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TRACXN MONTHLY REPORT
MAY 2021
SEA TECH
Southeast Asia Tech - May 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Contents
2
SEA Tech Snapshot 3
Investment Snapshot 4
List of Funding Rounds 5
New Investors 11
Top Funded Business Models - last 1 year 13
New Analyst Picks 14
Acquisitions 19
Recent News 20
Southeast Asia Tech - May 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
SEA Tech Snapshot – May 2021
SEA Tech: Snapshot – May 2021
Note : "Investors" refers to "Institutional Investors" only
3
$1.0B
27
Overall Geo Stats
20
7
155
49
49
Funding Rounds $ Invested Analyst Picks
BukuKas Upgraded
to SOONICORN
New Investors
Backed
Amgen Business
Development
Series A+ rounds Active Investors IPOs Acquisitions
Base#@
Tokopedia#@
Top Funding Rounds Top Markets Top Investors Top Cities
Monthly Leader Board
Singapore
(25 Rounds, $357M)
Jakarta
(9 Rounds, $533M)
Kuala Lumpur
(3 Rounds, $62M)
Ho Chi Minh City
(3 Rounds, $2.3M)
$300M - Series H
Gojek (2010, Jakarta, $4.9B)
$125M - Series C
Hummingbird Bioscience (2015,
Singapore, $150M)
$65.5M - Series B
TaniHub (2015, Jakarta, $94M)
$65M - Series B
Bibit (2016, Jakarta, $95M)
East Ventures
(4 Investments)
Sequoia Capital
(3 Investments)
Insignia Ventures
Partners
(3 Investments)
MDI Ventures
(3 Investments)
Payments
Gojek
Road Transport Tech
Logistics Tech
Oncology
Hummingbird Bioscience
Market Size
Companies Covered 27,820
Funded Companies 4,273
Total Funding $43.3B
Funding in last 12 months $8.0B
Top Exits
IPOs 187
Acquisitions 501
Company Stage
Unicorns 10
Soonicorns 82
Minicorns 374
Editor Picks 1,828
Series A+ 845
Series C+ 148
Acqui-Hires 15
Deadpooled 4,217
Top Cities
Singapore (1,880 Rounds, $22.4B)
Jakarta (643 Rounds, $13.4B)
Top Investors
East Ventures (125 Investments)
500 Durians (111 Investments)
Southeast Asia Tech - May 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Investment Snapshot
Investment Snapshot of SEA Tech as of May 2021
SEA Tech: Investment Snapshot
4
# Rounds
$ Funding
Investment Trend Top Investments (May 2021)*
Gojek
(2010, Jakarta, $4.9B)
$300M - Series H Telkomsel
Hummingbird Bioscience
(2015, Singapore, $150M)
$125M - Series C Novo Holdings
TaniHub
(2015, Jakarta, $94.0M)
$65.5M - Series B MDI Ventures
Bibit
(2016, Jakarta, $95.0M)
$65.0M - Series B Prosus
Thunes
(2016, Singapore, $130M)
$60.0M - Series B Insight Venture Partners
ADA
(2013, Kuala Lumpur, $80.0M)
$60.0M - Series B SoftBank Corp
BukuKas
(2019, Jakarta, $72.0M)
$50.0M - Series B Gokul Rajaram
SIRCLO
(2013, Tangerang, $56.0M)
$45.0M - Series B East Ventures
Engine Biosciences
(2014, Singapore, $53.0M)
$43.0M - Series A Polaris Partners
Zenyum
(2018, Singapore, $56.0M)
$40.0M - Series B L Catterton
Validus
(2015, Singapore, $40.0M)
$37.5M - Series C Fasanara
*Shows only the lead Investors
Southeast Asia Tech - May 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
List of Funding Rounds (1/6)
List of Funding Rounds in SEA Tech in May 2021
SEA Tech: List of Funding Rounds
Note: Seed Stage (Seed, Angel), Early Stage (Series A, Series B), Late Stage (Series C+), PE
5
LATE STAGE
$18.0M - Series D
Mekari (2015, Jakarta, $18.0M)
HR management and accounting solution
Money Forward, MidPlaza Holding, East Ventures
LATE STAGE
$28.0M - Series C
Amartha (2010, Jakarta, $28.0M)
Microfinance P2P lending platform
Womens World Banking, MDI Ventures, UOB, Mandiri
Capital Indonesia
LATE STAGE
$37.5M - Series C
Validus (2015, Singapore, $40.0M)
Online lending marketplace for business loans
Fasanara
LATE STAGE
$125.0M - Series C
Hummingbird Bioscience (2015, Singapore,
$150.0M)
Developer of antibody drugs for cancer treatment
Novo Holdings, Heritas Capital Management, , Amgen
Business Development, EDBI, and 10 more
LATE STAGE
$300.0M - Series H
Gojek (2010, Jakarta, $4.9B)
App-based platform offering ride-hailing and
hyperlocal delivery services
Telkomsel
LATE STAGE
Series C
Cermati (2014, Jakarta, $3.5M)
Comparison platform for financial products
MDI Ventures, Djarum
LATE STAGE
Series E
Sociolla (2014, Jakarta, $110.0M)
Online retailer offering multi-category beauty products
L Catterton, Jungle Ventures, Indies Capital Partners,
East Ventures
LATE STAGE
Series C
MerLion Pharmaceuticals (2002, Singapore,
$20.5M)
Developer of fluoroquinolone-based therapeutics for
bacterial infections
Denk Pharma, HeidelbergCapital
EARLY STAGE
$1.3M - Series A
Go2Joy (2016, Ho Chi Minh City, $6.1M)
App-based platform for booking hotels at hourly rates
SV Investment
Southeast Asia Tech - May 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
List of Funding Rounds (2/6)
List of Funding Rounds in SEA Tech in May 2021
SEA Tech: List of Funding Rounds
Note: Seed Stage (Seed, Angel), Early Stage (Series A, Series B), Late Stage (Series C+), PE
6
EARLY STAGE
$1.5M - Series B
iPrice (2014, Kuala Lumpur, $21.3M)
Online price comparison platform for multi-category
products
Woowa Bros
EARLY STAGE
$1.8M - Series A
Lapasar (2016, Sungai Buloh, $2.3M)
Provider of procure-to-pay software for businesses
Shopper360, pitchIN
EARLY STAGE
$5.0M - Series A
Breathonix (2019, Singapore, $5.0M)
Developer of a breath test system for the detection of
COVID-19
EARLY STAGE
$6.0M - Series B
Hmlet (2016, Singapore, $54.0M)
Provider of managed co-living spaces
Burda Principal Investments, Sequoia Capital
EARLY STAGE
$6.0M - Series A
Pintu (2016, Jakarta, $6.0M)
App-based platform for storing, buying & selling digital
assets & cryptocurrencies
Pantera Capital, Coinbase, Intudo Ventures,
Blockchain.com, Castle Island Ventures
EARLY STAGE
$7.5M - Series A
SKY MAVIS (2019, Singapore, $9.0M)
Blockchain based video game development studio
Libertus Capital, BlockTower, Backed, Konvoy, Collab,
and 4 more
EARLY STAGE
$17.0M - Series A
TONIK (2018, Singapore, $44.0M)
Digital bank for consumers
IGlobe Partners, Sequoia Capital, Altara Ventures,
Baring Vostok, Insignia Ventures Partners
EARLY STAGE
$30.0M - Series B
Great Deals E-Commerce (2017, Quezon City,
$42.0M)
Provides e-commerce services for brands and retailers
Fast Logistics, CVC Capital Partners, Navegar
EARLY STAGE
$40.0M - Series B
Zenyum (2018, Singapore, $56.0M)
Developer of customized orthodontics
L Catterton, Sequoia Capital, RTP Ventures, Partech
Partners, Seeds Capital, and 2 more
Southeast Asia Tech - May 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
List of Funding Rounds (3/6)
List of Funding Rounds in SEA Tech in May 2021
SEA Tech: List of Funding Rounds
Note: Seed Stage (Seed, Angel), Early Stage (Series A, Series B), Late Stage (Series C+), PE
7
EARLY STAGE
$43.0M - Series A
Engine Biosciences (2014, Singapore, $53.0M)
Platform technology for combinatorial genetics
discovery.
