The week that just passed saw half a dozen Southeast Asian startups raise funding. Over a dozen investors — regional and foreign — invested in various companies. Of these, about five were e27 Connect investors (investors who have been verified by us and have agreed to get connected).
Below is a snapshot into the five Connect investors:
Jungle Ventures
Jungle Ventures is a Singapore-based VC firm that invests in and helps build tech category leaders from Asia. It invests in early and growth-stage companies.
The focus verticals are consumer, enterprise solution, finance, and SaaS.
It invests across Singapore, Indonesia, India, Malaysia, Thailand, and Vietnam across pre-Series A/bridge, Series A, Series B, Series C, and above.
The investment range is US$1M to US$15M.
Its portfolio includes Livspace, Kredivo, Reddoorz, Sociolla, and Waresix.
Last week, it participated in the investments of Evermos and Builder.AI
Kakao Investment
A Korea-based investor, it invests seed to Series B stages. The focus verticlas are AI, Big Data, consumer, e-commerce, entertainment, gaming, hardware, ICT, IoT, marketplace, mobile, robotics, SaaS, and VR.
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Its notable portfolio firms are Watcha (Netflix of Korea), Dunamu (operator of Upbit), Lunit (CB Insights Top 100 AI Startup), and Daangn Market, among others.
Last week, it joined Singapore-based avatar communications company GoodGang Labs’s US$2 million seed round.
AC Ventures
AC Ventures is an early-stage technology fund formed through the merger of leading VC firms Agaeti Venture Capital and Convergence Ventures.
It invests across angel/pre-seed, seed, pre-Series A/bridge, and Series A in companies of all verticals.
Saison Capital
Saison Capital is the Singapore-based venture arm of Credit Saison, one of Japan largest consumer credit companies. It invests in seed to Series A companies across Southeast Asia and India. Although the mandate of the fund is sector agnostic, it likes to work with founders that are building platforms or ecosystems that have the potential to distribute financial services to the underbanked.
Last week, Saison and AC Ventures invested in the US$4 million seed funding round of SkorLife, a fintech company allowing users to access their credit scores and reports instantly from Indonesia’s credit bureaus.
Touchstone Partners
Touchstone Partners is a Vietnam-focused VC firm. Its current investment areas include fintech, real estate, health-tech, and edutech. Touchstone’s investment capital comes from Pavilion Capital, Cercano Management, and several major governmental and private financial institutions in the region and the world.
Last week, Touchstone Partners, along with Singapore-based Clime Capital, invested in the US$2 million seed financing round of Stride, a cleantech company in Vietnam.
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