While the fintech sector continued to become a prima donna in the Southeast Asian tech ecosystem –considering the number of fintech companies that announced their funding rounds each month– the month of October also brought forth plenty of exciting new sectors to consider.
Within one week, we even saw two funding announcements from New Protein companies. These announcements indicated a greater appetite to invest in companies that are working in solutions to save the environment –for example, by developing the alternative to conventional meat.
Another unique, unheard of sector is maritime tech, which we saw one funding announcement of.
The following is a list of the early-stage funding round that we manage to cover in October:
Milleu Insight
Funding round: US$2.4 million pre-Series A
Investor(s): MassMutual Ventures
With the new funds, the Singapore-based analytics startup aims to expand into four new markets in Southeast Asia: Malaysia, Indonesia, the Philippines, and Vietnam.
Also Read: As September ends, wake up to these notable early stage funding rounds of the month
Paper.id
Funding stage: Undisclosed Series A
Investor(s): Golden Gate Ventures, Modalku
The Indonesian SaaS platform plans to use the funding to improve its digital invoicing and bookkeeping system.
Crewdible
Funding stage: US$1.5 million in pre-Series A
Investor(s): Global Founders Capital
The Indonesian micro-warehousing platform will use the funding to build a stronger presence in big cities across the country, marketing efforts, and most importantly to improve the platform to support massive traffic and other needs.
Edukasyon.ph
Funding round: Undisclosed Series A
Investor(s): EduLab Capital Partners, Obunsha Ventures, Alternate Ventures, Foxmont Capital Partners, Lorinet Foundation, French Partners, First Asia Venture Capital, and KSR Ventures
Since its launch in 2015, Edukasyon.ph has enabled access to education for about 10 million visitors annually.
Yummy Corp
Funding round: US$7.75 million in Series A
Investor(s): SMDV (Sinarmas Digital Ventures), Intudo Ventures, East Ventures, Agaeti Ventures, Sovereign’s Capital, and Selera Kapital by Sour Sally Group
With this investment, Yummy Corp said it is targeting 200 locations for the year 2020 across Jakarta and other major cities in Indonesia.
GDP
Funding round: US$1 million in Seed
Investor(s): Angel investors
Singapore-headquartered fintech startup GDP Inc. has already established offices in five locations (Singapore, The Philippines, Taiwan, Japan, Estonia) and soon to be in Hong Kong and China.
Ento
Funding round: Undisclosed Seed
Investor(s): Rapzo Capital (lead)
Malaysian new protein startup Ento said that the funding will be used for production and regional market expansion.
RoomMe
Funding round: Undisclosed Series A
Investor(s): BAce Capital
Indonesia-based co-living startup RoomMe is BAce’s first known investment in Indonesia.
Fuse
Funding round: Undisclosed Series A
Investor(s): EV Growth
The Indonesian insurtech startup said that it raises “a couple of million” US dollars, aimed at helping it expands to eight major cities in the country.
StickEarn
Funding round: US$5.5 million in Series A
Investor(s): East Ventures, SMDV, Grab, OVO, Agaeti Ventures
The Indonesian O2O adtech startup said that the funding will enable it to “explore new opportunities from different verticals and enhance its data and analytics capabilities.”
MyCash
Funding round: Undisclosed Seed
Investor(s): 500 Startups, Ng Sek San
The Singapore- and Malaysia-based fintech startup will use the investment to acquire remittance licenses in the two countries.
Also Read: Early stage fundraising: What it takes to win over investors that best fit your team
Cricket One
Funding round: Undisclosed Seed
Investor(s): 500 Startups, Masik Enterprises
Vietnam-based new protein startup Cricket One plans to use the funding for further R&D and study of the cricket protein structure.
Yours
Funding: US$3.5 million in Seed
Investor(s): Surge, Global Founders Capital, Kindred Ventures, and an undisclosed celebrity fund
The Singapore-based personalised skincare startup plans to use the funding to focus on improving computer vision and Machine Learning to achieve personalisation at scale.
Sampingan
Funding: US$1.5 million in pre-Series A
Investor(s): Golden Gate Ventures (lead), Antler
Indonesia-based on-demand workforce platform Sampingan plans to use the money to expand operations by providing businesses with more extensive options to scale.
Claritecs
Funding: US$600,000 in pre-Series A
Investor(S): INNOPORT, Bernhard Schulte, angel investor
The Singapore-based maritime tech startup will use the funding to support product development and market roll-out.
FazWaz
Funding: “seven figure” pre-Series A
Investor(s): Undisclosed
The Thailand-based proptech company will use the funding to expand its market share in Thailand and to continue its overseas expansion into the United Arab Emirates (UAE).
NuSpace
Funding: Undisclosed Seed
Investor(s): BEENEXT
NuSpace, a Singapore-based nano-satellite company that provides IoT connectivity and data platform services, stated that the funding will help “accelerate momentum” for their product launch.
Autify
Funding: US$2.5 million in Seed
Investor(s): Global Brain Corporation, Salesforce Ventures, Archetype Ventures Inc., individual investors
Autify, the AI-powered software testing automation platform, plans to use the seed funding to reinforce product development and sales systems, as well as to explore the international market.
Also Read: A look into one of the most active early stage VC firms this year
Zipmex
Funding: US$3 million in pre-Series A
Investor(s): Infinity Blockchain Holdings
Zipmex, a Singapore-based currency exchange focussed on providing retail and institutional investors the ability to invest securely in cryptocurrencies, plans to accelerate its Asia Pacific expansion plans.
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