Polaris Partners, Vectr Ventures, Goodman Capital,
EDBI, Baidu Ventures, and 6 more
EARLY STAGE
$45.0M - Series B
SIRCLO (2013, Tangerang, $56.0M)
Cloud-based software platform to create online stores
Sinar Mas, East Ventures
EARLY STAGE
$50.0M - Series B
BukuKas (2019, Jakarta, $72.0M)
App-based bookkeeping software for SMBs
Gokul Rajaram, Taavet Hinrikus
EARLY STAGE
$60.0M - Series B
ADA (2013, Kuala Lumpur, $80.0M)
Digital marketing agency for planning and media
integration
SoftBank Corp
EARLY STAGE
$60.0M - Series B
Thunes (2016, Singapore, $130.0M)
Remittance software solutions for MTOs
Insight Venture Partners
EARLY STAGE
$65.0M - Series B
Bibit (2016, Jakarta, $95.0M)
App-based mutual funds investment platform
Sequoia, ACVentures, Prosus, East Ventures, Harvard
Management Company, and 1 more
EARLY STAGE
$65.5M - Series B
TaniHub (2015, Jakarta, $94.0M)
App-based marketplace to trade agriculture
commodities
MDI Ventures, Openspace Ventures, TMI,
AddVentures, Flourish, and 5 more
EARLY STAGE
Series B
Aerodyne (2014, Cyberjaya, $30.0M)
Provider of SaaS and AI-based drone services
Realtech Fund, KOBASHI HOLDINGS, Autonomous
Control Systems Laboratory
EARLY STAGE
Series B
Foodstory (2012, Bangkok, $1.0M)
Provider of POS solution for restaurant businesses
Beacon VC, JWD
Southeast Asia Tech - May 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
List of Funding Rounds (4/6)
List of Funding Rounds in SEA Tech in May 2021
SEA Tech: List of Funding Rounds
Note: Seed Stage (Seed, Angel), Early Stage (Series A, Series B), Late Stage (Series C+), PE
8
SEED STAGE
$500.0K - Seed
MyAlice (2018, Singapore, $500.0K)
Platform offering multi-channel customer service for
online businesses
Anchorless Bangladesh, HOF Capital
SEED STAGE
$500.0K - Seed
Finology (2017, Kuala Lumpur, $500.0K)
White label solutions for banks and insurers
Seedstars World
SEED STAGE
$578.8K - Seed
SHOPLOOOH (2013, Batu Pahat, $578.8K)
Internet first brand of apparel for women
SEED STAGE
$1.0M - Seed
Mio App (2020, Ho Chi Minh City, $1.0M)
Platform offering group-buying solution for grocery
products
Venturra Capital, Golden Gate Ventures, , Gokul
Rajaram, Vidit Aatrey, and 1 more
SEED STAGE
$1.2M - Seed
X World Games (2018, Singapore, $1.2M)
Video game developer focusing on collectible card
games
AU21 Capital, , SNZ, Longling Capital, , and 3 more
SEED STAGE
$2.0M - Seed
Affable (2017, Singapore, $2.8M)
Influencer marketing platform for Instagram
Prime Venture Partners, Decacorn Capital, SGInnovate
SEED STAGE
$2.4M - Seed
Pandora (2020, Singapore, $2.4M)
Decentralized network for financial products
Zokyo, Exnetwork Capital, AU21 Capital, a195, Chain
Assets, and 5 more
SEED STAGE
$3.0M - Seed
VUIAPP (2020, Hanoi, $3.1M)
Online lending platform for payday loans
Golden Gate Ventures, Venturra Capital, Openspace
Ventures, Goodwater Capital, FEBE Ventures
SEED STAGE
$3.0M - Seed
HashMix (2020, Singapore, $3.0M)
Decentralized & cloud-based protocol for tokenization
HashKey, Fenbushi Capital, Continue Capital, GBV,
LongHash Ventures, and 5 more
Southeast Asia Tech - May 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
List of Funding Rounds (5/6)
List of Funding Rounds in SEA Tech in May 2021
SEA Tech: List of Funding Rounds
Note: Seed Stage (Seed, Angel), Early Stage (Series A, Series B), Late Stage (Series C+), PE
9
SEED STAGE
$3.0M - Seed
Impress (2016, Singapore, $4.2M)
Provider of a candidate interviewing chatbot
SEED STAGE
$3.5M - Seed
HaloDAO (2020, Singapore, $3.5M)
Decentralized protocol & infrastructure for crypto
payments
Parataxis Capital, , NGC, Yield Guild, QSN, and 9 more
SEED STAGE
Seed
Xnergy (2018, Singapore)
Provider of a contactless charging technology for
robots
Fine Will
SEED STAGE
Seed
Gaji Gesa (2020, , $2.5M)
Online financial wellness platform for employees
OCBC NISP Ventura
SEED STAGE
Seed
KIKO (2020, Singapore, $900.0K)
App-based platform for in-video discovery solution
SOSV, Neil Bahal
SEED STAGE
Seed
ZumVet (2019, Singapore)
Provider of an online app for booking veterinary
services
Pine Venture Partners, Aetius Capital, Purpose Venture
Capital
SEED STAGE
Seed
Epik (2018, Singapore)
Provider of marketing solutions for the gaming industry
LD Capital, Signum Health, DAO Maker,
Animocabrands, ROGER VER, and 1 more
SEED STAGE
Seed
ENRES (2016, Bangkok)
AI and cloud-based energy monitoring solutions for
commercial applications
BCPG Public Company, Expara
SEED STAGE
Seed
Eezee (2016, Singapore)
Online marketplace offering multi-category products
Wavemaker Partners, January Capital, PAG, Insignia
Ventures Partners
Southeast Asia Tech - May 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
List of Funding Rounds (6/6)
List of Funding Rounds in SEA Tech in May 2021
SEA Tech: List of Funding Rounds
Note: Seed Stage (Seed, Angel), Early Stage (Series A, Series B), Late Stage (Series C+), PE
10
SEED STAGE
Seed
DishServe (2020, Singapore)
Platform offering food ordering and delivery services
Insignia Ventures Partners
SEED STAGE
Seed
Bizzi (2018, Ho Chi Minh City)
Provides automatic invoicing solutions
Qualgro, 500 Startups
SEED STAGE
Seed
ProSpark (2017, Singapore)
Learning management system for corporations
ACVentures, 500 Startups, Azure Ventures Group, PT
Prasetia Dwidharma
SEED STAGE
Seed
ESPL (2019, Singapore)
Esports league organizer
RightBridge Ventures, iCandy, Genting Ventures,
Sedania Innovator, Warner Music, and 3 more
Southeast Asia Tech - May 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
New Investors (1/2)
List of New Investors in SEA Tech in May 2021
SEA Tech: List of New Investors
11
Investor Company Info Round Amount Round Name
Backed
26 portfolio companies | Seed centric tech-focused venture capital firm
