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Insignia Ventures backs seed round of ex-Tokopedia exec’s parenting app Tentang Anak

Tentang anak_seed funding_news

Tentang Anak Co-Founders Dr Mesty Ariotedjo and Garri Juanda (R)

Tentak Anak, an all-in-one parenting platform in Indonesia, announced the completion of its undisclosed seed financing round with Insignia Ventures Partners and other angels.

The proceeds will be used to expand Tentang Anak’s team and expedite its content and services on its newly launched mobile app.

The startup also plans to add more verticals to transition to social commerce shortly.

Also read: The 27 Indonesian startups that have taken the ecosystem to next level this year

Tentang Anak was founded in 2020 by Harvard Business School alumnus Garri Juanda and paediatrician Dr Mesty Ariotedjo. Juanda previously oversaw Tokopedia’s marketplace, adtech, and logistics business verticals.

The startup provides access to highly-curated parenting knowledge from paediatricians, psychologists, child educators, financial planners, and obstetrician-gynaecologists. It then develops holistic science-backed products and services for children’s physical and mental development.

“Many parents in Indonesia do not have direct access to child growth experts,” said CEO Ariotedjo. “This inspired us to form an ecosystem that can bridge millions of parents in Indonesia to best in class experts in children growth.”

The company’s offerings include personalised child stimulation activities, nutritional menus, growth trackers, free consultations, and community engagement for parents on child development, especially for children from 0 to 5 years old.

“In Southeast Asia’s internet economy, we are seeing the rise of verticalised platforms and communities around specific needs of consumers,” said Yinglan Tan, Founding Managing Partner of Insignia Ventures Partners. “Parenting is one such area where we see the value of a verticalised platform.”

With around 26 per cent of the population of Indonesia being children in 2020, the next generation of Indonesian mothers has become a highly-connected and potentially lucrative consumer segment for brands, according to a report from Kantar. Management consulting firm Redseer also predicted that online demand will contribute up to 10 per cent of Indonesia’s mom and babycare sales by 2025. 

Image Credit: Tentang Anak

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Peddlr nets US$4.3M to provide inventory, bookkeeping solutions to Filipino SMEs

Peddlr_funding_news

Filipino inventory and business financial management startup Peddlr has secured US$4.3 million in a seed funding round, co-led by Patamar Capital and Crestone Venture Capital.

Existing investors Foxmont Capital Partners, Kaya Founders and new investors January Capital, 500 Southeast Asia, Nordstar, Vulpes Ventures, KDV Capital and 335 Fund, also co-invested.

The round also saw participation from a host of angels, including Summit Media President Lisa Gokongwei, Zalora Group CCO Giulio Xiloyannis, Zalora Group COO Rostin Javadi, Kippa Founder and CEO Kennedy Ekezie-Joseph, Antler Co-Founder Jussi Salovaara, Antler Indonesia Partner Subir Lohani, Antler Southeast Asia Associate Partner Markus Bruderer, and XA Network.

Peddlr will use the funds to expedite its user growth to reach one million micro and small businesses by end-2022. It will also ramp up the rollout of its new app features and digital products that would benefit its users, especially sari-sari stores (Filipino convenience stores) and other micro-entrepreneurs.

The round comes seven months after Peddlr’s US$500,000 pre-seed round closed in November 2021.

Also read: Startup survey reveals Philippines is ready to scale as fintech will emerge as top sector

Founded in 2020 by CEO Nel Laygo and COO Aiko Reyes, Peddlr develops a smart point-of-sale (POS) mobile app designed to help micro and small businesses manage inventory and simple bookkeeping as create digital storefronts.

Its digital — cash, credit, and payment — ledgers also enable merchants to increase cash flow visibility with auto-generated financial reports, replacing the traditional pen-and-paper sales recording, credit management, and manual inventory stock counting process.

Peddlr claims to have experienced organic exponential growth with around 350,000 downloads and 28,000 active Facebook group community members to date.

The Philippines recorded around 952,969 micro, small, and medium enterprises registered with the Department of Trade and Industry in 2020, accounting for 99.51 per cent of all registered businesses. However, these businesses, mostly located in rural areas, are said to underperform as they comprise only 36 per cent of value-added to the economy, noted on Word Economic Forum. Barriers include the poor internet infrastructure and digital skills, funding and policy gaps of these firms, among others.

Last November, Mynt, a startup providing financial solutions in mobile money, lending, and buy-now-pay-later, becomes the Philippines’s first fintech unicorn after a US$300 million financing round.

