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

TRACXN MONTHLY REPORT
MARCH 2022
SEA TECH

Southeast Asia Tech - March 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 12
Top Funded Business Models - last 1 year 14
New Analyst Picks 15
IPOs 19
Acquisitions 20
Recent News 21

SEA Tech Snapshot – March 2022
SEA Tech: Snapshot – March 2022
Note : "Investors" refers to "Institutional Investors" only
3
$982M
37 2
Overall Geo Stats
20
10
164
45
62
Funding Rounds $ Invested Analyst Picks
PT Zenius
Education
Upgraded to
SOONICORN
New Investors
Digital RFQ
Magic Fund
Series A+ rounds Active Investors IPOs
PropertyGuru
PropertyGuru
Acquisitions
DANA
MyCash Money
Top Funding Rounds Top Markets Top Investors Top Cities
Monthly Leader Board
Singapore
(34 Rounds, $584M)
Jakarta
(12 Rounds, $254M)
Bangkok
(3 Rounds, $600K)
Hanoi
(2 Rounds, $5.5M)
$150M - Series B
ShopBack (2014, Singapore, $260M)
$120M - Series C
Sayurbox (2016, Jakarta, $140M)
$88M - Series B
Hex Trust (2018, Hong Kong, $104M)
$77.5M - Series C
Growsari (2016, Pasig, $123M)
Openspace Ventures
(4 Investments)
Global Founders Capital
(4 Investments)
International Finance
Corporation
(3 Investments)
Y Combinator
(3 Investments)
Online Grocery
Sayurbox
Cryptocurrencies
Hex Trust
Coupons and Deals
ShopBack
B2B E-Commerce
Growsari
Market Size
Companies Covered 33,280
Funded Companies 4,804
Total Funding $64.0B
Funding in last 12 months $21.8B
Top Exits
IPOs 114
Acquisitions 501
Company Stage
Unicorns 27
Soonicorns 126
Minicorns 456
Editor Picks 2,413
Series A+ 981
Series C+ 171
Acqui-Hires 16
Deadpooled 4,375
Top Cities
Singapore (2,317 Rounds, $32.2B)
Jakarta (784 Rounds, $20.2B)
Top Investors
East Ventures (153 Investments)
500 Durians (108 Investments)

Investment Snapshot
Investment Snapshot of SEA Tech as of March 2022
SEA Tech: Investment Snapshot
4
# Rounds
$ Funding
Investment Trend Top Investments (March 2022)*
ShopBack
(2014, Singapore, $260M)
$150M - Series B Temasek
Sayurbox
(2016, Jakarta, $140M)
$120M - Series C Alpha JWC Ventures
Hex Trust
(2018, Hong Kong, $104M)
$88.0M - Series B Liberty City Ventures
Growsari
(2016, Pasig, $123M)
$77.5M - Series C
International Finance
Corporation
Allofresh
(2022, Jakarta, $69.5M)
$69.5M - Series C Bukalapak
Multiplier
(2020, Singapore, $77.2M)
$60.0M - Series B Tiger Global Management
Zignaly
$50.0M - Series B Global Emerging Markets
PT Zenius Education
(2007, Jakarta, $60.0M)
$40.0M - Series B MDI Ventures
Silent Eight
$40.0M - Series B TYH Ventures
LottieFiles
(2017, , $46.0M)
$37.0M - Series B
Volopay
$29.0M - Series A Cameron Winklevoss
*Shows only the lead Investors

