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Data Analytics Venture, LYNX ANALYTICS (SG) raises the largest amount of Series A funding in Southeast Asia.

After being valued at USD 66 M, LYNX managed to secure USD 10 M from strategic investors that were not disclosed. These investors have deep understanding and knowledge of the market and will take a minority stake in LYNX

1 June 2016 / Deal Street Asia

Moscow based Venture Capital Funds raised funds for Adtech Startup LOCOMIZER (UK)

Looking across borders for opportunities, IMPULSE VC and PHYSTECH VENTURES raised USD 300 K for the British Startup. The Biotech Startup will use the investment to operating its ‘Data-as-a-Serivce” across multiple verticals. It currently already operates in EU, Japan and the US.

3 June 2016 / East-West Digital News

GARENA’s SHOPEE (SG) takes off on a long-term collaboration with National Courier POS MALAYSIA

The Ecommerce subsidiary of Southeast Asia’s largest Internet Company has teamed up with POS MALAYSIA to provide free shipping to their customers. The temporary initiative and introduction of the logistic arm by POS MALAYSIA has generated exponential sales growth for SHOPEE.

2 June 2016 / Deal Street Asia

SARINE TECHNOLOGIES (SG) acquires DiaMining for USD 1.2 M

The precision technology specialists will acquire the point of sale (POS) application created by DiaMining to increase the efficiency of its Inventory Management System. The acquisition will also allow SARINE TECHNOLOGIES to be active in the diamond, gemstone and jewellery industry.

6 June 2016 / The Edge Markets

BITAUTO HOLDINGS LTD (CN) secures USD 300 M, led by giants like BAIDU, TENCENT and JD.COM

BITAUTO HOLDINGS, the online automobile giant, secured majority of the money from PA GRAND OPPORTUNITY LIMITED. Other Tech/eCommerce giants joined the fund raising as strategic partners to ride on the promising future developments of BITAUTO.

6 June 2016 / Tech Crunch

AdTech Company EBIZU SDN BHD (MY), managed to secure USD 3 M from Singaporean Investors.

The money raised from undisclosed members of the Singaporean community will be used for its regional expansion plans. Specialising in Retail Advertising and location solutions, EBIZU has already expanded within the SEA region, servicing 1,900 retail outlets and targeting to reach 5,000 end 2016.

8 June 2016 / Deal Street Asia

Australian HR solutions and screening firm SterlingBackcheck (BACKTRACK) has acquired similar business, RISQ GROUP (APAC).

After the acquisition of EmployeeScreenIQ and merger with TalentWise, BACKTRACK will now acquire RISQ to claim a larger share of the market. All companies involved with BACKTRACK provide background screening and Human capital solutions. Details of the acquisition were not disclosed.

6 June 2016 / Yahoo Finance

US Equity fund STRIPES GROUP leads with USD 50 M in funding for entertainment ticketing company BIGTREE ENTERTAINTMENT PVT.LTD (IN)

BIGTREE ENTERTAINMENT secured USD 75 M with funds coming from SAIF PARTNERS, ACCEL PARTNERS and NETWORK18 MEDIA as well. The funds will be channeled to diversity its services in the online ticketing industry.

9 June 2016 / Live Mint

Singapore based Online Car Marketplace, CARRO, secured USD 5.3 M in funding.

VENTURRA CAPITAL, SINGTEL INNOV8, GOLDEN GATE VENTURES, ALPHA JWC, SKYSTAR VENTURES and GMO VENTURES are all significant contributors to the funds raised. CARRO has had 30% MoM growth rate since its launch and the extra funds will be used to expand into the SEA region to hit their target gross merchandise run rate of ~USD 75 M by the end of the year.

13 June 2016 / Vulcan Post

TRAX an Israeli tech firm secures USD 40 M in Series C funding.

After the investment led by TEMASEK backed BROAD PEAK INVESTMENT ADVISERS, the retail image recognition platform brings the total funds raised to USD 78 M. The company has turned its attention to North America and intends to further develop its services by adding a new product line.

8 June 2016 / TechinAsia

VANITEE (SG), an online booking platform for beauty services acquires beauty salon e-directory MEFITTED (SG) for USD 500 K

VANITEE intends to strengthen their mobile platform features and B2B solutions to improve their business. Alongside plans to expand across Asia, VANITEE are in the works of developing an end-to-end system to facilitate its business operations.

6 June 2016 / TechinAsia

SORACOM (JP) an Internet of Things (IoT) tech firm raises USD 5.7 M to spark off global expansion.

