Data Vantage | Xurya, Waresix, GenZero and bbp in focus
Edition #397, 8 August 2024
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.
Dear Reader,
Indonesian solar energy company Xurya issued shares worth $43.9 million to various investors this week.
The firm has received $27.5 million from the Norwegian Climate Investment Fund (managed by Norfund), Swedfund, SEACEF II (managed by Clime Capital), British International Investment (BII), and venture capital firm AC Ventures in the first tranche of a recently announced $55 million Series A2 round. The deal marks BII’s first equity investment in Indonesia.
The renewable energy company has also issued Series A2 shares worth $16.4 million to convertible noteholders [redacted], [redacted] and Japanese trading firm Mitsui & Co.
Xurya’s regulatory filing shows that the investors in its latest round, as well as [redacted], [redacted] and Mitsui, have [redacted].
The Indonesian firm offers rooftop solar rentals without an upfront payment and claims to have installed and operated solar panels at more than 100 companies across the archipelago.
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
Schedule a free demo session now
Fintech offers ray of hope; wealthtech tops Q2 volume
Amid an ongoing market slowdown, private funding for the fintech sector in Southeast Asia has been on an upward trajectory in the last three quarters, finds a recent DATA VANTAGE report.
In fact, the sector’s total proceeds of $521 million in the second quarter of this year were slightly higher than in Q2 last year, according to SE Asia Deal Review: Q2 2024. Fintech companies clocked 38 deals in Q2, down marginally from 41 in the same quarter last year.
Under fintech, wealthtech startups inked the most deals, 13, in Q2 2024, while e-payments led in terms of deal value.
Deal volume (and value) by fintech categories in Q2 2024
Executives at top investment firms, financial services majors, and leading private companies use DATA VANTAGE to make smarter investment decisions in Asia. (See how)
Other updates from DATA VANTAGE
VC firm Granite Asia, formerly known as GGV Capital Asia, and [redacted] bought shares in Indonesian logistics firm Waresix this week from [redacted] and Emtek, respectively. Granite Asia has also invested [redacted] million directly in the firm, whose share price has [redacted] from its last round in 2022.
Climate investment firm GenZero received $44.2 million from parent Temasek Holdings this week, bringing its total funding to date to over [redacted] million.
Singapore-based wireless charging startup Xnergy allotted shares worth $1.4 million last week.
KKR-backed energy management company bbp, formerly known as Barghest Building Performance, reduced its net loss by 28% in the financial year ended December 31, 2023, as its revenue increased marginally.
Indonesia-based media platform IDN Media’s profit soared more than 20x in the financial year ended December 31, 2023, while its revenue went up 40%.
Rental e-scooter company Neuron Mobility’s losses widened 50% in the financial year ended December 31, 2022, as its revenue surged nearly 56%.
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
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 3,000 Asian venture-backed companies registered in Singapore and Indonesia
- Up to 3 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? Book a demo now to explore our database!<< © DEALSTREETASIA 2014–2024.