List of Funding Rounds (1/7)
List of Funding Rounds in SEA Tech in March 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
$600.0K - Series C
Pomelo (2013, Bangkok, $73.2M)
Internet first brand offering multi category fashion
products for women
PTT
LATE STAGE
$8.0M - Series C
Tickled Media (2009, Singapore, $13.0M)
Digital media company offering content focusing on
women
Line
LATE STAGE
$15.0M - Series C
Curiox (2008, Singapore, $30.0M)
Developer of wall-less plates and washers for
automated cell-based assays
KB Investment, Luha Private Equity, QUAD
LATE STAGE
$69.5M - Series C
Allofresh (2022, Jakarta, $69.5M)
Platform offering multi-category grocery supplies
Transmart, Bukalapak, Growtheum Capital
LATE STAGE
$77.5M - Series C
Growsari (2016, Pasig, $122.5M)
Online B2B marketplace offering products and services
International Finance Corporation, KKR, Pavilion Capital
Partners
LATE STAGE
$120.0M - Series C
Sayurbox (2016, Jakarta, $140.0M)
Farm-to-table grocery delivery platform
Alpha JWC Ventures, Northstar Group Services,
International Finance Corporation, Global Brain, Astra
Digital, and 1 more
LATE STAGE
Series C
theAsianparent (2008, Singapore, $17.0M)
Provider of online community platform for pregnancy
& parenting solutions
LINE Corporation
LATE STAGE
Series D
Ralali (2015, Jakarta, $22.5M)
Online B2B marketplace for multi-category products
SBI Holdings, ICMG Partners, Arbor Ventures, Beenos
LATE STAGE
Series E
Carsome (2015, Petaling Jaya, $586.4M)
App-based C2B marketplace for used cars
PTT

6
EARLY STAGE
$4.0M - Series A
Caduceus (2021, Singapore, $4.0M)
Blockchain-based network for the metaverse
development
SIG, Qredo, Blockfills, Nukk, Luna Capital, and 4 more
EARLY STAGE
$4.5M - Series A
Med247 (2019, Hanoi, $4.5M)
Provider of an online pharmacy, doctor consultation &
appointment booking platform
Altara Ventures, East Ventures, Pavilion Capital
Partners, Venturra Capital, KK Fund, and 1 more
EARLY STAGE
$5.0M - Series A
AirCarbon (2019, Singapore, $5.0M)
Provider of blockchain-based carbon credits trading
exchange
Deutsche Borse Group
EARLY STAGE
$5.0M - Series B
iPrice (2014, Kuala Lumpur, $26.6M)
Online price comparison platform for multi-category
products
ITOCHU, Global Brain
EARLY STAGE
$5.7M - Series A
Mintable (2018, Singapore, $18.7M)
Online marketplace to buy and sell digital art
EARLY STAGE
$7.1M - Series A
SariSuki (2020, Quezon City, $10.7M)
Online platform offering multi-category grocery
supplies
Openspace Ventures, Global Founders Capital, Saison
Capital, JG Digital Equity Ventures, Foxmont Capital
Partners, and 1 more
EARLY STAGE
$8.5M - Series A
AwanTunai (2017, Jakarta, $28.3M)
Onine marketplace for invoice financing
International Finance Corporation, OCBC NISP Ventura,
Battery Road Digital, Global Brain, Insignia Ventures
Partners, and 1 more
EARLY STAGE
$11.0M - Series B
Zipmex (2018, Singapore, $62.9M)
App-based exchange platform for cryptocurrency
B Capital Group, Krungsri Finnovate, Mindworks
Capital, Master Ad, TNB Aura
EARLY STAGE
$12.0M - Series B
Igloocompany (2015, Singapore, $32.0M)
Provider of smart locks for diversified purposes
Purpose Venture Capital, Wavemaker Partners,
Kickstart Ventures, Insignia Ventures Partners

