Singapore-based e-commerce aggregator Una Brands received $27.3 million this week from Alpha JWC Ventures and White Star Capital.
The company had announced securing $30 million in the first close of a Series B funding round co-led by the two venture capital firms in September. The latest funding brings its total equity and debt financing to nearly $100 million and will be used to fuel acquisitions and the development of proprietary technology.
The Singapore-based company plans to enter Thailand this year following its launch in South Korea, Malaysia, and Indonesia.
Top shareholders in Una Brands
Fintech company FinAccel received $2.5 million this week from Cathay Innovation, bringing its Series D total to $96.5 million. According to its filing with Singapore’s Accounting and Corporate Regulatory Authority (ACRA), it plans to raise up to $135 million in the round.
The company also saw changes to its board of directors last week with the addition of former Slack CFO Allen Shim and the exit of Alpha JWC Ventures managing partner Jefrey Joe.
Other updates from DATA VANTAGE
Oncoshot, a startup that uses artificial intelligence to address the inefficiencies of cancer clinical trials, allocated new shares worth $900,000 to existing investor SEEDS Capital this week. The price per share for the latest allotment was the same as that paid by pre-Series A lead investor MassMutual Ventures in July.
The latest transaction takes its total pre-Series A proceeds to $4.17 million. Other investors in the round included Milltrust International and angel investors such as Zubin Daruwalla.
Singapore-based SEEDS Capital has invested at least $22.24 million in Southeast Asia’s startups so far this year, according to DealStreetAsia – DATA VANTAGE.
SaaS startup Antuit.ai’s Singapore entity has voluntarily entered into liquidation, according to regulatory filings seen by DealStreetAsia. The company has appointed Kon Yin Tong and Aw Eng Hai, executives at Singapore-based accounting firm Koo Fon Tan, as its liquidators.
Antuit.ai was acquired by Illinois-based Zebra Technologies, which provides hardware, software, services and solutions to digitise and automate workflows, from a consortium led by Goldman Sachs Asset Management in August last year.
In response to a DealStreetAsia query, Zebra said, “The liquidation of Antuit Holdings Pte Ltd is part of a standard internal restructuring process to achieve greater business efficiency and cost-effectiveness. This liquidation does not affect the operation of the Antuit business in any substantive manner.”
Ampotech, a smart building IoT startup based in Singapore, received nearly $140,000 in the first tranche of a pre-Series A round from Earth Venture Capital this week. The company plans to raise an additional $280,000 from the same investor in the second tranche, according to its ACRA filing.
Ampotech has also allotted pre-Series A2 shares worth $418k to investors, including SEEDS Capital and Silicon Solution Ventures, upon conversion of notes issued previously.
Jeff Bezos-backed fintech startup Lummo’s net loss before interest ballooned nearly four times to $31.4 million for the financial year ended March 31, 2022, while online video editing startup InVideo’s losses more than doubled during the same period.
Customer engagement platform firm Braze’s Singapore entity saw its revenue for the financial year ended Jan 31, 2022, more than double to $11.4 million, while marketing tech firm Advocado reported a 35% increase in revenue in the financial year ended Dec 31, 2021.