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TRACXN MONTHLY REPORT
MARCH 2021
SEA TECH
Southeast Asia Tech - March 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Contents
2
SEA Tech Snapshot 3
Investment Snapshot 4
List of Funding Rounds 5
New Investors 11
Top Funded Business Models - last 1 year 13
New Analyst Picks 14
IPOs 18
Acquisitions 19
Recent News 20
Southeast Asia Tech - March 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
SEA Tech Snapshot – March 2021
SEA Tech: Snapshot – March 2021
Note : "Investors" refers to "Institutional Investors" only
3
$487M
16 2
Overall Geo Stats
20
5
102
34
53
Funding Rounds $ Invested Analyst Picks
Xendit Upgraded to
SOONICORN
New Investors
Ripple
iseed.asia
Series A+ rounds Active Investors IPOs
Prestige BioPharma
Wellteq
Acquisitions
Vivant#@
Stamped#@
Top Funding Rounds Top Markets Top Investors Top Cities
Monthly Leader Board
Singapore
(20 Rounds, $106M)
Jakarta
(10 Rounds, $337M)
Kuala Lumpur
(8 Rounds, $1.9M)
Ho Chi Minh City
(4 Rounds, $9.5M)
$170M - Series B
SiCepat (2014, Jakarta, $324M)
$65M - Series A
Ajaib (2018, Jakarta, $92.2M)
$64.6M - Series B
Xendit (2014, Jakarta, $88M)
$30M - Series A
Xfers (2014, Singapore, $32.5M)
ScaleUp Malaysia
(7 Investments)
Y Combinator
(5 Investments)
East Ventures
(3 Investments)
Saison Capital
(3 Investments)
Logistics Tech
SiCepat
E-Commerce Enablers
Payments
Xendit
Investment Tech
Ajaib
Market Size
Companies Covered 26,702
Funded Companies 4,165
Total Funding $41.0B
Funding in last 12 months $6.6B
Top Exits
IPOs 185
Acquisitions 483
Company Stage
Unicorns 10
Soonicorns 74
Minicorns 364
Editor Picks 1,727
Series A+ 831
Series C+ 142
Acqui-Hires 15
Deadpooled 4,121
Top Cities
Singapore (1,824 Rounds, $21.3B)
Jakarta (628 Rounds, $12.4B)
Top Investors
East Ventures (125 Investments)
500 Durians (112 Investments)
Southeast Asia Tech - March 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Investment Snapshot
Investment Snapshot of SEA Tech as of March 2021
SEA Tech: Investment Snapshot
4
# Rounds
$ Funding
Investment Trend Top Investments (March 2021)*
SiCepat
(2014, Jakarta, $324M)
$170M - Series B MDI Ventures
Ajaib
(2018, Jakarta, $92.2M)
$65.0M - Series A Ribbit Capital
Xendit
(2014, Jakarta, $88.0M)
$64.6M - Series B Accel
imToken
(2016, Singapore, $40.0M)
$30.0M - Series B IDG Capital
Xfers
(2014, Singapore, $32.5M)
$30.0M - Series A PAYFAZZ
Pluang
(2013, Jakarta, $23.0M)
$20.0M - Series A Openspace Ventures
Enjin
(2009, Singapore, $19.0M)
$19.0M - Seed CRYPTO
Kumu
(2017, Makati, $6.2M)
$15.0M - Series B Openspace Ventures
Point Avenue
(2018, Hanoi, $12.0M)
$12.0M - Series A GAW Capital Partners
KitaBeli
(2020, Jakarta, $10.0M)
$10.0M - Series A GO Venture Capital
Singlife
(2014, Singapore, $189M)
$8.7M - Series C Ion Pacific
*Shows only the lead Investors
Southeast Asia Tech - March 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
List of Funding Rounds (1/6)
List of Funding Rounds in SEA Tech in March 2021
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
$8.7M - Series C
Singlife (2014, Singapore, $189.0M)
App-based life insurance platform for individuals
Ion Pacific
EARLY STAGE
$5.0M - Series A
IDCloudHost (2015, Bandung, $5.0M)
Cloud Infrastructure provider
init 6
EARLY STAGE
$6.0M - Series A
Got It (2015, Ho Chi Minh City, $6.0M)
Online platform for buying vouchers for gifting
VNG
EARLY STAGE
$7.0M - Series A
DLT (2017, Singapore, $9.5M)
Supply chain management dApps provider
, Walden International
EARLY STAGE
$10.0M - Series A
KitaBeli (2020, Jakarta, $10.0M)
App based platform offering group buying solution for
multi-category products
GO Venture Capital, ACVentures, East Ventures
EARLY STAGE
$12.0M - Series A
Point Avenue (2018, Hanoi, $12.0M)
Provider of AI-based tutors, educational services, and
integrated educational products
GAW Capital Partners
EARLY STAGE
$15.0M - Series B
Kumu (2017, Makati, $6.2M)
Platform to connect with Filipino communities
Openspace Ventures
EARLY STAGE
$20.0M - Series A
Pluang (2013, Jakarta, $23.0M)
Gold investment platform
Openspace Ventures, GO Venture Capital
EARLY STAGE
$30.0M - Series A
Xfers (2014, Singapore, $32.5M)
Online payments and internet banking solutions for
businesses
PAYFAZZ
EARLY STAGE
$30.0M - Series B
imToken (2016, Singapore, $40.0M)
Digital asset wallet for cryptocurrency exchange
Qiming Venture Partners, HashKey, IDG Capital,
Longling Capital, Breyer Capital, and 3 more
Southeast Asia Tech - March 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
List of Funding Rounds (2/6)
List of Funding Rounds in SEA Tech in March 2021
SEA Tech: List of Funding Rounds
Note: Seed Stage (Seed, Angel), Early Stage (Series A, Series B), Late Stage (Series C+), PE
6
EARLY STAGE
$64.6M - Series B
Xendit (2014, Jakarta, $88.0M)
Online payment and money transfer solution for
businesses
Accel, Y Combinator
EARLY STAGE
$65.0M - Series A
Ajaib (2018, Jakarta, $92.2M)
Online investing platform for stocks and mutual funds
Ribbit Capital, SoftBank Ventures Asia, Iconiq Capital,
Insignia Ventures Partners, Y Combinator, and 5 more
EARLY STAGE
$170.0M - Series B
SiCepat (2014, Jakarta, $323.5M)
App-based provider of e-commerce delivery services
MDI Ventures, DEG, Kejora Ventures, Indies Capital
Partners, Pavilion Capital Partners, and 1 more
EARLY STAGE
Series B
BUILK (2010, Watthana, $400.0K)
Construction project management and collaboration
platform
Beacon VC
EARLY STAGE
Series A
Eximku (2016, Jakarta, $1.5M)
Platform for B2B cross border logistics facilitating
import-export
BRI Ventures
EARLY STAGE
Series A
Storms (2019, Singapore)
Mobile gaming platform
SK Telecom, , Singtel
SEED STAGE
$1.7K - Seed
Bukku (2019, Kuala Lumpur, $1.7K)
Cloud-based accounting software for small businesses
SEED STAGE
$61.8K - Seed
Quadby (2019, Kuala Lumpur, $61.8K)
Mobile-based platform providing a social community of
students
ScaleUp Malaysia
SEED STAGE
$61.8K - Seed
My Bump (2015, Petaling Jaya, $61.8K)
Traditional advertising platform by endorsing brands
on car
ScaleUp Malaysia
Southeast Asia Tech - March 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
List of Funding Rounds (3/6)
List of Funding Rounds in SEA Tech in March 2021
SEA Tech: List of Funding Rounds
Note: Seed Stage (Seed, Angel), Early Stage (Series A, Series B), Late Stage (Series C+), PE
