The document is a monthly report from Tracxn Technologies on Southeast Asia tech investment trends in July 2021. Some key details include: - Total funding in July was $1.3 billion across 167 funding rounds. - The largest rounds were a $250 million Series B for VNLIFE and $200 million Series D for NIUM. - New investors that entered the market in July included Khosla Ventures and Unilever Ventures. - Singapore and Jakarta saw the most funding activity, while banking tech, remittance, food tech, and B2B e-commerce attracted significant investments.

1. TRACXN MONTHLY REPORT
JULY 2021
SEA TECH

2. Southeast Asia Tech - July 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
Acquisitions 22
Recent News 23

3. Southeast Asia Tech - July 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
SEA Tech Snapshot – July 2021
SEA Tech: Snapshot – July 2021
Note : "Investors" refers to "Institutional Investors" only
3
$1.3B
32
Overall Geo Stats
20
3
167
90
51
Funding Rounds $ Invested Analyst Picks
VNLIFE Upgraded
to UNICORN
New Investors
Khosla Ventures
Unilever Ventures
Series A+
rounds
Active Investors IPOs Acquisitions
Moonstake#@
Favful#@
Top Funding Rounds Top Markets Top Investors Top Cities
Monthly Leader Board
Singapore
(28 Rounds, $600M)
Jakarta
(6 Rounds, $107M)
Metro Manila
(4 Rounds, $3.1M)
Kuala Lumpur
(4 Rounds, $3.1M)
$250M - Series B
VNLIFE (2007, Hanoi, $250M)
$200M - Series D
NIUM (2002, Singapore, $300M)
$100M - Series E
Tiki (2010, Ho Chi Minh City, $297M)
$100M - Series B
GudangAda (2019, Tangerang, $125M)
Foxmont Capital
Partners
(4 Investments)
ACVentures
(3 Investments)
Surge
(3 Investments)
Sequoia Capital
(2 Investments)
Banking Tech
VNLIFE
Remittance
NIUM
Food Tech
TurtleTree
B2B E-Commerce
GudangAda
Market Size
Companies Covered 28,359
Funded Companies 4,195
Total Funding $45.9B
Funding in last 12 months $9.1B
Top Exits
IPOs 129
Acquisitions 468
Company Stage
Unicorns 14
Soonicorns 95
Minicorns 383
Editor Picks 1,964
Series A+ 858
Series C+ 150
Acqui-Hires 17
Deadpooled 4,101
Top Cities
Singapore (1,918 Rounds, $24.2B)
Jakarta (660 Rounds, $13.5B)
Top Investors
East Ventures (126 Investments)
500 Durians (109 Investments)

4. Southeast Asia Tech - July 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Investment Snapshot
Investment Snapshot of SEA Tech as of July 2021
SEA Tech: Investment Snapshot
4
# Rounds
$ Funding
Investment Trend Top Investments (July 2021)*
VNLIFE
(2007, Hanoi, $250M)
$250M - Series B Dragoneer Investment Group
NIUM
(2002, Singapore, $300M)
$200M - Series D Vertex Growth
GudangAda
(2019, Tangerang, $125M)
$100M - Series B Asia Partners
Tiki
(2010, Ho Chi Minh City, $297M)
$100M - Series E
TurtleTree
(2019, Singapore, $89.4M)
$80.0M - Series A Verso Capital
MiRXES
(2014, Singapore, $117M)
$77.0M - Series C Rock Springs Capital
HealthifyMe
(2012, Singapore, $100M)
$75.0M - Series C LeapFrog
HappyFresh
(2014, Bangkok, $97.0M)
$65.0M - Series D Naver
OY!
(2017, Jakarta, $45.0M)
$45.0M - Series A SoftBank Ventures Asia
Aruna
(2016, Jakarta, $40.5M)
$35.0M - Series A Prosus
SEDNA
(2017, Singapore, $44.0M)
$34.0M - Series B Insight Partners
*Shows only the lead Investors

