Data Vantage | Story Protocol, BioCheetah and BetterData bag funding, Believe files financials
Edition #274, 18 May 2023
Share As a free subscriber, you’re reading a redacted version of DealStreetAsia’s premium DATA VANTAGE twice-weekly newsletter. Unlock access to the complete version by picking up any of our premium subscription plans.
Story Protocol, a Web3 startup that seeks to change how intellectual property is created, governed and licensed on the blockchain, received nearly [redacted] last week as part of its seed funding round.
The startup has secured about $29.3 million in the round, its regulatory filings showed. The round was led by Andreessen Horowitz.
Story Protocol’s largest shareholder is [redacted], who is understood to be its founder and CEO. He previously founded the serial fiction app Radish, which was acquired for $440 million in 2021 by South Korea’s Kakao.
Investment firm [redacted] bought shares in Singapore-based ecoSPIRITS this week from Belgium-based Dental Innovations BVBA and now owns nearly 5.5% of the company.
The Belgian investor had previously pared its holding in the circular economy startup by selling shares to [redacted] earlier this month.
ecoSPIRITS recently announced the close of a $10 million funding round, which comprised $8 million in new equity funding.
Executives at top investment, financial services firms and businesses use DATA VANTAGE to make smarter investment decisions in Asia. (See how)
Other updates from DATA VANTAGE
Novade Solutions, which offers field management software for use in the building and construction industry, received [redacted] million from SIG and Cercano Management, formerly known as Vulcan Capital, this week.
Crypto technology company CYBAVO received [redacted] million from parent Circle Internet Financial this week. The latter acquired CYBAVO last year.
Singapore-based diagnostics startup BioCheetah received [redacted] million from a new investor this week in fresh funding.
BetterData, a startup that uses programmable synthetic data to secure actual data, received $1.14 million in seed funding this week from investors, including Investible, Entrepreneur First and XCEL NEXT. It also issued seed shares to convertible noteholders as part of the round.
Accel-backed FMCG company Believe Pte reported a nearly threefold increase in net losses for the year ended March 31, 2022. Its revenue, meanwhile, surged 3.5x during the period.
Indonesia-based MSME enabler Majoo posted a 2.15x growth in revenue for the year ended July 31, 2022. Its net losses surged by 4.2x during the period.
Bangladesh-based online payments startup SureCash reported an 80% decline in revenue for the financial year ended June 30, 2022. Its losses came down by nearly 23%.
As a free subscriber, you’re reading a redacted version of DealStreetAsia’s premium DATA VANTAGE twice-weekly newsletter. Unlock access to the complete version by picking up any of our premium subscription plans. Anticipate Asia’s Rising Stars and Secure Lucrative Exits
Explore DATA VANTAGE (formerly Professional Plan), an indispensable part of an analyst’s Swiss Army Knife.
To keep pace with today’s constantly evolving markets, data must be smarter, deeper, and instantly accessible. DATA VANTAGE is our smart, continuously updated research & analytics platform featuring:
- Key financials, fundraising data, and shareholding information for over 2,500 Asian venture-backed companies registered in Singapore and Indonesia
- Up to 4 new research reports per month
- Monthly and quarterly data on private funding in SE Asia, India, and Greater China
- Twice-weekly DATA VANTAGE premium newsletter
- Alerts for monitoring companies and sectors
- 50% discount on tickets to our flagship summit
- Full access to DealStreetAsia’s premium stories and archives
Combine editorial insights with robust data & research. Gain a competitive edge in the ever-changing private capital investment landscape.
>> Curious? Read More About DATA VANTAGE << © DEALSTREETASIA 2014–2023.