidating market share in Southeast Asia with a goal to expand beyond the region over the next year.

HarukaEdu
Funding: Undisclosed
Investor(s): SIG, AppWorks, GDP Venture, and Gunung Sewu Kencana

The company said that it will use the fresh funds from the new round to support the expansion into B2B services through its corporate online training platform as well as backing up its lifelong learning platform Pintaria, aimed at helping Indonesian working adults to upskill and reskill.

Travelio
Funding: US$18 million in Series B
Investor(s): Pavilion Capital, Gobi Partners (co-lead)

Travelio will use the funding to “solidify its leadership position and further accelerate its growth”. It plans to invest in marketing, talent, and development of new product verticals to better serve tenants and property owners throughout the life cycle.

Frontier Car Group
Funding: US$400 million
Investor(s): OLX Group

With this plan, OLX Group officially became the largest stockholder in the company.

Workmate
Funding: US$5.2 million in Series A
Investor(s): Atlas Ventures, Gobi Partners, Beacon Venture Capital

The company said that the fresh funds will be used to increase investment in sales, grow the technology team, and expand to new cities.

Also Read: No, Singapore seed stage is not dead

Lend East
Funding: US$50 million in debt capital
Investor(s): Unnamed family offices and credit funds in the US, Singapore and India

The startup has already “received its first cheque” and looks to close the round by Q3 2020. It plans to use the funds for onward lending to borrowing platforms.

POPS Worldwide
Funding: US$30 million
Investor(s): Mirae Asset-Naver Asia Growth Fund Investment Pte.Ltd, Eastbridge Partners Pte.Ltd

Along with the funding, the company also announces the launch of the POPS App, which the company said will deliver free high-quality premium content and original series, shows, and videos from music, entertainment, and kids.

theAsianparent
Funding: “seven-figure” Series C
Investor(s): Mirae Asset Financial Group and NAVER Corporation

The latest funding will be utilised to further implement theAsianparent’s diversification strategy, which entails expanding its foray into the commerce business.

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