7
SEED STAGE
$61.8K - Seed
Kiddocare (2018, Cyberjaya, $61.8K)
App-based marketplace for babysitters
ScaleUp Malaysia
SEED STAGE
$61.8K - Seed
HAUZ Solution (2018, Kuala Lumpur, $61.8K)
Workforce management solutions for multiple
industries
ScaleUp Malaysia
SEED STAGE
$61.8K - Seed
Fefifo (2019, Kuala Lumpur, $61.8K)
Online platform offering farming and consulting
services
ScaleUp Malaysia
SEED STAGE
$61.8K - Seed
Makcik Kafe (1982, Kuala Lumpur, $61.8K)
Platform offering bakery products
ScaleUp Malaysia
SEED STAGE
$61.8K - Seed
load2go (2017, Petaling Jaya, $61.8K)
App-based marketplace for freight transportation
ScaleUp Malaysia
SEED STAGE
$125.0K - Seed
Zealth-AI (2020, Singapore, $125.0K)
Provider of AI-based patient monitoring and symptom
tracking platform
Y Combinator
SEED STAGE
$125.0K - Seed
NextPay (2019, Makati, $125.0K)
Accounts payable, receivable management, and
payment automation solutions for businesses
Y Combinator
SEED STAGE
$364.2K - Seed
Ouch Free (2019, Kuala Lumpur, $364.2K)
App-based insurance comparison platform for
individuals
Vynn Capital, Temokin
SEED STAGE
$519.8K - Seed
KOCO Paper (2020, Singapore, $519.8K)
Provider of assignments management platform for
teachers
Southeast Asia Tech - March 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
List of Funding Rounds (4/6)
List of Funding Rounds in SEA Tech in March 2021
SEA Tech: List of Funding Rounds
Note: Seed Stage (Seed, Angel), Early Stage (Series A, Series B), Late Stage (Series C+), PE
8
SEED STAGE
$1.0M - Seed
ACKTEC Technologies (2015, Singapore, $1.0M)
Provider of AI-based learning platform and learning
management system
Octava, EduSpaze, Govin Capital, Seeds Capital
SEED STAGE
$1.0M - Seed
Citics (2016, Ho Chi Minh City, $1.7M)
Provider of tech-enabled property valuation services
Vulpes Invest, Nextrans, The Ventures
SEED STAGE
$1.3M - Seed
BrioHR (2018, Kuala Lumpur, $1.3M)
Cloud-based human resource management software
solution
Global Founders Capital, Y Combinator, East Ventures
SEED STAGE
$1.5M - Seed
Uilicious (2016, Singapore, $1.5M)
Cloud-based automated website UI testing platform
Monk's Hill Ventures
SEED STAGE
$1.8M - Seed
Mesh Bio (2018, Singapore, $1.8M)
Provider of chronic disease management software
Elev8.vc, Enterprise Singapore, Citrine Capital, TAEL
Partners
SEED STAGE
$1.8M - Seed
TazaPay (2020, Singapore, $5.0M)
Cross-border money transfers platform for businesses
RTP Global, January Capital, Surge, Saison Capital
SEED STAGE
$1.9M - Seed
PolkaFoundry (2018, Singapore, $1.9M)
Online platform for creating DeFi applications
Sigma Capital Partners, Master, , AU21 Capital, Magnus
Capital Partners, and 2 more
SEED STAGE
$2.5M - Seed
GENETICA (2018, Ho Chi Minh City, $2.5M)
Provider of DNA based genetic testing and analysis
Dave Strohm, Craig Sherman, Guy Miasnik
SEED STAGE
$2.8M - Seed
Advotics (2016, Jakarta, $5.5M)
Field sales management platform
East Ventures
Southeast Asia Tech - March 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
List of Funding Rounds (5/6)
List of Funding Rounds in SEA Tech in March 2021
SEA Tech: List of Funding Rounds
Note: Seed Stage (Seed, Angel), Early Stage (Series A, Series B), Late Stage (Series C+), PE
9
SEED STAGE
$3.0M - Seed
SGProtein (2020, Singapore, $3.0M)
Platform offering contract manufacturing platform of
planet-based meats
Khong Guan, Commonwealth Capital
SEED STAGE
$4.6M - Seed
Nimbly Technologies (2018, Jakarta, $5.7M)
Customer experience and operations management
software
Insignia Ventures Partners, Sovereign's Capital, Saison
Capital
SEED STAGE
$19.0M - Seed
Enjin (2009, Singapore, $19.0M)
Blockchain based gaming platform to create virtual
assets
CRYPTO, Hashed, DEG
SEED STAGE
Seed
Atomionics (2018, Singapore)
Provider of Quantum sensors for environment sensing
applications.
Wavemaker Partners, SGInnovate, 500 Durians,
Entrepreneur First, CAP Vista
SEED STAGE
Seed
BitKeep (2018, Singapore)
Multi-chain digital wallet for cryptocurrencies
BitMAX
SEED STAGE
Seed
Dropezy (2019, Jakarta)
Subscription-based online retailer of daily essential
grocery products
Kopi kenangan, Taurus Ventures
SEED STAGE
Seed
Kine (2016, Singapore)
Financial solutions for cryptocurrencies
Krypital Group
SEED STAGE
Seed
Noice (2018, )
Online radio and podcast streaming platform
Alpha JWC Ventures, Kinesys Group
SEED STAGE
Seed
Tranglo (2008, Kuala Lumpur)
Global cross-border payment processing platform
Ripple
SEED STAGE
Seed
Gimo (2019, Hanoi)
Online payroll payment platform providing employees
with access to early wage financing
ThinkZone,
Southeast Asia Tech - March 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
List of Funding Rounds (6/6)
List of Funding Rounds in SEA Tech in March 2021
SEA Tech: List of Funding Rounds
Note: Seed Stage (Seed, Angel), Early Stage (Series A, Series B), Late Stage (Series C+), PE
10
SEED STAGE
Angel
Easy Eat (2019, Singapore)
Provider of management and analytics solutions for
restaurants
Manik Gupta, Bala Chandra
SEED STAGE
Seed
Brick (2019, Jakarta)
Open banking API provider
PT Prasetia Dwidharma, Antler, 1982 Ventures, Rally
Cap Ventures, Better Tomorrow Ventures
SEED STAGE
Seed
Haulio (2017, Singapore, $802.8K)
Collaborative marketplace for booking trucking
services
Supply Chain Angels, PSA unboXed, GHS Ventures, , ,
and 3 more
SEED STAGE
Seed
Segari (2020, Tangerang)
Online platform offering multi-category grocery
products
Beenext, ACVentures, Saison Capital
SEED STAGE
Seed
Fundiin (2018, Ho Chi Minh City)
App-based platform for purchase financing
1982 Ventures, Zone Startups
SEED STAGE
Seed
F-drones (2019, Singapore)
Developer of autonomous electric delivery drones for
maritime logistics
Eastern Pacific Shipping, Orient Capital, Superangel,
Schulte Group, Entrepreneur First
Southeast Asia Tech - March 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
New Investors (1/2)
List of New Investors in SEA Tech in March 2021
SEA Tech: List of New Investors
11
Investor Company Info Round Amount Round Name
Ripple
8 portfolio companies | Provider of open-source cryptocurrency coins for money
transfer
Tranglo
Global cross-border payment processing platform
Undisclosed Seed
iseed.asia
1 portfolio companies | Notion – The all-in-one workspace for your notes, tasks,
wikis, and databases.