investing in geographies such as the US and Europe
SKY MAVIS
Blockchain based video game development studio
$7.50M Series A
Amgen Business Development
47 portfolio companies | Early-stage corporate venture capital firm funding
companies in the US
Hummingbird Bioscience
Developer of antibody drugs for cancer treatment
$125M Series C
Signum Health
2 portfolio companies | Developer of digital referral platform and a range of
remote diagnostic services
Epik
Provider of marketing solutions for the gaming industry
Undisclosed Seed
Purpose Venture Capital
1 portfolio companies | Venture capital firm investing in tech startups
ZumVet
Provider of an online app for booking veterinary services
Undisclosed Seed
Kyros
2 portfolio companies | Kyros Ventures - Kyros Ventures
X World Games
Video game developer focusing on collectible card games
$1.20M Seed
Yield Guild
1 portfolio companies | Limited information available
HaloDAO
Decentralized protocol & infrastructure for crypto payments
$3.50M Seed
btxcap.com
4 portfolio companies | home
X World Games
Video game developer focusing on collectible card games
$1.20M Seed
affinityadv.com
1 portfolio companies | Affinity Asset Advisors, LLC
Hummingbird Bioscience
Developer of antibody drugs for cancer treatment
$125M Series C
Spartan Group
14 portfolio companies | Boutique investment banking firm
HaloDAO
Decentralized protocol & infrastructure for crypto payments
$3.50M Seed
Amesten
1 portfolio companies | Amesten
Pandora
Decentralized network for financial products
$2.40M Seed
Southeast Asia Tech - May 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
New Investors (2/2)
List of New Investors in SEA Tech in May 2021
SEA Tech: List of New Investors
12
Investor Company Info Round Amount Round Name
BlockTower
9 portfolio companies | Cryptocurrency Investment Firm
SKY MAVIS
Blockchain based video game development studio
$7.50M Series A
TNB Aura
1 portfolio companies | Venture capital fund investing in tech startups
Zenyum
Developer of customized orthodontics
$40.00M Series B
Continue Capital
5 portfolio companies | Blockchain investment firm
HashMix
Decentralized & cloud-based protocol for tokenization
$3.00M Seed
Parataxis Capital
2 portfolio companies | Investment firm focused on digital asset sector
HaloDAO
Decentralized protocol & infrastructure for crypto payments
$3.50M Seed
RightBridge Ventures
1 portfolio companies | Venture capital focused on eSport & gaming industries
ESPL
Esports league organizer
Undisclosed Seed
Exnetwork Capital
3 portfolio companies | Exnetwork Capital
Pandora
Decentralized network for financial products
$2.40M Seed
iCandy
1 portfolio companies | Independent game publisher headquartered in Australia
ESPL
Esports league organizer
Undisclosed Seed
Prime Venture Partners
51 portfolio companies | Tech focused VC firm that does investments in India
Affable
Influencer marketing platform for Instagram
$2.00M Seed
JWD
1 portfolio companies | Logistics and transportation services provider
Foodstory
Provider of POS solution for restaurant businesses
Undisclosed Series B
LedgerPrime
4 portfolio companies | Digital asset investment firm
HaloDAO
Decentralized protocol & infrastructure for crypto payments
$3.50M Seed
Southeast Asia Tech - May 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Top Funded Business Models - last 1 year
* Rank is based on $Invested in last 1 year in the Business Model. â–˛- Indicates change in Rank from previous 1
year.
13
Rank Business Model $ Funding # Rounds Top Funding Round
1 <> 0 B2C Hyperlocal Delivery $950M 10 Grab | $300M | Series H
2 <> 0 Digital Wallets $871M 16 Grab | $300M | Series H
3 â–˛2 Card Linked Digital Wallets $675M 4 Grab | $300M | Series H
4 â–˛7 In-Store Retail Analytics $640M 1 Trax | $640M | Series E
5 â–˛7 CPG Brands Analytics $640M 1 Trax | $640M | Series E
6 â–Ľ-2 Car Ride Hailing $520M 7 Grab | $300M | Series H
7 â–Ľ-4 Two Wheeler Ride Hailing $450M 4 Gojek | $300M | Series H
8 â–Ľ-1 Last Mile Ecommerce Delivery $270M 2 SiCepat | $170M | Series B
9 â–˛223 Online Travel Agencies $251M 2 Traveloka | $250M | Series D
10 â–˛52 Residential Real Estate Listings $245M 4 PropertyGuru | $220M | Series E
Southeast Asia Tech - May 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
New Analyst Picks (1/5)
Interesting Companies identified by Analysts in SEA Tech in May 2021
SEA Tech: Analyst Picks
14
Upgraded to SOONICORN
BukuKas (2019, Jakarta, $9.0M, Seed)
App-based bookkeeping software for SMBs
Endeavor, Credit Saison, B Capital Group and 17 other
Investors
Upgraded to SOONICORN
TaniHub (2015, Jakarta, $17.0M, Series A)
App-based marketplace to trade agriculture
commodities
Vertex Ventures, AddVentures, DFS Lab and 14 other
Investors
Upgraded to SOONICORN
Validus (2015, Singapore, $20.0M, Series B)
Online lending marketplace for business loans
Banyan, VinaCapital, Vertex Ventures and 10 other
Investors
Upgraded to SOONICORN
TONIK (2018, Singapore, $21.0M, Series A)
Digital bank for consumers
Baring Vostok, Altara Ventures, Credence Partners and
6 other Investors
Upgraded to SOONICORN
SIRCLO (2013, Tangerang, $6.0M, Series B)
Cloud-based software platform to create online stores
Sinar Mas, Skystar Capital, OCBC NISP Ventura and 3
other Investors
Upgraded to SOONICORN
ADA (2013, Kuala Lumpur, $20.0M, Series A)
Digital marketing agency for planning and media
integration
SoftBank Corp,Sumitomo Corporation Equity Asiaand
Upgraded to SOONICORN
Zenyum (2018, Singapore, $1.5M, Seed)
Developer of customized orthodontics
FEBE Ventures, Aura Group, RTP Ventures and 15 other
Investors
Upgraded to SOONICORN
Engine Biosciences (2014, Singapore, $10.0M,
Seed)
Platform technology for combinatorial genetics
discovery.
