Tracxn - Geo Monthly Report - Southeast Asia Tech - Feb 2022

TRACXN MONTHLY REPORT
FEBRUARY 2022
SEA TECH

Southeast Asia Tech - February 2022 Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Contents
2
SEA Tech Snapshot 3
Investment Snapshot 4
List of Funding Rounds 5
New Investors 13
Top Funded Business Models - last 1 year 15
New Analyst Picks 16
Acquisitions 22
Recent News 24

SEA Tech Snapshot – February 2022
SEA Tech: Snapshot – February 2022
Note : "Investors" refers to "Institutional Investors" only
3
$1.1B
23
Overall Geo Stats
20
12
210
54
68
Funding Rounds $ Invested Analyst Picks
Akulaku Upgraded
to UNICORN
New Investors
Bharti Airtel
JAM Fund
Series A+ rounds Active Investors IPOs Acquisitions
Liquid Group
Liquid
Top Funding Rounds Top Markets Top Investors Top Cities
Monthly Leader Board
Singapore
(35 Rounds, $754M)
Jakarta
(15 Rounds, $178M)
Manila
(2 Rounds, $33.5M)
Bangkok
(2 Rounds, $1.9M)
$144M - Series C
Modalku (2016, Jakarta, $145M)
$144M - Series C
Funding Societies (2015, Singapore,
$217M)
$131M - Series B
TONIK (2018, Singapore, $175M)
$100M - Series A
Next Gen Foods (2020, Singapore, $132M)
Beenext
(6 Investments)
Global Founders Capital
(6 Investments)
ACVentures
(6 Investments)
Sequoia Capital
(5 Investments)
Alternative Lending
Funding Societies
Road Transport Tech
MVL Foundation
Banking Tech
TONIK
Payments
Spenmo
Market Size
Companies Covered 32,528
Funded Companies 4,735
Total Funding $62.8B
Funding in last 12 months $21.5B
Top Exits
IPOs 110
Acquisitions 494
Company Stage
Unicorns 30
Soonicorns 121
Minicorns 452
Editor Picks 2,382
Series A+ 973
Series C+ 169
Acqui-Hires 16
Deadpooled 4,342
Top Cities
Singapore (2,272 Rounds, $31.5B)
Jakarta (769 Rounds, $19.9B)
Top Investors
East Ventures (149 Investments)
500 Durians (106 Investments)

Investment Snapshot
Investment Snapshot of SEA Tech as of February 2022
SEA Tech: Investment Snapshot
4
# Rounds
$ Funding
Investment Trend Top Investments (February 2022)*
Modalku
(2016, Jakarta, $145M)
$144M - Series C SoftBank Vision Fund
Funding Societies
(2015, Singapore, $217M)
$144M - Series C SoftBank Vision Fund
TONIK
$131M - Series B Mizuho Bank
Next Gen Foods
$100M - Series A EDBI
MVL Foundation
$100M - Series C
Beam
$93.0M - Series B Affirma Capital
Spenmo
$85.3M - Series B Tiger Global Management
PDAX
(2017, Makati, $62.5M)
$50.0M - Series B Tiger Global Management
PayMongo
(2019, Manila, $46.0M)
$31.0M - Series B JAM Fund
Reebelo
(2019, Singapore, $21.3M)
$20.0M - Series A Cathay Innovation
Salad
(2012, , $15.5M)
$13.5M - Series A Winklevoss Capital
*Shows only the lead Investors

List of Funding Rounds (1/8)
List of Funding Rounds in SEA Tech in February 2022
SEA Tech: List of Funding Rounds
Note: Seed Stage (Seed, Angel), Early Stage (Series A, Series B), Late Stage (Series C+), PE
5
LATE STAGE
$3.0M - Series D
NIUM (2002, Singapore, $300.0M)
Cross-border money transfer solutions for businesses
Operator Stack, Arjun Sethi, Lachlan Groom
LATE STAGE
$100.0M - Series C
MVL Foundation (2018, Singapore, $125.0M)
Blockchain-based mobility solutions provider
LATE STAGE
$144.0M - Series C
Funding Societies (2015, Singapore, $216.5M)
Largest SME digital financing platform in Southeast
Asia.
SoftBank Vision Fund, Indies Capital Partners, EDBI,
Ascend Vietnam Ventures, K3 Ventures, and 4 more
LATE STAGE
$144.0M - Series C
Modalku (2016, Jakarta, $145.2M)
P2P marketplace for business loans
SoftBank Vision Fund, K3 Ventures, VNG, Rapyd, Indies
Capital Partners, and 2 more
EARLY STAGE
$125.0K - Series A
CrediBook (2019, Jakarta, $1.6M)
Debt management software for consumers and
businesses
Y Combinator
EARLY STAGE
$4.0M - Series A
Eximku (2016, Jakarta, $5.5M)
Platform for B2B cross-border logistics facilitating
import-export
Intudo Ventures, Beenext, CAS Group
EARLY STAGE
$5.0M - Series A
Potato Play (2018, Singapore, $7.3M)
Mobile game developer and publisher specializing in
casual games
Atlas Venture, Play Ventures, Beenext, Everblue
Management
EARLY STAGE
$6.2M - Series B
6Estates (2014, Singapore, $6.2M)
Digital intelligence and analytics platform
Sinar Mas, Farquhar Venture Capital, Seeds Capital
EARLY STAGE
$6.7M - Series A
Vizzio (2019, Singapore, $6.7M)
Provider of a 3D mapping platform