Haulio
Collaborative marketplace for booking trucking services
Undisclosed Seed
Magnus Capital Partners
1 portfolio companies | Value-added strategy focused real estate fund
PolkaFoundry
Online platform for creating DeFi applications
$1.90M Seed
Citrine Capital
1 portfolio companies | Micro venture capital firm investing in impact sectors
Mesh Bio
Provider of chronic disease management software
$1.80M Seed
regisandsavoy.com
1 portfolio companies | Regis & Savoy Capital, Bengaluru
DLT
Supply chain management dApps provider
$7.00M Series A
Breyer Capital
51 portfolio companies | Early-stage tech-focused VC & PE firm funding
companies in the US and the UK
imToken
Digital asset wallet for cryptocurrency exchange
$30.00M Series B
Ribbit Capital
157 portfolio companies | Early-stage centric tech-focused VC firm investing in
globally
Ajaib
Online investing platform for stocks and mutual funds
$65.00M Series A
GHS Ventures
1 portfolio companies | Real estate funds focused on core+, value-add, and
opportunistic investments
Haulio
Collaborative marketplace for booking trucking services
Undisclosed Seed
1982 Ventures
2 portfolio companies | Venture capital fund investing in seed-stage startups
Fundiin
App-based platform for purchase financing
Undisclosed Seed
Rally Cap Ventures
3 portfolio companies | Angel network focused on fintech startups
Brick
Open banking API provider
Undisclosed Seed
Southeast Asia Tech - March 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
New Investors (2/2)
List of New Investors in SEA Tech in March 2021
SEA Tech: List of New Investors
12
Investor Company Info Round Amount Round Name
Longling Capital
29 portfolio companies | Seed-stage tech-focused VC firm investing primarily in
China
imToken
Digital asset wallet for cryptocurrency exchange
$30.00M Series B
Daiwa Securities Group
7 portfolio companies | Investment banking firm based out of Japan
SiCepat
App-based provider of e-commerce delivery services
$170M Series B
Superangel
20 portfolio companies | VC firm investing in early-stage startups
F-drones
Developer of autonomous electric delivery drones for maritime logistics
Undisclosed Seed
CRYPTO
1 portfolio companies | Blockchain-based financial solutions for
cryptocurrencies
Enjin
Blockchain based gaming platform to create virtual assets
$19.00M Seed
Commonwealth Capital
1 portfolio companies | Private equity fund investing in multiple sectors
SGProtein
Platform offering contract manufacturing platform of planet-based
meats
$2.97M Seed
Temokin
1 portfolio companies | Temokin | Who built Malaysia’s new Istana Negara?
Temokin did!
Ouch Free
App-based insurance comparison platform for individuals
$364K Seed
Orient Capital
3 portfolio companies | Investor Relations platform provider
F-drones
Developer of autonomous electric delivery drones for maritime logistics
Undisclosed Seed
Iconiq Capital
27 portfolio companies | Multi-family office and wealth management firm
Ajaib
Online investing platform for stocks and mutual funds
$65.00M Series A
Sigma Capital Partners
2 portfolio companies | PE firm investing in North America
PolkaFoundry
Online platform for creating DeFi applications
$1.90M Seed
Eastern Pacific Shipping
1 portfolio companies | Eastern Pacific Shipping
F-drones
Developer of autonomous electric delivery drones for maritime logistics
Undisclosed Seed
Southeast Asia Tech - March 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
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.
13
Rank Business Model $ Funding # Rounds Top Funding Round
1 -- Online Horizontal Marketplace $1.1B 4 Tokopedia | $500M | Series H
2 ▲2 Card Linked Payment Wallets $675M 4 Grab | $300M | Series H
3 ▼-2 Digital Wallets $571M 16 Grab | $300M | Series H
4 ▼-1 Cab Ride-Hailing $505M 7 Grab | $300M | Series H
5 ▲1 Online Travel Agencies $251M 2 Traveloka | $250M | Series D
6 ▲43 Residential Real Estate Listings $245M 6 PropertyGuru | $220M | Series E
7 ▲54 Commercial Real Estate Listings $220M 1 PropertyGuru | $220M | Series E
8 ▼-3 Online Business Payments $200M 3 Voyager Innov.. | $120M | Series D
9 -- P2P Wallet Remittance $175M 1 Mynt | $175M | Series A
10 --
Alternative Lending > Online Lenders > Diversified >
Direct Lender
$175M 1 Mynt | $175M | Series A
Southeast Asia Tech - March 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
New Analyst Picks (1/4)
Interesting Companies identified by Analysts in SEA Tech in March 2021
SEA Tech: Analyst Picks
14
Upgraded to SOONICORN
Xendit (2014, Jakarta, Undisclosed, Series B)
Online payment and money transfer solution for
businesses
GMO Venture Partners, Amasia, Kleiner Perkins and 11
other Investors
Upgraded to SOONICORN
Ajaib (2018, Jakarta, $2.1M, Seed)
Online investing platform for stocks and mutual funds
Horizons Ventures, Alpha JWC Ventures, Iconiq Capital
and 8 other Investors
Upgraded to SOONICORN
imToken (2016, Singapore, $30.0M, Series B)
Digital asset wallet for cryptocurrency exchange
IDG Capital, Breyer Capital, Longling Capital and 5
other Investors
Upgraded to MINICORN
Xfers (2014, Singapore, $2.5M, Seed)
Online payments and internet banking solutions for
businesses
Challenger Ventures Group, Golden Gate Ventures,
Partech Partners and 12 other Investors
Upgraded to MINICORN
KitaBeli (2020, Jakarta, Undisclosed, Seed)
App based platform offering group buying solution for
multi-category products
East Ventures,GO Venture Capital,ACVenturesand
Upgraded to MINICORN
BUILK (2010, Watthana, Undisclosed, Seed)
Construction project management and collaboration
platform
500 Startups, AddVentures, Beacon VC and 1 other
Investors
Upgraded to MINICORN
IDCloudHost (2015, Bandung, $5.0M, Series A)
Cloud Infrastructure provider
Mandiri Capital Indonesia,init 6and
Upgraded to MINICORN
Point Avenue (2018, Hanoi, $12.0M, Series A)
Provider of AI-based tutors, educational services, and
integrated educational products
NPX Capital,GAW Capital Partnersand
Southeast Asia Tech - March 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
