Asia Digest: SG’s Ackcio raises pre-Series A funding; Australia’s Square Peg backs Zeller

Singapore. Photo by Andrew Kow on Unsplash

Singapore-based wireless monitoring solution provider Ackcio has raised a pre-Series A round co-led by Wavemaker and Michael Gryseels. In a separate development, Australia-based venture capital firm Square Peg Capital has invested A$6 million ($4.1 million) in a seed round in fintech startup Zeller.

Singapore’s Ackcio raises pre-Series A round

Ackcio, a Singapore-based wireless monitoring solution provider, has raised an undisclosed sum in a pre-Series A investment round co-led by Wavemaker Partners and Michael Gryseels.

All existing investors of Ackcio including SEEDS Capital, AccelerAsia Ventures, Aletra Capital Partners, Foundamental, and Entrepreneur First, participated in the round, according to an announcement.

Founded in 2016, Ackcio builds reliable and cost-effective wireless monitoring solutions for industrial monitoring applications. Ackcio’s current wireless solutions are used by construction and mining industries to monitor geotechnical and structural sensors.

Ackcio recently opened a sales office in Canada to penetrate into North and South American markets. Ackcio currently serves clients globally – it claims to have a presence in over 15 markets such as China, Oceania, Europe, and North America besides in Southeast Asia.

The company said that the fresh fund will be used to expand its presence in existing markets and expand into new markets in the coming months.

Australia’s Square Peg invests $4.1m in Zeller

Australia-based venture capital firm Square Peg Capital announced that it invested A$6 million ($4.1 million) in fintech startup Zeller.

This marks the seed round for Zeller, that was established in early 2020 prior to the COVID-19 crisis with the aim to help Australian businesses get access to better payment and banking services.

Zeller’s complete payment solution allows complex businesses to sign up online removing their need to visit a bank.

Square Peg is a venture capital fund that invests in Australia, Israel and Southeast Asia with a focus on Series A and Series B investments.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.