7
EARLY STAGE
$12.0M - Series A
SmartClean (2017, Singapore, $14.7M)
Provider of IoT and AI-based cleaning solution
EARLY STAGE
$12.6M - Series A
Nalagenetics (2016, Singapore, $13.6M)
Developer of genetic test kits for precision medicine
Intudo Ventures, Vulcan, Diagnos, A*STAR, , and 1
more
EARLY STAGE
$19.0M - Series B
Igloo (2016, Singapore, $36.0M)
Online platform for health and P&C insurances
Cathay Innovation, Singtel, ACA Investments,
Openspace Ventures, Partech Partners
EARLY STAGE
$20.0M - Series B
Cialfo (2017, Singapore, $77.0M)
Cloud based platform offering school management
software
Tiger Global Management
EARLY STAGE
$29.0M - Series A
Volopay (2020, Singapore, $31.1M)
Expense management and virtual card management
solutions for businesses
JAM Fund, Antler, Venture Souq, Rapyd, Accial Capital,
and 9 more
EARLY STAGE
$37.0M - Series B
LottieFiles (2017, , $46.0M)
Animation & design tools
EARLY STAGE
$40.0M - Series B
Silent Eight (2013, Singapore, $61.2M)
AI-based fraud detection solution
TYH Ventures, Wavemaker Partners, OTB Ventures,
Aglaia, SC Ventures, and 2 more
EARLY STAGE
$40.0M - Series B
PT Zenius Education (2007, Jakarta, $60.0M)
Provider of app-based courses for school education
MDI Ventures, Openspace Ventures, Northstar Group,
Beacon VC, Alpha JWC Ventures
EARLY STAGE
$50.0M - Series B
Zignaly (2018, Singapore, $53.0M)
Cryptocurrency trading bot
Global Emerging Markets

8
EARLY STAGE
$60.0M - Series B
Multiplier (2020, Singapore, $77.2M)
Cloud-based payroll and compliance platform provider
Tiger Global Management, Sequoia, DST Global
EARLY STAGE
$88.0M - Series B
Hex Trust (2018, Hong Kong, $104.0M)
Custodian service for digital assets
Liberty City Ventures, Animocabrands, Terra, Ripple,
Morgan Creek Capital Management, and 4 more
EARLY STAGE
$150.0M - Series B
ShopBack (2014, Singapore, $260.0M)
App-based platform offering rewards & cashback
Temasek, SoftBank Ventures Asia, Rakuten Capital
EARLY STAGE
Series A
EywaMedia (2013, Singapore, $1.1M)
Platform offers customer engagement and journey
management solution
Globe Teleservices, Wintech Ventures, Kyron, ah!
Ventures
EARLY STAGE
Series A
FreshKet (2016, Bangkok, $3.0M)
Online B2B marketplace offering farm products
ORZON Ventures
EARLY STAGE
Series A
InvestaX (2015, Singapore)
Online trading platform for tokenized real estate
securities
Coinbase, Gate Ventures, Sustainable Stock Exchanges
Initiative, Startup-O, Thakral Corporation, and 6 more
EARLY STAGE
Series B
Cakap (2015, Jakarta, $13.0M)
SaaS and app-based platform providing multiple
language learning solutions
Indonesia Impact Fund
EARLY STAGE
Series A
GoWabi (2016, Bangkok)
On-demand wellness marketplace
ORZON Ventures
EARLY STAGE
Series A
Willowmore (2014, Singapore)
Provider of smart locks
Greenwillow Capital Management

9
EARLY STAGE
Series A
ZAP E-Store (2020, )
Platform offering eCommerce solution for businesses
True Digital Group
SEED STAGE
$125.0K - Seed
Bipi (2021, Jakarta, $125.0K)
Provider of POS solutions for corner stores
Y Combinator
SEED STAGE
$125.0K - Seed
Transfez (2018, Jakarta, $125.0K)
Online remittance platform for individuals and
businesses
Y Combinator
SEED STAGE
$500.0K - Seed
Blocknom (2021, Jakarta, $500.0K)
App-based platform to manage crypto portfolio and
earn rewards
Y Combinator, Magic Fund, Number
SEED STAGE
$600.0K - Seed
ReverseAds (2018, Phuket, $600.0K)
Platform offering privacy first campaign management
software
Choco Up
SEED STAGE
$809.8K - Seed
Microtube Technologies (2018, Singapore,
$809.8K)
Manufacturer of impact sensors
Greenwillow Capital Management
SEED STAGE
$1.0M - Seed
Bave (2017, Hanoi, $1.0M)
Provider of connected vehicle commerce platform
Touchstone Partners
SEED STAGE
$1.0M - Seed
Opaper (2021, Jakarta, $1.0M)
Platform offering order management solution for
online businesses
Ratio Ventures, On Deck, Precursor Ventures
SEED STAGE
$1.2M - Seed
Gamepay (2022, Singapore, $1.2M)
Provider of NFT-and Defi-based metaverse gaming
platform
Seier Capital, 8I Holdings

