Data Vantage | Bibit, Lyte Ventures, Atome and AgriAku receive funding
Edition #229, 29 Nov 2022
Dear Reader,
Stockbit Pte Ltd, the parent company of robo-advisor app Bibit, received $25 million last week from Singapore sovereign wealth fund GIC as part of an $80 million round announced in May.
The company has so far received $57.8 million in equity funding as part of the round. Of this, lead investor GIC contributed $50 million, while Prosus Ventures provided $7.5 million.
GIC is now the second-largest shareholder in Stockbit Pte after Sequoia Capital India, which had led a $65 million round in the startup in 2021.
Top shareholders in Stockbit Pte
Source: DATA VANTAGE
Lyte Ventures, a Singapore-based financing platform focused on freelancers and online creators, has raised $6.62 million in fresh funding.
Investors in the round included MS&AD Ventures, the venture capital arm of Japan’s MS&AD Insurance Group Holdings, and Singapore’s Singtel Innov8. Tan Chin Hwee, Chin Qui Hin, and Koh Boon Hwee also participated in the round.
Other updates from DATA VANTAGE
Payment solutions provider Atome received $13 million from parent Neuroncredit Pte last week, bringing its total funding this year to $43 million.
AgriAku, a Jakarta-based B2B marketplace for farmers, has raised $5 million in an extension to its Series A round. It had earlier raised $35 million in a Series A round led by Alpha JWC Ventures in July.
Investors in its Series A1 round include TNB Aura, Indogen Capital, Gentree Fund and Go-Ventures. Its share price is up 15.7% from the Series A round.
Relationship analytics company TrustSphere has allotted ordinary shares worth $37.56 million to investors, including Greenoak Capital Partners and family office Apollo Singapore Investments.
Beauty, health and wellness company Summer International secured nearly $2.5 million last week from Gushcloud, Majuven, Teja Ventures and other investors.
Blockchain software startup #dltledgers bagged $5.6 million last week. The investment is part of an $8.5 million Series B round announced in September.
Handprint Tech, a SaaS company that matches businesses with impact projects, has secured $500k from Singtel Innov8 in seed funding.
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