Pavilion Capital Partners, Vectr Ventures, Baidu
Ventures and 12 other Investors
Upgraded to MINICORN
SKY MAVIS (2019, Singapore, $1.5M, Seed)
Blockchain based video game development studio
Kevin Lin, Stephen McKeon, ConsenSys and 16 other
Investors
Upgraded to MINICORN
Pintu (2016, Jakarta, $6.0M, Series A)
App-based platform for storing, buying & selling digital
assets & cryptocurrencies
Pantera Capital, Intudo Ventures, Castle Island
Ventures and 2 other Investors
Upgraded to MINICORN
Impress (2016, Singapore, $1.2M, Seed)
Provider of a candidate interviewing chatbot
Zeroth Ai, Startup-O, REAPRA and 3 other Investors
Upgraded to MINICORN
Great Deals E-Commerce (2017, Quezon City,
$12.0M, Series A)
Provides e-commerce services for brands and retailers
Navegar,CVC Capital Partners,Fast Logisticsand
Southeast Asia Tech - May 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
New Analyst Picks (2/5)
Interesting Companies identified by Analysts in SEA Tech in May 2021
SEA Tech: Analyst Picks
15
Upgraded to MINICORN
HaloDAO (2020, Singapore, $3.5M, Seed)
Decentralized protocol & infrastructure for crypto
payments
Dovey Wan, Parataxis Capital, and 11 other Investors
Upgraded to MINICORN
HashMix (2020, Singapore, $3.0M, Seed)
Decentralized & cloud-based protocol for tokenization
GBV, Kenetic, HashKey and 7 other Investors
Added to Editor's Pick
RoomMe (2017, Jakarta, Undisclosed, Series A)
Provider of managed co-living spaces
BAce Capital,Vertex Ventures,KK Fundand
Added to Editor's Pick
VUIAPP (2020, Hanoi, $125K, Seed)
Online lending platform for payday loans
Venturra Capital, Y Combinator, Openspace Ventures
and 3 other Investors
Added to Editor's Pick
ProxyMaster (2020, Singapore, Unfunded)
Cloud based VPN solutions provider
Added to Editor's Pick
ESPL (2019, Singapore, Undisclosed, Seed)
Esports league organizer
Michael Broda, Genting Ventures, iCandy and 7 other
Investors
Added to Editor's Pick
Vuulr (2017, Singapore, Unfunded)
B2B online content marketplace for the Film & TV
industry
Added to Editor's Pick
ScoutOut (2016, Bangkok, Unfunded)
AI-based recruitment solution for enterprises
Added to Editor's Pick
Tier One Entertainment (2015, Quezon City,
Undisclosed, Seed)
Esports talent agency organizing esports leagues and
events
Octava, BITKRAFT, Kayak and 4 other Investors
Added to Editor's Pick
AnyStories (2019, Singapore, Unfunded)
App-based platform allowing users to read and write
multi-genre stories
Southeast Asia Tech - May 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
New Analyst Picks (3/5)
Interesting Companies identified by Analysts in SEA Tech in May 2021
SEA Tech: Analyst Picks
16
Added to Editor's Pick
X World Games (2018, Singapore, $1.2M, Seed)
Video game developer focusing on collectible card
games
, SNZ, MOONWHALE and 5 other Investors
Added to Editor's Pick
Aevice Health (2016, Singapore, Undisclosed, Grant
(prize money))
AI-powered wearable asthma monitoring devices
NTUitiveand
Added to Editor's Pick
Bounty Media (2019, Singapore, $415K, Seed)
Online white-label streaming platform provider
The Mobile Only Accelerator,SOSVand
Added to Editor's Pick
MugglePay (2019, Singapore, $1.0M, Seed)
Browser-based digital wallet for cryptocurrencies
Golden Gate Ventures,Borderless Capitaland
Added to Editor's Pick
Pulsagram (2012, Yogyakarta, Unfunded)
App-based platform for bill payments
Added to Editor's Pick
Dinaran (2008, Jakarta, Unfunded)
App-based platform for gold investment
Added to Editor's Pick
Bloomer (2020, Singapore, Unfunded)
Online platform for video calls with random people
Added to Editor's Pick
ZumVet (2019, Singapore, Undisclosed, Seed)
Provider of an online app for booking veterinary
services
Purpose Venture Capital,Aetius Capital,Pine Venture
Partnersand
Added to Editor's Pick
LenddoEFL (2010, Singapore, Unfunded)
AI-based credit scoring solutions for individuals &
businesses
Added to Editor's Pick
CLEVAI (2020, Singapore, Unfunded)
AI-based platform providing math-related learning
solutions
FJ Labsand
Added to Editor's Pick
Ease (2019, Singapore, $1.2M, Seed)
Online teleconsultation platform for sexual health
management
Jaehyuk Heo, Charalambos Kaisharis, Neha Singla and 2
other Investors
Added to Editor's Pick
HappyCash (2015, Bangkok, Unfunded)
Online platform for salary benefit programs for
enterprises
Southeast Asia Tech - May 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
New Analyst Picks (4/5)
Interesting Companies identified by Analysts in SEA Tech in May 2021
SEA Tech: Analyst Picks
17
Added to Editor's Pick
Xnergy (2018, Singapore, Undisclosed, Seed)
Provider of a contactless charging technology for
robots
Fine Willand
Added to Editor's Pick
Fepi (2016, Jakarta, Unfunded)
Online retail platform for multi-category fashion
products
ES Investorand
Added to Editor's Pick
Titans Tech (2020, Jakarta, Unfunded)
Provider of a web-based platform to create AR
experiences
Added to Editor's Pick
88tuition (2018, Singapore, Unfunded)
SaaS-based platform providing school curriculum-
related learning courses
Added to Editor's Pick
primeapp.cyou (, Hanoi, Unfunded)
App-based personal finance management platform
Added to Editor's Pick
Orovault (2017, Singapore, Unfunded)
AI-based tax reporting software for individuals and
businesses
Added to Editor's Pick
ModernLMS (2012, Kuala Lumpur, Unfunded)
Online learning management solutions for multiple
industries
Added to Editor's Pick
360TRUCK (2018, Bangkok, Unfunded)
Offers a platform for booking trucks
Added to Editor's Pick
AGHRMS (2020, Singapore, Unfunded)
Cloud-based HR management solution for enterprises
Added to Editor's Pick
Gameloop (2018, Ho Chi Minh City, Unfunded)
Gaming emulation software provider for PCs
Added to Editor's Pick
Pajak.io (2020, Menteng, Unfunded)
Online tax filing services for micro, small & medium
enterprises
Added to Editor's Pick
OneService (2014, Singapore, Unfunded)
Mobile-based application for municipal issue reporting
Southeast Asia Tech - May 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
New Analyst Picks (5/5)
Interesting Companies identified by Analysts in SEA Tech in May 2021
SEA Tech: Analyst Picks
18
Added to Editor's Pick
Geniee (2018, Jakarta, Unfunded)
Programmatic digital advertising platform
Added to Editor's Pick
Springpoint (2019, Makati, Unfunded)
Banking software suite
Added to Editor's Pick
3S Cloud Render Farm (2020, Hanoi, Unfunded)
Provider of cloud-based render farms for 3D animation
Southeast Asia Tech - May 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Acquisitions
List of Acquisitions in SEA Tech in May 2021
SEA Tech: Acquisitions
19
Acq. Date Company Acquirer Deal Size
04 May 2021
Base(2017, Hanoi, $1.3M)
Applicant tracking solution
FPT
17 May 2021
Tokopedia(2009, Jakarta, $3297.0M)
Online marketplace offering multi-category products
Gojek
18 May 2021
Itemku(2014, West Jakarta, $1.4M)
Second-hand trading platform for gaming items
Bukalapak
21 May 2021
CGCX(2018, Singapore)
Decentralized exchange platform
Majic Wheels Corp $150.0M
24 May 2021
Kimo(2016, Jakarta)
Online P2P lending platform for consumer and small business
loans
31 May 2021
ThinkOfLiving(2011, Bangkok)
Online listing platform for Residential real estate properties.
PropertyGuru
31 May 2021
iProperty Group(2003, Kuala Lumpur)
Property and real estate website.
PropertyGuru
Southeast Asia Tech - May 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Recent News (1/2)
Recent News in SEA Tech in May 2021
SEA Tech:News
20
Exit News
.
â—Ź Singapore's Pine Labs acquires Malaysia-based e-commerce platform Fave in
$45 million deal Gadgets Now
.
â—Ź Indonesia's Tiket Weighs Spac Merger This Year The Business Times
.
â—Ź Triterras acquires Invoice Bazaar for $8M Seeking Alpha
.
â—Ź FPT acquires majority stake in Beenext-backed SaaS platform Base.vn E27
.
â—Ź Foxconn in talks to buy stake in Malaysian chipmaker DNeX The Business Times
.
● Indonesia’s Tiket.com Considers $2Billion SPAC Deal PageOne
.
â—Ź FPT partners with Base.vn to strengthen digital transformation business
vir.com.vn
.
â—Ź LinkAja acquires agriculture-focused P2P lender iGrow KrASIA
.
Fund News
.
â—Ź Klub to Invest Rs 250 cr in 350 New-Age Consumer Brands indianretailer.com
.
â—Ź Carsome sets up centre of excellence, appoints data chief Digital News Asia
.
â—Ź Tickled Media names ex-Rocket Internet executive as finance lead The Business
Times
.
● Jim Rogers joins Life3 Biotech’s board of investors Tech in Asia
.
Company News
.