5. Southeast Asia Tech - July 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
List of Funding Rounds (1/6)
List of Funding Rounds in SEA Tech in July 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
$5.0M - Series C
Easybook (2005, Singapore, $8.5M)
Online based platform for booking travel tickets
and accommodation
Emissary Capital
LATE STAGE
$12.0M - Series C
OnlinePajak (2014, Jakarta, $37.0M)
Tax reporting application for SMEs
Tencent, Altos Ventures Capital, Warburg Pincus
LATE STAGE
$65.0M - Series D
HappyFresh (2014, Bangkok, $97.0M)
App-based hyperlocal grocery delivery service
Naver, Mirae Asset, LB Investment, Z Venture
Capital
LATE STAGE
$75.0M - Series C
HealthifyMe (2012, Singapore, $100.3M)
Mobile-based application for tracking diet and meal
planning
LeapFrog, Khosla Ventures, Sistema Asia Capital,
HealthQuad, Chiratae Ventures, and 3 more
LATE STAGE
$77.0M - Series C
MiRXES (2014, Singapore, $117.0M)
Developer of miRNA based test for the detection of
cancer
Rock Springs Capital, Charoen Pokphand Group,
EDBI, Keytone Ventures
LATE STAGE
$100.0M - Series E
Tiki (2010, Ho Chi Minh City, $297.1M)
Online retailer offering multi-category products
LATE STAGE
$200.0M - Series D
NIUM (2002, Singapore, $300.0M)
Cross-border money transfer solutions for
businesses
Riverwood Capital, Visa, Temasek, Beacon VC,
RocketCapital, and 4 more
EARLY STAGE
$1.5M - Series A
Partipost (2016, Singapore, $5.0M)
Platform offering software for influencer marketing
Quest Ventures, SPH Ventures, IGlobe Partners,
XA Network
EARLY STAGE
$4.0M - Series A
Gredu (2016, Jakarta, $4.0M)
Provider of app-based school management system
Intudo Ventures, Vertex Ventures

6. Southeast Asia Tech - July 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
List of Funding Rounds (2/6)
List of Funding Rounds in SEA Tech in July 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
$4.0M - Series A
Multiplier (2020, Singapore, $4.0M)
Cloud-based payroll and compliance platform for
distributed teams
Surge, Picus Capital, Golden Gate Ventures, MS &
AD VENTURES
EARLY STAGE
$4.5M - Series A
Endowus (2017, Singapore, $22.0M)
Goal-based investment platform
Singtel, Samsung Venture Investment, UBS,
Lightspeed Venture Partners, SoftBank Ventures
Asia
EARLY STAGE
$4.6M - Series A
Kamereo (2018, Ho Chi Minh City, $5.1M)
Provider of sourcing and ordering platform for
restaurants and cafes
Charoen Pokphand Foods, Quest Ventures,
Genesia Ventures
EARLY STAGE
$4.8M - Series A
Bukugaji (2020, , $4.8M)
Staff and payroll management software for SMEs
Go Ventures, RTP Global, Alpha JWC Ventures,
Sequoia Capital, FEBE Ventures, and 1 more
EARLY STAGE
$5.9M - Series A
HiLife (2015, Singapore, $5.9M)
Home automation solution for smart condominium
management
Hyron
EARLY STAGE
$6.0M - Series B
Warung Pintar (2017, Jakarta, $41.5M)
Provider of retail store aggregator solution for local
merchants
East Ventures, OVO Fund, Pavilion Capital
Partners, Agaeti Venture Capital, Triputra Group,
and 3 more
EARLY STAGE
$8.0M - Series A
Janio (2018, Singapore, $8.0M)
Provides end-to-end logistics delivery solutions
Choco Up, Innoven Capital
EARLY STAGE
$10.0M - Series A
Shiok Meats (2018, Singapore, $30.7M)
Manufacturer and supplier of lab-cultured meat
products
Woowa Bros, CJ CheilJedang, Vinh Hoan,
Twynam, Monde Nissin, and 4 more
EARLY STAGE
$11.3M - Series B
Coin98 (2016, , $11.3M)
App-based multi-chain wallet for cryptocurrencies
Hashed, Spartan Group, Spark Digital, Solidity, ,
and 23 more

7. Southeast Asia Tech - July 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
List of Funding Rounds (3/6)
List of Funding Rounds in SEA Tech in July 2021
SEA Tech: List of Funding Rounds
Note: Seed Stage (Seed, Angel), Early Stage (Series A, Series B), Late Stage (Series C+), PE
7
EARLY STAGE
$12.0M - Series A
Tinvio (2019, Singapore, $18.5M)
Solution for restaurants to manage order from
suppliers
AppWorks, MUFG, Global Founders Capital,
Surge, Partech Partners
EARLY STAGE
$13.0M - Series A
Mintable (2018, Singapore, $13.0M)
Online marketplace to buy and sell digital art
Ripple, Animocabrands, Metapurse, 840VP, , and 8
more
EARLY STAGE
$30.0M - Series B
Syfe (2017, Singapore, $52.6M)
Online platform for trading in ETFs
Valar Ventures, Presight Capital, Unbound
EARLY STAGE
$34.0M - Series B
SEDNA (2017, Singapore, $44.0M)
Cloud-based enterprise collaboration management
software provider
Insight Partners, Stride.vc, SAP.iO
EARLY STAGE
$35.0M - Series A
Aruna (2016, Jakarta, $40.5M)
Integrated cloud based fishery management
platform
Prosus, East Ventures, ACVentures, Vertex
Ventures, SIG, and 1 more
EARLY STAGE
$45.0M - Series A
OY! (2017, Jakarta, $45.0M)
App based messaging and payment solutions for
businesses
SoftBank Ventures Asia, MDI Ventures,
ACVentures, Wavemaker Partners, Central Capital
Ventura, and 2 more
EARLY STAGE
$80.0M - Series A
TurtleTree (2019, Singapore, $89.4M)
Platform offering lab-grown milk
Verso Capital
EARLY STAGE
$100.0M - Series B
GudangAda (2019, Tangerang, $125.4M)
Online b2b provider of e-commerce software suite
solution for stakeholders
Asia Partners, Falcon Edge Capital, Wavemaker
Partners, Alpha JWC Ventures, Sequoia Capital
EARLY STAGE
$250.0M - Series B
VNLIFE (2007, Hanoi, $250.0M)
Software for omnichannel banking and distribution
services
Dragoneer Investment Group, General Atlantic,
GIC, PayPal, EDBI, and 1 more