New Analyst Picks (2/4)
Interesting Companies identified by Analysts in SEA Tech in March 2021
SEA Tech: Analyst Picks
15
Added to Editor's Pick
Pixibo (2016, Singapore, Undisclosed, Series A)
Conversational AI based personalized fitting adviser
Atlas Venture, Lyra Ventures, Laguna Consulting and 7
other Investors
Added to Editor's Pick
RateS (2019, , Undisclosed, Seed)
App based reward platform
Vertex Ventures,Alpha JWC Ventures,Genesis
Venturesand
Added to Editor's Pick
Uilicious (2016, Singapore, $17.9K, Seed)
Cloud-based automated website UI testing platform
Entrepreneur First,Monk's Hill Ventures,XinCapand
Added to Editor's Pick
Genius U (2013, Singapore, $1.4M, Seed)
Online platform connecting entrepreneurs and
providing online courses
Added to Editor's Pick
Storms (2019, Singapore, Undisclosed, Series A)
Mobile gaming platform
,SK Telecom,Singteland
Added to Editor's Pick
ACKTEC Technologies (2015, Singapore, $1.0M,
Seed)
Provider of AI-based learning platform and learning
management system
Govin Capital, RISE Conf, Octava and 2 other Investors
Added to Editor's Pick
Friz (2020, Singapore, Undisclosed, Seed)
Online lending platform providing credit lines to
freelancers
500 Startups,Iterative Accelerator,Y Combinatorand
Added to Editor's Pick
My Bump (2015, Petaling Jaya, $61.8K, Seed)
Traditional advertising platform by endorsing brands
on car
ScaleUp Malaysiaand
Added to Editor's Pick
Mesh Bio (2018, Singapore, $1.8M, Seed)
Provider of chronic disease management software
TAEL Partners, Elev8.vc, Citrine Capital and 2 other
Investors
Added to Editor's Pick
Got It (2015, Ho Chi Minh City, $6.0M, Series A)
Online platform for buying vouchers for gifting
3 Comma Capital,VNG,and
Added to Editor's Pick
Arincare (2015, Bangkok, Undisclosed, Series A)
Pharmacy management solution for pharmacists
Nexter Ventures,Mitsubishi Corporationand
Added to Editor's Pick
PolkaFoundry (2018, Singapore, $1.9M, Seed)
Online platform for creating DeFi applications
Master, Magnus Capital Partners, and 5 other
Investors
Southeast Asia Tech - March 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
New Analyst Picks (3/4)
Interesting Companies identified by Analysts in SEA Tech in March 2021
SEA Tech: Analyst Picks
16
Added to Editor's Pick
Kitabisa (2013, Jakarta, Unfunded)
Donation-based zakat platform for individuals
Ango Venturesand
Added to Editor's Pick
Segari (2020, Tangerang, Undisclosed, Seed)
Online platform offering multi-category grocery
products
Saison Capital,Beenext,ACVenturesand
Added to Editor's Pick
Noice (2018, , Undisclosed, Seed)
Online radio and podcast streaming platform
Kinesys Group,Alpha JWC Venturesand
Added to Editor's Pick
KOCO Paper (2020, Singapore, $520K, Seed)
Provider of assignments management platform for
teachers
Added to Editor's Pick
Moota (2017, Bandung, Unfunded)
Bank account monitoring solutions for businesses
Added to Editor's Pick
Bebox (1999, Ampang, Unfunded)
Mobile learning platform for enterprises
Added to Editor's Pick
Lingkup (2019, Jakarta, Unfunded)
Cloud-based field force management software for
enterprises
Added to Editor's Pick
EQBenefits (2018, Singapore, Unfunded)
Provider of health & wellness privilege card for
healthcare discounts
Added to Editor's Pick
Influencer House (2019, Bangkok, Unfunded)
AI-based influencer marketing platform
Added to Editor's Pick
MAP Protocol (2020, Singapore, Unfunded)
AI & IoT-enabled chain-to-chain interoperation
protocol
Added to Editor's Pick
Betafi (2020, Singapore, Unfunded)
Product research and feedback platform
Added to Editor's Pick
SEMrush (, Unfunded)
Cloud-based platform providing competitive
intelligence solutions
Southeast Asia Tech - March 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
New Analyst Picks (4/4)
Interesting Companies identified by Analysts in SEA Tech in March 2021
SEA Tech: Analyst Picks
17
Added to Editor's Pick
CreditBird (2018, Ho Chi Minh City, Unfunded)
Online P2P lending platform for consumer and
business loans
Added to Editor's Pick
SatisFIND (2005, Singapore, Unfunded)
Customer and employee experience management
platform
Southeast Asia Tech - March 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
IPO Date Company IPO Mcap Exchange Ticker
11 Mar 2021
Prestige BioPharma (2014, Singapore, )
Singaporean biotech company developing biosimilars for oncology
$0.1B KRX:334970
23 Mar 2021
Wellteq (2013, Singapore, $1.6M)
Virtual team activity challenge for workplaces.
CSE:WTEQ
IPOs
List of IPOs in SEA Tech in March 2021
SEA Tech: IPOs
18
Southeast Asia Tech - March 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Acquisitions
List of Acquisitions in SEA Tech in March 2021
SEA Tech: Acquisitions
19
Acq. Date Company Acquirer Deal Size
04 Mar 2021
Vivant(2017, Singapore)
Online platform for health record management
Symbo Insurance
05 Mar 2021
Stamped(2016)
Provider of eCommerce marketing solution for businesses
Wecommerce
17 Mar 2021
Sincere Fine Watches(1954, Singapore)
Online retailer and distributor of luxury watches
Cortina Holdings $63.0M
24 Mar 2021
FairDee(2017, Bangkok)
Insurance quoting software
Qoala
30 Mar 2021
Opus 2 International(2008, Singapore)
Litigation software and services
Astorg Partners
Southeast Asia Tech - March 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Recent News (1/2)
Recent News in SEA Tech in March 2021
SEA Tech:News
20
Exit News
.
● Grab weighs US listing through SPAC merger The Straits Times
.
● Tokopedia, Gojek Said To Ink Merger Deal Worth As Much As $40 Billion
PYMNTS.com
.
● TikTok And Kuaishou Rival, Lomotif, Sells To Zash Adgully
.
● Indonesian Microretail Startup Warung Pintar Acquires B2B Ecommerce Firm
Bizzy Digital In $45M Deal Volanews
.
● PropertyGuru weighs US listing via SPAC The Business Times
.
● Rivendell PE to sell stake in Rolex Rings Livemint
.
● Bukalapak mulls US IPO through merger with blank-check firm Tech in Asia
.
● Indonesian insurtech firm Qoala acquires Thailand’s FairDee Tech in Asia
.