Image Credit: Peddlr

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Infina raises US$6M from YC, others to become ‘the Robinhood of Vietnam’

Infina-funding_news

Vietnam-focused retail investing app Infina today announced it has received US$6 million in seed funding from Sequoia Surge and Y Combinator.

Saison Capital, Starling Ventures, Alpha JWC, and AppWorks also co-invested, alongside other unnamed investors and the backers of Robinhood and Coinbase.

The round comes eight months after the startup raised US$2 million in an oversubscribed seed round.

The funds will be channelled towards scaling the team, improving the user experience, and serving the new investors better.

Infina was part of Surge’s sixth cohort.

Also read: Pocket power: 27 personal finance startups in SEA to help you manage money

Founded in 2021 by Silicon Valley engineer-turned-entrepreneur and investor James Vuong, Infina joins companies like Indonesia’s Ajaib, India’s Groww, and China’s Tiger to capture the burgeoning retail investing landscape in the region.

The app caters to young and first-time investors, aiming to democratise investing for everyone regardless of income group.

Infina enables users to choose from various asset classes, from fixed-income products to mutual funds and stock trading. Expensive investment products are fractionalised, allowing the users to invest in a diverse portfolio of assets with low minimum amounts. Infina claims to have achieved a growth rate of 64 per cent in funded accounts in 2021.

The firm is now expanding to allow users to invest with Infina via apps such as Tiki.

Vietnam now has over 4.3 million retail stock accounts, making up 4.4 per cent of the country’s population. More than 1.53 million new stock trading accounts were added in 2021, 1.5 times higher than the total of the previous four years. In addition, Vietnamese participating in the crypto and non-fungible token (NFT) market also reached a record high at an estimated 6 million people.

In Vietnam, Infina’s rivals include Anfin and Finhay. Last year, Ajaib, the ‘Robinhood of Indonesia’, and Mynt, a Philippines-based fintech startup providing solutions in mobile money, lending, and investing, became the region’s new unicorns.

Image Credit: Infina

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5 tech trends to fuel the green transition in 2022

Our starting point in developing the seventh edition of Telenor’s Tech Trends report was that technology and digitalisation could be positive forces in enabling a much-needed green shift in society.

Once we are through the present pandemic, our biggest challenge will be climate change and environmental degradation.

For us at Telenor, it is key to understand how technology can both avoid being part of the climate problem and help in the transition. Energy-efficient data centres, greenfluencers, climate micro-degrees and ‘short travelled data’ are among the trends we identified that will impact us in 2022 and beyond.

Here are ways we envisage technological and social progress in 2022 can enable green transformation:

Green clouds on the horizon

Global data traffic from mobile phones downloading content and sharing images, videos and messages is growing rapidly. Moving this data across the globe also takes a lot of electricity, and massive datacenters are energy guzzlers. More than 1 per cent of the worlds energy is consumed in this way.

With 5G, data centres are going local. We believe that energy-efficient edge data centres reachable from mobile devices over 5G networks will start popping up, at an increasing rate, in 2022. 

As a result, energy will also be saved in electricity and data distribution networks around the globe since part of the data traffic will be transferred locally only.

What’s perhaps even better is that small, local data centres can be built anywhere – in buildings, factories or shopping centres. They can be outfitted with solar cells when there is space, and in cold countries where heating rather than cooling buildings is the thing, excess heat from local data centers can be re-used.

Also Read: Sustainability: the new business reality

Big appetite for climate micro-degrees

In 2022, a growing number of businesses will implement green micro-degrees and courses as part of their ‘curriculum’ to quench the green knowledge thirst among employees.

Staff will become more eager to learn how to utilise digital technologies and innovations to help their employer is becoming more climate-friendly.

We believe that a confluence of factors will create a growing demand for climate and ‘green’ micro-degrees. The economy has to transition to sustainability which will mean more jobs with green technology and revamped processes in all industries to reduce CO2 and environmental impact.

This means that new jobs will be created and that old jobs will get new content, and this requires upskilling. Businesses that fail to facilitate opportunities to acquire green online learning credentials “on-the-job” risk being perceived as less attractive in the eyes of new talent.

Optimise everything

Computers, phones, and connected devices consuming electricity and emitting carbon dioxide now outnumber humans by four, and in the future, they will become even more dominant. Since transforming our energy supply will take time, we need to optimise everything – not least the use of energy by our devices.

A race is on to make every electronic device as energy-efficient as possible. In the future, we expect to see more companies put enormous sums of money on the table to acquire the knowledge and assets needed to come out on top of the optimisation battle.

A lot can be done in software and when building AI Models. Significant work is going into what is called ‘tiny machine learning.’ Here the objective is to run, for example, image recognition on small computers, less powerful than a mobile phone, for the internet of things.

