Secretive venture capital firm Hedosophia was the unnamed lead investor in Indonesian SaaS startup majoo’s $10 million Series A round announced on Monday, regulatory filings showed.
The London-based investment firm, whose name is rarely mentioned in its portfolio companies’ funding announcements, invested $5.1 million in the round, according to DealStreetAsia – DATA VANTAGE.
Quona Capital, AC Ventures, BRI Ventures and fintech unicorn Xendit also participated in the round.
Hedosophia has now backed at least five Southeast Asian companies—others are Indonesia’s Pintu, Lummo and VIDA, and Singapore’s Osome—in the last couple of years. Its investment in majoo makes it one of the startup’s top shareholders.
Top shareholders in majoo
Philippine parenting-focused e-commerce startup edamama announced a $20 million Series A round led by Alpha JWC Ventures last week. Its regulatory filings show the round comprised $14 million in new equity funding, while shares worth $6 million were issued to simple agreement for future equity (SAFE) holders.
Lead investor Alpha JWC contributed $10 million in fresh funding. Philippine retail major Robinsons Retail, which is owned by the Gokongwei family, put in $2 million through New Day Ventures, while Lisa Gokongwei invested $250k separately.
Other updates from DATA VANTAGE
Financial information and analytics provider S&P Global invested $1.46 million and picked up secondaries in Singapore-based data tech startup Handshakes last week.
RootAnt Global, the company behind the banco financing platform, raised $4.55 million in new funding from SBI Ven Holdings and other investors last week.
Thai fashion commerce startup Pomelo Fashion received $3 million from Jungle Ventures last week. The startup had last bagged $1.5 million from the venture capital firm in February this year.
Atato, a Singapore-based digital asset custodian, received $2.4 million last week from NGC Ventures, Dutch model Wendy Dubbeld, Babel Finance and others as part of a $6 million Series A round announced in July.
Hotelogix, which provides cloud-based solutions for hotel management, bagged $2.14 million in fresh funding last week from Mauritius-based Seed Fund Advisory.
Biotech startup AUM Biosciences received $1.6 million from health sciences-focused investment and consulting firm SPRIM last week as part of a $27 million Series A round announced in Oct 2021. The startup has so far received $7 million in equity funding as part of the round.
Food tech startup ProfilePrint, which uses AI to grade food ingredients, received $600k from US-based commodities giant Cargill last week.
Multi-strategy investment firm Polyvalent Capital picked up shares in fintech startup Arival Bank from its co-founders Vladislav Solodkiy, Jeremy Berger and Igor Pesin last week.