Data Vantage | Segari, AWAK, Zen Hospitality, NousQ and WhiteCoat receive capital
Edition #310, 21 September 2023
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Indonesian online grocery platform Segari issued shares worth [redacted] million to Susquehanna International Group (SIG), Argor Capital, BEENEXT, AC Ventures and others this week.
The allotment is part of the startup’s $23.5 million Series B round, which comprises fresh equity funding of about [redacted] million.
The latest investment comes about two years after the startup raised a $16 million Series A round in 2021 led by Argor Capital, which was then known as Go-Ventures.
Founded in 2020 by CEO Yosua Setiawan, COO Farand Anugerah, and CTO Farandy Ramadhana, Segari provides fresh produce such as fruit, vegetables, meat and staples.
Medtech startup AWAK Technologies, which has developed a wearable and ultraportable peritoneal dialysis system, received $2.5 million from Vickers Venture Partners this week.
The startup recently announced raising over $20 million in a Series B funding round. The financing was co-led by Vickers and Lion X Ventures.
AWAK plans to use proceeds from its latest round to complete an ongoing human pre-pivotal clinical trial with Singapore General Hospital. This would pave the way for a final pivotal trial in the US, which is expected to commence in 2025.
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Other updates from DATA VANTAGE
Hospitality tech solutions provider Zen Hospitality Solutions received a capital infusion of [redacted] million from parent Yanolja Cloud this week.
Singapore-based medical technology startup NousQ received $1.62 million in new funding this week. The pre-Series A bridge financing was secured through the medtech venture platform VentureBlick. NousQ had raised over $1.2 million in seed funding in October 2021.
Telehealth service provider WhiteCoat, which enables users to consult a doctor via their smartphones, bagged [redacted] million from Raffles Family Office last week.
The Singapore unit of digital financial services provider Kredivo Group, formerly known as FinAccel, received $75 million from its parent company this week.
Singapore-based software-as-a-service (SaaS) startup Rimm Sustainability received [redacted] million from an existing shareholder last week.
Impact investment and analytics platform GreenArc Capital received a capital injection from California-based CerraCap Ventures last week.
Singapore-headquartered renewable energy firm Cleantech Solar posted a 36% growth in revenue for the financial year ended December 31, 2022. The Keppel Corp-backed firm’s losses went down 39% last year.
Indonesian fintech startup AwanTunai recorded a 3.7x revenue surge for the financial year ended Dec 31, 2021. However, its net loss expanded by over 78% during the year.
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