8. Southeast Asia Tech - July 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
List of Funding Rounds (4/6)
List of Funding Rounds in SEA Tech in July 2021
SEA Tech: List of Funding Rounds
Note: Seed Stage (Seed, Angel), Early Stage (Series A, Series B), Late Stage (Series C+), PE
8
EARLY STAGE
Series A
Musiio (2018, Singapore, $1.1M)
AI-based music discovery platform
Francois Arbour, Paul Kempe
EARLY STAGE
Series A
MoneyMatch (2015, Kuala Lumpur, $162.0K)
Cross-border money transfer platform
KAF Investment Bank
EARLY STAGE
Series B
Dragonpay (2010, Makati)
Online payment service provider
Xendit
EARLY STAGE
Series B
Austrianova (2007, Singapore)
Developer of cell-encapsulation techniques
Real Tech
EARLY STAGE
Series B
iStore ISend (2009, Kuala Lumpur, $5.5M)
Fulfillment and last mile delivery provider
SEED STAGE
$450.0K - Seed
Prosperna (2017, Muntinlupa, $450.0K)
Cloud-based CRM and digital marketing software
for the real estate industry
SEED STAGE
$500.0K - Seed
Hipla (2019, Singapore, $857.8K)
SaaS-driven computer-aided facility management
software for commercial spaces
Puneet Aggarwal, Deepak R
SEED STAGE
$996.6K - Seed
CrediLinq (2020, Singapore, $996.6K)
AI-enabled credit assessment and underwriting
solutions for individuals and businesses
Aerion, Brandon Tee, Sandeep Uberoi
SEED STAGE
$1.0M - Seed
PinBox Solutions (2016, Singapore, $1.0M)
Digital solution for micropension and
microinsurance inclusion
Venture Catalysts, 9Unicorns
SEED STAGE
$1.1M - Seed
Alternative Housing Group (2020, Makati,
$1.1M)
Provider of an online rental marketplace for
residential properties
Foxmont Capital Partners, David Leechiu, Melissa
Limcaoco

9. Southeast Asia Tech - July 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
List of Funding Rounds (5/6)
List of Funding Rounds in SEA Tech in July 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
$1.4M - Seed
CACHE Gold (2018, Singapore, $1.4M)
Online platform for the tokenization of gold
Palisades Goldcorp
SEED STAGE
$1.6M - Seed
NextPay (2019, Makati, $1.7M)
Accounts payable, receivable management, and
payment automation solutions for businesses
Golden Gate Ventures, Gentree, Foxmont Capital
Partners, Tribe Capital, Kickstart Ventures, and 9
more
SEED STAGE
$2.0M - Seed
Edupia (2017, Hanoi, $2.0M)
Provider of an English learning platform
ReDefine Capital Partners
SEED STAGE
$4.8M - Seed
majoo (2019, Jakarta, $4.8M)
Business management software provider for
multiple industries
ACVentures, BRI Ventures
SEED STAGE
$4.9M - Seed
Locad (2020, Singapore, $4.9M)
Offers a cloud-based on-demand e-commerce
fulfillment platform
Surge, Antler, Hustle Fund, Global Founders
Capital, Foxmont Capital Partners, and 15 more
SEED STAGE
$5.0M - Seed
Allozymes (2019, Singapore, $5.0M)
Provider of solutions for enzyme development to
treat multiple diseases
Xora, Entrepreneur First, HAX
SEED STAGE
$5.0M - Seed
Edamama (2019, Manila, $5.0M)
Platform offering mom and baby products
Gentree, Foxmont Capital Partners, Robinsons,
Kickstart Ventures
SEED STAGE
$6.0M - Seed
Osakakuma (2020, Singapore, $8.0M)
Online retailer offering multi-category beauty
products
Seeinfront Capital
SEED STAGE
$20.0M - Seed
Next Gen Foods (2020, Singapore, $32.2M)
Platform creating plant-based meat products
Temasek, K3 Ventures, GGV Capital, Bits x Bites,
Chris Yeh, and 2 more