New tools are also appearing. Apple and Google have energy measurement integrated with the developer environments they offer, and websites appear that attempt to measure the CO2 impact of your own. As always, to get to a better place, you need to know where you are starting from.

Also Read: Why sustainable power starts with data

Here comes the greenfluencers

Green activism through social media will surge, especially amongst the young, in the wake of what they perceive as yet another failed attempt by elderly politicians to take necessary actions to reach the goals of the Paris agreement.

An undergrowth of climate aware influencers and activists has emerged across niches on social media, and we believe the influencer universe’s established elite will duly notice their growing follower bases.

Influencers who appear oblivious or indifferent to climate challenges will be perceived as outdated. Instead, followers will flock to influencers who demonstrate climate awareness regardless of niche. Marketers will turn their attention in the same direction.

Don’t lose out on the ‘lost generation’

A new generation of employees is entering the workforce. Their expectations for work-life might diverge from the reality that hits them. Companies that don’t take the next generation’s expectations seriously risk facing great resignation.

The home office is here to stay, but despite the positive climate impact from reduced travel, working from home could turn out to be a bigger organisational challenge than lockdowns were.

Young people want to make a difference at the companies they join. But to be fully able to contribute to the development of their organisations, they first need to establish and grow a personal network as well as acquire a general understanding of the corporate culture.

Forming new social relations using only digital communication is much more challenging. More experienced employees, on the other hand, are having a much less troublesome transition due to already established personal networks and greater cultural understanding.

As a consequence, many companies will find that large groups of young employees who never got a proper onboarding are likely to struggle. And in 2022 their numbers could grow beyond what is manageable – unless good leadership is exercised.

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Image credit: violetkaipa

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Meet the 26 innovators pitching on JETRO x Techstars pitch day

JETRO x Techstars

In its latest move to connect local startups to the global market, the Japan External Trade Organisation (JETRO) introduces about a hundred up-and-coming businesses in diverse fields, ranging from retail and hospitality to machine learning. Under its Startup City Acceleration Program, JETRO has teamed up with the international support network of Techstars, among six other accelerators, to grow the potential of participating startups.

Connecting startups through the Founder Catalyst Programme

Techstars’ Founder Catalyst programme is one of the features of the Startup City Acceleration Program where 26 startups were chosen and grouped into two cohorts—General and Cleantech. The Founder Catalyst programme offers a big opportunity for early-stage businesses to showcase their services and products, and gain insight on how to enter global conversations in their respective fields.

Also read: Regional insurtech Igloo’s AI-driven capabilities drive customised products and seamless customer experience

A diverse range of businesses in each cohort

Fifteen of the 26 startups belong to the General cohort of the Founder Catalyst programme, while 11 are in Cleantech. The startups involved in the Cleantech cohort work in the fields of Climate Tech, Cleantech, energy, green-tech, materials, and sustainability. On the other hand, those involved in the General or Global Scale cohort will feature startups from broader sectors in various stages.

What to expect

From October 2021 to February 2022, the 26 startups participating in the Founder Catalyst programme will be mentored and trained to further assimilate them into a larger network of startups worldwide. The programme’s demo days on the afternoon of March 3rd and 10th present each startup’s expertise to international investors. This year’s demo days will be held virtually on Zoom. Each startup is given 4 minutes to present their pitch, after which, they can start networking with potential partners and investors.

The startups selected from the pool of early-stage businesses for the Founder Catalyst programme cohorts have some of the best potential, and it is exciting to see what they have in store for the culmination of their training. To give an overview of what each business does, here’s a quick rundown of their profiles:

