Data Vantage | SCI Ecommerce, Glife and Rario receive funding and other updates
Edition #174, 17 May 2022
Dear Reader,
Singapore-based e-commerce enabler SCI Ecommerce received another $10.4 million from Asia Partners last week, according to its regulatory filings.
According to SCI’s filings with Singapore’s Accounting and Corporate Regulatory Authority (ACRA), it allotted nearly 2.9 million preference shares to the investment firm at $3.59 apiece.
The startup, which provides end-to-end e-commerce enablement services to brands in Southeast Asia and China, had raised $12 million at the same share price from Asia Partners, EDBI and Grand Fortune Capital in April.
Top shareholders in SCI Ecommerce
Data as of May 16. Source: DATA VANTAGE
Rario, a digital collectibles marketplace for cricket non-fungible tokens (NFT), received a total of $61.3 million from Dream Capital last week. The capital injection is part of a $120 million Series A round led by the corporate venture capital arm of Dream Sports announced in April.
Rario currently holds the largest share of cricket NFT rights globally through exclusive partnerships with six international cricket leagues and a roster of over 900 cricketers. Its latest funding gives it access to Dream Sports’s 140 million users.
Other updates from DATA VANTAGE
Healthtech unicorn Biofourmis received additional equity funding of nearly $20 million last week from Openspace Ventures as part of a $300 million Series D round announced in April. Other investors in the General Atlantic-led round include CVS Healthcare.
Privyr, a mobile customer relationship management (CRM) company, has raised $6 million in a Series A funding round led by MassMutual Ventures Southeast Asia. It also issued Series A shares worth S$200,000 ($144,000) to convertible noteholders, including Entrepreneur First.
Singapore-based food tech company Glife Technologies received $2 million from Heliconia Capital last week as part of an $8 million round announced last year.
Shrimp-farming management startup Jala Tech allotted shares worth $3 million to investors including Althelia Sustainable Ocean Fund and Real Tech Fund.
B2B commerce startup Moglix recorded secondary transactions last week. Alpha Wave Global bought some shares in the Indian company from other shareholders, including Accel. The transactions are part of a $250 million Series F round led by Alpha Wave in January this year.
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