Data Vantage | eFishery, Blue Planet raise more capital; Lucence shares change hands

Edition #289, 11 July 2023

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Indonesian aquaculture major eFishery completed its Series D round last week with Tetlin Investments, a Temasek Holdings vehicle, injecting [redacted] million and Switzerland-based sustainable investment firm responsAbility contributing [redacted] million.

The investments bumped up the Series D round to $199.8 million, raising eFishery’s latest valuation to $1.4 billion.

Abu Dhabi-based global fund manager 42XFund led the round with a $100 million investment, while Malaysian pension fund Kumpulan Wang Persaraan (KWAP) injected [redacted] million.

Singapore-based waste management and upcycling company Blue Planet Environmental Solutions welcomed a new shareholder to its cap table last week.

Blue Planet allotted new ordinary shares worth [redacted] million to Exacta Asia Investment II LP, a $250 million private equity fund managed by Singapore-based Mizuho Asia Partners.

Mizuho’s investment brings Blue Planet’s current round total to [redacted] million and its total funding to date to more than $100 million.

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Other updates from DATA VANTAGE

Gaming chair manufacturer Secretlab has raised [redacted] million in a new round backed by existing shareholder Temasek-owned Heliconia Capital.

[redacted], a Singapore-based provider of loyalty management solutions, allotted new ordinary shares worth $3.5 million to convertible noteholder Second Alpha Partners last week.

Singapore-based private market exchange [redacted] has received additional capital worth $1 million from Heliconia Capital.

Singapore-based biotech company [redacted] has allotted additional shares worth $1 million to California-based Zymo Research. Our data shows [redacted] has raised $16 million in equity funding to date.

Fresh Factory, an Indonesia-based cold-chain fulfilment company, saw secondary transactions last week for [redacted] shares, or a [redacted]% stake in the company. The buyers include East Ventures.

Singapore-based [redacted], a specialty coffee technology startup, has allotted new shares worth [redacted] million to a group of investors, including existing shareholder East Ventures and new investor Pine Venture Partners.

Singapore-based precision oncology company Lucence welcomed [redacted] onto its cap table last week after the latter acquired a 2.8% stake in the former through the secondary market.

Singapore’s tech unicorn Carousell has allotted more shares to a special purpose vehicle owned by the former shareholders of the online sneakers marketplace Ox Street. The latter now controls a [redacted]% stake in Carousell, which acquired Ox Street in October 2021.

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