10. Southeast Asia Tech - July 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
List of Funding Rounds (6/6)
List of Funding Rounds in SEA Tech in July 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
Seed
hi (1994, Singapore)
Financial solutions for cryptocurrencies
Hashed
SEED STAGE
Seed
Feedloop (2018, Bandung)
Provider of customer journey analytics software
solution
TMI
SEED STAGE
Seed
Augmentus (2019, Singapore)
Provider of a platform for robot programming
Cocoon Capital
SEED STAGE
Seed
TNG Digital (2017, Kuala Lumpur)
App-based mobile wallet
SEED STAGE
Seed
ICanPe (2019, Singapore)
Credit management and debt settlement solutions
Axilor Ventures, Manipal Technologies, Yatra Angel
Network, Natarajan Ranganathan

11. Southeast Asia Tech - July 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
New Investors (1/2)
List of New Investors in SEA Tech in July 2021
SEA Tech: List of New Investors
11
Investor Company Info
Round
Amount
Round Name
Khosla Ventures
751 portfolio companies | Stage-Agnostic VC Firm investing primarily
in Asia, Europe and the US
HealthifyMe
Mobile-based application for tracking diet and meal planning
$75.00M Series C
Unilever Ventures
97 portfolio companies | Corporate VC firm investing Globally
HealthifyMe
Mobile-based application for tracking diet and meal planning
$75.00M Series C
OVO Fund
11 portfolio companies | Seed & early stage sector-agnostic VC firm
funding companies in the US
Warung Pintar
Provider of retail store aggregator solution for local merchants
$6.00M Series B
Rock Springs Capital
97 portfolio companies | Healthcare focused employee-owned hedge
fund
MiRXES
Developer of miRNA based test for the detection of cancer
$77.00M Series C
Riverwood Capital
72 portfolio companies | Private equity firm focused on carveouts
NIUM
Cross-border money transfer solutions for businesses
$200M Series D
LB Investment
84 portfolio companies | Growth stage VC & PE firm investing in
geographies such as Korea & China
HappyFresh
App-based hyperlocal grocery delivery service
$65.00M Series D
Dragoneer Investment Group
100 portfolio companies | Private equity investment firm
VNLIFE
Software for omnichannel banking and distribution services
$250M Series B
Palisades Goldcorp
1 portfolio companies | Provider of investment research services
CACHE Gold
Online platform for the tokenization of gold
$1.40M Seed
SAP.iO
36 portfolio companies | Tech focused Seed & Early stage Corporate
VC & Accelerator company investing primarily in the US
SEDNA
Cloud-based enterprise collaboration management software
provider
$34.00M Series B
RTP Global
14 portfolio companies | Venture capital firm focused on multiple
sectors
Bukugaji
Staff and payroll management software for SMEs
$4.80M Series A

12. Southeast Asia Tech - July 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
New Investors (2/2)
List of New Investors in SEA Tech in July 2021
SEA Tech: List of New Investors
12
Investor Company Info
Round
Amount
Round Name
Z Venture Capital
1 portfolio companies | Venture capital firm investing in multiple
sectors
HappyFresh
App-based hyperlocal grocery delivery service
$65.00M Series D
Charoen Pokphand Group
4 portfolio companies | Multiple upstream agribusinesses and telecom
conglomerate
MiRXES
Developer of miRNA based test for the detection of cancer
$77.00M Series C
Broadhaven Capital Partners
24 portfolio companies | Regional investment bank
NextPay
Accounts payable, receivable management, and payment
automation solutions for businesses
$1.60M Seed
Tribe Capital
52 portfolio companies | Global venture capital firm investing in seed
& early-stage startups
NextPay
Accounts payable, receivable management, and payment
automation solutions for businesses
$1.60M Seed
Remagine Ventures
15 portfolio companies | VC fund for early-stage technology startups
Mintable
Online marketplace to buy and sell digital art
$13.00M Series A
HealthQuad
10 portfolio companies | Venture capital fund investing in healthcare
sectors
HealthifyMe
Mobile-based application for tracking diet and meal planning
$75.00M Series C
ELM
5 portfolio companies | Provider of field force services
HealthifyMe
Mobile-based application for tracking diet and meal planning
$75.00M Series C
Razorpay
5 portfolio companies | Payment processing solutions for businesses
NextPay
Accounts payable, receivable management, and payment
automation solutions for businesses
$1.60M Seed
Unbound
5 portfolio companies | Rewards-based crowdfunding platform for
digital book publishers
Syfe
Online platform for trading in ETFs
$30.00M Series B
640 Oxford Ventures
1 portfolio companies | Venture capital firm focused on multiple
sectors
Mintable
Online marketplace to buy and sell digital art
$13.00M Series A

