Data Vantage | AcadArena, Partior and Freshtohome add to their funding tally
Edition #247, 9 Feb 2023
Dear Reader,
AcadArena, a campus gaming startup based in the Philippines, issued additional Series A shares this week worth $2.7 million to investors, including 1kx, TNB Aura and Mirana Ventures.
The startup has now allotted Series A shares worth a total of $10.22 million. Lead investor Blockchain Capital earlier contributed $5.15 million in new funding.
According to AcadArena’s regulatory filings, its pre-money valuation was $34.5 million. Its latest round comprises Series A-1, A-2 and A-3 shares.
AcadArena had last announced a $3.5 million seed round in Dec 2021.
Top shareholders in AcadArena
Source: DATA VANTAGE
Singapore-based Partior, a blockchain-enabled platform for payments clearing and settlements, received $8 million this week from founding shareholders Temasek Holdings, DBS and J.P. Morgan.
The company had in November announced the close of its Series A funding round led by Standard Chartered, which was backed by its founding shareholders. In addition, StanChart had then announced its plans to serve as the first Euro settlement bank for the Partior platform.
Partior emerged from the Project Ubin collaboration backed by the Monetary Authority of Singapore. It was founded by J.P. Morgan, DBS and Temasek in 2021.
Other updates from DATA VANTAGE
India-based online fish and meat delivery company Freshtohome received $50.2 million this week from investors, including e-commerce giant Amazon, Bahrain-headquartered Investcorp, India-focused tech investor Iron Pillar and Abu Dhabi-based E20 Investment.
The latest investment is part of an ongoing Series D1 financing. Read our exclusive story for more details.
Freshtohome’s backers include the Investment Corporation of Dubai, the US International Development Finance Corporation (DFC), CE-Ventures, and UAE-based growth investor Massar International.
Silent Eight, a technology company using AI to create compliance platforms for financial institutions, more than doubled its revenue for the financial year ended July 31, 2022. Its net losses surged over 55% during the period.
Australia-based edtech startup Zookal reported a 44% drop in revenue for the financial year ended Dec 31, 2021. Its losses were up 53% during the year.
Singapore-based Lyte Ventures, which seeks to address the financial challenges faced by freelancers and creators, posted a nearly threefold increase in revenue for the financial year ended Dec 31, 2021. However, its losses ballooned by 92%.
To access our premium stories on the PE, VC and startup ecosystems in Southeast Asia, Greater China and India, subscribe here.
Our subscribers
Interested in learning more about our deals database, DATA VANTAGE? Sign up for a walkthrough with our team! DealStreetAsia — Professional
Combine editorial insights with robust data & research. Our newest product is a strategic business solution.
Subscribing to DealStreetAsia — Professional will get you -
- Key financials of more than 2,000 Asian venture-backed companies registered in Singapore and Indonesia
- Track competitors and industries
- Up to 4 new research reports per month
- Exclusive data-led Stories
- Deal Monitors (India / China/ SEA)
- Full access to DealStreetAsia’s premium reportage
- Twice-weekly DATA VANTAGE newsletter
- Discounts to Asia PE-VC Summit tickets (live event).
© DEALSTREETASIA 2014–2023.