6
EARLY STAGE
$7.0M - Series A
Appboxo (2019, Singapore, $8.1M)
Provider of white-lable app store solutions
RTP Ventures, Antler, 500 Global, Gradient Ventures,
SciFi, and 2 more
EARLY STAGE
$7.0M - Series A
GoComet (2016, Singapore, $9.5M)
Provider of AI-based freight management software
Rider Global, Atlas Venture, Jetty Ventures, Rebright
Partners, Krishna Capital & Securities, and 1 more
EARLY STAGE
$8.4M - Series B
Hubble (2016, Singapore, $8.4M)
Cloud-based project management platform for
construction professionals
Taronga, Kajima Ventures, Seeds Capital, Tin Men,
EARLY STAGE
$13.5M - Series A
Salad (2012, , $15.5M)
Developer of PC and console-based casual games
Winklevoss Capital, Gemini, Foundation Capital,
Crossbeam, C2 Ventures, and 2 more
EARLY STAGE
$20.0M - Series A
Reebelo (2019, Singapore, $21.3M)
Online marketplace platform offering refurbished
consumer electronics
Cathay Innovation, June Fund, French Partners, Antler,
KREAM, and 5 more
EARLY STAGE
$31.0M - Series B
PayMongo (2019, Manila, $46.0M)
Payment acceptance solutions for businesses
JAM Fund, ICCP Venture Partners, Kaya Founders,
Global Founders Capital, Soma Capital
EARLY STAGE
$50.0M - Series B
PDAX (2017, Makati, $62.5M)
Online exchange platform for cryptocurrencies
Tiger Global Management, DG Daiwa Ventures,
Cadenza, Jump Capital, UBX, and 5 more
EARLY STAGE
$85.3M - Series B
Spenmo (2019, Singapore, $121.3M)
Cloud-based corporate cards and expense
management solutions
Tiger Global Management, Rocket Internet, Insight
Partners, Global Founders Capital, Alpha JWC Ventures
EARLY STAGE
$93.0M - Series B
Beam (2018, Singapore, $135.0M)
App-based electric kick-scooters sharing platform
Affirma Capital, Hana Financial Group, RTP Ventures,
EDBI, Momentum Ventures, and 4 more

7
EARLY STAGE
$100.0M - Series A
Next Gen Foods (2020, Singapore, $132.2M)
Platform creating plant-based meat products
EDBI, Alpha JWC Ventures, K3 Ventures, , Temasek,
and 2 more
EARLY STAGE
$131.0M - Series B
TONIK (2018, Singapore, $175.0M)
Digital bank for individuals
Mizuho Bank, Point72 Ventures, Citius, Prosus,
Sixteenth Street Capital, and 7 more
EARLY STAGE
Series B
JULO (2016, Jakarta, $15.0M)
Online marketplace for personal loans
Credit Saison
EARLY STAGE
Series A
ProfilePrint (2020, Singapore)
Provider of SaaS platform for food ingredient analysis
Louis Dreyfus Company, Sucafina, Greenwillow Capital
Management, Realtech Fund, Ofi
EARLY STAGE
Series A
Jendela360 (2016, Jakarta, $1.0M)
Online marketplace to discover residential properties
SEED STAGE
$555.0K - Seed
heyy (2020, Singapore, $555.0K)
Provider of a community platform for people with
mental issues
Wavemaker Partners, Monk's Hill Ventures, Sairee
Chahal, Deep Bajaj, Anjan Bhojarajan
SEED STAGE
$1.0M - Seed
BANANAS (2021, Jakarta, $1.5M)
Online platform offering multi-category grocery
supplies
East Ventures, SMDV, Arise, Y Combinator, MDI
Ventures
SEED STAGE
$1.0M - Seed
Riverr (2020, Singapore, $1.0M)
Provider of an AI-based marketplace for managing
medical records and documents
Kuok Group, Enterprise Singapore
SEED STAGE
$1.3M - Seed
Gobble (2021, Singapore, $1.3M)
Online platform offering group ordering
Beenext, Flash Ventures, Siddharth Shanker, Abhishek
Sahay, Warren Tseng