â—Ź Eisai and Merck & Co., Inc., Kenilworth, N.J., U.S.A. Receive Priority Review
From FDA for LENVIMA (lenvatinib... ACN Newswire
Southeast Asia Tech - May 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Explore more on Tracxn
Explore more about SEA Tech on Tracxn Platform
SEA Tech: Explore more on Tracxn Platform
21
Companies
Recent Companies Covered
Funded Companies
Editor's Pick
Soonicorn Club
SaaS Companies in Southeast Asia
AI Companies in Southeast Asia
Fintech Companies Southeast Asia
Consumer Digital in Southeast Asia
Company Due Diligence
Detailed profile of Trax
Competitors of Traveloka
Cap Tables of Garena
Investment Activity
Recent Investments
Investment Trend of last 10 years
Mega Investments Rounds
Investors
Most Active Investors
Most Active Angel Investors
Unicorn Investors
Exits
IPO'd Companies
Recent Acquisitions
Most Active Acquirers
Recent Acquihires
News & Events
Recent News
News on People
News on Unicorns
Upcoming Events
Library
Recent Reports
Tracxn Blog
Global Sector Landscape
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  • 2. Southeast Asia Tech - May 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved. Contents 2 SEA Tech Snapshot 3 Investment Snapshot 4 List of Funding Rounds 5 New Investors 11 Top Funded Business Models - last 1 year 13 New Analyst Picks 14 Acquisitions 19 Recent News 20
  • 3. Southeast Asia Tech - May 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved. SEA Tech Snapshot – May 2021 SEA Tech: Snapshot – May 2021 Note : "Investors" refers to "Institutional Investors" only 3 $1.0B 27 Overall Geo Stats 20 7 155 49 49 Funding Rounds $ Invested Analyst Picks BukuKas Upgraded to SOONICORN New Investors Backed Amgen Business Development Series A+ rounds Active Investors IPOs Acquisitions Base#@ Tokopedia#@ Top Funding Rounds Top Markets Top Investors Top Cities Monthly Leader Board Singapore (25 Rounds, $357M) Jakarta (9 Rounds, $533M) Kuala Lumpur (3 Rounds, $62M) Ho Chi Minh City (3 Rounds, $2.3M) $300M - Series H Gojek (2010, Jakarta, $4.9B) $125M - Series C Hummingbird Bioscience (2015, Singapore, $150M) $65.5M - Series B TaniHub (2015, Jakarta, $94M) $65M - Series B Bibit (2016, Jakarta, $95M) East Ventures (4 Investments) Sequoia Capital (3 Investments) Insignia Ventures Partners (3 Investments) MDI Ventures (3 Investments) Payments Gojek Road Transport Tech Logistics Tech Oncology Hummingbird Bioscience Market Size Companies Covered 27,820 Funded Companies 4,273 Total Funding $43.3B Funding in last 12 months $8.0B Top Exits IPOs 187 Acquisitions 501 Company Stage Unicorns 10 Soonicorns 82 Minicorns 374 Editor Picks 1,828 Series A+ 845 Series C+ 148 Acqui-Hires 15 Deadpooled 4,217 Top Cities Singapore (1,880 Rounds, $22.4B) Jakarta (643 Rounds, $13.4B) Top Investors East Ventures (125 Investments) 500 Durians (111 Investments)
  • 4. Southeast Asia Tech - May 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved. Investment Snapshot Investment Snapshot of SEA Tech as of May 2021 SEA Tech: Investment Snapshot 4 # Rounds $ Funding Investment Trend Top Investments (May 2021)* Gojek (2010, Jakarta, $4.9B) $300M - Series H Telkomsel Hummingbird Bioscience (2015, Singapore, $150M) $125M - Series C Novo Holdings TaniHub (2015, Jakarta, $94.0M) $65.5M - Series B MDI Ventures Bibit (2016, Jakarta, $95.0M) $65.0M - Series B Prosus Thunes (2016, Singapore, $130M) $60.0M - Series B Insight Venture Partners ADA (2013, Kuala Lumpur, $80.0M) $60.0M - Series B SoftBank Corp BukuKas (2019, Jakarta, $72.0M) $50.0M - Series B Gokul Rajaram SIRCLO (2013, Tangerang, $56.0M) $45.0M - Series B East Ventures Engine Biosciences (2014, Singapore, $53.0M) $43.0M - Series A Polaris Partners Zenyum (2018, Singapore, $56.0M) $40.0M - Series B L Catterton Validus (2015, Singapore, $40.0M) $37.5M - Series C Fasanara *Shows only the lead Investors
  • 5. Southeast Asia Tech - May 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved. List of Funding Rounds (1/6) List of Funding Rounds in SEA Tech in May 2021 SEA Tech: List of Funding Rounds Note: Seed Stage (Seed, Angel), Early Stage (Series A, Series B), Late Stage (Series C+), PE 5 LATE STAGE $18.0M - Series D Mekari (2015, Jakarta, $18.0M) HR management and accounting solution Money Forward, MidPlaza Holding, East Ventures LATE STAGE $28.0M - Series C Amartha (2010, Jakarta, $28.0M) Microfinance P2P lending platform Womens World Banking, MDI Ventures, UOB, Mandiri Capital Indonesia LATE STAGE $37.5M - Series C Validus (2015, Singapore, $40.0M) Online lending marketplace for business loans Fasanara LATE STAGE $125.0M - Series C Hummingbird Bioscience (2015, Singapore, $150.0M) Developer of antibody drugs for cancer treatment Novo Holdings, Heritas Capital Management, , Amgen Business Development, EDBI, and 10 more LATE STAGE $300.0M - Series H Gojek (2010, Jakarta, $4.9B) App-based platform offering ride-hailing and hyperlocal delivery services Telkomsel LATE STAGE Series C Cermati (2014, Jakarta, $3.5M) Comparison platform for financial products MDI Ventures, Djarum LATE STAGE Series E Sociolla (2014, Jakarta, $110.0M) Online retailer offering multi-category beauty products L Catterton, Jungle Ventures, Indies Capital Partners, East Ventures LATE STAGE Series C MerLion Pharmaceuticals (2002, Singapore, $20.5M) Developer of fluoroquinolone-based therapeutics for bacterial infections Denk Pharma, HeidelbergCapital EARLY STAGE $1.3M - Series A Go2Joy (2016, Ho Chi Minh City, $6.1M) App-based platform for booking hotels at hourly rates SV Investment
  • 6. Southeast Asia Tech - May 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved. List of Funding Rounds (2/6) List of Funding Rounds in SEA Tech in May 2021 SEA Tech: List of Funding Rounds Note: Seed Stage (Seed, Angel), Early Stage (Series A, Series B), Late Stage (Series C+), PE 6 EARLY STAGE $1.5M - Series B iPrice (2014, Kuala Lumpur, $21.3M) Online price comparison platform for multi-category products Woowa Bros EARLY STAGE $1.8M - Series A Lapasar (2016, Sungai Buloh, $2.3M) Provider of procure-to-pay software for businesses Shopper360, pitchIN EARLY STAGE $5.0M - Series A Breathonix (2019, Singapore, $5.0M) Developer of a breath test system for the detection of COVID-19 EARLY STAGE $6.0M - Series B Hmlet (2016, Singapore, $54.0M) Provider of managed co-living spaces Burda Principal Investments, Sequoia Capital EARLY STAGE $6.0M - Series A Pintu (2016, Jakarta, $6.0M) App-based platform for storing, buying & selling digital assets & cryptocurrencies Pantera Capital, Coinbase, Intudo Ventures, Blockchain.com, Castle Island Ventures EARLY STAGE $7.5M - Series A SKY MAVIS (2019, Singapore, $9.0M) Blockchain based video game development studio Libertus Capital, BlockTower, Backed, Konvoy, Collab, and 4 more EARLY STAGE $17.0M - Series A TONIK (2018, Singapore, $44.0M) Digital bank for consumers IGlobe Partners, Sequoia Capital, Altara Ventures, Baring Vostok, Insignia Ventures Partners EARLY STAGE $30.0M - Series B Great Deals E-Commerce (2017, Quezon City, $42.0M) Provides e-commerce services for brands and retailers Fast Logistics, CVC Capital Partners, Navegar EARLY STAGE $40.0M - Series B Zenyum (2018, Singapore, $56.0M) Developer of customized orthodontics L Catterton, Sequoia Capital, RTP Ventures, Partech Partners, Seeds Capital, and 2 more
