Data Vantage | PICKUP COFFEE, Pawprints, ADDX, Fave and Vuihoc in focus
Edition #373, 16 May 2024
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Dear Reader,
Philippines-based coffee chain operator PICKUP COFFEE received a fresh capital injection from new investors this week.
According to its regulatory filings, the latest transactions are part of a new pre-Series B round. The startup’s latest share price is up [redacted]% from its previous round, per DATA VANTAGE.
PICKUP COFFEE had last announced raising $40 million in a Series A round led by Argor Capital, formerly known as Go-Ventures, in April last year. The company was valued at [redacted] million after the round, which was backed by DSG Consumer Partners, Gentree Fund, Kickstart Ventures, Venturi, and Antler.
The startup, founded by Jamie Fernandez and Diego Lorenzo in 2022, claims to offer premium coffee at affordable prices. It began as a delivery-only brand serving locations around Metro Manila. Since then, it has expanded to launch physical stores — small stalls that resemble food trucks as well as bigger PRIME stores — where customers can pick up their beverages or drink them onsite.
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Other updates from DATA VANTAGE
Indonesian insect-based pet food startup Pawprints Inspired has issued new ordinary and preference shares worth [redacted] to investors, including venture capital (VC) firm [redacted], this week. In November last year, the company had announced raising $1.7 million from Creative Gorilla Capital and other investors.
Singapore-based multi-family office ICHAM has bought secondaries in Singapore Exchange-backed private market exchange ADDX. Both ICHAM and ADDX were founded by Danny Toe and are backed by the ICH Group.
Consumer fintech startup Fave received [redacted] million from parent company Pine Labs this week.
VC firms [redacted], Do Ventures and TNB Aura, and South Korea’s [redacted] have bought secondaries in Vietnamese edtech firm Vuihoc.
VC firm [redacted] has exited its investment in Vietnamese travel booking platform Luxstay by selling its shares to the latter’s founder.
Philippine digital lifestyle content company Summit Media has sold all its shares in Genesia Ventures-backed Vietnamese digital media startup Vietcetera.
Advanced Micro Foundry, a Singapore-based fabricator of semiconductor wafers, saw its losses surge 53% on a year-on-year basis in 2023, as its revenue dropped 12%, according to regulatory filings.
Multivitamin maker Youvit reported a 25% growth in its net loss for the financial year ended December 31, 2022. Its revenue surged 58% during the period.
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