Data Vantage | Funding for Multiplier, Ralali and theAsianparent and other updates
Edition #157, 15 March 2022
Singapore HR tech startup Multiplier bagged $36 million in funding last week as part of a $60 million Series B round.
New York-based investment firm Tiger Global Management contributed $30 million to the round. Other investors included Sequoia Capital and Picus Capital.
In addition to its Series B financing, Multiplier is undertaking a stock split, according to its regulatory filing. The firm is also increasing the shares allocated to its employee share option plan (ESOP) pool to nearly 152 million following the stock split.
Top shareholders in Multiplier
Indonesian B2B marketplace Ralali has received $7.95 million in equity funding in a Series D1 round, according to its regulatory filing. Investors in the round include BEENEXT, SBI Ventures, ICMG Partners and Arbor Ventures.
Ralali has also issued 1.4 million Series C preference shares worth $3 million to SBI Group’s artificial intelligence (AI) and blockchain fund and other investors under a convertible note agreement, which was signed in 2020.
Other updates from DATA VANTAGE
Singapore’s toy collectibles startup Mighty Jaxx received another $8 million late last week from Tencent and other investors. The company had announced a $20 million Series A round earlier this month.
Tickled Media, which operates theAsianparent online content and community platform for parents, raised $8 million from LINE Corp. The company had last raised $2 million from Siam Commercial Bank’s venture arm SCB 10X in November 2020.
Philippine crypto exchange PDAX bagged $3.6 million last week from Daiwa Ventures, Draper Dragon and other investors. It had in February announced the close of its Series B round at over $50 million.
Loyalty and rewards solutions provider Giift received $3 million last week. It had in January announced bagging a $50 million investment from Apis Partners.
Indonesian logistics startup Waresix bagged $10 million in fresh funding last week. The company, which provides trucking, warehousing, and logistics services, had closed a $100 million Series B round in September 2020.
Startups founded or co-founded by women in Southeast Asia bagged $4.4 billion in funding in 2021, or about 17.2% of all private capital raised during the year. Our latest report captures the top dealmakers, the countries and verticals that accounted for the highest deal count and capital raised among these startups, and the founders’ views on their challenges and the progress made so far. Learn more DealStreetAsia — Professional
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