10
SEED STAGE
$2.0M - Seed
AdLunam (2021, Singapore, $2.0M)
NFT-based engage to earn proof of attention IDO
platform
SEED STAGE
$2.2M - Seed
Handprint (2019, Singapore, $2.2M)
Platform offering carbon emission tracker for online
businesses
Thunes
SEED STAGE
$2.5M - Seed
SoBanHang (2021, Ho Chi Minh City, $4.0M)
Provider of storefront solution for online businesses
FEBE Ventures, AlleyCorp, Trihill Capital, Class 5
SEED STAGE
$2.7M - Seed
Datature (2018, Singapore, $2.7M)
A Platform for training and deploying machine learning
models
Openspace Ventures, January Capital
SEED STAGE
$3.0M - Seed
Locofy (2021, Singapore, $3.0M)
Platform offering low code web application
development software
Golden Gate Ventures, Boldcap Ventures, Accel,
January Capital
SEED STAGE
$4.0M - Seed
Zaapi (2020, Singapore, $4.0M)
Platform offering storefront solution for online
businesses
Flourish, Global Founders Capital, Partech Partners,
Kaya Founders, XA Network, and 3 more
SEED STAGE
$6.0M - Seed
AgriAku (2021, Jakarta, $6.0M)
Distribution enabler for crop inputs
Go Ventures, MDI Ventures, Mercy Corps, Arise
SEED STAGE
$8.0M - Seed
DELOS Aqua (2021, Menteng, $8.0M)
Operators of land-based recirculating aquaculture
systems for sustainable production of shrimp
Alpha JWC Ventures, MDI Ventures, Mahanusa Capital,
Number Capital, Arise, and 4 more
SEED STAGE
$8.3M - Seed
Wagely (2019, Jakarta, $14.0M)
Online platform for payday loans
Central Capital Ventura, Trihill Capital, Global Founders
Capital, Blauwpark Partners, Asian Development Bank,
and 3 more

11
SEED STAGE
$8.8M - Seed
APEIRON (2021, Singapore, $8.8M)
Online NFT-based fantasy gaming platform
GuildFi, Zombie Club, YGGSEA, SKYVISION, Enzac
Research
SEED STAGE
$18.0M - Seed
Treehouse (2021, Singapore, $18.0M)
Portfolio tracking & management solutions for
cryptocurrency
Lightspeed Venture Partners, MassMutual Ventures,
Binance, Wintermute, Jump Capital, and 4 more
SEED STAGE
Seed
I.O.T. Workz (2018, Singapore)
Provider of industrial IoT services
Beng Kuang Group
SEED STAGE
Seed
MX Global (2018, Petaling Jaya)
Online exchange platform for cryptocurrency
Binance, Cuscapi
SEED STAGE
Seed
Sherpa (2017, Singapore)
Insurance agency leads conversion and sales solutions
for the insurance industry
Bolttech
SEED STAGE
Angel
RushOwl (2018, Singapore, $477.1K)
Provider of an AI-enabled platform offering on-demand
bus-pooling services
Kunal Chowdhry
SEED STAGE
Angel
BrioHR (2018, Kuala Lumpur, $1.3M)
Cloud-based human resource management software
solution
Georg Chmiel, Thariq Usman Ahmad
SEED STAGE
Seed
IKONZ (2021, Singapore)
Monetization solutions for digital assets and artists
Woodstock, Village Global, Polygon Studios

