Your curated summary of ongoing disruption in Southeast Asian tech. Subscribe here to receive it by email ๐Ÿ’Œ

Hi SEA fans,

Last two weeks, in the news:

๐Ÿข WeMaintain opens APAC HQ in Singapore, raises โ‚ฌ 30m Series B

๐Ÿ‘ฉโ€๐ŸŽ“ Coliving startup Cove launches SEAโ€™s first student coliving space with Lippo Karawaci

๐Ÿ”ฌ HEC Paris signs landmark cooperation agreement with SMU

Just funded ๐Ÿ’ธ

๐Ÿ‡ธ๐Ÿ‡ฌ Car marketplace startup Carro has raised a US$360m Series C from SoftBank Investment Advisers, EV Growth, Mitsui Sumitomo Insurance Company โ€” TechCrunch

๐Ÿ‡ต๐Ÿ‡ญ Fintech startup PayMaya has raised a US$167m financing round from KKR, Tencent, IFC โ€” TechCrunch

๐Ÿ‡ธ๐Ÿ‡ฌ Fintech startup Kredivo (Finaccel) has raised a US$100m debt financing round from Victory Park Capital โ€” TechCrunch

๐Ÿ‡ธ๐Ÿ‡ฌ E-commerce enabler startup SCI Ecommerce has raised a US$65.4m financing round from Asia Partners โ€” e27

๐Ÿ‡ฎ๐Ÿ‡ฉ Insurtech startup FUSE has raised a US$30m Series B from EV Growth, Blue Pool Capital โ€” Deal Street Asia

๐Ÿ‡ธ๐Ÿ‡ฌ Biotech startup Nuevocor has raised a US$24m Series A from Boehringer Ingelheim Venture Fund, EDBI, EVX Ventures, SEEDs Capital, Xora Innovation โ€” The Business Times

๐Ÿ‡ธ๐Ÿ‡ฌ Corporate services provider startup Osome has raised a US$16m Series A from Target Global, AltaIR Capital, Phystech Ventures, S16VC โ€” TechCrunch

๐Ÿ‡ธ๐Ÿ‡ฌ DeFi startup SynFutures has raised a US$14m Series A from Polychain Capital, Pantera Capital, Bybit, CMS Holdings LLC, Framework Ventures, IOSG, Kronos Fund, Wintermute โ€” CoinDesk

๐Ÿ‡ธ๐Ÿ‡ฌ NFT minting startup Mintable has raised a US$13m Series A from Ripple, Animoca Brands, Metapurse โ€” e27

๐Ÿ‡ธ๐Ÿ‡ฌ Blockchain Analytics startup Nansen has raised a US$12m Series A from Andreessen Horowitz(, Coinbase Ventures, imToken Ventures, Mechanism Capital, QCP Capital, Skyfall Ventures โ€” TechCrunch

๐Ÿ‡ธ๐Ÿ‡ฌ HRtech startup Workmate has raised a US$10m debt financing round from Lendable โ€” e27

๐Ÿ‡ธ๐Ÿ‡ฌ Wealth management startup Gotrade has raised a US$7m Seed from LocalGlobe, Y Combinator, Carlos Gonzalez-Cadenas, Frank StrauรŸ, Joel Yarbrough, Matt Robinson, Picus Capital, Raptor Group, Social Leverage โ€” TechCrunch

๐Ÿ‡ธ๐Ÿ‡ฌ Fintech startup BondEvalue has raised a US$6m Series A from MassMutual Ventures, Citigroup โ€” Deal Street Asia

๐Ÿ‡ธ๐Ÿ‡ฌ Wealth management startup Endowus has raised a US$5.2m Series A+ from UBS, Samsung Ventures, Singtel Innov8 โ€” e27

๐Ÿ‡ธ๐Ÿ‡ฌ Logistics startup Locad has raised a US$4.9m Seed from Surge, Antler, Febe Ventures, Foxmont, Global Founders Capital, Gokongwei Family, Hustle Fund โ€”

๐Ÿ‡ต๐Ÿ‡ญ Play to Earn startup Yield Guild has raised a US$4m financing round from BITKRAFT Esports Ventures, A.Capital Ventures, Animoca Brands, Ascensive Assets, Atelier Ventures, Bitscale Capital, Carlos Rodriguez-Aspirichaga, Dennis Fong, Dialectic Capital Management, Fabric Ventures, Free Company Ventures, Greenfield One, IDEO CoLab Ventures, Jiho Zirlin, Mechanism Capital, ParaFi Capital, SevenX Ventures, Sfermion, Third Prime, Trung Nguyen โ€” VentureBeat

