Data Vantage | Silicon Box, Tyme, GoTyme Bank, Radarr and Amperesand report cap table updates

Edition #345, 06 February 2024

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Singapore-headquartered semiconductor company Silicon Box received $62.7 million last week from investors, including Intel Capital, Event Horizon Capital and vehicles owned by co-founders Sehat Sutardja and Weili Dai. The funding is part of the firm’s $200 million Series B round, which catapulted it into Southeast Asia’s unicorn club.

The semiconductor packaging and testing company was founded by Sutardja and Dai, the husband-wife duo who previously co-founded and led semiconductor company Marvell, and Han Byung Joon, the former CEO of STATS ChipPAC, which was acquired by JCET in 2015.

According to DealStreetAsia — DATA VANTAGE, [redacted] is the largest shareholder in Silicon Box.

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Other updates from DATA VANTAGE

Singapore-based digital banking group Tyme received $56 million from Tencent Holdings, Apis Partners, [redacted] and other investors last week. The firm had last announced raising a $77.8 million pre-Series C round in 2023.

GoTyme Bank, a digital banking joint venture between Philippine conglomerate Gokongwei Group and Tyme, has secured [redacted] million from its parent companies.

US-based software company Genesys has bought out all shareholders in Singapore- and India-based social media analytics company Radarr Technologies.

Deep tech startup Amperesand, a Nanyang Technological University (NTU) spin-off working on commercialising technology to charge electric vehicles more efficiently, has secured $450k in fresh funding from [redacted].

Vietnamese edtech startup Clevai issued additional shares to venture investors FJ Labs and M Venture Partners last week.

UNOAsia, the incorporator of Philippine digital lender UNO Digital Bank, has allotted new shares worth $1.75 million to its founder Manish Bhai.

Singapore-based Chainstack, which offers a suite of services connecting developers with Web3 infrastructure, has issued new ordinary and preference shares worth [redacted] million to shareholders.

Philippine HR tech startup Sprout Solutions issued shares worth $850k to Wavemaker Partners, Kickstart Ventures and Patamar Capital last week.

Vickers Venture Partners-backed fintech company MatchMove reported a 3.5x jump in revenue for the financial year ended December 31, 2021. Its net loss went up by 10% during the period.

Meridian Innovation, a Singapore-based developer of low cost, mass producible thermal sensors, posted a 71% decline in revenue for the 12 months ended June 30, 2023, as it curbed its losses by over 22%.

The publisher of The Morning Context, an India-focused news platform, reported a 24% revenue growth for the financial year ended June 30, 2023. Its losses went up by 19% during the year.

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