New Investors (1/2)
List of New Investors in SEA Tech in March 2022
SEA Tech: List of New Investors
12
Investor Company Info Round Amount Round Name
Digital RFQ
1 portfolio companies | Trade management solutions for cryptocurrencies
Caduceus
Blockchain-based network for the metaverse development
$4.00M Series A
Magic Fund
20 portfolio companies | Venture capital firm focused on multiple sectors
Blocknom
App-based platform to manage crypto portfolio and earn rewards
$500K Seed
Beng Kuang Group
1 portfolio companies | Marine equipment manufacturer and maintenance
solutions
I.O.T. Workz
Provider of industrial IoT services
Undisclosed Seed
Liberty City Ventures
55 portfolio companies | Venture capital firm focusing on blockchain technology
Hex Trust
Custodian service for digital assets
$88.00M Series B
Wintech Ventures
2 portfolio companies | Early-stage VC firm investing fin-tech firms
EywaMedia
Platform offers customer engagement and journey management
solution
Undisclosed Series A
Enzac Research
1 portfolio companies | Venture capital and startup incubator focused on
blockchain companies
APEIRON
$8.80M Seed
A*STAR
1 portfolio companies | Provides economic research services
Nalagenetics
$12.60M Series A
True Digital Group
1 portfolio companies | Provider of digital transformation available
ZAP E-Store
Bin Zayed Group
1 portfolio companies | <BinZayed Group>
Caduceus
$4.00M Series A
Line
2 portfolio companies | Provider of promotional and business services
Tickled Media
Digital media company offering content focusing on women
$8.00M Series C

New Investors (2/2)
List of New Investors in SEA Tech in March 2022
SEA Tech: List of New Investors
13
Investor Company Info Round Amount Round Name
Sustainable Stock Exchanges Initiative
1 portfolio companies | Stock exchange
InvestaX
Online trading platform for tokenized real estate securities
Mirxes
1 portfolio companies | Developer of miRNA based test for the detection of
cancer
Med247
Provider of an online pharmacy, doctor consultation & appointment
booking platform
$4.50M Series A
Zombie Club
1 portfolio companies | NFT-based trading platform for clubs and games
APEIRON
$8.80M Seed
ICMG Partners
3 portfolio companies | Infrastructure fund focused on multiple sectors
Ralali
Undisclosed Series D
Bolttech
1 portfolio companies | Online insurance exchange platform offering insurance
as a service
Sherpa
Insurance agency leads conversion and sales solutions for the insurance
industry
Undisclosed Seed
Qredo
1 portfolio companies | Blockchain-based network for DeFi applications in the
finance industry
Caduceus
$4.00M Series A
Deutsche Borse Group
21 portfolio companies | Exchange organization providing access to global
capital markets
AirCarbon
Provider of blockchain-based carbon credits trading exchange
$5.00M Series A
Diagnos
1 portfolio companies | Manufacturer of diagnostic test kits
Nalagenetics
$12.60M Series A
TokenInsight
5 portfolio companies | Cryptocurrency data provider
Caduceus
$4.00M Series A
Northstar Group Services
1 portfolio companies | Provider of construction management services
Sayurbox
Farm-to-table grocery delivery platform
$120M Series C

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.
14
Rank Business Model $ Funding # Rounds Top Funding Round
1 ▲6 Digital Wallets $998M 7 Grab | $375M | Series H
2 ▲1 Hyperlocal Delivery $689M 5 Grab | $375M | Series H
3 -- Online Professional Learning Courses $650M 2 EMERITUS | $650M | Series E
4 <> 0 In-Store Retail Analytics $640M 1 Trax | $640M | Series E
5 <> 0 Retail Stores Operations Video Analytics $640M 1 Trax | $640M | Series E
6 <> 0 CPG Brands Analytics $640M 1 Trax | $640M | Series E
7 -- Retail Stores Shopper Financing Platforms $540M 2 Atome | $500M | Series D
8 ▲180 Internet First Point of Sale Financing $515M 4 Atome | $500M | Series D
9 ▲32 C2B Used Cars Marketplaces $512M 4 Carsome | $300M | Series E
10 -- Point of Sale Financing Marketplaces $500M 1 Atome | $500M | Series D

