Data Vantage | ADDX, AnyMind & Youvit receive capital and other updates

Edition #219, 25 Oct 2022

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South Korean brokerage firm KB Securities officially secured a stake in Singapore-based private market exchange ADDX last week after investing $15 million in the startup.

Priced at $2.35 per share, the capital injection was part of ADDX’s $58 million pre-Series B round announced in May, which was backed by the Stock Exchange of Thailand (SET), United Overseas Bank (UOB), Hamilton Lane and Krungsri Bank.

The latest funding brings the total capital raised by ADDX so far this year to $86 million and pushes its valuation to nearly $400 million, according to our calculations.

Top shareholders in ADDX

Source: DATA VANTAGE

Separately, last week, Japan-based e-commerce enabler AnyMind Group injected $22.4 million into its Singapore entity, bringing its total capital infusion this year to $32 million.

The parent company had last raised funding in July when it received 4 billion yen ($29.4 million) in a Series D funding round. Investors in the round included JIC Venture Growth Investments, Japan Post Investment Corporation, Nomura SPARX Investment, PROTO Ventures and Mitsubishi UFJ Capital.

The financing, which brought the company’s total funding to approximately $91.7 million, will be used to finance its expansion and acquisitions.

Other updates from DATA VANTAGE

Fazz, previously known as Fazz Financial Group, allotted new shares worth $6 million last week to South Korean venture capital firm InterVest, DST Global and GGV Capital managing partner Hans Tung. The allotment is part of Fazz’s $100 million Series C round that was announced last month.

Indonesian gummy vitamins brand Youvit has secured $6 million in Series B funding from a group of investors, including the venture arms of Unilever and Wipro Consumer Care & Lighting. Unilever Ventures contributed $2 million to the round.

Chai Pay, the Singapore subsidiary of South Korean fintech firm CHAI, received $3 million from K2 Investment Partners and another $2.6 million from InterVest last week. The Singapore entity has raised more than $100 million since it was founded in September 2019.

Earned wage access startup Paywatch has raised $3.5 million from a group of investors that include Vanderbilt University, the University of Illinois Foundation and T&G Ventures. The startup, which operates in South Korea and Malaysia, has raised $20 million so far, our data shows.

Singapore-based pet telehealth startup ZumVet received $1.75 million from Quest Ventures last week. The funding is part of a $3.7 million Series A round closed in August, which was backed by Pine Venture Partners and Pentepebble Holdings.

Heliconia Capital has invested $1.7 million, via its vehicle Orchid 3 Investments VCC, in Singapore-based engineering company HOPE Technik.

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