Blockchain data analytics firm Nansen bagged $75 million recently in a Series B funding round led by US investment firm Accel.
According to Nansen’s regulatory filings, Accel contributed $37.5 million in the round. Archipelago Investment Pte, an affiliate of Singapore sovereign wealth fund GIC Pte, invested $19.9 million, while Andreessen Horowitz’s crypto fund put in nearly $10 million.
The round was joined by Tiger Global and SCB 10X, a subsidiary of Thai lender Siam Commercial Bank. Shares in the Series B round were allotted at $4.1 apiece.
In addition to investing directly in the round, SCB 10X picked up 730,104 secondary shares from Nansen co-founder Evgeny Medvedev and Dataframe AS, according to Nansen’s ACRA filing.
Separately, the company boosted its ESOP plan, more than doubling the shares reserved for the employee pool from 11.6 million to 26.1 million.
In another deal, the Singapore-registered entity of South Korean payment firm CHAI received $28.4 million in Series B+ funding last week. The financing is part of a $45 million round announced by the Korean firm on Tuesday.
The Singapore unit issued over 47,500 new shares at $598.1 each to investors including Nyca Partners, B Capital, SoftBank Ventures Asia, SK Networks, Hanwha Dream Fund and Samsung Next Fund, among others.
The Series B+ share price represents a 50.7% increase from Chai Pay Holding Company Pte’s last fundraising earlier this year.
Other updates from DATA VANTAGE
Used car marketplace Carro bagged $15.6 million last week from British Virgin Islands-based Celestial Sage International ($10.36 million) and Aldama Investments ($1.75 million) – it is unclear which investors are behind these entities – and Simon Moran, the founder and CEO of auto auction firm Motto Auction Thailand.
Digital financing platform SDAX Financial, formerly known as Minterest, secured nearly $8 million from port group PSA International last week. The company has now raised $48 million as part of the same round, in which it has allotted shares at $9.32 apiece.
Singapore-based digital trade finance network Contour raised an additional $4.9 million in Series A+ funding from Japan’s TIS INTEC Group, Citi Ventures and Bangkok Bank as it seeks to expand beyond digitizing letters of credit (LC).
The latest capital infusion brings total funding raised by Contour, formerly known as Voltron, to $18.3 million. The firm was set up by eight banks, including ING, BNP Paribas and HSBC, in 2018 to digitise the $18 trillion trade finance market.
Reskilling startup InterviewBit Technologies bagged $43.5 million as part of a $45 million Series B round this week. The round was led by Lightrock India.
The firm had raised $20 million in a Series A round co-led by Tiger Global Management and Sequoia India in 2020. InterviewBit reported revenue of $2.51 million and a net loss of $4.32 million for the financial year ended March 31, 2o21.
Singapore co-living space provider The Assembly Place (TAP) secured $4.4 million last week as part of its seed round. The financing was led by Oxley Holding deputy CEO Eric Low See Ching and joined by angel investors, including M+S chief executive Kemmy Tan, PropNex CEO Ismail Gafoor and Knight Frank Singapore group MD Wendy Tang.
Thai real estate marketplace Lazudi received $2 million from Swedish venture capital firm PropTech Farm last week. It also issued shares worth S$500,000 (a little over $365,000) to convertible noteholders upon completion of its priced round.
Lazudi will issue an additional 55,685 shares to the Swedish VC firm upon acquisition of the assets of Thai real estate agency Luxury Hua Hin Property, according to its regulatory filing.
Tech incubator DeClout bagged $41.7 million last week from parent company EXEO Global Pte, a unit of Tokyo-listed EXEO Group.