New Analyst Picks (1/4)
Interesting Companies identified by Analysts in SEA Tech in March 2022
SEA Tech: Analyst Picks
15
Upgraded to SOONICORN
PT Zenius Education (2007, Jakarta, Undisclosed,
Series A)
Provider of app-based courses for school education
MDI Ventures, Northstar Group, Alpha JWC Ventures
and 8 other Investors
Growsari (2016, Pasig, Undisclosed, Series B)
Online B2B marketplace offering products and services
International Finance Corporation, KKR, Pavilion Capital
Partners and 6 other Investors
Multiplier (2020, Singapore, $13.2M, Series A)
Cloud-based payroll and compliance platform provider
Tiger Global Management, Sequoia, DST Global and 8
other Investors
Silent Eight (2013, Singapore, $15.0M, Series B)
AI-based fraud detection solution
TYH Ventures, HSBC Group, OTB Ventures and 19 other
Investors
Volopay (2020, Singapore, $29.0M, Series A)
Expense management and virtual card management
solutions for businesses
Cameron Winklevoss, Tyler Winklevoss, JAM Fund and
16 other Investors
Allofresh (2022, Jakarta, $69.5M, Series C)
Platform offering multi-category grocery supplies
Bukalapak,Growtheum Capital,Transmartand
Upgraded to MINICORN
Treehouse (2021, Singapore, $18.0M, Seed)
Portfolio tracking & management solutions for
cryptocurrency
Lightspeed Venture Partners, MassMutual Ventures,
Binance and 6 other Investors
Igloocompany (2015, Singapore, $15.0M, Series B)
Provider of smart locks for diversified purposes
Purpose Venture Capital, Kickstart Ventures,
Wavemaker Partners and 11 other Investors
Locofy (2021, Singapore, $3.0M, Seed)
Platform offering low code web application
development software
Accel, January Capital, Golden Gate Ventures and 1
other Investors
Caduceus (2021, Singapore, $4.0M, Series A)
Blockchain-based network for the metaverse
development
Qredo, Bin Zayed Group, Blockfills and 6 other
Investors

16
SariSuki (2020, Quezon City, $7.1M, Series A)
Online platform offering multi-category grocery
supplies
Openspace Ventures, Global Founders Capital, Saison
Capital and 3 other Investors
Zignaly (2018, Singapore, $3.0M, Series A)
Cryptocurrency trading bot
Global Emerging Markets, Parataxis Capital, OKEX and
13 other Investors
AgriAku (2021, Jakarta, Undisclosed, Seed)
Distribution enabler for crop inputs
Go Ventures, Arise, MDI Ventures and 2 other
Investors
DELOS Aqua (2021, Menteng, $8.0M, Seed)
Operators of land-based recirculating aquaculture
systems for sustainable production of shrimp
Alpha JWC Ventures, MDI Ventures, Arise and 6 other
Investors
Added to Editor's Pick
Frontier (2019, Singapore, $1.9M, Seed)
App-based wallet for crypto transactions & digital
tokens
TRG Capital, Woodstock, and 7 other Investors
Dropee (2016, Shah Alam, $67.2K, Angel)
Y Combinator, Resolution Ventures, Lan Kwai Fong
Group and 10 other Investors
Involve Aisa Technologies (2014, Kuala Lumpur,
Undisclosed, Grant (prize money))
E-commerce performance-based digital marketing
solution
OSK Ventures International Berhad, Accord Ventures,
Cradle Seed Ventures and 18 other Investors
DeZy (2021, Singapore, Undisclosed, Seed)
Decentralized savings platform for individuals
Leo Capital, Iterative Accelerator, DeFiance Capital and
2 other Investors
EywaMedia (2013, Singapore, $1.0M, Seed)
Platform offers customer engagement and journey
management solution
Globe Teleservices, ah! Ventures, Wintech Ventures
and 10 other Investors
Revery (2021, Singapore, $2.0M, Seed)
Provider of gamified mental health solutions for
individuals
Sequoia Capital,GGV Capital,zVenturesand
IIMMPACT (2017, Kuala Lumpur, $46.4K, Seed)
API-based payments and financial data aggregation
solutions
Surge,ScaleUp Malaysiaand
Touche (2014, Singapore, $2.0M, Series A)
Payment gateway and payment solutions
Mashreq Bank,Arvind Kumar Vij,Aleix Casanovasand

