Funding Rounds March 2021 Week 1
From Indonesia and Southeast Asia
INDONESIA
XENDIT
A fintech company that provides end-to-end digital payment
Round Size: $64.6M Series B
Lead Investor(s): Accel
RAENA
A beauty social commerce startup
Round Size: $7.7M Series A
Lead Investor(s): Alpha Wave Incubation and Alpha JWC Ventures
FUNDTASTIC
An online investment platform
Round Size: $7.7M Series A
Lead Investor(s): Ascend Capital Group
DANACITA
A student loan platform
Round Size: $5M Series A
Lead Investor(s): Monk’s Hill Ventures and Qualgro VC
RATES
A social commerce platform with 5,000+products from various categories
Round Size: Undisclosed Series A
Lead Investor(s): Genesis Alternative Ventures, Vertex Ventures
NGELESIN
A platform that connects students with teachers and enables them to engage in 1-on-1 online lessons
Round Size: Undisclosed Seed
Lead Investor(s): Astra Ventura
SATURDAYS
A D2C eyewear manufacturer
Round Size: Undisclosed Seed
Lead Investor(s): Alpha JWC Ventures and Kynesis Group
DROPEZY
A recurring-based micro-delivery service for groceries
Round Size: Undisclosed Pre-Seed
Lead Investor(s): Taurus Ventures, Kopi Kenangan Fund
ADVOTICS
A SaaS startup that provides data-driven supply chain solutions for SMEs
Round Size: Undisclosed
Lead Investor(s): East Ventures
SELECT SEA TRANSACTIONS
XFERS
A payment solution that enables businesses to accept payments and send money
Round Size: $30M
Lead Investor(s): Payfazz
CHOPE
An online restaurant reservation service
Round Size: $10.6M Series E
Lead Investor(s): Square Peg Capital, Singha Ventures
NEXT GEN FOODS
A food-tech startup that offers plant-based meats products
Round Size: $10M Seed
Lead Investor(s): Temasek Holdings
SYMBO PLATFORM
An insurtech company that aims to modernize the alternative distribution of insurance
Round Size: $9.4M Series A
Lead Investor(s): CreditEase Fintech Investment Fund
MANABIE
An edtech startup offering a new style of online & offline merged learning
Round Size: $3M Seed
Lead Investor(s): Genesia Ventures