Data Vantage | watchTowr, Meridian Innovation, Axcynsis and Lyte in focus

Edition #413, 08 October 2024

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Dear Reader,

Singapore-headquartered cybersecurity firm watchTowr received a capital injection from from Peak XV Partners, Prosus Ventures and Cercano Management last week.

The funding is part of a new Series A round, according to its regulatory filings. The company’s share price is up 55.5% from its pre-Series A round in 2022.

Focused on external attack surface management, watchTowr helps organisations continuously identify potential vulnerabilities and security gaps in their internet-facing assets and systems.

The latest round brings the company’s total funding to [redacted] million and its valuation to [redacted] million. According to its filings, watchTowr plans to use the proceeds from its latest round to buy back shares from its founder and for expansion and working capital needs.

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

Singapore-based thermal imaging sensors maker Meridian Innovation bagged [redacted] million last week from investors, including a subsidiary of the Hong Kong Science and Technology Parks Corporation, Taiwan Cooperative Venture Capital and SEEDS Capital.

Singapore-based biotech startup Axcynsis Therapeutics received another capital infusion last week from a vehicle managed by existing shareholder Trinity Innovation Bioventure Singapore (TIBS). The firm had received [redacted] million from the investor last year.

Lyte Ventures, a company that provides financing solutions to small and medium enterprises (SMEs) and freelancers, issued ordinary and preference shares worth [redacted] million last week to Singapore property tycoon Lim Chap Huat, former Trafigura CEO Tan Chin Hwee and others.

Supermom, a digital platform that connects brands to parents, authorities, and local communities, received $1.6 million from US-based Hearst as part of a new Series B round.

Star Array, a scientific instrument and reagent company, received [redacted] million last week from Yanhui Liu and US-based nutraceuticals firm [redacted].

Spark Systems, a Singapore-based global foreign exchange trading platform, received [redacted] million from London-based fintech group AT Capital last week.

CyberAgent Capital has exited its investment in video entertainment platform Viddsee by selling its shares to an entity with links to [redacted] founding investor [redacted].

Agritech and electronics company RYNAN Technologies saw some shares change hands last week from a private equity fund managed by [redacted] to its founder and chairman, Nguyen Thanh My.

Malaysian FMCG major Mamee-Double Decker has bought more secondaries in Singapore-based gourmet snacks company The Golden Duck.

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