๐Ÿ‡ธ๐Ÿ‡ฌ Decentralized Document Platform startup Dedoco has raised a US$2.45m Seed from Vertex Ventures โ€” Dedoco

๐Ÿ‡ธ๐Ÿ‡ฌ Medtech startup Aevice Health has raised a US$2.1m Pre-Series A from Toho Holdings, Pureland Group Venture, Silicon Solutions Partners, AIP Ventures, SEEDS Capital โ€” MobiHealthNews

๐Ÿ‡ป๐Ÿ‡ณ Wealth management startup Infina has raised a US$2m Seed from Saison Capital, 1982 Ventures, 500 Startups, Alex Tran, Ba Ha Truc, Dinh Anh Huan, Minh Cao, Neil MacGregor, Nextrans, Venturra Capital โ€” TechCrunch

๐Ÿ‡ธ๐Ÿ‡ฌ Wealth management startup Hugo has raised a US$2m financing round from 1982 Ventures โ€” e27

๐Ÿ‡ป๐Ÿ‡ณ Fintech startup MFast has raised a US$1.5m Series A from Do Ventures, JAFCO Investments Asia โ€” TechCrunch

๐Ÿ‡ธ๐Ÿ‡ฌ Networking startup CoffeeMug has raised a US$0.63m Pre-Seed from Paradigm Shift Capital, AngelList, Aloke Bajpa, IIM, Indore, Yagnesh Sanghrajka โ€” Entrepreneur

๐Ÿ‡ฒ๐Ÿ‡พ Insurtech startup Oyen has raised a US$0.42m Seed from Hustle Fund โ€” Vulcan Post

๐Ÿ‡ฒ๐Ÿ‡พ Livestream startup Ulalive has raised a US$0.3m Pre-Seed from angels โ€” Digital News Asia

๐Ÿ‡ฒ๐Ÿ‡พ Constructiontech startup Proficient has raised a US$0.24m Seed from Falnas Capital โ€” Business Today

๐Ÿ‡ฒ๐Ÿ‡พ E-commerce startup RPG Commerce has raised a Series A from Vertex Ventures, Joseph Phua โ€” e27

๐Ÿ‡ธ๐Ÿ‡ฌ Buy Now Pay Later startup Pace has raised a debt financing round from Genesis Alternative Ventures โ€” e27

๐Ÿ‡ต๐Ÿ‡ญ Microretail software startup GrowSari has raised a Series B from ICCP SBI Venture Partners, International Finance Corporation, JGDEV, Pavilion Capital, Robinsons Retail Holdings, Saison Capital, Tencent Holdings, Wavemaker Partners โ€” TechCrunch

๐Ÿ‡ธ๐Ÿ‡ฌ Digital Trade startup Contour has raised a Series A+ from Bain & Company, Bangkok Bank, BNP Paribas, Citi Ventures, CryptoBLK, CTBC Venture Capital Company, HSBC Holdings, HSBC Strategic Innovation Investments, ING Bank, R3, Skandinaviska Enskilda Banken, SMBC Venture Capital, Standard Chartered โ€” Finextra

๐Ÿ‡ฎ๐Ÿ‡ฉ Social Commerce startup Dagangan has raised a Pre-Series A from Spiral Ventures, Cyber Agent, 500 Startups, Blue Bird Group โ€” LinkedIn

๐Ÿ‡ฎ๐Ÿ‡ฉ Entertainment startup Paragon Pictures has raised a Pre-Series A from Intern Studio Group, Salt Ventures โ€” Indo Telko

๐Ÿ‡ฎ๐Ÿ‡ฉ Fintech startup Fairbanc has raised a Pre-Series A from East Ventures, ADB, Accion Venture Lab, Sampoerna โ€” East Ventures Blog

๐Ÿ‡ฎ๐Ÿ‡ฉ Fintech startup Finantier has raised a Seed from Global Founders Capital, East Ventures, AC Ventures, Addition, Future Shape, Genesia Ventures, GMO VenturePartners, Partech, Saison Capital, Taurus Ventures, Two Culture Capital, Y Combinator โ€” e27

