Funding Rounds November 2021
From Indonesia and Southeast Asia
INDONESIA
ASTRO
An Indonesia-based quick commerce startup.
Round size: $4,500,000 (seed)
Lead investor: Global Founders Capital, AC Ventures, Lightspeed Venture Partners, and Goodwater Capital
NAMA BEAUTY
Direct-to-consumer (D2C) brand that offers beauty products.
Round size: $5,000,000 (seed)
Lead investor: AC Ventures
SHINTA VR
A virtual reality developer.
Round size: undisclosed (pre-series A)
Lead investor: TigaLapan Investama Group and Investa Syailendra Nuswantara (INSAN)
DISHSERVE
Indonesian-based cloud kitchen startup.
Round size: undisclosed (pre-series A)
Investor: Genting Group
PARAS
Marketplace for NFTs.
Round size: $5,000,000 (seed)
Investor: Black Dragon Capital
KASUAL
D2C brand focusing on men’s pants.
Round size: undisclosed (seed)
Investor: East Ventures
MODUIT
Indonesian wealthtech startup.
Round size: $4,500,000 (pre-series A)
Lead investor: Reciprocus Moduit Holding
HYPEFAST
Brand aggregator for ecommerce-native brands in SEA.
Round size: $19,500,000 (series A)
Lead investor: Monk’s Hill Ventures
EDEN FARM
Y-Combinator-backed agritech.
Round size: $19,000,000 (series A)
Lead investors: AppWorks, AC Ventures
SALAD STOP
A healthy food chain startup.
Round size: $8,800,000 (series B)
Lead investor: Temasek Holdings
KaryaKarsa
Subscription platform for content creators.
Round size: $500,000 (seed)
Lead investor: Accelerating Asia and Sketchnote Partners
ULA
A business-to-business ecommerce marketplace.
Round size: $23,100,000 (series B)
Lead investor: Tiger Global and Binny Bansal, co-founder of Flipkart
KLINIK PINTAR
A healthtech startup offering consultation solution.
Round size: $4,100,000 (series A)
Lead investor: Golden Gate Ventures and PT Bundamedik
OKHOME
Indonesia-based home care service.
Round size: $3,000,000 (series A)
Lead investor: Posco Venture Capital
PINTEK
Education-focused fintech lender.
Round size: $7,000,000 (series A)
Lead investor: Kaizenvest, Heritas Capital
JAGO COFFEE
Mobile coffee firm carts.
Round size: $250,000 (pre-seed)
Lead investor: Beenext
BAREKSA
Investment app.
Round size: undisclosed (series C)
Lead investor: Grab
J&T EXPRESS
Logistics startup.
Round size: $2,500,000,000 (private equity)
Investors: Boyu Capital, Hillhouse Capital, Sequoia Capital, Tencent Holdings
SUN ENERGY
Solar energy developer.
Round size: $25,000,000 (series A)
Lead investor: TBS Energy Utama (Toba Bara Energi)
JALA TECH
Shrimptech device developer.
Round size: $6,000,000
Investors: The Meloy Fund, Real Tech Fund, Mirova
SINGAPORE
TURTLE TREE
Biotech company creating sustainable food and dairy.
Round size: $30,000,000 (series A)
Lead investor: Verso Capital
CRUST GROUP
A beverage startup upcycling surplus ingredients.
Round size: undisclosed (seed)
Lead investor: Glocalink Singapore, Ales Global, and Mitsui Sumitomo Insurance Venture Capital
MULTIPLIER
An HR tech employment platform.
Round size: $13,000,000 (series A)
Lead investor: Sequoia Capital India
UNA BRANDS
An ecommerce startup that acquires and grows brands.
Round size: $15,000,000 (series A)
Lead investor: White Star Capital and Alpha JWC
BEEX
An autonomous underwater robotics startup.
Round size: undisclosed (seed)
Lead investor: CAP Vista
UPARCEL
A delivery company with an on-demand platform that supports a decentralized distributed model.
Round size: $1,500,000 (pre-series A)
Lead investor: Nanofilm founder Shi Xu
FRAXTOR
A blockchain-enabled real estate co-investment platform.
Round size: $1,300,000 (pre-series A)
Investor: Family offices
THE ASSEMBLY PLACE (TAP)
Co-living startup.
Round size: $4,100,000 (seed)
Lead investor: Eric Low See Ching
YUGO PRIVATE AVIATION
Air mobility startup.
Round size: $300,000 (pre-seed)
Investor: Family offices
MILIEU INSIGHT
Consumer data and analytics firm.
Round size: $5,000,000
Lead investor: MassMutual Ventures Southeast Asia
TREEDOTS
A food supply chain ecosystem and food surplus marketplace.
Round size: $11,000,000 (series A)
Lead investor: Amasia, East Ventures
GLIFE
Agritech startup connecting farmers with F&B businesses.
Round size: $8,000,000 (series A)
Lead investor: Heliconia Capital
SLEEK
Startup providing secretary and accounting services.
Round size: $14,000,000 (series A)
Lead investor: White Star Capital and Jungle Ventures
AI Rudder
A voice-focused AI startup.
Round size: $10,000,000 (series A)
Lead investor: Sequoia Capital India and Sequoia China Seed Fund
Quincus
A business-to-business (B2B) logistics solution company.
Round size: undisclosed (series B)
Lead investor: AEI HorizonX
DESKIMO
Co-working space startup.
Round size: $3,000,000 (seed)
Lead investor: Y Combinator, Global Founders Capital
RESYNC TECHNOLOGIES
AI solutions for energy management.
Round size: $2,000,000 (series A)
Lead investor: GGV Capital
RWDC INDUSTRIES
Producing sustainable plastic alternatives.
Round size: $95,100,000 (series B2)
Lead investor: Vickers Venture Partners, Temasek
HEPMIL MEDIA GROUP
Tech-driven media firm.
Round size: $10,000,000 (series A)
Lead investors: Quest Ventures, Bent Pixels
PACE
Buy now, pay later (BNPL) firm.
Round size: $40,000,000 (series A)
New investors: UOB Venture Management, Marubeni Ventures, Atinum Partners, AppWorks