Fund News
.
● Singapore blockchain firm Zilliqa launches $5m fund to back startups Deal Street
Asia
.
● Wellteq Appoints Global Corporate Wellness Sales Executive as Chief Growth
Officer Calgary Herald
.
● Bybit Announces Daniel Lim as General Counsel PR Newswire
.
Company News
.
● Beckman Coulter wins FDA EUA for COVID-19 IgG II antibody test MassDevice
.
● Tonik Launches as First Neobank in the Philippines Financial IT
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Tracxn - Geo - SEA Tech - Mar 2021

  • 2. Southeast Asia Tech - March 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved. Contents 2 SEA Tech Snapshot 3 Investment Snapshot 4 List of Funding Rounds 5 New Investors 11 Top Funded Business Models - last 1 year 13 New Analyst Picks 14 IPOs 18 Acquisitions 19 Recent News 20
  • 3. Southeast Asia Tech - March 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved. SEA Tech Snapshot – March 2021 SEA Tech: Snapshot – March 2021 Note : "Investors" refers to "Institutional Investors" only 3 $487M 16 2 Overall Geo Stats 20 5 102 34 53 Funding Rounds $ Invested Analyst Picks Xendit Upgraded to SOONICORN New Investors Ripple iseed.asia Series A+ rounds Active Investors IPOs Prestige BioPharma Wellteq Acquisitions Vivant#@ Stamped#@ Top Funding Rounds Top Markets Top Investors Top Cities Monthly Leader Board Singapore (20 Rounds, $106M) Jakarta (10 Rounds, $337M) Kuala Lumpur (8 Rounds, $1.9M) Ho Chi Minh City (4 Rounds, $9.5M) $170M - Series B SiCepat (2014, Jakarta, $324M) $65M - Series A Ajaib (2018, Jakarta, $92.2M) $64.6M - Series B Xendit (2014, Jakarta, $88M) $30M - Series A Xfers (2014, Singapore, $32.5M) ScaleUp Malaysia (7 Investments) Y Combinator (5 Investments) East Ventures (3 Investments) Saison Capital (3 Investments) Logistics Tech SiCepat E-Commerce Enablers Payments Xendit Investment Tech Ajaib Market Size Companies Covered 26,702 Funded Companies 4,165 Total Funding $41.0B Funding in last 12 months $6.6B Top Exits IPOs 185 Acquisitions 483 Company Stage Unicorns 10 Soonicorns 74 Minicorns 364 Editor Picks 1,727 Series A+ 831 Series C+ 142 Acqui-Hires 15 Deadpooled 4,121 Top Cities Singapore (1,824 Rounds, $21.3B) Jakarta (628 Rounds, $12.4B) Top Investors East Ventures (125 Investments) 500 Durians (112 Investments)
  • 4. Southeast Asia Tech - March 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved. Investment Snapshot Investment Snapshot of SEA Tech as of March 2021 SEA Tech: Investment Snapshot 4 # Rounds $ Funding Investment Trend Top Investments (March 2021)* SiCepat (2014, Jakarta, $324M) $170M - Series B MDI Ventures Ajaib (2018, Jakarta, $92.2M) $65.0M - Series A Ribbit Capital Xendit (2014, Jakarta, $88.0M) $64.6M - Series B Accel imToken (2016, Singapore, $40.0M) $30.0M - Series B IDG Capital Xfers (2014, Singapore, $32.5M) $30.0M - Series A PAYFAZZ Pluang (2013, Jakarta, $23.0M) $20.0M - Series A Openspace Ventures Enjin (2009, Singapore, $19.0M) $19.0M - Seed CRYPTO Kumu (2017, Makati, $6.2M) $15.0M - Series B Openspace Ventures Point Avenue (2018, Hanoi, $12.0M) $12.0M - Series A GAW Capital Partners KitaBeli (2020, Jakarta, $10.0M) $10.0M - Series A GO Venture Capital Singlife (2014, Singapore, $189M) $8.7M - Series C Ion Pacific *Shows only the lead Investors
  • 5. Southeast Asia Tech - March 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved. List of Funding Rounds (1/6) List of Funding Rounds in SEA Tech in March 2021 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 $8.7M - Series C Singlife (2014, Singapore, $189.0M) App-based life insurance platform for individuals Ion Pacific EARLY STAGE $5.0M - Series A IDCloudHost (2015, Bandung, $5.0M) Cloud Infrastructure provider init 6 EARLY STAGE $6.0M - Series A Got It (2015, Ho Chi Minh City, $6.0M) Online platform for buying vouchers for gifting VNG EARLY STAGE $7.0M - Series A DLT (2017, Singapore, $9.5M) Supply chain management dApps provider , Walden International EARLY STAGE $10.0M - Series A KitaBeli (2020, Jakarta, $10.0M) App based platform offering group buying solution for multi-category products GO Venture Capital, ACVentures, East Ventures EARLY STAGE $12.0M - Series A Point Avenue (2018, Hanoi, $12.0M) Provider of AI-based tutors, educational services, and integrated educational products GAW Capital Partners EARLY STAGE $15.0M - Series B Kumu (2017, Makati, $6.2M) Platform to connect with Filipino communities Openspace Ventures EARLY STAGE $20.0M - Series A Pluang (2013, Jakarta, $23.0M) Gold investment platform Openspace Ventures, GO Venture Capital EARLY STAGE $30.0M - Series A Xfers (2014, Singapore, $32.5M) Online payments and internet banking solutions for businesses PAYFAZZ EARLY STAGE $30.0M - Series B imToken (2016, Singapore, $40.0M) Digital asset wallet for cryptocurrency exchange Qiming Venture Partners, HashKey, IDG Capital, Longling Capital, Breyer Capital, and 3 more
  • 6. Southeast Asia Tech - March 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved. List of Funding Rounds (2/6) List of Funding Rounds in SEA Tech in March 2021 SEA Tech: List of Funding Rounds Note: Seed Stage (Seed, Angel), Early Stage (Series A, Series B), Late Stage (Series C+), PE 6 EARLY STAGE $64.6M - Series B Xendit (2014, Jakarta, $88.0M) Online payment and money transfer solution for businesses Accel, Y Combinator EARLY STAGE $65.0M - Series A Ajaib (2018, Jakarta, $92.2M) Online investing platform for stocks and mutual funds Ribbit Capital, SoftBank Ventures Asia, Iconiq Capital, Insignia Ventures Partners, Y Combinator, and 5 more EARLY STAGE $170.0M - Series B SiCepat (2014, Jakarta, $323.5M) App-based provider of e-commerce delivery services MDI Ventures, DEG, Kejora Ventures, Indies Capital Partners, Pavilion Capital Partners, and 1 more EARLY STAGE Series B BUILK (2010, Watthana, $400.0K) Construction project management and collaboration platform Beacon VC EARLY STAGE Series A Eximku (2016, Jakarta, $1.5M) Platform for B2B cross border logistics facilitating import-export BRI Ventures EARLY STAGE Series A Storms (2019, Singapore) Mobile gaming platform SK Telecom, , Singtel SEED STAGE $1.7K - Seed Bukku (2019, Kuala Lumpur, $1.7K) Cloud-based accounting software for small businesses SEED STAGE $61.8K - Seed Quadby (2019, Kuala Lumpur, $61.8K) Mobile-based platform providing a social community of students ScaleUp Malaysia SEED STAGE $61.8K - Seed My Bump (2015, Petaling Jaya, $61.8K) Traditional advertising platform by endorsing brands on car ScaleUp Malaysia
