Data Vantage | TransTRACK, Oatside, audax and YOYO in focus

DealStreetAsia
4 min readSep 5, 2024

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Edition #405, 5 September 2024

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Dear Reader,

Indonesia-based fleet management solutions provider TransTRACK has recently witnessed a flurry of secondary transactions.

Cocoon Capital, IFP Securities, Bintang Delapan and [redacted] have bought shares in the firm from shareholders, including [redacted], Ortus Star and Goldbell Investments, the corporate venture capital arm of Singapore’s Goldbell Group. The transactions provided an exit to [redacted], which joined TransTRACK’s cap table in 2021 by backing its seed round.

According to regulatory filings, [redacted] has also sold some shares in the Indonesian firm to IFP Securities, Bintang Delapan, and [redacted].

The transactions coincide with TransTRACK’s $12 million Series A round, which was co-led by Eurazeo and Cocoon Capital. According to DATA VANTAGE, Eurazeo contributed [redacted] million to the round, while Cocoon invested [redacted] million.

The data and information in this newsletter comes from DATA VANTAGE, which tracks regulatory filings to provide you with the latest information on startup fundraising, shareholding and financials. Find out how it can aid you in your decision-making — book a demo today or write to us at subs@dealstreetasia.com

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Other updates from DATA VANTAGE

Oat milk maker Oatside received $3.8 million from Indonesian VC firm AC Ventures last week. The latest transaction brings its ongoing Series B total to [redacted] million.

Singapore-based banking-as-a-service firm audax has received a capital infusion of $8.5 million from parent SC Ventures, the investment arm of Standard Chartered.

Mushroom Material, a startup that seeks to replace styrofoam with a sustainable alternative derived from mushrooms, received [redacted] million from Wavemaker Partners and Icehouse Ventures this week.

Singapore-based YOYO Holdings, which operates the micro-influencer platform Popstar, has bagged [redacted] million in fresh funding from Malaysia-based digital marketing firm FORiT Digital.

Singapore-headquartered Aboitiz Data Innovation, the data science and artificial intelligence arm of Philippine holding company Aboitiz Group, has secured $1 million from its parent company.

Cloud-based SaaS platform Doxa Holdings received [redacted] from Singapore-based fintech company M-DAQ last week.

Rider Dome, a Singapore-based safety solutions provider for motorcycle riders and fleets, received capital from [redacted] this week. The startup had announced securing $2.3 million in a seed funding round in February.

Singapore-based startup Doerscircle, which provides support services and solutions to entrepreneurs and freelancers, received [redacted] million last week.

Indonesia-based alternative proteins startup Green Rebel (formerly known as Green Butcher) received a capital injection last week from investors, including impact investor [redacted] and VC firm AgFunder.

Singapore-based fintech platform Opal Payment received $146k from Oceanus InnoVenture last week.

[Redacted], AddVentures by SCG, Wavemaker Partners and others bought secondaries last week in Adatos.AI, a startup that uses autonomous AI and space-based remote sensing technology to quantitatively measure and analyse farmlands and ecosystems.

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