8
SEED STAGE
$1.3M - Seed
SpaceAge Labs (2016, Singapore, $1.3M)
Provider of an IoT platform for industrial applications
Silicon Solution Partners, PlanetSpark, Seeds Capital
SEED STAGE
$1.3M - Seed
Semaai (2021, Kuningan, $1.3M)
Provider of multi-category tech-based services to
farmers
Beenext, Surge, Prashant Pawar, Harshet Lunani, Nipun
Mehra
SEED STAGE
$1.8M - Seed
SO-COL (2021, , $1.8M)
Provider of a platform offering solutions for
community engagement
Animocabrands, DeFiance Capital, Global Founders
Capital, Kronos Research, Mechanism Capital, and 4
more
SEED STAGE
$1.9M - Seed
Chillchat (2018, Bangkok, $1.9M)
Online marketplace for buying and selling of NFT
focused on metaverse properties
Solana Ventures, Griffin Gaming Partners, , Yield Guild,
Infinity Ventures Crypto, and 8 more
SEED STAGE
$2.0M - Seed
MindFi (2016, Singapore, $2.9M)
Mobile-based app for practising meditation
Global Founders Capital, M Venture Partners, Canva,
Marcus Tan Yi Wei, Kenji Narushima, and 1 more
SEED STAGE
$2.2M - Seed
DeZy (2021, Singapore, $2.2M)
Decentralized savings platform for individuals
Leo Capital, Iterative Accelerator, DeFiance Capital, HY
Sia
SEED STAGE
$2.3M - Seed
watchTowr (2005, Singapore, $2.3M)
Cloud based platform offering vulnerability assessment
solutions
Wavemaker Partners, Vulcan Capital

9
SEED STAGE
$2.5M - Seed
OneTo11 (2020, Singapore, $2.5M)
Provider of a social fantasy cricket platform
, , NFT, Magnus Capital, Dutch Crypto Investors, and 4
more
SEED STAGE
$2.5M - Seed
Chain Crisis (2021, Singapore, $2.5M)
Provider of NFT-based role-playing game
Solar Eco Fund, Solanium, Cryptology, Evernew Capital,
Genblock Capital
SEED STAGE
$2.6M - Seed
Selly (2021, Da Nang, $2.6M)
App-based platform offering commission on the sale of
multi-category products
CyberAgent Capital, Do Ventures, KVision, Genesia
Ventures, JAFCO Asia
SEED STAGE
$2.6M - Seed
Sirka (2021, Jakarta, $2.7M)
Provider of personalized expert-led nutrition coaching
solutions
Wavemaker, ACVentures, Goodwater Capital, Y
Combinator, Sequoia Capital, and 2 more
SEED STAGE
$2.7M - Seed
EWA (2016, Singapore, $2.7M)
Online platform providing an English learning solution
Day One Ventures, Elysium Healthcare
SEED STAGE
$2.7M - Seed
Ethlas (2022, Singapore, $2.7M)
NFT-based trading platform for digital games
Sequoia Capital, Hustle Fund, Venturra Capital, Global
Blockchain Innovative Capital, Genesis Fund, and 4
more
SEED STAGE
$3.0M - Seed
RIMM (2020, Singapore, $3.0M)
Cloud-based enterprise business sustainability
management solution provider
Beenext, Tolaram, AAML, Mamoru Taniya
SEED STAGE
$3.0M - Seed
Atem (2021, Singapore, $3.0M)
Blockchain-based infrastructure for non-fungible
tokens
INCE Capital, Mask Network, Foresight Ventures, , Atlas
Capital, and 4 more
SEED STAGE
$3.0M - Seed
Summoners Arena (2021, , $3.0M)
Provider of play-to-earn role-playing game for mobile
devices
Pantera Capital, Merit Circle, Kyber Capital, Cosmic
Guild, GuildFi, and 9 more

