Data Vantage | Retail, metaverse and edtech startups snag new funding
Edition #269, 27 Apr 2023
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Dear *|IF:FNAME|**|FNAME|*,*|ELSE:|*Reader,
[Name redacted], a startup based in the Philippines, received $4 million this week from Openspace Ventures, bringing its Series A total to [redacted].
Following the latest capital infusion, the startup is valued at over [redacted] million. It has secured nearly [redacted] million more as part of the same round, according to a statement.
Founded in 2022, [redacted] had raised $1 million in seed funding from [redacted] and Reshape Ventures.
A Singapore-based document verification provider received $7 million in Series A funding from iGlobe Partners, SIG, Qualgro Partners and Pavilion Capital this week. It plans to use the new capital to grow its team in Singapore, Australia and Japan and accelerate the development of its SaaS solutions.
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Other updates from DATA VANTAGE
Africa-focused super app Gozem received another [redacted] this week, bringing its Series B total to [redacted] million. The company had earlier received $11.5 million from Reengine Ventures and other investors.
Singapore-based edtech startup Explico received $367.2k last week from Mavis Tutorial Centre and Astonic Ventures. The investment is part of a $1.4 million pre-Series A funding round announced this week.
A startup developing an avatar communication platform for the metaverse allotted seed shares worth $1.76 million to SAFE holders, including South Korean accelerator KIMGISA Lab and tech company Naver, last week.
[Redacted], an Indonesia-based curated educational platform, received nearly $590k this week from Investible and other investors.
Cybersecurity company watchTowr recorded its first revenue in the financial year ended October 31, 2022. Its net loss grew by [redacted] during the period.
Artificial intelligence company [redacted] posted an over 36% dip in revenue for the financial year ended Dec 31, 2022. Its net losses increased by 12% during the year.
Pre-loved luxury goods commerce platform StyleTribute reported a nearly [redacted] decrease in its revenue for the year ended Dec 31, 2022. It returned to the red last year after posting a small profit in the previous fiscal.
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