Data Vantage | CompAsia, Utown, Kinetic Innovation and Eximmium net funding
Edition #327, 23 November 2023
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CompAsia, a Malaysia-based recommerce firm selling second-hand electronic devices, received [redacted] million this week from vehicles managed by venture capital firm Gobi Partners.
About [redacted] million came from the Gobi Dana Impak Ventures, a vehicle the VC firm manages in partnership with the Malaysian sovereign wealth fund Khazanah.
Established in 2012 by Julius Lim, CompAsia operates in nine countries, including Malaysia, Singapore, Thailand and the Philippines. Besides selling refurbished electronic devices, it offers financing plans and warranty services.
CompAsia had announced raising an unspecified Series A led by Gobi Partners in August.
Singapore-based metaverse platform Utown received fresh capital this week from VC firm Vision Plus Capital. The latest transaction brings its ongoing round total to [redacted] million.
The firm had earlier raised capital in October from Northstar, East Ventures, SMDV and GSR Ventures, among other investors.
Utown is a social-first metaverse platform that allows users to create their own virtual spaces and build their communities.
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Other updates from DATA VANTAGE
Singapore- and Germany-based biotechnology company Eximmium bagged [redacted] million this week from its majority shareholder. The company focuses on developing first-in-class antibodies against solid tumours.
Kinetic Innovation, a Singapore-based fintech firm that offers credit risk solutions, has issued shares worth $7.66 million to investors, including Openspace Ventures, Forge Ventures and Blowfish Ventures.
Indonesia-based biotechnology firm Nusantics has raised [redacted] in new funding from investors, including VC firm East Ventures.
India-based digital healthcare platform Practo curbed its net loss by over 90% in the twelve-month period ended March 31, 2023, even as its revenue dipped marginally.
EDBI-backed dental care provider T32 Dental Group’s losses nearly halved in the financial year ended December 31, 2022, while its revenue jumped by almost 20%.
Singapore-based luxury teahouse chain TWG Tea’s revenue climbed over 69% in the financial year ended December 31, 2022. The company also turned a profit during the period after reporting a loss in the previous year.
India-based fintech lending platform Klub’s revenue surged around 2.7x in the twelve months ended March 31, 2023, while its losses grew nearly threefold.
Cloud-based material informatics platform Polymerize’s losses ballooned 2.7x in the twelve month period ended April 30, 2023, while its revenue grew only 2%.
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