Data Vantage | Circular, Blackpanda, Paper.id and LionsBot in focus
Edition #402, 27 August 2024
Share As a free subscriber, you’re reading a redacted version of DealStreetAsia’s premium DATA VANTAGE twice-weekly newsletter. Unlock access to the complete version by picking up any of our premium subscription plans.
Dear Reader,
Circular, a Singapore-based tech subscription service provider, has issued fresh shares worth [redacted] million as part of a new seed extension round. Recipients include existing and new investors, such as FEBE Ventures and [redacted].
In addition to the share allotment, the company’s board approved granting share options to FEBE Ventures, Tekton Ventures, [redacted], Partech, and [redacted]. These options allow the investors to purchase shares at favourable terms in the future.
Following the financing, Aditya Pendyala, a partner at FEBE Ventures, will join the Circular board.
Circular, founded in Singapore in 2021 by Nick Ramsay, George Oliver, Pantha Roy, and Yaniv Bernstein, provides subscription services for a variety of high-end tech devices. In October 2023, it raised $7.6 million in seed funding led by AirTree Ventures.
The data and information in this newsletter comes from DATA VANTAGE, which tracks regulatory filings to provide you with the latest information on startup fundraising, shareholding and financials. Find out how it can aid you in your decision-making — book a demo today or write to us at subs@dealstreetasia.com
Schedule a free demo session now
Greater China funding halves
Following a robust Q1, fundraising by Greater China-based startups plummeted in Q2 2024, reaching levels not seen since the COVID-19 pandemic in 2020, according to the latest report by DealStreetAsia — DATA VANTAGE.
Startups in mainland China, Hong Kong, Taiwan, and Macau raised just over $9 billion in Q2, a 54.9% decrease from the previous quarter, according to Greater China Deal Review: Q2 2024. Deal volume fell 14.6% sequentially to 525 deals.
Funding raised by Greater China’s startups
As global investors continue to be cautious about deploying new capital, Chinese state-backed investors have increased their support for domestic startups. Legend Holdings emerged as the most active investor in Q2, participating in 12 deals, while CICC Capital funded eight startups during the period.
Executives at top investment firms, financial services majors, and leading private companies use DATA VANTAGE to make smarter investment decisions in Asia. (See how)
Other updates from DATA VANTAGE
Singapore-based cybersecurity firm Blackpanda received [redacted] million from Singtel Innov8 and the Alibaba Entrepreneurs Fund, the non-profit investment arm of Alibaba Group, last week.
Malaysia-based snack foods manufacturer Mamee-Double Decker has increased its stake in Singapore’s gourmet snack maker, The Golden Duck, by acquiring more shares from multiple shareholders, including [redacted].
Venture capital firm [redacted] and Sinar Mas Land’s Urban Gateway Fund have increased their stake in Jakarta-based B2B invoicing platform Paper.id through secondary transactions.
Middle East-based [redacted] has bought shares in cleaning robots manufacturer LionsBot from several shareholders, including Freny Firoze Irani, Hari Prasad Govindarajan and Karthik Balasubramanian.
Super League Triathlon, a Singapore-based sports organisation known for its fast-paced, spectator-friendly triathlon events, has received [redacted] million from RTP Global, an early-stage investor with key offices in New York, London and Bangalore.
Indonesian edtech startup [redacted] allotted new shares worth $1.2 million last week to SIG, Havez Capital, and other investors.
Cocoon Capital and [redacted] have increased their stake in Aprisium, a provider of advanced contaminant detection and monitoring technologies, through secondary market transactions.
As a free subscriber, you’re reading a redacted version of DealStreetAsia’s premium DATA VANTAGE twice-weekly newsletter. Unlock access to the complete version by picking up any of our premium subscription plans. Anticipate Asia’s Rising Stars and Secure Lucrative Exits
To keep pace with today’s constantly evolving markets, data must be smarter, deeper, and instantly accessible. DATA VANTAGE is our smart, continuously updated research & analytics platform featuring:
- Key financials, fundraising data, and shareholding information for over 3,000 Asian venture-backed companies registered in Singapore and Indonesia
- Up to 3 new research reports per month
- Monthly and quarterly data on private funding in SE Asia, India, and Greater China
- Twice-weekly DATA VANTAGE premium newsletter
- Alerts for monitoring companies and sectors
- 50% discount on tickets to our flagship summit
- Full access to DealStreetAsia’s premium stories and archives
Combine editorial insights with robust data & research. Gain a competitive edge in the ever-changing private capital investment landscape.
>> Curious? Book a demo now to explore our database!<< © DEALSTREETASIA 2014–2024.