10
SEED STAGE
$3.0M - Seed
Broom (2021, Jakarta, $3.0M)
Online P2P marketplace for used cars
ACVentures, Quona Capital, Krishnan Menon, Edward
Tirtanata
SEED STAGE
$3.0M - Seed
Rino (2022, Ho Chi Minh City, $3.0M)
supplies
Saison Capital, Sequoia, Venturra Capital, Global
Founders Capital
SEED STAGE
$3.0M - Seed
Grupin (2021, Jakarta, $3.0M)
supplies
Surge, Skystar Capital, East Ventures
SEED STAGE
$4.0M - Seed
NOBI (2020, , $4.0M)
App-based robo trading platform for cryptocurrencies
ACVentures, Skystar Capital, Cakra Ventures, Global
Founders Capital, AppWorks
SEED STAGE
$4.3M - Seed
Peddlr (2020, , $4.3M)
Platform offering POS solution for retail businesses
Patamar Capital, Crestone Venture Capital, KDV
Capital, Vulpes Ventures, 500 Global, and 12 more
SEED STAGE
$4.3M - Seed
Cyber Sierra (2021, Singapore, $4.3M)
Online cyber insurance platform for businesses
Leo Capital, AppWorks, Credit Saison India
SEED STAGE
$5.0M - Seed
majoo (2019, Jakarta, $13.8M)
Business management software provider for multiple
industries
Quona Capital, ACVentures, Xendit, BRI Ventures
SEED STAGE
$5.1M - Seed
Manatal (2017, Pathum Wan, $5.1M)
AI-based recruitment solutions for enterprises
Surge
SEED STAGE
$6.0M - Seed
Infina (2018, Singapore, $8.1M)
App-based saving and investment platform for
individuals
Surge, Starling Ventures, Saison Capital, AppWorks,
Alpha JWC Ventures, and 3 more

11
SEED STAGE
$7.0M - Seed
Grow Commerce (2021, Jakarta, $7.0M)
Platform acquiring marketplace brands
ACVentures, East Ventures,
SEED STAGE
$8.5M - Seed
Brick (2019, Jakarta, $8.5M)
Open banking API solutions for banks and financial
institutions
Flourish, Antler, Trihill Capital, Better Tomorrow
Ventures, Rally Cap Ventures, and 7 more
SEED STAGE
Seed
Noice (2018, )
Online radio and podcast streaming platform
SEED STAGE
Seed
Medici (, Hanoi)
Mobile application for users providing online remote
consultation services with doctors
Wavemaker Partners, Jungle Ventures, Insignia
Ventures Partners
SEED STAGE
Seed
Primo (2016, Bang Rak)
Platform offering omnichannel marketing software
Beacon VC, InfinityVc, Fuchsia VC, SOSV
SEED STAGE
Seed
Automata Network (2021, Singapore, $3.4M)
Data privacy solutions provider
Binance Labs
SEED STAGE
Seed
Another-1 (2020, Singapore)
Online marketplace for NFTs
FBG Capital, Animocabrands, The Sandbox
SEED STAGE
Seed
Jet Commerce (2017, Jakarta)
Provider of eCommerce solution for businesses
ATM Capital
SEED STAGE
Seed
GuildFi (2021, Bangkok, $6.0M)
Game-based trading platform for NFTs
SEED STAGE
Seed
Ternak Uang (2020, West Jakarta)
Online training platform for trading, investing and
financial management
Northstar Group, Kinesys Group, AltoPartners

12
SEED STAGE
Seed
Monit (2020, Jakarta)
Banking and expense management solutions for
businesses
1982 Ventures
SEED STAGE
Seed
Tentang Anak (2020, Menteng)
Internet first brand offering books for kids
Insignia Ventures Partners
SEED STAGE
Seed
X Rush (2021, Singapore)
Provider of play-to-earn shooting game
KuCoin
SEED STAGE
Seed
Aqilliz (2017, Singapore)
Blockchain based customer data platform
Bharti Airtel
SEED STAGE
Seed
Ancileo (2015, Singapore)
Insurance policy management and claims processing
solutions for the insurance industry
Fermion
SEED STAGE
Seed
KitaLulus (2020, Jakarta)
Mobile-based platform providing government exam
preparation solutions
Gojek, Phil Opamuratawongse, JJ Chai, Aldi
Haryopratomo, YC Ng, and 1 more