  • 7. Southeast Asia Tech - March 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved. List of Funding Rounds (3/6) List of Funding Rounds in SEA Tech in March 2021 SEA Tech: List of Funding Rounds Note: Seed Stage (Seed, Angel), Early Stage (Series A, Series B), Late Stage (Series C+), PE 7 SEED STAGE $61.8K - Seed Kiddocare (2018, Cyberjaya, $61.8K) App-based marketplace for babysitters ScaleUp Malaysia SEED STAGE $61.8K - Seed HAUZ Solution (2018, Kuala Lumpur, $61.8K) Workforce management solutions for multiple industries ScaleUp Malaysia SEED STAGE $61.8K - Seed Fefifo (2019, Kuala Lumpur, $61.8K) Online platform offering farming and consulting services ScaleUp Malaysia SEED STAGE $61.8K - Seed Makcik Kafe (1982, Kuala Lumpur, $61.8K) Platform offering bakery products ScaleUp Malaysia SEED STAGE $61.8K - Seed load2go (2017, Petaling Jaya, $61.8K) App-based marketplace for freight transportation ScaleUp Malaysia SEED STAGE $125.0K - Seed Zealth-AI (2020, Singapore, $125.0K) Provider of AI-based patient monitoring and symptom tracking platform Y Combinator SEED STAGE $125.0K - Seed NextPay (2019, Makati, $125.0K) Accounts payable, receivable management, and payment automation solutions for businesses Y Combinator SEED STAGE $364.2K - Seed Ouch Free (2019, Kuala Lumpur, $364.2K) App-based insurance comparison platform for individuals Vynn Capital, Temokin SEED STAGE $519.8K - Seed KOCO Paper (2020, Singapore, $519.8K) Provider of assignments management platform for teachers
  • 8. Southeast Asia Tech - March 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved. List of Funding Rounds (4/6) List of Funding Rounds in SEA Tech in March 2021 SEA Tech: List of Funding Rounds Note: Seed Stage (Seed, Angel), Early Stage (Series A, Series B), Late Stage (Series C+), PE 8 SEED STAGE $1.0M - Seed ACKTEC Technologies (2015, Singapore, $1.0M) Provider of AI-based learning platform and learning management system Octava, EduSpaze, Govin Capital, Seeds Capital SEED STAGE $1.0M - Seed Citics (2016, Ho Chi Minh City, $1.7M) Provider of tech-enabled property valuation services Vulpes Invest, Nextrans, The Ventures SEED STAGE $1.3M - Seed BrioHR (2018, Kuala Lumpur, $1.3M) Cloud-based human resource management software solution Global Founders Capital, Y Combinator, East Ventures SEED STAGE $1.5M - Seed Uilicious (2016, Singapore, $1.5M) Cloud-based automated website UI testing platform Monk's Hill Ventures SEED STAGE $1.8M - Seed Mesh Bio (2018, Singapore, $1.8M) Provider of chronic disease management software Elev8.vc, Enterprise Singapore, Citrine Capital, TAEL Partners SEED STAGE $1.8M - Seed TazaPay (2020, Singapore, $5.0M) Cross-border money transfers platform for businesses RTP Global, January Capital, Surge, Saison Capital SEED STAGE $1.9M - Seed PolkaFoundry (2018, Singapore, $1.9M) Online platform for creating DeFi applications Sigma Capital Partners, Master, , AU21 Capital, Magnus Capital Partners, and 2 more SEED STAGE $2.5M - Seed GENETICA (2018, Ho Chi Minh City, $2.5M) Provider of DNA based genetic testing and analysis Dave Strohm, Craig Sherman, Guy Miasnik SEED STAGE $2.8M - Seed Advotics (2016, Jakarta, $5.5M) Field sales management platform East Ventures
  • 9. Southeast Asia Tech - March 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved. List of Funding Rounds (5/6) List of Funding Rounds in SEA Tech in March 2021 SEA Tech: List of Funding Rounds Note: Seed Stage (Seed, Angel), Early Stage (Series A, Series B), Late Stage (Series C+), PE 9 SEED STAGE $3.0M - Seed SGProtein (2020, Singapore, $3.0M) Platform offering contract manufacturing platform of planet-based meats Khong Guan, Commonwealth Capital SEED STAGE $4.6M - Seed Nimbly Technologies (2018, Jakarta, $5.7M) Customer experience and operations management software Insignia Ventures Partners, Sovereign's Capital, Saison Capital SEED STAGE $19.0M - Seed Enjin (2009, Singapore, $19.0M) Blockchain based gaming platform to create virtual assets CRYPTO, Hashed, DEG SEED STAGE Seed Atomionics (2018, Singapore) Provider of Quantum sensors for environment sensing applications. Wavemaker Partners, SGInnovate, 500 Durians, Entrepreneur First, CAP Vista SEED STAGE Seed BitKeep (2018, Singapore) Multi-chain digital wallet for cryptocurrencies BitMAX SEED STAGE Seed Dropezy (2019, Jakarta) Subscription-based online retailer of daily essential grocery products Kopi kenangan, Taurus Ventures SEED STAGE Seed Kine (2016, Singapore) Financial solutions for cryptocurrencies Krypital Group SEED STAGE Seed Noice (2018, ) Online radio and podcast streaming platform Alpha JWC Ventures, Kinesys Group SEED STAGE Seed Tranglo (2008, Kuala Lumpur) Global cross-border payment processing platform Ripple SEED STAGE Seed Gimo (2019, Hanoi) Online payroll payment platform providing employees with access to early wage financing ThinkZone,
  • 10. Southeast Asia Tech - March 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved. List of Funding Rounds (6/6) List of Funding Rounds in SEA Tech in March 2021 SEA Tech: List of Funding Rounds Note: Seed Stage (Seed, Angel), Early Stage (Series A, Series B), Late Stage (Series C+), PE 10 SEED STAGE Angel Easy Eat (2019, Singapore) Provider of management and analytics solutions for restaurants Manik Gupta, Bala Chandra SEED STAGE Seed Brick (2019, Jakarta) Open banking API provider PT Prasetia Dwidharma, Antler, 1982 Ventures, Rally Cap Ventures, Better Tomorrow Ventures SEED STAGE Seed Haulio (2017, Singapore, $802.8K) Collaborative marketplace for booking trucking services Supply Chain Angels, PSA unboXed, GHS Ventures, , , and 3 more SEED STAGE Seed Segari (2020, Tangerang) Online platform offering multi-category grocery products Beenext, ACVentures, Saison Capital SEED STAGE Seed Fundiin (2018, Ho Chi Minh City) App-based platform for purchase financing 1982 Ventures, Zone Startups SEED STAGE Seed F-drones (2019, Singapore) Developer of autonomous electric delivery drones for maritime logistics Eastern Pacific Shipping, Orient Capital, Superangel, Schulte Group, Entrepreneur First
