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.