New Investors (1/2)
List of New Investors in SEA Tech in February 2022
SEA Tech: List of New Investors
13
Investor Company Info Round Amount Round Name
Bharti Airtel
7 portfolio companies | Mobile telecommunication services provider
Aqilliz
Blockchain based customer data platform
Undisclosed Seed
JAM Fund
18 portfolio companies | Limited information available
PayMongo
$31.00M Series B
335 Fund
1 portfolio companies | Venture capital fund focused on early-stage companies
Peddlr
Platform offering POS solution for retail businesses
$4.30M Seed
Rider Global
10 portfolio companies | Sector agnostic venture capital fund investing in seed
to late-stage startups
GoComet
Provider of AI-based freight management software
$7.00M Series A
KVision
1 portfolio companies | Investment management firm
Selly
App-based platform offering commission on the sale of multi-category
products
$2.60M Seed
Day One Ventures
36 portfolio companies | Venture capital firm focused on pre-seed & series A
investments
EWA
Online platform providing an English learning solution
$2.70M Seed
Arise
1 portfolio companies | Arise
BANANAS
Online platform offering multi-category grocery supplies
$1.00M Seed
Gandel Invest
4 portfolio companies | PE firm invests in New Zealand and Australia.
Reebelo
Online marketplace platform offering refurbished consumer electronics
$20.00M Series A
Maximus Capital Cooperative
1 portfolio companies | Early-stage sector agnostic VC firm investing primarily in
Netherlands
OneTo11
$2.50M Seed
aurum-investments.com
1 portfolio companies | Parkovaná doména www.aurum-investments.com
Hubble
Cloud-based project management platform for construction
professionals
$8.44M Series B

New Investors (2/2)
List of New Investors in SEA Tech in February 2022
SEA Tech: List of New Investors
14
Investor Company Info Round Amount Round Name
Solanium
5 portfolio companies | Investment and trading platform built on the Solana
blockchain
Chain Crisis
$2.50M Seed
oiginvest.com
9 portfolio companies | Provider of blockchain investment services
OneTo11
$2.50M Seed
Onechain
1 portfolio companies | Online marketplace for trading NFT of games
Summoners Arena
Provider of play-to-earn role-playing game for mobile devices
$3.00M Seed
Skystar Capital
3 portfolio companies | Venture capital fund focused on early-stage tech
startups
Grupin
Online platform offering multi-category grocery supplies
$3.00M Seed
Solana Ventures
14 portfolio companies | Accelerator focused on blockchain technology
Chillchat
Online marketplace for buying and selling of NFT focused on metaverse
properties
$1.85M Seed
Wavemaker
2 portfolio companies | Media agency
Sirka
Provider of personalized expert-led nutrition coaching solutions
$2.60M Seed
Atlas Capital
5 portfolio companies | Tech-focused VC firm investing primarily in China
Atem
Blockchain-based infrastructure for non-fungible tokens
$3.00M Seed
Seeds Capital
1 portfolio companies | Limited information available
6Estates
Digital intelligence and analytics platform
$6.20M Series B
Cosmic Guild
1 portfolio companies | Provider of community-based gaming platform
Summoners Arena
Provider of play-to-earn role-playing game for mobile devices
$3.00M Seed
Sucafina
1 portfolio companies | Welcome to Sucafina
ProfilePrint
Provider of SaaS platform for food ingredient analysis
Undisclosed Series A

Top Funded Business Models - last 1 year
* Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1
year.
15
Rank Business Model $ Funding # Rounds Top Funding Round
1 ▲1 Digital Wallets $998M 7 Grab | $375M | Series H
2 ▼-1 B2C Hyperlocal Delivery $675M 2 Grab | $375M | Series H
3 -- Online Professional Learning Courses $650M 2 EMERITUS | $650M | Series E
4 -- In-Store Retail Analytics $640M 1 Trax | $640M | Series E
5 -- Retail Stores Operations Video Analytics $640M 1 Trax | $640M | Series E
6 -- CPG Brands Analytics $640M 1 Trax | $640M | Series E
7 -- Retail Stores Shopper Financing Platforms $540M 2 Atome | $500M | Series D
8 ▲166 Internet First Point of Sale Financing $515M 4 Atome | $500M | Series D
9 ▲23 C2B Used Cars Marketplaces $512M 3 Carsome | $300M | Series E
10 ▼-6 Multi Products Marketplaces $492M 5 Atome | $500M | Series D

