SEA Seed-Stage Funding Weekly Brief (14 Mar 2022 - 20 Mar 2022)
Sam Lee Chengyi
Fractional CFO who specializes in SME M&A and Series A Fundraising | M&A Advisory | Seed and Series A Fundraising | Exit Planning | Growth Strategy | Performance Dashboarding
Treehouse (https://www.treehouse.finance/)
Treehouse, a Web3 company that aims to transform on-chain data into meaningful metrics to help decentralized finance (DeFi) investors make informed financial decisions, recently secured an US$18 million seed funding round. Treehouse has many plans with the new funding, but they are mostly centred around expanding its flagship product Harvest. The platform indexes blockchains and deconstructs users’ DeFi positions to present historical data, profit and loss (P&L), and risk metrics on a “seamless and highly intuitive” user interface.
wagely (https://www.wagely.app/)
Wagely, an earned wage access (EWA) platform based in Jakarta and Dhaka, has raised $8.3 million in pre-Series A funding, just seven months after announcing its seed round. The new funds will be used to fuel Wagely’s expansion in Bangladesh, where it recently launched, and build other features to become a “holistic financial wellness platform,” including savings, insurance, long-term installment loans and financial education. Earned wage access platforms allow workers to access wages they have already earned on demand, instead of waiting until payday.
Singapore-based Datature, which has developed a no-code MLOps platform that allows companies and teams to build breakthrough AI capabilities, has raised US$2.7 million from local VC firm Openspace Ventures. Datature’s full suite of solutions provides teams with the ability to annotate, augment, train and deploy computer vision models, all without a single line of code. It empowers teams to swiftly create ground truths, perform transfer learning, and deploy AI models. The latest funding will enable Datature to expand its platform offering to support more widespread use cases, including video analytics, medical and point-cloud data ingestions, and a neural network cloud API for users to deploy AI capabilities anywhere.
Swap (https://www.swap.id/)
SWAP Energy, Indonesia's first smart battery swapping network, announced the successful closing of a Series Pre-A funding. With this investment, SWAP will accelerate the adoption of electric vehicles even further, supporting the Indonesian government to reach a target of 13 million electric motorcycles on the roads by 2030. SWAP Energy is a technology company that builds battery swapping infrastructure in Indonesia. Currently, there are more than 400 swap stations placed in Jakarta, Bogor, Depok, Tangerang, Bekasi (Jabodetabek) and Bali.
Futech Private Limited - a Singapore-based startup recognized for its crypto copy-trading service, BitCopy announced it has received $1.5 million in funding from Mirana Ventures, a partner of Bybit and BitDAO. Whether automated or manual trading, Futech offers copy trading through collaboration with Bybit and other trading platforms, as well as through its capacity as a trader. BitCopy has drawn many customers to Bybit, an exchange that Futech confidently recommends to customers. Their mutually beneficial relationship inspired Mirana Ventures to invest in Futech. Mirana’s investment is expected to strengthen the Bybit platform’s ties with BitCopy and yield a positive impact.