The Milieu Insight raises US$5M
Crux: Singapore-based consumer research and analytics company has secured US$5 million in the latest financing round.
Investors: MassMutual Ventures (MMV) Southeast Asia, OSK Ventures International Berhad, and Genesis Alternative Ventures.
Plans: The firm intends to use the fresh funding to boost product development and speed up the creation of new SaaS-based consumer intelligence services. Besides, the company plans to broaden Milieu’s customer reach beyond Southeast Asia.
Also read: The struggle to maintain accurate consumer insights with the new consumer
About Milieu Insight: Founded in 2016, Milieu Insight connects businesses directly with their target audience for market research. The company offers clients four main products, including Milieu Surveys, Milieu Canvas, Milieu Portraits, Milieu Studies.
Milieu Surveys collects consumer opinion data on a variety of lifestyle subjects and sectors. Canvas provides enterprises with a variety of tools for gaining access to, evaluating, and displaying high-value and timely customer opinion data to aid in decision-making and planning. Consumer segmentation tool Milieu Portraits allows clients access consumer-centric behavioural insights through a subscription-based offering. Milieu Studies provides an on-demand survey platform allowing clients to launch research surveys and acquire study results.
Moduit receives US$4.5 million
The crux: Moduit Digital Indonesia, an integrated fintech wealth management company, has received US$4.5 million in a pre-Series A round.
Investors: Singapore’s Reciprocus Moduit Holding (lead), PT Alto Network (Indonesia), a subsidiary of the Djarum Group, also participated in this round.
Plans: Moduit will expand its platform to offer added curated wealth management products in addition to mutual funds and bonds
About Moduit: It is a digital private wealth management platform that provides a wide selection of curated investment products, including Indonesian mutual funds and bonds, registered under the Financial Services Authority (OJK). Founded in 2018 by Jeffry Lomanto and Charles Jap, Moduit has already obtained three licenses from the OJK and one license from the Ministry of Communication and Information to meet all regulatory requirements.
The Assembly Place raises US$4 million
The crux: The Assembly Place (TAP), a co-living tech startup headquartered in Singapore, has raised US$4 million
Investors: Low See Ching, deputy CEO of local property group Oxley Holdings; Kemmy Tan (CEO of M+S); Ismail Garfoor (CEO of PropNex Singapore); Wendy Tang (group MD of Knight Frank Singapore); Bruce Lye and Ken Low (managing partners of SRI); Shaun Poh (executive director of Capital Markets at Cushman and Wakefield); and Dennis Goh (executive chairman of Lyte Ventures) also participated.
Plans: With the new investment, The Assembly Place will develop and improve its mobile app.
Also read: Why Singapore becoming a tech hub is a great boost for the proptech sector
About TAP: Founded in 2019 by CEO Eugene Lim, The Assembly Place curates spaces in convenient locations for co-living with flexible leases, catering to younger outliers who prefer the short-term nature of leasing. It takes an asset-light approach, with 95 per cent of its properties (worth US$184 million) operating on a 5+5 year management contract. Last, four new buildings signed agreements with The Assembly Place.
The startup has expanded to 550 rooms across Singapore and aims to achieve the 1000-room mark by Q2 2022. Its accommodation supply is currently spreading across 16 purpose-built co-living assets.
Peddlr raised US$500K pre-seed funding
The crux: Filipino bookkeeping startup Peddlr has raised US$500,000 in an oversubscribed pre-seed round.
Investors: Foxmont Capital Partners, Paulo Campos (Zalora), Constantin Robertz (Locad), Lisa Gokongwei-backed Kaya Founders Investment SPV, Luis Sia (PayMongo), Aaron Kemmer (Magic), Richard Juan, and unnamed angels.
About Peddlr: Launched in July of 2021, it offers digital accounting/bookkeeping, inventory management, and digital storefront for Filipino micro and small enterprises. Its online storefront feature enables MSMEs to directly participate in the digital economy in just a few simple steps.
Plans: The funds will be utilised to accelerate user growth and further develop infrastructure ensuring stability and scalability to support user growth.
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Image Credit: The Assembly Place
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