APAC Digest: Folio, Xinja, Anomali, OVO Mobile close funding rounds

Two International Finance Centre (IFC), front second left, and other commercial and residential buildings standing on Hong Kong island are seen from the Tsim Sha Tsui district of Hong Kong, China, on Saturday, June 20, 2015. Photographer: Xaume Olleros

Tokyo-based online asset manager Folio and Australian ventures Xinja and OVO Mobile have secured growth funding, while Telstra Ventures has backed a $40 million Series D investment in Anomali.

Folio raises $62.8m from LINE, others

Tokyo-based Folio, an online asset management platform, has secured JPY 7 billion ($62.8 million) in a series A2 round from LINE Corporation, Goldman Sachs, Dentsu Ventures, Mitsui & Co., SMBC Venture Capital, DCM Ventures, and Draper Nexus Ventures.

The firm has raised an aggregate of JPY 9.1 billion since its inception.

The firm has also partnered with messaging service provider LINE that will see it tap the messaging platform’s 71 million monthly active users in Japan.

Xinja to raise $2.3m on Equitise

Australia-based digital banking platform Xinja has raised A$500,000 ($397,995) in a crowdfunding campaign with a cap of A$3 million ($2.38 million) from retail investors through Equitise. It aims to be Australia’s first neobank offering digital banking services not tied to incumbents.

The money raised by Xinja will form part of its $10 million ($7.95 million) Series B funding round, which will go towards building out its tech platform and mortgage management system.

The company’s equity crowdfunding campaign kicked off on January 11, 2018 and will run for three months. Neobanks have been present in the US and UK for a number of years. A recent change by Canberra now permits players like Xinja to apply for a restricted banking license from the Australian Prudential Regulation Authority. Xinja hopes to secure approval by the end of 2018.

Telstra Ventures backs Anomali $40m Series D

Anomali, a provider of threat management solutions, has closed an oversubscribed $40 million round of Series D funding led by Lumia Capital. The round was backed by Deutsche Telekom Capital Partners, Telstra Ventures and Sozo Ventures, as well as returning investors GV, General Catalyst, IVP and Paladin Capital Group.

The investment will allow Anomali to accelerate its growth in the US and globally. The company also announced the appointment of Drew Hamer as CFO and Christopher Smith as the chief revenue officer.

“We seek disruptive companies with great leaders and great solutions to address pressing cybersecurity challenges,” said Mark Sherman, Managing Director at Telstra Ventures.

OVO Mobile raises $3.9m from Southern Cross Austereo

Telecom and media startup OVO Mobile has secured an A$5 million ($3.97 million) equity investment from Australian media major Southern Cross Austereo (SCA).

Founded by chief executive Matt Jones, Matt Goodlet and David Colvin, it offers low-cost mobile calls and data plans as well as broadcast and media services. The venture described itself as a media-MNVO (Mobile Virtual Network Operator) and has been successful in purchasing broadcast rights for lesser known or smaller scale sports through its OVOPlay platform.

SCA owns a number of radio networks such as Triple M and Hit, along with a number of regional television services.

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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.