Data Vantage | Triple-A, GluedIn receive funding; Happi enters liquidation
Edition #321, 31 October 2023
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Singapore-headquartered digital currency payments institution Triple-A received [redacted] million last week from investors, including Peak XV Partners, Shorooq Partners and 1982 Ventures.
The funding is part of the startup’s recently announced $10 million Series A round to support its expansion in the Middle East, North America and South America.
According to regulatory filings, Peak XV Partners and [redacted] also bought secondaries from other Triple-A investors, including [redacted], last week.
GluedIn, a marketing tech startup that provides an in-app content and community SaaS platform, issued new preference shares worth $1.3 million to investors, including several angel backers, last week. Recipients include Ahmed Ali Husain Nalwala, Vickram Mangalgiri and Mitul Damani.
The company enables its clients to integrate short videos and other content inside their apps to improve user engagement and retention.
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Other updates from DATA VANTAGE
Singapore-based advertising technology company Happi has appointed Mann & Associates PAC as its liquidator, according to a regulatory filing. Earlier this month, it had filed a notice of its inability to continue business due to liabilities. The startup was valued at [redacted] million after its last funding round in 2019.
Singapore-based KaHa, the company behind smart IoT wearables platform COVE, recorded revenue of [redacted] million for the financial year ended March 31, 2023. It posted a net loss of [redacted] million for the period.
Third Wave Power, a Singapore-based company that produces renewable energy-focused consumer electronics, turned a profit in the 12-month period that ended March 31, 2023, after reporting a 124.5% increase in revenue.
Indonesian dating platform Lunch Actually saw its net profit more than double in 2022 as its revenue grew 12% year-on-year, according to a financial statement filed last week.
Singapore-registered Subnero, which provides underwater wireless network solutions, also turned a profit in the 12-month period ended March 31, 2023, thanks to a 28% year-on-year increase in revenue.
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