13. Southeast Asia Tech - July 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 ▲5 Horizontal Marketplace $984M 5 Tokopedia | $350M | Series H
2 ▼-1 B2C Hyperlocal Delivery $950M 7 Grab | $300M | Series H
3 ▼-1 Digital Wallets $727M 13 Grab | $300M | Series H
4 ▲1 Card Linked Digital Wallets $675M 4 Grab | $300M | Series H
5 -- CPG Brands Analytics Software $640M 1 Trax | $640M | Series E
6 ▼-2 Car Ride Hailing $522M 8 Grab | $300M | Series H
7 ▼-4 Two Wheeler Ride Hailing $450M 2 Gojek | $300M | Series H
8 -- P2P Used Cars Marketplaces $371M 2 CARRO | $360M | Series C
9 ▼-2 Last Mile Ecommerce Delivery $270M 2 SiCepat | $170M | Series B
10 -- Ecommerce Last Mile Delivery $270M 2 SiCepat | $170M | Series B

14. Southeast Asia Tech - July 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
New Analyst Picks (1/8)
Interesting Companies identified by Analysts in SEA Tech in July 2021
SEA Tech: Analyst Picks
14
Upgraded to UNICORN
VNLIFE (2007, Hanoi, $250M, Series B)
Software for omnichannel banking and distribution
services
Dragoneer Investment Group, EDBI, General
Atlantic and 3 other Investors
Upgraded to SOONICORN
HealthifyMe (2012, Singapore, $6.0M, Series B)
Mobile-based application for tracking diet and meal
planning
Shashi Bhaskar, NB Ventures, Shirazi Investments
and 42 other Investors
Upgraded to SOONICORN
HappyFresh (2014, Bangkok, Undisclosed,
Series B)
App-based hyperlocal grocery delivery service
Temasek, Naver, Ardent Capital and 20 other
Investors
Upgraded to SOONICORN
OY! (2017, Jakarta, $45.0M, Series A)
App based messaging and payment solutions for
businesses
ACVentures, Wavemaker Partners, Saison Capital
and 5 other Investors
Upgraded to SOONICORN
TurtleTree (2019, Singapore, $3.2M, Seed)
Platform offering lab-grown milk
Coller Capital, Green Monday, Verso Capital and 5
other Investors
Upgraded to SOONICORN
MiRXES (2014, Singapore, $77.0M, Series C)
Developer of miRNA based test for the detection of
cancer
Venturecraft, EDBI, Rock Springs Capital and 3
other Investors
Upgraded to SOONICORN
GudangAda (2019, Tangerang, $25.4M, Series
A)
Online b2b provider of e-commerce software suite
solution for stakeholders
Wavemaker Partners, Sequoia Capital, Sequoia
and 3 other Investors
Upgraded to SOONICORN
Aruna (2016, Jakarta, $5.5M, Series A)
Integrated cloud based fishery management
platform
MDI Ventures, SMDV, Vertex Ventures and 5 other
Investors

15. Southeast Asia Tech - July 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
New Analyst Picks (2/8)
Interesting Companies identified by Analysts in SEA Tech in July 2021
SEA Tech: Analyst Picks
15
Upgraded to MINICORN
Syfe (2017, Singapore, $30.0M, Series B)
Online platform for trading in ETFs
Presight Capital, Unbound, David Rogers and 5
other Investors
Upgraded to MINICORN
Bukugaji (2020, , $4.8M, Series A)
Staff and payroll management software for SMEs
RTP Global, FEBE Ventures, Alpha JWC Ventures
and 3 other Investors
Upgraded to MINICORN
majoo (2019, Jakarta, $4.8M, Seed)
Business management software provider for
multiple industries
BRI Ventures,ACVenturesand
Upgraded to MINICORN
Partipost (2016, Singapore, $3.5M, Series A)
Platform offering software for influencer marketing
Choo Jia Wen, Andri Ngaserin, SPH Ventures and
35 other Investors
Upgraded to MINICORN
Kamereo (2018, Ho Chi Minh City, $500K, Seed)
Provider of sourcing and ordering platform for
restaurants and cafes
Velocity Ventures Vietnam, Genesia Ventures,
Quest Ventures and 1 other Investors
Upgraded to MINICORN
HiLife (2015, Singapore, $5.9M, Series A)
Home automation solution for smart condominium
management
Hyron,K3 Venturesand
Upgraded to MINICORN
Next Gen Foods (2020, Singapore, $2.2M,
Angel)
Platform creating plant-based meat products
FEBE Ventures, Singapore Economic
Development Board, Blue Horizon and 9 other
Investors
Upgraded to MINICORN
Gredu (2016, Jakarta, Undisclosed, Seed)
Provider of app-based school management system
Vertex Ventures,Intudo Venturesand
Upgraded to MINICORN
Musiio (2018, Singapore, $1.0M, Seed)
AI-based music discovery platform
SGInnovate, Endeavour Ventures, Sui Ling Cheah
and 9 other Investors
Upgraded to MINICORN
Coin98 (2016, , $11.3M, Series B)
App-based multi-chain wallet for cryptocurrencies
NGC, , Consensus Lab and 25 other Investors
Upgraded to MINICORN
Multiplier (2020, Singapore, $4.0M, Series A)
Cloud-based payroll and compliance platform for
distributed teams
Golden Gate Ventures, Picus Capital, Surge and 2
other Investors