Led by PE fund PAVILION CAPITAL, the provider of network and telecom infrastructure will channel these funds into establishing a subsidiary in Singapore. Together with the USD 22 M raised last month from WORLD INNOVATION LAB and INFINITY VENTURE PARTNERS, SORACOM aims to expand its reach, globally.

16 June 2016 / TECHINASIA

SaaS company LOGICMONITOR (US) secured USD 130 M to fund its expansion into Asia

The software monitors data centers (both physically and their cloud systems) and alerts businesses for possible problems. The funds, led by PROVIDENCE STRATEGIC GROWTH, will be used for R&D and marketing into APAC. LOGICMONITOR intends to establish a strong foothold in APAC before the eventual goal of an IPO.

16 June 2016 / Tech Crunch

Property developers STARLAND HOLDINGS (SG) acquires fintech firm AYONDO HOLDINGS AG (DE) for USD 117 M

AYONDO is a social trading and brokerage service provider and was formerly listed on the Berne Stock Exchange. STARLAND aims to achieve more consistent and sustainable financial growth, by exploring business opportunities through diversifying into Fintech.

21 June 2016 / The Edge Markets

Cyber Security company SOVERUS TECHNOLOGY (STPL) acquires RED SENTRY (RPL) and RED SENTRY CONSULTANTCY (RCPL) for USD 2 M.

The acquisition between the 2 Singaporean Companies aims to capture a larger market share in the Cyber security space. RED SENTRY PTE LTD consists of 2 business units, RED SENTRY and RED SENTRY CONSULTANCY, which will complement and generate synergies for SOVERUS TECHNOLOGY.

18 June 2016 / Business Times

ZERTO (IL) raises 70 M to break into South East Asia

Funds led by US VC firms CRV and INSTITUTIONAL VENTURE PARTNERS will go into opening a Singapore office to support its APAC clients. ZERTO offers data protection services and solution in online servers and data centres for major clients like Amazon Web Services

21 June 2016 / Tech In Asia


Payment Solutions

FinAccel (SG) a credit scoring startup secured seven-digit funding.

Led by JUNGLE VENTURES, GMO VENTURE PARTNERS, AlphaJWC Ventures, 500 DURIANS and 500 TUKTUKS. Funds will be used to develop the core function of the application, KREDIVO, which is to reinvent credit scoring and digital lending in SEA and provide short-term financing for e-commerce buyers.

7 June 2016 / Deal Street Asia

CreditVidya (IN) raises USD 2 M from venture capital fund KALAARI CAPITAL

The Fintech Startup uses non-traditional methods such as phone recharge patterns, utility payments and eCommerce activities to provide credit scoring. The team of 35 responsible for their application will use the funds to grow its headcount to 70 by the end of the year.

8 June 2016 / Live Mint

Fintech Startup EPAYLATER (IN) secures USD 2 M in funding.

The funds raised, led by HNWIs who have expertise in the Fintech space, will be used for product development and marketing. Operating on the basis of “Buy now, pay later”, the company uses an algorithm, to generate a credit limit on their online purchases. This market is expected to be USD 75 B in 2020, explaining the numerous transactions that happened the past year.

9 June 2016 / VCCircle

ANT FINANCIAL SERVICES GROUP (CH) is looking to buy 20% of Thai online Payment provider ASCEND MONEY.

With a purchase of another 30% in the future, the creator of ALIPAY PAYMENT PLATFORM, is looking to expand overseas in their online payment and small loans business. With other strong competitors like WECHAT PAYMENT SYSTEMS in the market, the group is looking to establish a good footing globally. Details of the transaction were not disclosed.

18 June 2016 / Bloomberg

American Private Equity firm TPG GROWTH acquires 40% of ONE NETWORK BANK (ONB) (PH)

TPG, will now work together with the incumbent owner BDO, to hasten ONB’s growth. TPG’s expertise in financial services, in developing markets will kick off new product developments in that direction. The collaborative partnership aims to strengthen ONB’s current foundation and improve financial inclusion in the region. Details of the transaction were not disclosed.

20 June 2016 / Business Wire

Indian Digital lending platform LENDINGKART GROUP raises USD 32 M

Series B funding round was led by BERTELSMANN INDIA INVESTMENTS, MAYFIELD INDIA, SAAMA CAPITAL and INDIA QUOTIENT. Bringing their total funds raised to USD 41 M, LENDINGKART plans to improve and enhance their mobile technological capabilities and infrastructure.

29 June 2016 / Livemint