Data Vantage | Klinik Pintar, Lendela, Lazada, MariBank and JustCo bag funding

Edition #332, 12 December 2023

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Indonesia-based healthtech company Klinik Pintar received $4.25 million from Altara Ventures, Golden Gate Ventures, Skystar Capital and other investors last week.

The capital injection is part of a recently announced $5 million Series A1 funding round. The round comprises fresh equity funding of [redacted] million and allotment of shares to SAFE holders, per regulatory filings.

Founded in 2018 by Bimo Harya, the startup operates 23 clinics in Greater Jakarta and offers clinic management software, accreditation, and training to over 1,500 third-party clinics across Indonesia.

Digital loan matchmaking platform Lendela issued shares worth [redacted] million to investors, including Chocolate Ventures, Cocoon Capital, Phillip Private Equity and Swedish fintech firm Clar Global, last week.

Lendela, which was launched by Clar in 2018 as a Southeast Asian offshoot, recently announced closing a $5 million Series A round. Its latest financing was led by Chocolate Ventures, an investment firm launched by Singlife founder Walter de Oude.

The fintech startup plans to use the recently procured capital to expand its presence across the Asia-Pacific region. It launched its operations in Australia earlier this year.

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Other updates from DATA VANTAGE

Southeast Asian e-commerce major Lazada received a fresh capital injection of [redacted] million from parent Alibaba last week. The development comes as rival TikTok announced a deal with Indonesian e-commerce platform Tokopedia on Monday that would allow the former to restart its operations in Southeast Asia’s largest consumer market.

Singapore digital lender MariBank received $56 million from parent SeaMoney, the digital payments and financial services arm of NYSE-listed Sea Ltd, last week.

Singapore-based buy now, pay later (BNPL) platform Optty has allotted shares worth [redacted] million to several shareholders.

Singapore-based HEPMIL Media Group, which operates a network of media companies, bagged $1 million from existing shareholder [redacted].

Singapore-based co-working space provider JustCo received [redacted] million from shareholder Frasers Property last week.

Singapore-based cleaning robot maker LionsBot’s losses ballooned 3.6x in the financial year ended December 31, 2022, as its revenue nearly doubled.

Singapore-headquartered customer engagement platform Knowlarity’s revenue more than doubled in the twelve months ended March 31, 2022. The company also managed to reduce its losses by 15% during the period.

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