  • 11. Southeast Asia Tech - March 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved. New Investors (1/2) List of New Investors in SEA Tech in March 2021 SEA Tech: List of New Investors 11 Investor Company Info Round Amount Round Name Ripple 8 portfolio companies | Provider of open-source cryptocurrency coins for money transfer Tranglo Global cross-border payment processing platform Undisclosed Seed iseed.asia 1 portfolio companies | Notion – The all-in-one workspace for your notes, tasks, wikis, and databases. Haulio Collaborative marketplace for booking trucking services Undisclosed Seed Magnus Capital Partners 1 portfolio companies | Value-added strategy focused real estate fund PolkaFoundry Online platform for creating DeFi applications $1.90M Seed Citrine Capital 1 portfolio companies | Micro venture capital firm investing in impact sectors Mesh Bio Provider of chronic disease management software $1.80M Seed regisandsavoy.com 1 portfolio companies | Regis & Savoy Capital, Bengaluru DLT Supply chain management dApps provider $7.00M Series A Breyer Capital 51 portfolio companies | Early-stage tech-focused VC & PE firm funding companies in the US and the UK imToken Digital asset wallet for cryptocurrency exchange $30.00M Series B Ribbit Capital 157 portfolio companies | Early-stage centric tech-focused VC firm investing in globally Ajaib Online investing platform for stocks and mutual funds $65.00M Series A GHS Ventures 1 portfolio companies | Real estate funds focused on core+, value-add, and opportunistic investments Haulio Collaborative marketplace for booking trucking services Undisclosed Seed 1982 Ventures 2 portfolio companies | Venture capital fund investing in seed-stage startups Fundiin App-based platform for purchase financing Undisclosed Seed Rally Cap Ventures 3 portfolio companies | Angel network focused on fintech startups Brick Open banking API provider Undisclosed Seed
  • 12. Southeast Asia Tech - March 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved. New Investors (2/2) List of New Investors in SEA Tech in March 2021 SEA Tech: List of New Investors 12 Investor Company Info Round Amount Round Name Longling Capital 29 portfolio companies | Seed-stage tech-focused VC firm investing primarily in China imToken Digital asset wallet for cryptocurrency exchange $30.00M Series B Daiwa Securities Group 7 portfolio companies | Investment banking firm based out of Japan SiCepat App-based provider of e-commerce delivery services $170M Series B Superangel 20 portfolio companies | VC firm investing in early-stage startups F-drones Developer of autonomous electric delivery drones for maritime logistics Undisclosed Seed CRYPTO 1 portfolio companies | Blockchain-based financial solutions for cryptocurrencies Enjin Blockchain based gaming platform to create virtual assets $19.00M Seed Commonwealth Capital 1 portfolio companies | Private equity fund investing in multiple sectors SGProtein Platform offering contract manufacturing platform of planet-based meats $2.97M Seed Temokin 1 portfolio companies | Temokin | Who built Malaysia’s new Istana Negara? Temokin did! Ouch Free App-based insurance comparison platform for individuals $364K Seed Orient Capital 3 portfolio companies | Investor Relations platform provider F-drones Developer of autonomous electric delivery drones for maritime logistics Undisclosed Seed Iconiq Capital 27 portfolio companies | Multi-family office and wealth management firm Ajaib Online investing platform for stocks and mutual funds $65.00M Series A Sigma Capital Partners 2 portfolio companies | PE firm investing in North America PolkaFoundry Online platform for creating DeFi applications $1.90M Seed Eastern Pacific Shipping 1 portfolio companies | Eastern Pacific Shipping F-drones Developer of autonomous electric delivery drones for maritime logistics Undisclosed Seed
  • 13. Southeast Asia Tech - March 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved. 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. 13 Rank Business Model $ Funding # Rounds Top Funding Round 1 -- Online Horizontal Marketplace $1.1B 4 Tokopedia | $500M | Series H 2 ▲2 Card Linked Payment Wallets $675M 4 Grab | $300M | Series H 3 ▼-2 Digital Wallets $571M 16 Grab | $300M | Series H 4 ▼-1 Cab Ride-Hailing $505M 7 Grab | $300M | Series H 5 ▲1 Online Travel Agencies $251M 2 Traveloka | $250M | Series D 6 ▲43 Residential Real Estate Listings $245M 6 PropertyGuru | $220M | Series E 7 ▲54 Commercial Real Estate Listings $220M 1 PropertyGuru | $220M | Series E 8 ▼-3 Online Business Payments $200M 3 Voyager Innov.. | $120M | Series D 9 -- P2P Wallet Remittance $175M 1 Mynt | $175M | Series A 10 -- Alternative Lending > Online Lenders > Diversified > Direct Lender $175M 1 Mynt | $175M | Series A
  • 14. Southeast Asia Tech - March 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved. New Analyst Picks (1/4) Interesting Companies identified by Analysts in SEA Tech in March 2021 SEA Tech: Analyst Picks 14 Upgraded to SOONICORN Xendit (2014, Jakarta, Undisclosed, Series B) Online payment and money transfer solution for businesses GMO Venture Partners, Amasia, Kleiner Perkins and 11 other Investors Upgraded to SOONICORN Ajaib (2018, Jakarta, $2.1M, Seed) Online investing platform for stocks and mutual funds Horizons Ventures, Alpha JWC Ventures, Iconiq Capital and 8 other Investors Upgraded to SOONICORN imToken (2016, Singapore, $30.0M, Series B) Digital asset wallet for cryptocurrency exchange IDG Capital, Breyer Capital, Longling Capital and 5 other Investors Upgraded to MINICORN Xfers (2014, Singapore, $2.5M, Seed) Online payments and internet banking solutions for businesses Challenger Ventures Group, Golden Gate Ventures, Partech Partners and 12 other Investors Upgraded to MINICORN KitaBeli (2020, Jakarta, Undisclosed, Seed) App based platform offering group buying solution for multi-category products East Ventures,GO Venture Capital,ACVenturesand Upgraded to MINICORN BUILK (2010, Watthana, Undisclosed, Seed) Construction project management and collaboration platform 500 Startups, AddVentures, Beacon VC and 1 other Investors Upgraded to MINICORN IDCloudHost (2015, Bandung, $5.0M, Series A) Cloud Infrastructure provider Mandiri Capital Indonesia,init 6and Upgraded to MINICORN Point Avenue (2018, Hanoi, $12.0M, Series A) Provider of AI-based tutors, educational services, and integrated educational products NPX Capital,GAW Capital Partnersand