New Analyst Picks (1/6)
Interesting Companies identified by Analysts in SEA Tech in February 2022
SEA Tech: Analyst Picks
16
Upgraded to UNICORN
Akulaku (2014, Jakarta, $100M, Series D)
Online marketplace for point of sale financing
Siam Commercial Bank, Silverhorn, Ant Financial and
21 other Investors
Upgraded to SOONICORN
Beam (2018, Singapore, $6.4M, Seed)
App-based electric kick-scooters sharing platform
Affirma Capital, Sequoia Capital, Hana Financial Group
and 30 other Investors
PDAX (2017, Makati, Undisclosed, Seed)
Online exchange platform for cryptocurrencies
Tiger Global Management, Kingsway Capital, Jump
Capital and 12 other Investors
Modalku (2016, Jakarta, $1.2M, Seed)
P2P marketplace for business loans
SoftBank Vision Fund, VNG, Rapyd and 7 other
Investors
PayMongo (2019, Manila, $2.7M, Seed)
JAM Fund, ICCP Venture Partners, Global Founders
Capital and 10 other Investors
MVL Foundation (2018, Singapore, $5.0M, Series A)
Blockchain-based mobility solutions provider
Central, TRIVE, SV Investment and 2 other Investors

17
Upgraded to MINICORN
Potato Play (2018, Singapore, $500K, Seed)
Mobile game developer and publisher specializing in
casual games
Play Ventures, Atlas Venture, Beenext and 2 other
Investors
Eximku (2016, Jakarta, Undisclosed, Series A)
Platform for B2B cross-border logistics facilitating
import-export
Intudo Ventures, Beenext, CAS Group and 7 other
Investors
Reebelo (2019, Singapore, $1.3M, Seed)
Online marketplace platform offering refurbished
consumer electronics
Cathay Innovation, June Fund, FJ Labs and 9 other
Investors
Brick (2019, Jakarta, Undisclosed, Seed)
Open banking API solutions for banks and financial
institutions
Flourish, Antler, Trihill Capital and 12 other Investors
Salad (2012, , $13.5M, Series A)
Developer of PC and console-based casual games
Winklevoss Capital, Gemini, Foundation Capital and 4
other Investors
NOBI (2020, , $4.0M, Seed)
App-based robo trading platform for cryptocurrencies
ACVentures, Skystar Capital, Global Founders Capital
Cyber Sierra (2021, Singapore, $4.3M, Seed)
Online cyber insurance platform for businesses
Leo Capital,AppWorks,Credit Saison Indiaand
Added to Editor's Pick
Intellect (2019, Singapore, Undisclosed, Seed)
Provider of mobile app for psychological health
management
HOF Capital, East Ventures, Headline and 20 other
Investors
BAEMIN (2019, Ho Chi Minh City, Unfunded)
Online platform for food ordering and delivery
Summoners Arena (2021, , $3.0M, Seed)
Provider of play-to-earn role-playing game for mobile
devices
Impossible Finance, Spartan Group, Coin98 and 11
other Investors
Kaddra (2017, Singapore, $2.5M, Seed)
Platform offering e commerce and loyalty software for
online businesses

18
comico (2016, Bangkok, Unfunded)
App-based comic book reading platform
Transmex Systems International (2004,
Singapore, $820K, Seed)
Provider for intelligent security solutions and mission-
critical information systems
SPRING Singapore, Springs Capital, Transmex
Internacional and 2 other Investors
VSure (2017, Kuala Lumpur, $2.8M, Seed)
App-based on-demand insurance platform for life and
non-life insurances
Revenue Harvestand
Grow Commerce (2021, Jakarta, $7.0M, Seed)
Platform acquiring marketplace brands
ACVentures,East Ventures,and
Grupin (2021, Jakarta, $3.0M, Seed)
supplies
Surge,East Ventures,Skystar Capitaland
Hg Exchange (2019, Singapore, Undisclosed, Seed)
Online alternative investment platform
Binanceand
OneTo11 (2020, Singapore, $2.5M, Seed)
, , NFT and 7 other Investors
ChainDebrief (2021, Singapore, $900K, Seed)
Platform offering latest new and content regarding
blockchain and crypto
Sim Jian Hong, QCP Capital, and 2 other Investors
MoneyTable (2016, Bangkok, $1.5M, Seed)
Platform for employees to explore financial options
Kejora Capital,K2 Venture Capitaland
Circular (2021, Singapore, $125K, Seed)
Online subscription based rental platform for multi-
category electronics products
Y Combinator,Clearsign Capitaland
On Group (2018, Hanoi, $1.1M, Seed)
Platform offering eCommerce solution for resellers
Touchstone Partners,ThinkZoneand
Chain Crisis (2021, Singapore, $2.5M, Seed)
Solar Eco Fund, Cryptology, Genblock Capital and 2
other Investors

