APAC Digest: Red Dot Payment raises Series B; GAMURS & Snappr close seed rounds

Map of the Asia Pacific. Credit: Business & Human Rights Resource Centre

Singapore’s Red Dot Payment has closed a Series B round, while in Australia, GAMURS and Sanppr have raised seed rounds.

Red Dot Payment raises Series B round

Red Dot Payment Pte Ltd (RDP) has completed a $5.2 million Series B round joined by existing investors Japan’s GMO Venture Partners, Wavemaker Partners, Skype co-founder Toivo Annus and MDI Ventures. New investor DORR Group also participated in the round.

The company competes with payment processors such as 2C2P and Omise. In a statement, RDP said, “We welcome the DORR Group as a key new stakeholder. The private investment arm of the prominent Loh family, the DORR Group is led by 3rd generation Loh family scions Nelson and Terence Loh.”

According to RDP, investment proceeds from this funding round will be used to strengthen and upgrade its technical infrastructure, and add expertise to handle growing business needs in the region.

Apart from focusing on its core payment solutions, RDP expects to handle more bespoke integration and development requests from merchants who want to use the e-payments functionality.

GAMURS raises A$3.5m seed round

eSports media startup GAMURS has raised A$3.5 million ($2.79 million) in a seed round led by Aura Funds Management. Founder and chief executive Riad Chikhani said the company plans to use the proceeds for its expansion in Asia.

The company had earlier raised A$5 million from Artesian Capital, Perle Ventures, and angel investor Peter Aslan.

According to Chikhani, the latest round will also be used to fund development of GAMURS’ current eSports media content.

Founded in 2014 and launched in 2015, the venture started as a social platform for gamers to share content and network, as well as integrate their gaming accounts. It has since grown into an eSports media player that claims 3.5 million monthly active users as at August 2017.

Its workforce of 35 staff is distributed across offices in Sydney, Australia and Austin, Texas. The investment comes following its acquisition of gaming news website Dot Esports in late 2016 to consolidate its market position.

Chikhani plans to grow the user base to 10 million monthly active users by the end of 2018.

Snappr raises A$2.5m seed round

Online photography startup Snappr has raised $2.5 million in seed funding from investors including Google Maps co-founder Lars Rasmussen, Airtree Ventures and Silicon Valley-based accelerator Y Combinator.

Investment proceeds will finance its expansion in the Western Seaboard of the US and deepen its footprint in Australia, as well as enhance its product offerings.

Founded in May 2016, Snappr provides a platform that connects photographers with clients, an offering which has proven enticing to investors: the Sydney-based startup raised an oversubscribed $500,000 pre-seed round in July 2016 and has been accelerated by Y Combinator.

Also Read:

APAC Digest: Carlyle to exit Japanese firm; Greenstone invests $21.2m more in Heron

APAC Digest: Australia’s ActivePipe, NZ’s Coretex, Singapore’s Indorse raise funds

Australia Digest: Pro-Pac, IPG enter $177m merger; State invests $10.6m in startups

Australia: Picturewealth closes A$1.2m seed; Brighte closes Series A