  • 7. Southeast Asia Tech - May 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved. List of Funding Rounds (3/6) List of Funding Rounds in SEA Tech in May 2021 SEA Tech: List of Funding Rounds Note: Seed Stage (Seed, Angel), Early Stage (Series A, Series B), Late Stage (Series C+), PE 7 EARLY STAGE $43.0M - Series A Engine Biosciences (2014, Singapore, $53.0M) Platform technology for combinatorial genetics discovery. Polaris Partners, Vectr Ventures, Goodman Capital, EDBI, Baidu Ventures, and 6 more EARLY STAGE $45.0M - Series B SIRCLO (2013, Tangerang, $56.0M) Cloud-based software platform to create online stores Sinar Mas, East Ventures EARLY STAGE $50.0M - Series B BukuKas (2019, Jakarta, $72.0M) App-based bookkeeping software for SMBs Gokul Rajaram, Taavet Hinrikus EARLY STAGE $60.0M - Series B ADA (2013, Kuala Lumpur, $80.0M) Digital marketing agency for planning and media integration SoftBank Corp EARLY STAGE $60.0M - Series B Thunes (2016, Singapore, $130.0M) Remittance software solutions for MTOs Insight Venture Partners EARLY STAGE $65.0M - Series B Bibit (2016, Jakarta, $95.0M) App-based mutual funds investment platform Sequoia, ACVentures, Prosus, East Ventures, Harvard Management Company, and 1 more EARLY STAGE $65.5M - Series B TaniHub (2015, Jakarta, $94.0M) App-based marketplace to trade agriculture commodities MDI Ventures, Openspace Ventures, TMI, AddVentures, Flourish, and 5 more EARLY STAGE Series B Aerodyne (2014, Cyberjaya, $30.0M) Provider of SaaS and AI-based drone services Realtech Fund, KOBASHI HOLDINGS, Autonomous Control Systems Laboratory EARLY STAGE Series B Foodstory (2012, Bangkok, $1.0M) Provider of POS solution for restaurant businesses Beacon VC, JWD
  • 8. Southeast Asia Tech - May 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved. List of Funding Rounds (4/6) List of Funding Rounds in SEA Tech in May 2021 SEA Tech: List of Funding Rounds Note: Seed Stage (Seed, Angel), Early Stage (Series A, Series B), Late Stage (Series C+), PE 8 SEED STAGE $500.0K - Seed MyAlice (2018, Singapore, $500.0K) Platform offering multi-channel customer service for online businesses Anchorless Bangladesh, HOF Capital SEED STAGE $500.0K - Seed Finology (2017, Kuala Lumpur, $500.0K) White label solutions for banks and insurers Seedstars World SEED STAGE $578.8K - Seed SHOPLOOOH (2013, Batu Pahat, $578.8K) Internet first brand of apparel for women SEED STAGE $1.0M - Seed Mio App (2020, Ho Chi Minh City, $1.0M) Platform offering group-buying solution for grocery products Venturra Capital, Golden Gate Ventures, , Gokul Rajaram, Vidit Aatrey, and 1 more SEED STAGE $1.2M - Seed X World Games (2018, Singapore, $1.2M) Video game developer focusing on collectible card games AU21 Capital, , SNZ, Longling Capital, , and 3 more SEED STAGE $2.0M - Seed Affable (2017, Singapore, $2.8M) Influencer marketing platform for Instagram Prime Venture Partners, Decacorn Capital, SGInnovate SEED STAGE $2.4M - Seed Pandora (2020, Singapore, $2.4M) Decentralized network for financial products Zokyo, Exnetwork Capital, AU21 Capital, a195, Chain Assets, and 5 more SEED STAGE $3.0M - Seed VUIAPP (2020, Hanoi, $3.1M) Online lending platform for payday loans Golden Gate Ventures, Venturra Capital, Openspace Ventures, Goodwater Capital, FEBE Ventures SEED STAGE $3.0M - Seed HashMix (2020, Singapore, $3.0M) Decentralized & cloud-based protocol for tokenization HashKey, Fenbushi Capital, Continue Capital, GBV, LongHash Ventures, and 5 more
  • 9. Southeast Asia Tech - May 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved. List of Funding Rounds (5/6) List of Funding Rounds in SEA Tech in May 2021 SEA Tech: List of Funding Rounds Note: Seed Stage (Seed, Angel), Early Stage (Series A, Series B), Late Stage (Series C+), PE 9 SEED STAGE $3.0M - Seed Impress (2016, Singapore, $4.2M) Provider of a candidate interviewing chatbot SEED STAGE $3.5M - Seed HaloDAO (2020, Singapore, $3.5M) Decentralized protocol & infrastructure for crypto payments Parataxis Capital, , NGC, Yield Guild, QSN, and 9 more SEED STAGE Seed Xnergy (2018, Singapore) Provider of a contactless charging technology for robots Fine Will SEED STAGE Seed Gaji Gesa (2020, , $2.5M) Online financial wellness platform for employees OCBC NISP Ventura SEED STAGE Seed KIKO (2020, Singapore, $900.0K) App-based platform for in-video discovery solution SOSV, Neil Bahal SEED STAGE Seed ZumVet (2019, Singapore) Provider of an online app for booking veterinary services Pine Venture Partners, Aetius Capital, Purpose Venture Capital SEED STAGE Seed Epik (2018, Singapore) Provider of marketing solutions for the gaming industry LD Capital, Signum Health, DAO Maker, Animocabrands, ROGER VER, and 1 more SEED STAGE Seed ENRES (2016, Bangkok) AI and cloud-based energy monitoring solutions for commercial applications BCPG Public Company, Expara SEED STAGE Seed Eezee (2016, Singapore) Online marketplace offering multi-category products Wavemaker Partners, January Capital, PAG, Insignia Ventures Partners
  • 10. Southeast Asia Tech - May 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved. List of Funding Rounds (6/6) List of Funding Rounds in SEA Tech in May 2021 SEA Tech: List of Funding Rounds Note: Seed Stage (Seed, Angel), Early Stage (Series A, Series B), Late Stage (Series C+), PE 10 SEED STAGE Seed DishServe (2020, Singapore) Platform offering food ordering and delivery services Insignia Ventures Partners SEED STAGE Seed Bizzi (2018, Ho Chi Minh City) Provides automatic invoicing solutions Qualgro, 500 Startups SEED STAGE Seed ProSpark (2017, Singapore) Learning management system for corporations ACVentures, 500 Startups, Azure Ventures Group, PT Prasetia Dwidharma SEED STAGE Seed ESPL (2019, Singapore) Esports league organizer RightBridge Ventures, iCandy, Genting Ventures, Sedania Innovator, Warner Music, and 3 more
  • 11. Southeast Asia Tech - May 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved. New Investors (1/2) List of New Investors in SEA Tech in May 2021 SEA Tech: List of New Investors 11 Investor Company Info Round Amount Round Name Backed 26 portfolio companies | Seed centric tech-focused venture capital firm investing in geographies such as the US and Europe SKY MAVIS Blockchain based video game development studio $7.50M Series A Amgen Business Development 47 portfolio companies | Early-stage corporate venture capital firm funding companies in the US Hummingbird Bioscience Developer of antibody drugs for cancer treatment $125M Series C Signum Health 2 portfolio companies | Developer of digital referral platform and a range of remote diagnostic services Epik Provider of marketing solutions for the gaming industry Undisclosed Seed Purpose Venture Capital 1 portfolio companies | Venture capital firm investing in tech startups ZumVet Provider of an online app for booking veterinary services Undisclosed Seed Kyros 2 portfolio companies | Kyros Ventures - Kyros Ventures X World Games Video game developer focusing on collectible card games $1.20M Seed Yield Guild 1 portfolio companies | Limited information available HaloDAO Decentralized protocol & infrastructure for crypto payments $3.50M Seed btxcap.com 4 portfolio companies | home X World Games Video game developer focusing on collectible card games $1.20M Seed affinityadv.com 1 portfolio companies | Affinity Asset Advisors, LLC Hummingbird Bioscience Developer of antibody drugs for cancer treatment $125M Series C Spartan Group 14 portfolio companies | Boutique investment banking firm HaloDAO Decentralized protocol & infrastructure for crypto payments $3.50M Seed Amesten 1 portfolio companies | Amesten Pandora Decentralized network for financial products $2.40M Seed