๐Ÿ‡ฎ๐Ÿ‡ฉ Legaltech startup Justika has raised a Seed from East Ventures, Skystar Capital โ€” e27

๐Ÿ‡ธ๐Ÿ‡ฌ No-code startup Typedream has raised a Seed from Y Combinator, angels โ€” Tech in Asia

๐Ÿ‡ฎ๐Ÿ‡ฉ Dentistry startup KLAR has raised a Seed from AC Ventures โ€” e27

๐Ÿ‡ธ๐Ÿ‡ฌ IoT startup WaveScan has raised a Seed from KK39 Ventures, Koji Ventures, Leave a Nest Capital, Plug and Play Tech Center, Plug and Play-Singapore, SEEDs Capital, she1K, Silicon Solution Ventures โ€” Tech in Asia

๐Ÿ‡ธ๐Ÿ‡ฌ Smart Sensor startup WaveScan has raised a Seed from Silicon Solution Ventures, SEEDS Capital, Koji Ventures, she1K global, KK39 Ventures, Plug & Play Venture Group, Plug & Play Singapore, Leave A Nest Singapore โ€” e27

๐Ÿ‡ธ๐Ÿ‡ฌ Crypto Exchange startup Coinomo has raised a financing round from Vertex Ventures, zVentures, Joseph Phua, Leo Cheng, MetaCartel Ventures, Spartan Group, Turn Capital โ€” e27

๐Ÿ‡ธ๐Ÿ‡ฌ Electric motorcycle startup Oyika has raised a financing round from Yinson Holdings โ€” TechCrunch

๐Ÿ‡ฎ๐Ÿ‡ฉ Crossborder e-commerce startup Wook has raised a financing round from Engage Capital, Tian Ge Interactive โ€” Yahoo

Startups and downs ๐Ÿš€

๐Ÿ‡ธ๐Ÿ‡ฌ Elevator maintenance marketplace WeMaintain has opened its APAC HQ in Singapore, after raising US$36m in Series B funding โ€” TechNode Global

๐Ÿ‡ป๐Ÿ‡ณ AI startup Pique has been acquired by fintech Momo โ€” LinkedIn

๐Ÿ‡ฒ๐Ÿ‡พ Digital media group iMedia has acquired community online beauty store Favful โ€” e27

๐Ÿ‡ฎ๐Ÿ‡ฉ Coliving startup Cove has launched SEAโ€™s first student coliving space of 138 units in partnership with property developer Lippo Karawaci for Pelita Harapan University โ€” Jakarta Globe

๐ŸŒ The best coliving spaces in SEA โ€” CONVIVO

๐ŸŒ Sequoia surge has revealed its new cohort โ€” TechCrunch

๐Ÿ‡ธ๐Ÿ‡ฌ Salaries of software engineers in Singapore โ€” NodeFlair

๐Ÿ‡ธ๐Ÿ‡ฌ APAC mobile traffic trends by Content Square โ€”

๐ŸŒ Interview with Anthony Chow, CEO of smart lock company Igloohome โ€” Insignia Business Review

The Unicorn Belt ๐Ÿฆ„

๐Ÿ‡ฎ๐Ÿ‡ฉ Bukalapak to list on IDX in July โ€” Tech in Asia

๐Ÿ‡ธ๐Ÿ‡ฌ Grab has launched a carbon offsetting feature to its rides โ€” Vulcan Post

๐Ÿ‡ฎ๐Ÿ‡ฉ Inside Mitra Bukalapak, the microretail business that represents 27% of the groupโ€™s US$6bn TPV โ€” KrASIA

Venture Capitalists ๐ŸŽข

๐ŸŒ Vertex Ventures to hit first close of US$330m fund II in July โ€” LinkedIn

๐ŸŒ Velocity Ventures has announced the initial closing of its US$20m fund dedicated to hospitality & travel startups โ€” e27

๐Ÿ‡ป๐Ÿ‡ณ Antler has launched in Vietnam โ€” LinkedIn

๐ŸŒ Investible has hit first close of US$39M second fund โ€” e27

Corporates ๐Ÿ‘จโ€๐Ÿ’ผ

๐ŸŒ Shopee has launched in LATAM โ€” Tech in Asia

๐Ÿ‡ธ๐Ÿ‡ฌ Arkema (France) is building a 10ha bio-factory for high-performance polymers on Jurong Island โ€” The Straits Times

