Apac Digest: CDIB Capital backs S Korea’s E.CIS; Australia’s Culture Amp raises funds

Photo by Manu Camargo on Unsplash

South Korean cosmetics manufacturer E.CIS Comestic has raised an undisclosed sum from CDIB Capital while Australia-based analytics startup Culture Amp has raised $40 million in a Series D round led by Blackbird Ventures.

CDIB Capital backs S Korean cosmetic company

South Korea-based cosmetic manufacturer E.CIS Comestic has raised an undisclosed sum from CDIB Capital, the private equity arm of Taiwan’s China Development Financial, said an announcement by CDIB on July 19. This is the firm’s second South Korean deal, the first one being L&P Cosmetic, announced last April.

Chairman and CEO of CDIB Capital, Lionel de Saint-Exupéry commented: “We are excited to be investing in ECIS, on the back of our recent investment in L&P Cosmetic, the top South Korean facial mask brand. We have witnessed the phenomenal growth of cosmetic contract manufacturers in South Korea driven by their strong value propositions, including product innovation abilities and short time-to-market. ECIS is uniquely positioned to capture both Asian demand, especially in China, and an expanding international client base.”

Other portfolio companies of CDIB Capital include outdoor sporting goods retail plarfrom Tutwo (Xiamen) Outdoor, Taiwanese fitness franchise World Fitness Services, Chinese IT service provider BEST Inc., global tea and coffee retailer The Coffee Bean & Tea Leaf, Chinese furniture e-commerce platform Meilele, Taiwanese broadcaster EBC and more.

Australian Culture Amp secures $40m Series D led by Blackbird Ventures

Australian analytics startup Culture Amp has closed a $40-million Series D round led by Blackbird Ventures, it said in its blog recently.

The round was also joined by existing investors Felicis Ventures, Index Ventures, Sapphire Ventures, Australian billionaire Scott Farquhar and wife Kim Jackson’s Skip Capital. New investors in the round include Grok Ventures, with Atlassian co-founder Mike Cannon-Brooke’s superannuation fund Hostplus.

The fresh capital will be used to grow its global team and further invest in Culture Amp’s analytics tool. It focuses on analytics technology that helps enterprise customers manage staff morale and performance.

The startup was launched in 2011 and is now working with over 1,500 companies to help drive organisational change and performance. It has offices across Melbourne, New York, San Francisco and London.

Also read:

CDIB Capital open to ASEAN deals that have China twist: Hamilton Tang

Australia: Sapphire Ventures leads $20m Series C round in Culture Amp

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.