  • 12. Southeast Asia Tech - May 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved. New Investors (2/2) List of New Investors in SEA Tech in May 2021 SEA Tech: List of New Investors 12 Investor Company Info Round Amount Round Name BlockTower 9 portfolio companies | Cryptocurrency Investment Firm SKY MAVIS Blockchain based video game development studio $7.50M Series A TNB Aura 1 portfolio companies | Venture capital fund investing in tech startups Zenyum Developer of customized orthodontics $40.00M Series B Continue Capital 5 portfolio companies | Blockchain investment firm HashMix Decentralized & cloud-based protocol for tokenization $3.00M Seed Parataxis Capital 2 portfolio companies | Investment firm focused on digital asset sector HaloDAO Decentralized protocol & infrastructure for crypto payments $3.50M Seed RightBridge Ventures 1 portfolio companies | Venture capital focused on eSport & gaming industries ESPL Esports league organizer Undisclosed Seed Exnetwork Capital 3 portfolio companies | Exnetwork Capital Pandora Decentralized network for financial products $2.40M Seed iCandy 1 portfolio companies | Independent game publisher headquartered in Australia ESPL Esports league organizer Undisclosed Seed Prime Venture Partners 51 portfolio companies | Tech focused VC firm that does investments in India Affable Influencer marketing platform for Instagram $2.00M Seed JWD 1 portfolio companies | Logistics and transportation services provider Foodstory Provider of POS solution for restaurant businesses Undisclosed Series B LedgerPrime 4 portfolio companies | Digital asset investment firm HaloDAO Decentralized protocol & infrastructure for crypto payments $3.50M Seed
  • 13. Southeast Asia Tech - May 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved. Top Funded Business Models - last 1 year * Rank is based on $Invested in last 1 year in the Business Model. â–˛- Indicates change in Rank from previous 1 year. 13 Rank Business Model $ Funding # Rounds Top Funding Round 1 <> 0 B2C Hyperlocal Delivery $950M 10 Grab | $300M | Series H 2 <> 0 Digital Wallets $871M 16 Grab | $300M | Series H 3 â–˛2 Card Linked Digital Wallets $675M 4 Grab | $300M | Series H 4 â–˛7 In-Store Retail Analytics $640M 1 Trax | $640M | Series E 5 â–˛7 CPG Brands Analytics $640M 1 Trax | $640M | Series E 6 â–Ľ-2 Car Ride Hailing $520M 7 Grab | $300M | Series H 7 â–Ľ-4 Two Wheeler Ride Hailing $450M 4 Gojek | $300M | Series H 8 â–Ľ-1 Last Mile Ecommerce Delivery $270M 2 SiCepat | $170M | Series B 9 â–˛223 Online Travel Agencies $251M 2 Traveloka | $250M | Series D 10 â–˛52 Residential Real Estate Listings $245M 4 PropertyGuru | $220M | Series E
  • 14. Southeast Asia Tech - May 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved. New Analyst Picks (1/5) Interesting Companies identified by Analysts in SEA Tech in May 2021 SEA Tech: Analyst Picks 14 Upgraded to SOONICORN BukuKas (2019, Jakarta, $9.0M, Seed) App-based bookkeeping software for SMBs Endeavor, Credit Saison, B Capital Group and 17 other Investors Upgraded to SOONICORN TaniHub (2015, Jakarta, $17.0M, Series A) App-based marketplace to trade agriculture commodities Vertex Ventures, AddVentures, DFS Lab and 14 other Investors Upgraded to SOONICORN Validus (2015, Singapore, $20.0M, Series B) Online lending marketplace for business loans Banyan, VinaCapital, Vertex Ventures and 10 other Investors Upgraded to SOONICORN TONIK (2018, Singapore, $21.0M, Series A) Digital bank for consumers Baring Vostok, Altara Ventures, Credence Partners and 6 other Investors Upgraded to SOONICORN SIRCLO (2013, Tangerang, $6.0M, Series B) Cloud-based software platform to create online stores Sinar Mas, Skystar Capital, OCBC NISP Ventura and 3 other Investors Upgraded to SOONICORN ADA (2013, Kuala Lumpur, $20.0M, Series A) Digital marketing agency for planning and media integration SoftBank Corp,Sumitomo Corporation Equity Asiaand Upgraded to SOONICORN Zenyum (2018, Singapore, $1.5M, Seed) Developer of customized orthodontics FEBE Ventures, Aura Group, RTP Ventures and 15 other Investors Upgraded to SOONICORN Engine Biosciences (2014, Singapore, $10.0M, Seed) Platform technology for combinatorial genetics discovery. Pavilion Capital Partners, Vectr Ventures, Baidu Ventures and 12 other Investors Upgraded to MINICORN SKY MAVIS (2019, Singapore, $1.5M, Seed) Blockchain based video game development studio Kevin Lin, Stephen McKeon, ConsenSys and 16 other Investors Upgraded to MINICORN Pintu (2016, Jakarta, $6.0M, Series A) App-based platform for storing, buying & selling digital assets & cryptocurrencies Pantera Capital, Intudo Ventures, Castle Island Ventures and 2 other Investors Upgraded to MINICORN Impress (2016, Singapore, $1.2M, Seed) Provider of a candidate interviewing chatbot Zeroth Ai, Startup-O, REAPRA and 3 other Investors Upgraded to MINICORN Great Deals E-Commerce (2017, Quezon City, $12.0M, Series A) Provides e-commerce services for brands and retailers Navegar,CVC Capital Partners,Fast Logisticsand
  • 15. Southeast Asia Tech - May 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved. New Analyst Picks (2/5) Interesting Companies identified by Analysts in SEA Tech in May 2021 SEA Tech: Analyst Picks 15 Upgraded to MINICORN HaloDAO (2020, Singapore, $3.5M, Seed) Decentralized protocol & infrastructure for crypto payments Dovey Wan, Parataxis Capital, and 11 other Investors Upgraded to MINICORN HashMix (2020, Singapore, $3.0M, Seed) Decentralized & cloud-based protocol for tokenization GBV, Kenetic, HashKey and 7 other Investors Added to Editor's Pick RoomMe (2017, Jakarta, Undisclosed, Series A) Provider of managed co-living spaces BAce Capital,Vertex Ventures,KK Fundand Added to Editor's Pick VUIAPP (2020, Hanoi, $125K, Seed) Online lending platform for payday loans Venturra Capital, Y Combinator, Openspace Ventures and 3 other Investors Added to Editor's Pick ProxyMaster (2020, Singapore, Unfunded) Cloud based VPN solutions provider Added to Editor's Pick ESPL (2019, Singapore, Undisclosed, Seed) Esports league organizer Michael Broda, Genting Ventures, iCandy and 7 other Investors Added to Editor's Pick Vuulr (2017, Singapore, Unfunded) B2B online content marketplace for the Film & TV industry Added to Editor's Pick ScoutOut (2016, Bangkok, Unfunded) AI-based recruitment solution for enterprises Added to Editor's Pick Tier One Entertainment (2015, Quezon City, Undisclosed, Seed) Esports talent agency organizing esports leagues and events Octava, BITKRAFT, Kayak and 4 other Investors Added to Editor's Pick AnyStories (2019, Singapore, Unfunded) App-based platform allowing users to read and write multi-genre stories
