Mosaic Solutions, a Philippines-based provider of restaurant management solutions, received $5 million in fresh funding last week, according to regulatory filings.
Kickstart Ventures’s ACTIVE Fund, Gentree Fund and Sierra Madre were among the investors in the latest round. The startup’s shares were priced at $1 apiece.
Mosaic had last announced raising $1 million in additional pre-Series A funding from Gentree Fund in 2021. It had earlier bagged $1.5 million as part of the same round in 2020.
Top shareholders in Mosaic Solutions
Source: DATA VANTAGE
TWID, a rewards-based payments company headquartered in Singapore and Bengaluru, received $2.5 million from Google last week. Its share price has gone up nearly six times from its previous financing.
The startup had secured $2.5 million in seed funding from Sequoia’s Surge, BEENEXT and other investors in 2021.
Other updates from DATA VANTAGE
Naver-backed South Korean gaming platform Planetarium Labs raised $31.8 million in Series A funding, according to regulatory filings.
Singapore and India-based home interior platform Livspace received $4.1 million from EDBI and Jungle Ventures last week as part of a KKR-led $180 million Series F financing. The round had catapulted the startup into the unicorn club of private companies valued at $1 billion or more.
Cultivated meat startup Avant Meats allotted shares worth $3.22 million to investors including Lever VC and Loyal VC. It had recently secured $10.8 million in a Series A funding round led by S2G Ventures.
Africa-focused super app Gozem bagged another $700,000 from investors including Liil Ventures last week after raising $250,000 from Launch Africa Ventures in June.
Singapore-based fintech startup iLex, which operates an electronic market and trading platform for corporate loans, bagged $300,000 last week.
Singapore payment services provider NETS, which is owned by OCBC, UOB and DBS Bank, recorded a 13.3% increase in revenue for the financial year ended December 31, 2021.
Private investment platform Fundnel’s Singapore unit more than tripled its revenue for the financial year ended December 31, 2021. It reported a net profit before interest during the period after posting losses previously.
Fintech startup Lending Bee recorded a 66% year-on-year revenue increase for the financial year ended December 31, 2021. The company’s net profit before interest surged 47.5% during the period.