Data Vantage | Alina Vision, LXA bag funding; Otoklix, Member.id file financials
Edition #340, 18 January 2024
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Vietnam-based Alina Vision, which operates two eye hospitals in the country, secured [redacted] million last week from emerging markets-focused healthcare private equity firm TVM Capital Healthcare.
The investment makes the PE firm the largest shareholder in the Vietnamese firm. Alina Vision was founded by the international development organisation The Fred Hollows Foundation in 2018. Its other shareholder is Japanese eyecare firm Rohto Pharmaceutical.
TVM Capital Healthcare founding partner and Asia MD Hoda Abou-Jamra and Rohto Pharma’s Tan Bien Kat have joined Alina Vision’s board of directors after the latest funding.
Singapore-based fintech startup LXA received fresh capital last week from a special purpose vehicle backed by [redacted], multi-family office Phoenix Advisers, Lighthouse Canton, Ganen Sarvananthan, Suvir Varma and others.
The company had announced raising $10 million in a seed funding round led by New Enterprise Associates in November. Its other backers include Openspace Ventures and EDBI.
Founded in 2023 by former Blackstone Asia partner Kishore Moorjani and former Better exec Shawn Low, the startup aims to bridge the gap between mortgage assets and institutional capital in Asia. It claims its tech platform streamlines the entire mortgage lifecycle, from loan origination and borrower processing to underwriting and loan servicing.
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Other updates from DATA VANTAGE
B2B fintech startup Aspire’s Singapore unit allotted shares worth $79 million this week to its US-based holding company.
Fintech lending firm Funding Societies has allotted shares worth nearly [redacted] million to a shareholder as part of its acquisition of payment solutions provider CardUp. The deal was announced in 2022.
Singapore-based private members club Mandala Club received $100k from an investor this week.
Indonesia-based auto service network company Otoklix posted a [redacted] jump in its net loss for the twelve-month period ended February 28, 2022. Its revenue increased 4.2x during the period.
East Ventures-backed Indonesian customer loyalty startup Member.id nearly tripled its revenue for the financial year ended December 31, 2022. The company also managed to reduce its losses marginally.
SIG-backed training and workforce development startup PINTAR slashed its losses by 97% in the financial year ended December 31, 2020. Its revenue grew over 5x during the period.
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