  • 16. Southeast Asia Tech - May 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved. New Analyst Picks (3/5) Interesting Companies identified by Analysts in SEA Tech in May 2021 SEA Tech: Analyst Picks 16 Added to Editor's Pick X World Games (2018, Singapore, $1.2M, Seed) Video game developer focusing on collectible card games , SNZ, MOONWHALE and 5 other Investors Added to Editor's Pick Aevice Health (2016, Singapore, Undisclosed, Grant (prize money)) AI-powered wearable asthma monitoring devices NTUitiveand Added to Editor's Pick Bounty Media (2019, Singapore, $415K, Seed) Online white-label streaming platform provider The Mobile Only Accelerator,SOSVand Added to Editor's Pick MugglePay (2019, Singapore, $1.0M, Seed) Browser-based digital wallet for cryptocurrencies Golden Gate Ventures,Borderless Capitaland Added to Editor's Pick Pulsagram (2012, Yogyakarta, Unfunded) App-based platform for bill payments Added to Editor's Pick Dinaran (2008, Jakarta, Unfunded) App-based platform for gold investment Added to Editor's Pick Bloomer (2020, Singapore, Unfunded) Online platform for video calls with random people Added to Editor's Pick ZumVet (2019, Singapore, Undisclosed, Seed) Provider of an online app for booking veterinary services Purpose Venture Capital,Aetius Capital,Pine Venture Partnersand Added to Editor's Pick LenddoEFL (2010, Singapore, Unfunded) AI-based credit scoring solutions for individuals & businesses Added to Editor's Pick CLEVAI (2020, Singapore, Unfunded) AI-based platform providing math-related learning solutions FJ Labsand Added to Editor's Pick Ease (2019, Singapore, $1.2M, Seed) Online teleconsultation platform for sexual health management Jaehyuk Heo, Charalambos Kaisharis, Neha Singla and 2 other Investors Added to Editor's Pick HappyCash (2015, Bangkok, Unfunded) Online platform for salary benefit programs for enterprises
  • 17. Southeast Asia Tech - May 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved. New Analyst Picks (4/5) Interesting Companies identified by Analysts in SEA Tech in May 2021 SEA Tech: Analyst Picks 17 Added to Editor's Pick Xnergy (2018, Singapore, Undisclosed, Seed) Provider of a contactless charging technology for robots Fine Willand Added to Editor's Pick Fepi (2016, Jakarta, Unfunded) Online retail platform for multi-category fashion products ES Investorand Added to Editor's Pick Titans Tech (2020, Jakarta, Unfunded) Provider of a web-based platform to create AR experiences Added to Editor's Pick 88tuition (2018, Singapore, Unfunded) SaaS-based platform providing school curriculum- related learning courses Added to Editor's Pick primeapp.cyou (, Hanoi, Unfunded) App-based personal finance management platform Added to Editor's Pick Orovault (2017, Singapore, Unfunded) AI-based tax reporting software for individuals and businesses Added to Editor's Pick ModernLMS (2012, Kuala Lumpur, Unfunded) Online learning management solutions for multiple industries Added to Editor's Pick 360TRUCK (2018, Bangkok, Unfunded) Offers a platform for booking trucks Added to Editor's Pick AGHRMS (2020, Singapore, Unfunded) Cloud-based HR management solution for enterprises Added to Editor's Pick Gameloop (2018, Ho Chi Minh City, Unfunded) Gaming emulation software provider for PCs Added to Editor's Pick Pajak.io (2020, Menteng, Unfunded) Online tax filing services for micro, small & medium enterprises Added to Editor's Pick OneService (2014, Singapore, Unfunded) Mobile-based application for municipal issue reporting
  • 18. Southeast Asia Tech - May 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved. New Analyst Picks (5/5) Interesting Companies identified by Analysts in SEA Tech in May 2021 SEA Tech: Analyst Picks 18 Added to Editor's Pick Geniee (2018, Jakarta, Unfunded) Programmatic digital advertising platform Added to Editor's Pick Springpoint (2019, Makati, Unfunded) Banking software suite Added to Editor's Pick 3S Cloud Render Farm (2020, Hanoi, Unfunded) Provider of cloud-based render farms for 3D animation
  • 19. Southeast Asia Tech - May 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved. Acquisitions List of Acquisitions in SEA Tech in May 2021 SEA Tech: Acquisitions 19 Acq. Date Company Acquirer Deal Size 04 May 2021 Base(2017, Hanoi, $1.3M) Applicant tracking solution FPT 17 May 2021 Tokopedia(2009, Jakarta, $3297.0M) Online marketplace offering multi-category products Gojek 18 May 2021 Itemku(2014, West Jakarta, $1.4M) Second-hand trading platform for gaming items Bukalapak 21 May 2021 CGCX(2018, Singapore) Decentralized exchange platform Majic Wheels Corp $150.0M 24 May 2021 Kimo(2016, Jakarta) Online P2P lending platform for consumer and small business loans 31 May 2021 ThinkOfLiving(2011, Bangkok) Online listing platform for Residential real estate properties. PropertyGuru 31 May 2021 iProperty Group(2003, Kuala Lumpur) Property and real estate website. PropertyGuru
  • 20. Southeast Asia Tech - May 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved. Recent News (1/2) Recent News in SEA Tech in May 2021 SEA Tech:News 20 Exit News . â—Ź Singapore's Pine Labs acquires Malaysia-based e-commerce platform Fave in $45 million deal Gadgets Now . â—Ź Indonesia's Tiket Weighs Spac Merger This Year The Business Times . â—Ź Triterras acquires Invoice Bazaar for $8M Seeking Alpha . â—Ź FPT acquires majority stake in Beenext-backed SaaS platform Base.vn E27 . â—Ź Foxconn in talks to buy stake in Malaysian chipmaker DNeX The Business Times . â—Ź Indonesia’s Tiket.com Considers $2Billion SPAC Deal PageOne . â—Ź FPT partners with Base.vn to strengthen digital transformation business vir.com.vn . â—Ź LinkAja acquires agriculture-focused P2P lender iGrow KrASIA . Fund News . â—Ź Klub to Invest Rs 250 cr in 350 New-Age Consumer Brands indianretailer.com . â—Ź Carsome sets up centre of excellence, appoints data chief Digital News Asia . â—Ź Tickled Media names ex-Rocket Internet executive as finance lead The Business Times . â—Ź Jim Rogers joins Life3 Biotech’s board of investors Tech in Asia . Company News . â—Ź Eisai and Merck & Co., Inc., Kenilworth, N.J., U.S.A. Receive Priority Review From FDA for LENVIMA (lenvatinib... ACN Newswire
  • 21. Southeast Asia Tech - May 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved. Explore more on Tracxn Explore more about SEA Tech on Tracxn Platform SEA Tech: Explore more on Tracxn Platform 21 Companies Recent Companies Covered Funded Companies Editor's Pick Soonicorn Club SaaS Companies in Southeast Asia AI Companies in Southeast Asia Fintech Companies Southeast Asia Consumer Digital in Southeast Asia Company Due Diligence Detailed profile of Trax Competitors of Traveloka Cap Tables of Garena Investment Activity Recent Investments Investment Trend of last 10 years Mega Investments Rounds Investors Most Active Investors Most Active Angel Investors Unicorn Investors Exits IPO'd Companies Recent Acquisitions Most Active Acquirers Recent Acquihires News & Events Recent News News on People News on Unicorns Upcoming Events Library Recent Reports Tracxn Blog Global Sector Landscape
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