19
Semaai (2021, Kuningan, $1.3M, Seed)
Provider of multi-category tech-based services to
farmers
Beenext, Surge, Prashant Pawar and 2 other Investors
Yezza (2020, Putrajaya, $125K, Seed)
Platform to create online store for Whatsapp and
eCommerce businesses
Y Combinatorand
Selly (2021, Da Nang, $2.6M, Seed)
App-based platform offering commission on the sale of
multi-category products
CyberAgent Capital, Do Ventures, Genesia Ventures
Confirmu (2015, Singapore, $150K, Seed)
Alternative credit score for risk profiling to institutions
The Mobile Only Accelerator,INV Fintech,THE HOLT
XCHANGEand
Flare (2017, Pathum Wan, $1.4M, Series A)
Offers an in-transit cab advertising network
Spiral Ventures, Voyage Ventures, Sun Asterisk and 3
other Investors
Radio Vietnam Online (2019, Unfunded)
Online platform for streaming radio stations
Jet Commerce (2017, Jakarta, Undisclosed, Seed)
Provider of eCommerce solution for businesses
ATM Capitaland
PathDAO (2021, Kuala Lumpur, Undisclosed, Seed)
DAO that creates value for investors and players in
blockchain gaming and metaverse
DeFiance Capital, Merit Circle, LVT Capital and 3 other
Investors
Cashbac (2018, Jakarta, Unfunded)
Online platform offering rewards for multi-category
products
Scentses + Co (2020, Petaling Jaya, Undisclosed,
Seed)
Online subscription-based retail platform offering
fragrances
Chen Chow Yeoh,MUIand
Firo (2016, Singapore, Unfunded)
Decentralised digital currency that focuses on keeping
transactions anonymous
Global Capitaland
Ai English (2021, Hanoi, Unfunded)
Provider of AI, SaaS, and app-based English language
learning solutions

20
Vodi X (2018, Singapore, Unfunded)
Blockchain-enabled wallets for consumers and
decentralized ecosystem
Consensus Laband
YOUChain (2018, Singapore, Unfunded)
Public blockchain network provider
Yijing Capitaland
SHub (2019, Ho Chi Minh City, Undisclosed, Seed)
Online platform providing school IT solutions
Vietnam Innovative Startups Acceleratorand
DePocket (2021, Hanoi, Unfunded)
Online platform to invest crypto assets across all DeFi
platforms
THE KILLBOX FOUNDATION (2017, Singapore,
Unfunded)
Provider of NFT-based shooting game
Unity Capital Venturesand
PayFuture (2019, Singapore, Unfunded)
AI-backed payment facilitator and connector for
emerging businesses
Fermion (2020, Singapore, Unfunded)
Cloud-based insurance product development and
policy claims solutions for the insurance industry
TIYA (2019, Singapore, Unfunded)
AI-based social platform connecting people through
audio
IDSPA (, Ho Chi Minh City, Unfunded)
Provider of cloud-based management software
solutions for salon and spa business
Porelo (2019, Jakarta, Unfunded)
Platform offering loyalty management software
Solusi Duka (2019, Unfunded)
Online platform offering funeral services
Fabric (, Metro Manila, Unfunded)
Online B2B e-distributor offering textile fabrics and
accessories

21
Maply (2020, Singapore, Unfunded)
Provider of a cloud-based mapping platform for
visualizing and analyzing location-based data

Acquisitions (1/2)
List of Acquisitions in SEA Tech in February 2022
SEA Tech: Acquisitions
22
Acq. Date Company Acquirer Deal Size
02 Feb 2022
Liquid Group(2015, Singapore)
QR-code based mobile payment service provider
FTX
02 Feb 2022
Liquid(2014, Singapore, $20.0M)
Online exchange platform for digital assets
FTX
07 Feb 2022
MHC Asia Group(1994, Singapore)
Medical benefits administration for employees
Intraco
08 Feb 2022
Curlec(2018, Kuala Lumpur)
Automated payment collection solution
Razorpay
08 Feb 2022
Unilever Life(2019, Din Daeng)
Online platform offering multi-category beauty products
RS Components $26.7M
08 Feb 2022
Storms(2019, Singapore)
Mobile gaming platform
iCandy $5.7M
09 Feb 2022
GENTIS(2010, Tan Binh)
Developer of genetic tests and provider of genetic testing servies
Eurofins Scientific
10 Feb 2022
MX TakaTak(2020, Singapore)
App-based social platform for sharing short videos
ShareChat
10 Feb 2022
iCarAsia(2012, Kuala Lumpur)
Online listing platform for used cars
Carsome
14 Feb 2022
PushKart(2016, Manila)
Online retail platform for groceries
Society Pass