16. Southeast Asia Tech - July 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
New Analyst Picks (3/8)
Interesting Companies identified by Analysts in SEA Tech in July 2021
SEA Tech: Analyst Picks
16
Added to Editor's Pick
MoneyMatch (2015, Kuala Lumpur, $150K,
Seed)
Cross-border money transfer platform
TH Capital, Cradle Seed Ventures, KAF
Investment Bank and 4 other Investors
Added to Editor's Pick
Infina (2018, Singapore, $2.0M, Seed)
App-based saving and investment platform for
individuals
500 Startups, Nextrans, 1982 Ventures and 2 other
Investors
Added to Editor's Pick
Althea Malaysia (2015, Kuala Lumpur,
Undisclosed, Seed)
Online retailer offering multi-category beauty
products
Mirae Asset, POSCO Capital, Tekton Ventures and
3 other Investors
Added to Editor's Pick
Hacktiv8 (2016, Jakarta, $3.0M, Seed)
Web development bootcamp
PT Prasetia Dwidharma, ACVentures, RMKB
Ventures and 6 other Investors
Added to Editor's Pick
PinBox Solutions (2016, Singapore, $1.0M,
Seed)
Digital solution for micropension and
microinsurance inclusion
Venture Catalysts,9Unicornsand
Added to Editor's Pick
TNG Digital (2017, Kuala Lumpur, Undisclosed,
Seed)
App-based mobile wallet
Added to Editor's Pick
Edupia (2017, Hanoi, $2.0M, Seed)
Provider of an English learning platform
ThinkZone,ReDefine Capital Partnersand
Added to Editor's Pick
Dragonpay (2010, Makati, Undisclosed, Series
B)
Online payment service provider
Xendit,GMO Venture Partnersand
Added to Editor's Pick
TIX ID (2018, Jakarta, Unfunded)
Online movie ticket booking platform
Added to Editor's Pick
HeyJapan (2020, Hanoi, Unfunded)
Mobile & AI-based platform providing Japanese
language learning solutions
Added to Editor's Pick
Partying (2016, Singapore, Unfunded)
App-based social platform for connecting with
friends through audio
Added to Editor's Pick
VFly Cloud (2020, Unfunded)
Provider of short video SDKs

17. Southeast Asia Tech - July 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
New Analyst Picks (4/8)
Interesting Companies identified by Analysts in SEA Tech in July 2021
SEA Tech: Analyst Picks
17
Added to Editor's Pick
Austrianova (2007, Singapore, Undisclosed,
Series B)
Developer of cell-encapsulation techniques
PharmaCyte Biotech,Real Tech,Ryan Group
Holdingsand
Added to Editor's Pick
Diary Bunda (2020, Sleman, Unfunded)
Mobile-based application for monitoring pregnancy
and gynecologist consultation
Added to Editor's Pick
CACHE Gold (2018, Singapore, $1.4M, Seed)
Online platform for the tokenization of gold
Palisades Goldcorpand
Added to Editor's Pick
SOLVEE (, Hanoi, Unfunded)
AI and app-based question and answer platform
for students
Added to Editor's Pick
QR Code Reader Barcode Scanner (2019,
Unfunded)
Provider of a QR and barcode scanning application
Added to Editor's Pick
Barcode Live (2017, Unfunded)
Provider of a QR scanning app
Added to Editor's Pick
Translantic (2020, Medan, Unfunded)
Mobile game developer focusing on casual games
Added to Editor's Pick
hi (1994, Singapore, Undisclosed, Seed)
Financial solutions for cryptocurrencies
Hashed,HashKey,Longling Capitaland
Added to Editor's Pick
VOIKY (2021, Hanoi, Unfunded)
Mobile-based platform providing multiple language
learning solutions
Added to Editor's Pick
Edamama (2019, Manila, $5.0M, Seed)
Platform offering mom and baby products
Foxmont Capital Partners, Robinsons, Kickstart
Ventures and 1 other Investors
Added to Editor's Pick
Augmentus (2019, Singapore, Undisclosed,
Seed)
Provider of a platform for robot programming
Cocoon Capital,StartupXand
Added to Editor's Pick
ICanPe (2019, Singapore, Undisclosed, Seed)
Credit management and debt settlement solutions
Axilor Ventures, Yatra Angel Network, Manipal
Technologies and 1 other Investors