Cleantech Cohort

  1. Aonbarr Inc. – Founded by Shigetoshi Sakurai, who also acts as the company’s CEO, Aonbarr uses the magnesium collected in seawater to produce hydrogen. The company focuses mainly in the energy sector and is still at the pre-seed stages.
  1. Acoustic Innovations Co., Ltd. – As part of the Autotech industry, Acoustic Innovations seeks to transform the driving experience by minimising noise in vehicles through vibration absorption technology. Apart from convenience, the business also highlights the effects of its services as possibly improving vehicle safety and prolonging the vehicle’s performance.
  1. PJP Eye Ltd. – The business offers sustainable energy solutions by producing plant-based carbon batteries, called “Cambrian.” Such sustainable solutions will hopefully aid in the movement against climate change.
  1. Water Design Japan – Water Design Japan makes use of UFB Dual technology, or technology that expedites cleaning, ensuring a mess-free and cost-saving process. The business is primarily in the Cleantech and sustainability sectors.
  1. Hair Clinic Reve-21 Co., Ltd. – Hair Clinic Reve-21 offers everything to do with hair care, but also goes beyond this to tackle issues of water purification and other health and Cleantech concerns.
  1. Kyoto Fusioneering – Under the Cleantech and energy industries, Kyoto Fusioneering develops advanced technologies for commercial fusion reactors to produce tritium production and generate power.
  1. Fermenstation – Focusing on sustainability, Fermenstation makes use of unused resources to produce functional cosmetic ingredients, animal feed, and fertilizer. The company is headed by its CEO, Lina Sakai and is currently at the Series A stage.
  1. AC Biode – Two of the business products have already been mainstreamed in the market. These are CircuLite, which upcycles ash into antibacterial materials, and TRL9, which mainly focuses on waterless composting toilets. AC Biode has already sold around 3,000 of its waterless toilets in Asia.
  1. Welltree inc. – Welltree’s biotechnology aims to deliver efficient service to users, particularly those in the healthcare industry. Welltree also expands its expertise to the wellness industries by allowing users to check their biome and order products from a centralized app.
  1. Fast Space inc. – Fast Space addresses the cost-efficiency of wind turbines. Providing high-rise lightweight towers for wind turbines, the company is currently at the pre-seed stage and focuses on the energy sector.
  1. C’s Techno Inc. – This energy-focused startup is breaking barriers in the production of graphene-based materials. Through its innovations, the company has great potential to transform the field of electronics, particularly its use of graphene materials.

Also read: Japanese aerial-tech startup Aerosense bullish on opportunities in Southeast Asia

Global Cohort

  1. Onikle Inc. – Onikle has developed a search platform of the same name, offering easy access to aspiring Computer Science researchers. The search platform, built on Artificial Intelligence, will find papers, allow researchers to organize them in a library, and share these within their scientific community.
  1. Vox Japan – The retail company Vox offers a personalized vending machine that gives easy access to daily essentials. The service allows retailers to install these products in customers’ homes for all-day access.
  1. ListenField – ListenField aims to improve farming productivity with its crop modelling technology. Through constant monitoring of soil and climate conditions, the business technology will hopefully increase agricultural production and promote collaboration among all stakeholders.
  1. Wayfarer – The hospitality industry could possibly see fewer costs and more efficient, decentralized operations through automation with Wayfarer. The company caters to hotel owners whose aim is to streamline their hotel management brand.
  1. Tablecross Inc. – Tablecorss’ byFood is a food entertainment platform that promotes global connections through its bilingual offers. While the company started out as a food booking platform donating meals to schools, byFood has since grown in the travel and food industry.
  1. IDDK Co., Ltd. – Developing a one-chip observation technology, IDDK focuses on developing microscopic observation devices for the technology industry.
  1. Kyoto Meditation Center Co., Ltd. – The company’s SanZen application mixes Zen practice alongside the demands of everyday work. The app lets users enjoy short meditations while simulating a peaceful experience through relaxing videos.
  1. Citadel AI Inc. – Citadel AI ensures users in the machine learning sector that their Artificial Intelligence operates at optimal performance. The company provides monitoring, testing, and governance tools to help users oversee the development of their own technology.
  1. yocto Co.,Ltd – yocto aims for digital transformation in the wellness industry through the use of IoT technologies.
  1. Cellid, Inc. – Cellid aims to improve UX by developing display modules using Artificial Intelligence and nanotechnology. The company is focused on the AR industry and is currently in the Series A stage.
  1. Canaan Advisors, Inc. – ZeniHub is the company’s real estate investment platform. The platform allows real estate properties in emerging economies accessible and affordable for potential investors.
  1. Isha Health – The business connects patients with care providers through its chatbot concierge. The platform allows users to have the best experience and be matched with the most appropriate care provider using digital health.
  1. Younode, Inc. – With its PULP platform, Younode will allow users to share their music and discover new tracks organically. In this way, the business aims to provide a more collaborative form of social networking.
  1. RUN.EDGE Limited – The business makes use of sports technology to provide a more interactive experience for users. Using its PITCHBASE and FL-UX for professional basketball and field sports respectively, the company has just concluded fundraising of pre-series B.
  1. Archelis Inc. – Archelis offers a glimpse at the future of work through its development of an exoskeleton suit for workers and professionals who engage in work that requires standing for long hours. The business aims to address the strains that standing work entails.

Also read: Innovation and collaboration will lead Malaysia’s digital health scene into the future

Those interested in getting to know each startup better and hearing their pitch can register for the Clean Tech Pitch Day and  Global Scale Pitch Day.

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This article is produced by the e27 team, sponsored by Techstars

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