17
Ascent Business (2013, Singapore, Undisclosed,
Seed)
AI based bank reconciliation and escrow solutions for
businesses
Siddharth Kohli,SterlingForte,Venture Gurukooland
Rario (2021, Singapore, Unfunded)
Online marketplace for NFT digital collectables
watchTowr (2005, Singapore, $2.3M, Seed)
Cloud based platform offering vulnerability assessment
solutions
Wavemaker Partners,Vulcan Capitaland
Rice Wallet (2021, Hanoi, Unfunded)
Non-custodial wallet to manage cryptocurrencies
Blocknom (2021, Jakarta, $500K, Seed)
App-based platform to manage crypto portfolio and
earn rewards
Y Combinator,Magic Fund,Numberand
Sherpa (2017, Singapore, Undisclosed, Seed)
Insurance agency leads conversion and sales solutions
for the insurance industry
Bolttechand
HSB (2018, Jakarta, Unfunded)
App-based brokerage platform for trading in the forex
market
100Man (2021, Singapore, Unfunded)
Online platform offering micro-investment solutions
for crypto
ZAP E-Store (2020, , Undisclosed, Series A)
True Digital Group,Kickstart Venturesand
MX Global (2018, Petaling Jaya, Undisclosed, Seed)
Online exchange platform for cryptocurrency
Binance,Cuscapiand
Samsat Digital Nasional (2021, Jakarta, Unfunded)
App-based payment solutions for motor vehicle taxes
OneCash (2020, Singapore, Unfunded)
Stable coin pegged by Asian currencies

18
AceStarter (2021, Singapore, Unfunded)
Online platform offering launchpad for crypto investors
Sleep Future (2017, Singapore, Unfunded)
Blockchain-driven sleep monitoring system
TrustPad (2022, Hanoi, Unfunded)
Provider of online decentralized fundraising platform
ONUS (2021, Singapore, Unfunded)
Financial services platform to buy, stake and farm
crypto
Matrix Invent (2007, Kuala Lumpur, Unfunded)
Provides mobile application security solutions
Wilov (2021, Jakarta, Unfunded)
Mobile app for reproductive health management
Floating Market (2021, Ho Chi Minh City, Unfunded)
App-based marketplace offering multi-category
second-hand products
Ripe (2021, Singapore, Unfunded)
Online platform for revenue-based financing
Daradaily (2012, Bangkok, Unfunded)
Online platform offering entertainment-related
content
OmmaniSoft (2021, Hanoi, Unfunded)
Artificial intelligence based data integration solutions
EVYD Tech (2020, Unfunded)
AI-based population health management tool for
professionals

IPO Date Company IPO Mcap Exchange Ticker
18 Mar 2022
PropertyGuru (2007, Singapore, $543M)
Online platform to find real estate properties
NYSE:PGRU
18 Mar 2022
PropertyGuru (2007, Singapore, $642M)
Provider of an online property listing platform to buy or sell
residential properties
NYSE:PGRU
IPOs
List of IPOs in SEA Tech in March 2022
SEA Tech: IPOs
19