18. Southeast Asia Tech - July 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
New Analyst Picks (5/8)
Interesting Companies identified by Analysts in SEA Tech in July 2021
SEA Tech: Analyst Picks
18
Added to Editor's Pick
Mountrash (2019, Jakarta, Unfunded)
Provider of solutions for collection and recycling
Added to Editor's Pick
Lever Network (2021, , $600K, Seed)
Decentralized margin trading protocol for digital
assets and cryptocurrencies
LD Capital, AU21 Capital, NGC and 4 other
Investors
Added to Editor's Pick
Nhatrang Hitech company (2011, Ho Chi
Minh City, Unfunded)
Provider of diversified IoT applications
Added to Editor's Pick
EZ Games (2020, Ho Chi Minh City, Unfunded)
Mobile game developer focusing on casual games
Added to Editor's Pick
Tulus (2019, Shah Alam, Unfunded)
App-based and shariah-compliant wallet for
consumers
Added to Editor's Pick
Happy Dummy (2021, Paya Lebar, Unfunded)
App based platform offering table games
Added to Editor's Pick
Hi Muslim (2020, Jakarta, Unfunded)
App based platform for Islam prayer tracking
Added to Editor's Pick
Osakakuma (2020, Singapore, $6.0M, Seed)
Online retailer offering multi-category beauty
products
Seeinfront Capitaland
Added to Editor's Pick
KLAR Aligner (2020, Yogyakarta, Undisclosed,
Seed)
Developer of aligners for orthodontic treatment
Kopi kenangan,ACVenturesand
Added to Editor's Pick
FitFit (2020, Kuala Lumpur, Unfunded)
Provider of a mobile-based app for fitness training
Added to Editor's Pick
FAVORIOT (2017, Puchong, Unfunded)
Provider of a cloud-based deployment platform for
IoT applications
Added to Editor's Pick
Cake by VPBank (2021, Hanoi, Unfunded)
Digital bank for individuals

19. Southeast Asia Tech - July 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
New Analyst Picks (6/8)
Interesting Companies identified by Analysts in SEA Tech in July 2021
SEA Tech: Analyst Picks
19
Added to Editor's Pick
Bizbaz (2019, Singapore, Unfunded)
Business intelligence solutions
Chinaccelerator,SOSVand
Added to Editor's Pick
Myfarebox - From Mystifly (2009,
Singapore, Unfunded)
SaaS-driven airline ticket booking engine for travel
companies & agencies
Added to Editor's Pick
Trames (2019, Singapore, Unfunded)
Offers AI, blockchain, and cloud-based supply
chain and freight transportation management
platform
XNodeand
Added to Editor's Pick
Diversely (2020, Singapore, $200K, Seed)
AI-driven tool to track, monitor and measure D&I
impact during hiring
Rob Bryson, Sergio Panday, Jeroen Steenbergen
and 2 other Investors
Added to Editor's Pick
CrediLinq (2020, Singapore, $997K, Seed)
AI-enabled credit assessment and underwriting
solutions for individuals and businesses
Aerion,Brandon Tee,Sandeep Uberoiand
Added to Editor's Pick
Ubuy (, Phnom Penh, Unfunded)
Online retailer offering multi-category products
Added to Editor's Pick
TheOneAndOnlySeekingApp (2020,
Singapore, Unfunded)
Provider of proximity based dating platform
Added to Editor's Pick
Elixir Tech (1993, Singapore, Unfunded)
Provider of AI-powered data analytics platform for
IoT applications
Added to Editor's Pick
Singrow (2019, Singapore, Unfunded)
Producer of non-GMO strawberries through
hydroponics
NUS Enterpriseand
Added to Editor's Pick
Gleematic (2016, Singapore, Unfunded)
Provider of AI-based software robots to automate
enterprise and industrial tasks
XNodeand
Added to Editor's Pick
Traffy (2009, Khlong Luang, Unfunded)
Provider of citizen engagement solutions for smart
governance
Added to Editor's Pick
Energy IoT (2021, Bangkok, Unfunded)
Provider of diversified IoT components

20. Southeast Asia Tech - July 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
New Analyst Picks (7/8)
Interesting Companies identified by Analysts in SEA Tech in July 2021
SEA Tech: Analyst Picks
20
Added to Editor's Pick
NaviClouDR (2019, Singapore, Unfunded)
Cloud based disaster recovery solutions provider
Added to Editor's Pick
orangsukses.info (2021, Makassar, Unfunded)
Provider of on-demand delivery service app
Added to Editor's Pick
FlowyTeam (2019, Kuala Lumpur, Unfunded)
Cloud-based performance management software
for enterprises
Added to Editor's Pick
Strive (2020, Singapore, Unfunded)
SaaS-driven platform offering math learning
solutions for kids
Added to Editor's Pick
LWT (2020, Singapore, Unfunded)
Provider of an NLP-based multilingual semantic
recognition and translation engine
Added to Editor's Pick
Silverlake Cloud Computing (2021, Petaling
Jaya, Unfunded)
API-based open banking solutions
Added to Editor's Pick
Origin Mattress (, Unfunded)
Internet first brand offering smart mattresses
Added to Editor's Pick
Datacakra (1995, Jakarta, Unfunded)
Provider of cloud-based IoT solutions for multiple
industries
Added to Editor's Pick
Earth 300 (2019, Singapore, Unfunded)
Online platform for science and exploration at sea
Added to Editor's Pick
Hive Health (2021, Unfunded)
Employee health benefits management tool
Added to Editor's Pick
Nanobubble (2018, South Tangerang,
Unfunded)
The platform generating nano-sized bubbles to
increase the gas content in aquatic ecosystems
Added to Editor's Pick
Hapybot (2018, Bangkok, Unfunded)
Manufacturer of an AI-enabled indoor delivery
robot system for various industries

