Data Vantage | Broom, Carro and Anchanto secure capital, others file financials
Edition #254, 7 Mar 2023
Dear Reader,
Indonesian auto financing startup Broom issued shares worth $13.3 million last week to a group of investors.
The transaction comprises the allotment of Series A shares worth $8 million issued to Openspace Ventures and other investors, and seed shares to SAFE holders that backed its pre-seed round.
Broom had raised $3 million in pre-seed funding from AC Ventures, Quona Capital, and several angel investors, including the founders of Kopi Kenangan and Lummo, in February last year.
In conjunction with the new round, Broom has appointed its COO Claussen Sindhuwinata, Quona Capital partner Dan Bertoli, and Openspace Ventures executive director Ian Sikora to its board of directors.
Top shareholders in Broom
Source: DATA VANTAGE
Used car marketplace Carro received $3 million last week from Singapore-based insurance technology player ZA Tech. Its share price remains unchanged from its previous financing in 2022.
Carro had announced securing the investment from the insurtech company last month without disclosing the quantum.
The SoftBank-backed unicorn also added UAE-based classifieds player EMPG to its cap table last week in a move indicative of its acquisition of Thailand-based Kaidee.
Other updates from DATA VANTAGE
Singapore-based e-commerce enabler Anchanto received nearly $450k from Switzerland-based logistics company Asendia in Series C funding last week.
SaaS startup ServiceQuik, the company behind SME business management software ZING, received capital from the Irwin Family Trust, a Queensland-based discretionary trading trust, last week.
Singapore-based private capital raising platform CapBridge and digital alternatives marketplace Alta (formerly known as Fundnel) received capital infusions from their parents last week.
Global Founders Capital partner Franzi Lorenzo pared his holding in consumer insights platform Zaapi last week by selling some shares to Flash Ventures.
Indonesia-based insurtech startup Qoala posted a fourfold revenue growth in the financial period ended December 31, 2021, while its net losses widened by 2.6 times.
Singapore-domiciled digital payroll platform Skuad reported a 12% drop in revenue for the year ended May 31, 2022. Its net loss increased by nearly seven times during the period.
Indonesian trucking startup Ritase saw its net loss balloon over 100x in the financial year ended Dec 31, 2021. The company was reportedly looking for a buyer.
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 ~2,500 Asian venture-backed companies registered in Singapore and Indonesia
- Track competitors and industries
- 3–4 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.
