The most exciting part about writing early stage funding announcement is seeing the variety of startups that are being invested in. But this month, the excitement doubled as we also begin to see a wider variety of investors getting into the market.
Legalku
Funding: Undisclosed seed funding round
Investor(s): UMG Idealab
Founded in December 2017, Legalku runs two business lines: An on-demand legal consultation service for medium- and small-enterprises (MSMEs) and a SaaS platform for legal practitioners.
Kopi Kenangan
Funding: Series A extension
Investor(s): Arrive, Serena Ventures, Sequoia India, Chris LeVert, Jonathan Neman
With this Series A extension, Kopi Kenangan said it plans to add more than 1,000 new stores over the next two years and expand across Southeast Asia.
Telio
Funding: US$25 million in Series A
Investor(s): Tiger Global, Sequoia India, GGV Capital, and RTP Global
Telio connects small retailers with brands and wholesalers on a centralised platform that provides them with more choices, more affordable pricing, and more efficient logistics.
Bambooloo
Funding: Undisclosed seed funding
Inevstor(s): Angel investors from US and Singapore
The startup will use the funding to expand Bambooloo in the domestic market and also overseas. It also plans to create additional marketing and brand licensing support materials as well as perform talent acquisitions.
Glee Trees
Funding: Undisclosed funding
Investor(s): 500 Startups
Robotic Process Automation startup Glee Trees plans to use part of the new fund to enhance capabilities such as a document-extraction feature that can read documents in multiple Asian languages, including Chinese and Indonesian.
Sleek
Funding: US$5 million in seed funding
Investor(s): MI8, Pierre Lorinet, Fabio Blom
In addition to supporting its expansion to Hong Kong, Sleek plans to use the new funds to expand its tech team, develop new features, and increase its operational capability.
Intrepid Group
Funding: Undisclosed Series A
Investor(s): Kairous Capital, Sun SEA Capital, 500 Startups Vietnam
Founded by ex-Lazada’s co-founders, Intrepid Group offers brands one-stop-shop access to Southeast Asia’s e-commerce.
Sunday
Funding: US$11 million in Series A
Investor(s): Quona Capital, Vertex Holdings
The company said that it will use the new funding to enable Sunday to expand its business and build enhancements to its proprietary core technology, which utilises machine learning to price premiums for health, motor, and travel insurance in real-time.
Neuron Mobility
Funding: US$18.5 million in Series A
Investor(s): GSR Ventures, Square Peg Capital
The company will use the fresh capital to accelerate its Australian and New Zealand roadmap, its foray into other Asia Pacific markets, and further development of its technology.
Ezay
Funding: Undisclosed seed funding
Investor(s): EME Myanmar, undisclosed angel investor
Founded in August 2019 by former Oway employee Kyaw Min Swe, Ezay provides a mobile platform that connects rural ‘mom-and-pop’ shops with wholesalers.
Also Read: Indonesian legal tech startup Legalku raises seed funding from UMG Idealab
Interloan
Funding: US$500,000 in seed funding
Investor(s): Phoenix Holdings
Interloan is one of the winners of Fintech Challenge Vietnam 2019, which was organised recently by the State Bank of Vietnam.
Evermos
Funding: US$8.25 million in Series A
Investor(s): Jungle Ventures, Shunwei Capital, Alpha JWC Ventures
Founded in November 2018, the Evermos platform focuses on bringing the everyday needs of Muslims by providing halal products in various verticals, including fashion, food, cosmetics and home and business opportunities that comply with Sharia laws.
Populix
Funding: US$1 million in seed funding
Investor(s): Intudo Ventures, Gobi Agung, Pegasus Tech Ventures
With this round of financing, Populix aims to develop new product features to provide more dynamic and in-depth insights to clients, ramp up marketing efforts to build awareness and attract more respondents to use the platform, and bring on new employees to help the company scale.
TADA
Funding: US$5 million in Series A
Investor(s): SV Investment, Central, SIMWON
The financing will be used to fund the company continued expansion within its existing markets and the development of the mobility ecosystem built on MVL’s blockchain protocol.
Komunal
Funding: Undisclosed seed funding
Investor(s): East Ventures, Skystar Capital
The company said that the investment will be used to accelerate Komunal’s mission to bridge the funding gap much-needed by the growing population of underbanked Micro Small Medium Enterprises (MSMEs) in Indonesia.
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