21. Southeast Asia Tech - July 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
New Analyst Picks (8/8)
Interesting Companies identified by Analysts in SEA Tech in July 2021
SEA Tech: Analyst Picks
21
Added to Editor's Pick
Revir (2018, Singapore, Unfunded)
Provider of a platform for virtual reality tours
Added to Editor's Pick
Voicepick (2018, Ho Chi Minh City, Unfunded)
Platform offering software to get customer insights
Added to Editor's Pick
Silversea Media Group (2017, Singapore,
Unfunded)
Provider of an AR-based solution to visualize home
improvement products
Added to Editor's Pick
DarkTracer (2018, Singapore, Unfunded)
Cloud based dark net monitoring provider
Added to Editor's Pick
FaceAPI (2019, Bangkok, Unfunded)
Provider of face search API integration for
applications
Added to Editor's Pick
Coding Lab (, Singapore, Unfunded)
Provider of online tutoring solutions focusing on
coding for students
Added to Editor's Pick
Zapbot (2018, Singapore, Unfunded)
Provider of an AI-based document extraction
software
Added to Editor's Pick
SpiceUp (2018, Jakarta, Unfunded)
Provider of customized location-based services to
farmers involved in pepper farming
Added to Editor's Pick
DMV (2021, Hanoi, Unfunded)
Mobile & Web-based platform providing driving
exam preparation solutions
Added to Editor's Pick
Doctor Anywhere (, Petaling Jaya, Unfunded)
Online platform for doctor consultation
Added to Editor's Pick
Care (2020, Singapore, Unfunded)
Online platform offering doctor consultation
solutions

22. Southeast Asia Tech - July 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Acquisitions
List of Acquisitions in SEA Tech in July 2021
SEA Tech: Acquisitions
22
Acq.
Date
Company Acquirer Deal Size
05 Jul 2021
Moonstake(2017, Singapore, $1.0M)
App-based staking pool for cryptocurrencies
OIO Holdings
05 Jul 2021
Favful(2015, Kuala Lumpur, $0.6M)
Community-based recommendation platform for beauty
products
iMEDIA
28 Jul 2021
BlueSG(2017, Singapore)
Electric fleet based car sharing service provider
TotalEnergies

23. Southeast Asia Tech - July 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Recent News (1/2)
Recent News in SEA Tech in July 2021
SEA Tech:News
23
Exit News
.
● Gojek, Tokopedia Confirm Merger With the launch of GoTo Group
Volanews
.
● Bukalapak's $1.1 bln IPO, Indonesia's biggest in a decade, covered on
launch day Reuters
.
● PropertyGuru to build $1.35bn reverse merger Global Corporate Venturing
.
● AirAsia to buy Gojek's Thai business for US$50m in shares The Business
Times .
● Nium: Agrees to buy Wirecard Forex India FinTechInShorts
.
● Bambu acquires Tradesocio to scale its B2B wealthtech offerings, in
talks to raise Series C E27
.
● Bukalapak raises $1.5bn in record Singapore IPO Technology Magazine
.
● B2b Commerce Unicorn Moglix Acquires Vendaxo; A Marketplace For
Used Machinery Financial IT
.
People News
.
● Acronis appoints Patrick Pulvermueller as its CEO Channel Post Middle East &
Africa .
● Allan Phang joins Dubai-based esports firm Galaxy Racer as CMO
MARKETING-INTERACTIVE
.
● Malaysian car bidding platform names former BMW exec as CEO Tech in
Asia
● Aca Group Hires New Chief Commercial Officer Aimee Egan Financial IT
.
● B2B e-commerce co Moglix names Mukund Vasudevan SVP-strategic
partnerships Business Standard
.
● Urban Company names Neha Mathur as SVP, People Success People
Matters .
● SGX announces board changes, appoints Yeoh Oon Jin as independent
director The Business Times
.
● NextPlay Technologies Appoints Mark Vange as Chief Technology
Officer GlobeNewswire
.
Company News
.
● FDA’s expansive Alzheimer’s drug approval surprised even top agency
officials STAT
.
● FDA Approves KEYTRUDA® (pembrolizumab) Plus LENVIMA®
(lenvatinib) Combination for Patients With Certain Types ...
pipelinereview.com
.
● FDA Approves Updated ADUHELM™ Prescribing Information to
Emphasize Population Studied in Clinical Trials GlobeNewswire
.
● FDA OKs Merck/Eisai's Keytruda + Lenvima combo in endometrial
cancer Seeking Alpha

24. Southeast Asia Tech - July 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
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