Internet of Things (IoT) solutions provider UnaBiz received $22.5 million this week from investors, including SPARX Group and GK Goh Holdings. The investment is part of a recently announced $25 million extension to its Series B round.
Japan-based SPARX Group now owns an over 20% stake in the firm.
UnaBiz plans to use the fresh funding to bolster research and development efforts and expand its product portfolio. It acquired French IoT startup Sigfox’s 0G technology this year after the latter filed for bankruptcy protection. The Sigfox technology powers the global public 0G Network that connects low-bandwidth, battery-powered devices over long ranges.
UnaBiz reported a 23.7% dip in revenue in the financial year ended December 31, 2021.
In other news, Sumitomo Life has increased its stake in insurtech firm Singlife with Aviva through secondary transactions. The sellers include an entity backed by Walter de Oude, the founder and former group CEO of Singlife. We have previously written about de Oude’s new venture, a fintech company called Chocolate Finance, and its Sequoia India-led Series A round.
The latest transactions at Singlife with Aviva have strengthened Sumitomo Life’s position as the third largest shareholder in the insurtech firm.
Singapore-based Singlife merged with Aviva’s local unit in 2020 at a combined valuation of S$3.2 billion. The merged entity was rebranded as Singlife with Aviva this year.
Other updates from DATA VANTAGE
Cooky, a Vietnam-based online grocery startup, received $2.5 million from Nextrans and Do Ventures this week as part of a recently announced $4.5 million funding round.
Wavemaker Partners and SGInnovate are among the investors that have transferred some of their shares in Singapore-based Cyber Intelligence House to long-time shareholder Peter Ernst Wild. In addition, Wild and other individual shareholders were allocated new shares worth $2.1 million by the company.
Singapore-headquartered telemedicine firm Speedoc recently reported a 4.6x growth in revenue for the financial year ended Dec 31, 2021.
Singapore-based e-commerce enabler Synagie generated nearly $31 million in revenue in the fiscal ended Dec 30, 2021. A slightly weaker performance than 2020 pushed the company’s bottom line into negative territory.
Zinier Asia, the Singapore entity of US-headquartered field service automation platform Zinier, recorded an 18x increase in revenue in the financial year ended March 31, 2022, helping it significantly reduce its losses.
India-focused consumer lending firm PaySense managed to nearly halve its losses in the financial year ended March 31, 2022. The company’s total assets grew by 84% in the same period.
Luxury tea brand TWG Tea posted a 17.4% revenue growth in the financial year ended Dec 31, 2021.