  • 15. Southeast Asia Tech - March 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved. New Analyst Picks (2/4) Interesting Companies identified by Analysts in SEA Tech in March 2021 SEA Tech: Analyst Picks 15 Added to Editor's Pick Pixibo (2016, Singapore, Undisclosed, Series A) Conversational AI based personalized fitting adviser Atlas Venture, Lyra Ventures, Laguna Consulting and 7 other Investors Added to Editor's Pick RateS (2019, , Undisclosed, Seed) App based reward platform Vertex Ventures,Alpha JWC Ventures,Genesis Venturesand Added to Editor's Pick Uilicious (2016, Singapore, $17.9K, Seed) Cloud-based automated website UI testing platform Entrepreneur First,Monk's Hill Ventures,XinCapand Added to Editor's Pick Genius U (2013, Singapore, $1.4M, Seed) Online platform connecting entrepreneurs and providing online courses Added to Editor's Pick Storms (2019, Singapore, Undisclosed, Series A) Mobile gaming platform ,SK Telecom,Singteland Added to Editor's Pick ACKTEC Technologies (2015, Singapore, $1.0M, Seed) Provider of AI-based learning platform and learning management system Govin Capital, RISE Conf, Octava and 2 other Investors Added to Editor's Pick Friz (2020, Singapore, Undisclosed, Seed) Online lending platform providing credit lines to freelancers 500 Startups,Iterative Accelerator,Y Combinatorand Added to Editor's Pick My Bump (2015, Petaling Jaya, $61.8K, Seed) Traditional advertising platform by endorsing brands on car ScaleUp Malaysiaand Added to Editor's Pick Mesh Bio (2018, Singapore, $1.8M, Seed) Provider of chronic disease management software TAEL Partners, Elev8.vc, Citrine Capital and 2 other Investors Added to Editor's Pick Got It (2015, Ho Chi Minh City, $6.0M, Series A) Online platform for buying vouchers for gifting 3 Comma Capital,VNG,and Added to Editor's Pick Arincare (2015, Bangkok, Undisclosed, Series A) Pharmacy management solution for pharmacists Nexter Ventures,Mitsubishi Corporationand Added to Editor's Pick PolkaFoundry (2018, Singapore, $1.9M, Seed) Online platform for creating DeFi applications Master, Magnus Capital Partners, and 5 other Investors
  • 16. Southeast Asia Tech - March 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved. New Analyst Picks (3/4) Interesting Companies identified by Analysts in SEA Tech in March 2021 SEA Tech: Analyst Picks 16 Added to Editor's Pick Kitabisa (2013, Jakarta, Unfunded) Donation-based zakat platform for individuals Ango Venturesand Added to Editor's Pick Segari (2020, Tangerang, Undisclosed, Seed) Online platform offering multi-category grocery products Saison Capital,Beenext,ACVenturesand Added to Editor's Pick Noice (2018, , Undisclosed, Seed) Online radio and podcast streaming platform Kinesys Group,Alpha JWC Venturesand Added to Editor's Pick KOCO Paper (2020, Singapore, $520K, Seed) Provider of assignments management platform for teachers Added to Editor's Pick Moota (2017, Bandung, Unfunded) Bank account monitoring solutions for businesses Added to Editor's Pick Bebox (1999, Ampang, Unfunded) Mobile learning platform for enterprises Added to Editor's Pick Lingkup (2019, Jakarta, Unfunded) Cloud-based field force management software for enterprises Added to Editor's Pick EQBenefits (2018, Singapore, Unfunded) Provider of health & wellness privilege card for healthcare discounts Added to Editor's Pick Influencer House (2019, Bangkok, Unfunded) AI-based influencer marketing platform Added to Editor's Pick MAP Protocol (2020, Singapore, Unfunded) AI & IoT-enabled chain-to-chain interoperation protocol Added to Editor's Pick Betafi (2020, Singapore, Unfunded) Product research and feedback platform Added to Editor's Pick SEMrush (, Unfunded) Cloud-based platform providing competitive intelligence solutions
  • 17. Southeast Asia Tech - March 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved. New Analyst Picks (4/4) Interesting Companies identified by Analysts in SEA Tech in March 2021 SEA Tech: Analyst Picks 17 Added to Editor's Pick CreditBird (2018, Ho Chi Minh City, Unfunded) Online P2P lending platform for consumer and business loans Added to Editor's Pick SatisFIND (2005, Singapore, Unfunded) Customer and employee experience management platform
  • 18. Southeast Asia Tech - March 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved. IPO Date Company IPO Mcap Exchange Ticker 11 Mar 2021 Prestige BioPharma (2014, Singapore, ) Singaporean biotech company developing biosimilars for oncology $0.1B KRX:334970 23 Mar 2021 Wellteq (2013, Singapore, $1.6M) Virtual team activity challenge for workplaces. CSE:WTEQ IPOs List of IPOs in SEA Tech in March 2021 SEA Tech: IPOs 18
  • 19. Southeast Asia Tech - March 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved. Acquisitions List of Acquisitions in SEA Tech in March 2021 SEA Tech: Acquisitions 19 Acq. Date Company Acquirer Deal Size 04 Mar 2021 Vivant(2017, Singapore) Online platform for health record management Symbo Insurance 05 Mar 2021 Stamped(2016) Provider of eCommerce marketing solution for businesses Wecommerce 17 Mar 2021 Sincere Fine Watches(1954, Singapore) Online retailer and distributor of luxury watches Cortina Holdings $63.0M 24 Mar 2021 FairDee(2017, Bangkok) Insurance quoting software Qoala 30 Mar 2021 Opus 2 International(2008, Singapore) Litigation software and services Astorg Partners
  • 20. Southeast Asia Tech - March 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved. Recent News (1/2) Recent News in SEA Tech in March 2021 SEA Tech:News 20 Exit News . ● Grab weighs US listing through SPAC merger The Straits Times . ● Tokopedia, Gojek Said To Ink Merger Deal Worth As Much As $40 Billion PYMNTS.com . ● TikTok And Kuaishou Rival, Lomotif, Sells To Zash Adgully . ● Indonesian Microretail Startup Warung Pintar Acquires B2B Ecommerce Firm Bizzy Digital In $45M Deal Volanews . ● PropertyGuru weighs US listing via SPAC The Business Times . ● Rivendell PE to sell stake in Rolex Rings Livemint . ● Bukalapak mulls US IPO through merger with blank-check firm Tech in Asia . ● Indonesian insurtech firm Qoala acquires Thailand’s FairDee Tech in Asia . Fund News . ● Singapore blockchain firm Zilliqa launches $5m fund to back startups Deal Street Asia . ● Wellteq Appoints Global Corporate Wellness Sales Executive as Chief Growth Officer Calgary Herald . ● Bybit Announces Daniel Lim as General Counsel PR Newswire . Company News . ● Beckman Coulter wins FDA EUA for COVID-19 IgG II antibody test MassDevice . ● Tonik Launches as First Neobank in the Philippines Financial IT
  • 21. Southeast Asia Tech - March 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved. Explore more on Tracxn Explore more about SEA Tech on Tracxn Platform SEA Tech: Explore more on Tracxn Platform 21 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 Tokopedia Competitors of Traveloka Cap Tables of Garena 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
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