Acquisitions
List of Acquisitions in SEA Tech in March 2022
SEA Tech: Acquisitions
20
Acq. Date Company Acquirer Deal Size
02 Mar 2022
DANA(2017, Jakarta)
Digital wallet
Dian Swastatika Sentosa $200.0M
02 Mar 2022
MyCash Money(2016, Cyberjaya)
App-based remittance platform for unbanked migrant workers
INFT
03 Mar 2022
CarClub(2013, Singapore)
Pay-per-use station-based B2C car rental platform
Tribecar
04 Mar 2022
Monk.ai(2016, Singapore)
AI based customer engagement platform
ACV Auctions
07 Mar 2022
Proteona(2016, Singapore)
Provider of single cell proteogenomics based therapeutics
Xingeyuan Biotechnology
15 Mar 2022
Chilibeli(2019, Jakarta, $10.0M)
Online community-based platform offering fruits and vegetables
WEBUY
19 Mar 2022
Diakrit(2001, Bangkok)
Real Estate digital visualization solution provider
Adelis Equity Partners
22 Mar 2022
Altonomy(2018, Singapore, $7.0M)
Digital assets trading, advisory, and asset management platform
Blockchain
30 Mar 2022
Rely(2014, Singapore)
Online platform for purchase financing
Pace
30 Mar 2022
Sribu(2011, Jakarta)
Crowdsourced design website
Mynavi

Recent News (1/2)
Recent News in SEA Tech in March 2022
SEA Tech:News
21
Exit News
.
● Singapore's Validus to take over Citi's local business loan book Nihon Keizai
Shimbun
.
● Carsome acquires 51% of used car dealer CarTimes in IPO push The Business Times
.
● SPH to sell SgCarMart for $118m to Toyota consortium Tech in Asia
.
● PropertyGuru Successfully Completes Business Combination With Bridgetown
2 Holdings Business Wire
.
● Lending platform Kredivo scraps $2.5 billion SPAC deal Reuters
.
● Blockchain.com Acquires Altonomy to Accelerate Institutional Growth Finance
Magnates
.
● Webuy Snaps Up Group Buying Rival Chilibeli PYMNTS.com
.
● Singleron Biotechnologies Acquires Proteona GenomeWeb
.
Fund News
.
● Digital Asset Venture Firm A&T Capital Finalizes $100M Fund Crowdfund Insider
.
● First VC microfund launched on ECF platform Fundnel Digital News Asia
● Acronis appoints Michael Callahan as Chief Marketing Officer Financial IT
.
● Carsome hires Digbijoy Shukla as head of M&A AIM Group
.
● Fintech Nium Appoints Dylan Lowrey as General Counsel Crowdfund Insider
.
● EQONEX Appoints New CEO as part of its Strategic Partnership with Bifinity PR
Newswire
.
● Catcha Group’s Instahome appoints Leon Kong as country manager, Kambiz
Khanlari as CTO Digital News Asia
.
● Love, Bonito names new country managers for Japan, Hong Kong Inside Retail
.
● Acronis appoints Nasr as GM for Middle East market Telecompaper
.
Company News
.
● Adagene, Merck gets FDA clearance to advance ADG126/Keytruda combo in
solid tumor studySeeking Alpha
.
● Biobot Surgical Reports New Robotic Assisted Transperineal Needle-Guidance
System for Prostate Biopsy and Canc... infomeddnews.com

Recent News (2/2)
Recent News in SEA Tech in March 2022
SEA Tech:News
22
● Thomson ventures into ACs, aims to capture a 10% market share by 2025
Business Today
.
● Resolve Systems expands into Middle East Channel Post Middle East & Africa
.
Regulatory News
.
● SGX RegCo slaps Alpha DX with compliance notice after 4 directors quit The
Business Times

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Explore more about SEA Tech on Tracxn Platform
SEA Tech: Explore more on Tracxn Platform
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Tracxn - Geo Monthly Report - Southeast Asia Tech - Mar 2022

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