๐Ÿ‡ต๐Ÿ‡ญ The two families worth US$3.6b after Monde Nissin Corpโ€™s IPO โ€” Fortune

๐Ÿ‡ธ๐Ÿ‡ฌ Twitter has partnered with the govโ€™t to offer digital literacy programs โ€” Tech in Asia

๐Ÿ‡ธ๐Ÿ‡ฌ Inside GlobalFoundriesโ€™ SG factory, making semi-conductors amid global supply crunch โ€” WSJ

๐Ÿ‡ธ๐Ÿ‡ฌ Foodpanda is trialing autonomous delivery with Neolix (China) in Punggol โ€” Today Online

Smart Nations ๐Ÿ›๏ธ

๐Ÿ‡ธ๐Ÿ‡ฌ HEC Paris signs landmark innovation collaboration agreement with SMU โ€” French Embassy in Singapore

๐Ÿ‡ฎ๐Ÿ‡ฉ 6.5m Indonesians bought or sold crypto in the first 5 months of 2021, now exceeds the count of stock traders โ€” KrASIA

๐Ÿ‡ฎ๐Ÿ‡ฉ QRIS is Indonesiaโ€™s PayNow โ€” Singapore Global Network

๐Ÿ‡ฎ๐Ÿ‡ฉ Batam is the new hotspot for datacenters โ€” The Straits Times

๐Ÿ‡น๐Ÿ‡ญ Thai SEC has banned Meme Coins โ€” Decrypt

๐Ÿ‡ฎ๐Ÿ‡ฉ Indosat has launched its first commercial 5G services in Solo City โ€” Digital News Asia

๐Ÿ‡ธ๐Ÿ‡ฌ Singapore is booming as a hub for wealthy Chinese families โ€” Insignia Business Review

๐ŸŒ 12 places where foreigners can own freehold property in Asia โ€” TechCrunch

Food for thought ๐Ÿœ

๐ŸŒ Alternative asset classes totals US$1.7 tn AUM in APAC, 5x from 5Y ago โ€” Preqin

๐ŸŒ Asian consumers are expected to account for half of global consumption growth in the next decade โ€” McKinsey & Company

๐Ÿ‡ธ๐Ÿ‡ฌ The Singaporean crypto boom โ€” Vulcan Post

๐ŸŒ The rise of Electric Vehicle adoption in SEA โ€” Vertex Holdings

The Fountainhead โ›ฒ

๐Ÿ‡ฎ๐Ÿ‡ณ Fintech startups to enter SEA โ€” Nikkei Asian Review

๐Ÿ‡ฎ๐Ÿ‡ณ Online pharmacy store PharmEasy valued at US1.8b following last round โ€” The Economic Times

๐Ÿ‡ฎ๐Ÿ‡ณ cross-browser web testing platform for DevOps BrowserStack has raised a US$200m Series B โ€” VentureBeat

๐Ÿ‡ฎ๐Ÿ‡ณ Community-based e-commerce platform CityMall has raised a US$22.5m Series B from General Catalyst and Jungle Ventures โ€” TechCrunch

๐Ÿ‡จ๐Ÿ‡ณ Didi raised about $4b in its IPO, at a valuation of $67b โ€” Forbes

๐Ÿ‡จ๐Ÿ‡ณ The Ma empire is worth half what it was 9 months ago โ€” Forbes

๐Ÿ‡จ๐Ÿ‡ณ Chinaโ€™s internet governance agencies commit to build world-class blockchain industrial system by 2025 โ€” SCMP

๐Ÿ‡จ๐Ÿ‡ณ New Chinese semiconductors firms have tripled in 2021 โ€” SCMP

๐Ÿ‡จ๐Ÿ‡ณ The world of Chinese elite dating apps โ€” Sixth Tone

Also ๐Ÿคซ

๐Ÿ‡ฎ๐Ÿ‡ฉ Name a company faster than Gojek at leveraging the latest memes on the market โ€” LinkedIn

๐Ÿ‡ฎ๐Ÿ‡ฉ Blibli is sorry โ€” LinkedIn

๐Ÿ‡ธ๐Ÿ‡ฌ Spotted: Grabโ€™s Anthony Tan doing last mile deliveries โ€” Mothership

๐Ÿ‡ฐ๐Ÿ‡ญ Pet Lion found on Tiktok, in Cambodia โ€” the Guardian

Subscribe here to receive it by email ๐Ÿ’Œ

VC @ Idinvest โ€” Singapore