Acquisitions (2/2)
List of Acquisitions in SEA Tech in February 2022
SEA Tech: Acquisitions
23
Acq. Date Company Acquirer Deal Size
14 Feb 2022
FundedHere(2015, Singapore, $1.3M)
Equity crowdfunding and lending-based crowdfunding in
Singapore
$2.2M
22 Feb 2022
Wallex(2015, Singapore)
Cross-border payments acceptance and management solution for
businesses
M-DAQ

Recent News (1/2)
Recent News in SEA Tech in February 2022
SEA Tech:News
24
Exit News
.
● Bharti Airtel acquires strategic stake in Aqilliz; stock plunges ~4% India Infoline
.
● Wego signs agreement with Flipkart to acquire Cleartrip's Middle East business
New Indian Express
.
● Razorpay acquires Malaysian fintech start-up at over $19 mn valuationBusiness
Standard
.
● Axa sold its insurance activities in Singapore to HSBC News Assurances pro
.
● FTX to buy fintech Liquid in push to reach Japanese traders The Business Times
.
● Singapore’s M-DAQ to acquire Wallex Fintech Finance
.
● MX TataTak to Merge with ShareChat's Moj Short Video Platform digitalterminal.in
.
● Carousell may acquire real estate marketplace firm Tech in Asia
.
Fund News
.
● Amazon founder Jeff Bezos invests in SaaS startup Lummo YourStory Media
.
● WazirX’s Siddharth Menon is advisor at SuperGaming for crypto gaming Entrackr
.
● ShopBack names ex-Fave exec as managing director Tech in Asia
.
● Carsome appoints Andrew Mawikere CEO for Indonesia AIM Group
.
● Senior Member from Leading VC Fund Joins Klub to Scale its Capital Platform
10x NewsVoir
.
● Lazada names new regional VP of brand management MARKETING-INTERACTIVE
.
Company News
.
● Crypto Exchange Bybit Signs ‘Largest per Annum Deal’ of Crypto’s Foray Into
Sports With Red Bull CryptoGlobe
.
Regulatory News
.
● U.S. probes approval of Biogen-Eisai Alzheimer's drugNihon Keizai Shimbun

Explore more on Tracxn
Explore more about SEA Tech on Tracxn Platform
SEA Tech: Explore more on Tracxn Platform
25
Companies
Recent Companies Covered
Funded Companies
Editor's Pick
Soonicorn Club
SaaS Companies in Southeast Asia
AI Companies in Southeast Asia
Fintech Companies Southeast Asia
Consumer Digital in Southeast Asia
Company Due Diligence
Detailed profile of Ninja Van
Competitors of Trax
Cap Tables of Traveloka
Investment Activity
Recent Investments
Investment Trend of last 10 years
Mega Investments Rounds
Investors
Most Active Investors
Most Active Angel Investors
Unicorn Investors
Exits
IPO'd Companies
Recent Acquisitions
Most Active Acquirers
Recent Acquihires
News & Events
Recent News
News on People
News on Unicorns
Upcoming Events
Library
Recent Reports
Tracxn Blog
Global Sector Landscape

Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Any and all information either accessed from the website www.tracxn.com or having otherwise originated from Tracxn Technologies Private Limited including but not limited to the
information contained herein ("Data") is the sole property of Tracxn Technologies Private Limited (hereinafter "Tracxn"). You shall not recirculate, distribute, transmit, publish, or sell the
Data or any portion thereof in any form or by any means, either for commercial or non-commercial use, or permit any third party to use or distribute the Data or any portion thereof; to any
other party, except with the prior written consent of Tracxn. You may however incorporate insubstantial portions, extracts, abstracts or summaries from the Data into analysis, presentations
or tools for your customers or for your internal use, so long as Tracxn is clearly and visibly identified as the source of information.
For further information please refer to our Terms of Use at www.tracxn.com

Tracxn - Geo Monthly Report - Southeast Asia Tech - Feb 2022

Recommended

Recommended

More Related Content

Similar to Tracxn - Geo Monthly Report - Southeast Asia Tech - Feb 2022

Similar to Tracxn - Geo Monthly Report - Southeast Asia Tech - Feb 2022 (20)

More from Tracxn

More from Tracxn (20)

Recently uploaded

Recently uploaded (20)

Tracxn - Geo Monthly Report - Southeast Asia Tech - Feb 2022