Ecosystem Roundup: KoinWorks secures US$108M Series C; eFishery, Sygnum bag US$90M each

KoinWorks secures US $ 108M Series C led by MDI Ventures to hire 400 new employees
Other backers include Quona Capital, Triodos Investment, Saison Capital, AC Ventures and East Ventures; The KoinWorks platform offers a marketplace with integrated apps, such as accounting software, POS, e-commerce, HRMS for SMEs, and a budget app.

Sygnum raises $ 90 million to expand Web 3.0 offerings to new global markets
Investors include Sun Hung Kai & Co, Meta Investments, Animoca Brands, Wemade, SBI Holdings and SCB 10X; Sygnum provides a range of integrated financial products and services for digital assets, including bank-grade digital asset custody and fiat rails, spot and option trading.

eFishery picks up 90 million USD in Series C, led by Temasek, SoftBank unit to expand to China, India
Since its launch in 2013, eFishery claims to have installed thousands of smart feeders serving over 30,000 farmers in 24 provinces in Indonesia; It aims to acquire one million farmers in three to five years.

Gojek-funded wealth technology startup Pluang adds $ 55 million more to the Series B round
Investors include Accel Partners, BRI Ventures, Square Peg, Go-Ventures, UOB Venture Management and Openspace Ventures; Pluang, which claims to have 4M + registered users, plans to expand its services to other Southeast Asian countries in the near future.

Xurya closes Series A for $ 21.5 million to build solar cell systems on the roof in Indonesia
Investors include East Ventures (Growth Fund), Saratoga, Schneider Electric and New Energy Nexus Indonesia; Xurya offers a “no investment” method with a rental system to make it easier for industry players to switch to solar energy.

Validus, TTC Group, Do Ventures form JV to increase credit access to SMEs
The group creates several synergies – one of which is TTC’s large ecosystem of SMEs across the energy, real estate, cane sugar and hospitality industries; The JV also leverages Do Ventures’ deep expertise in the new fintech landscape in Vietnam.

Vietnam’s mortgage chain F88 achieves DKK 10 million USD debt financing from Lendable
F88 is renovating the traditional mortgage lender model to give borrowers credit access with cheap, transparent and fast financial services; It plans to pay out half a billion US dollars by 2022.

Crowdo raises 5.9 million. USD to increase regional ESG-driven funding for underserved SMEs
Investors include Gobi Partners, iVest Capital and SEEDS Capital; Crowdo claims to have disbursed more than $ 73.8 million in funding since its Series A round and achieved profitability since mid-2020.

Sesto Robotics raises $ 5.7 million to leverage growing demand for autonomous mobile robots in Europe
Investors include TRIVE, Germany’s World Trading Innovation WTI and SEEDS Capital; Sesto’s autonomous mobile robots and automated guided vehicles have been employed by manufacturing and healthcare companies.

Japan’s JCB injects $ 5 million into Malaysian fintech firm Soft Space
JCB owns and operates one of the largest payment schemes in Japan, supporting around 37 million merchants and 140 million card members worldwide; JCB will expand the brand globally by leveraging its strength in Asia, particularly in Southeast Asia.

Paywatch aims to scale its earned payroll across the SEA with $ 5.25 million in funding
Investors are Third Prime, family offices in Singapore and Hong Kong, SparkLabs, Won & Partners and CTK Investments; The capital injection will enable Paywatch to scale its existing markets and expand to the Philippines and Indonesia.

BeLive lands 4.5 million. USD in funding to develop AI, ML capabilities in live streaming
Lead investor is FTAG Ventures; BeLive intends to bring its live video and live trading solutions to the global market by collaborating with e-commerce giants, apps and brands.

Divvy Homes, Una Brand’s co-founders join Thai startup PropertyScout’s pre-Series A round of $ 2.5 million.
PropertyScout is an online marketplace for buying, renting and selling residential properties; It will scale to other Southeast Asian markets once the platform and processes are optimized and validated in Thailand.

Touchstone Partners leads DKK 1.1 million USD in start-up financing of Vietnam’s social trading platform ON
ThinkZone Ventures also invested; ON helps entrepreneurs earn extra income by starting an online business with assistance such as order management, fulfillment, returns, shipping and transactions.

1982 Ventures supports the Indonesian agricultural marketplace PasarMikro
PasarMikro provides various services to farmers and merchants for their daily transactions involving bookkeeping, lending and marketplace; PasarMikro has entered into a collaboration with BRI and the Rabo Foundation.

Superlative Secret Society, the community behind Indonesia’s first offline NFT gallery
The Superlative Secret Society is launching an offline gallery to educate the wider public and local artist community about the benefits of NFTs. raises $ 600,000 start-up funding to deliver carbon-compensating NFTs in ASEAN
Investors include Owl Ventures, Blockseed Ventures, Lancer Capita, Antler Singapore and CryptoFOMO;’s platform allows users to set their crypto to work and be rewarded with carbon offsets and the project governance token $ ZRO.

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The post Ecosystem Roundup: KoinWorks Secures US $ 108M Series C; eFishery, Sygnum bag US $ 90M each first appeared on e27.


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