APAC Digest: Zoyi Corporation, Triple W Japan and BottlesXO secure funding

Namsan Tower in Seoul, South Korea

In multiple deals in the region, Seoul-based Zoyi Corporation, Tokyo-based Triple W Japan & Hong Kong-based BottlesXO have secured growth funding to expand their business operations in the Asia Pacific.

Zoyi Corporation closes $3.93m Series B

Seoul-based Zoyi Corporation, which provides the Walk Insights offline customer analysis service and Channel.io online sales support service, has raised JPY 450 million ($3.93 million ) in a Series B round led by KDDI Open Innovation Fund (KOIF), a joint fund between Japanese VC firm Global Brain and telecom firm KDDI.

Incepted in 2014, it has raised about 300 million won ($270,000) from Bon Angels and Fast Track Asia in 2014. This was followed by a Series A round of 2 billion won ($1.8 million) from Korea Investment Partners and Aju IB Investment.

 

Triple W Japan closes $3.9m pre-Series B from Nissay Capital & Foxconn

Tokyo-based Triple W Japan, which developed urination predictor device DFree, has raised JPY 500 million ($4.39 million) pre-Series B round from existing investors Nissay Capital and 2020, the Japanese investment partner fund of Taiwanese electronics developer Foxconn.

Nissay Capital is a returning investor, having backed its seed round in April 2015. It has raised JPY 1.5 billion ($13.1 million) in equity funding to date. It plans to raise JPY 1 billion ($8.79 million) in a Series B round next year, with investors in the latest round exchanging convertible notes into common stock upon the Series B round closing.

Triple W Japan has rolled out the DFree urination prediction device into 150 nursery care facilities across Japan. Beyond being deployed in a major Singapore hospital, it is also aiming to develop sales channels in the US market.

 

BottlesXO closes $3.4m pre-Series A

Hong Kong-based on-demand alcoholic beverage delivery services startup BottlesXO has raised a $3.4 million Pre-Series A round from an undisclosed private equity (PE) firm in Singapore.

This latest round brings aggregate equity funding to $6.3 million and will see investment proceeds go towards technology upgrades, business expansion and development of new product lines. It expects to close its Series A round in 2018. Its competitors include NOX Express, WisePass, Alcohol Delivery Singapore, Drink2Connect, and others.

Currently, BottlesXO operates in Shanghai, Suzhou, Hong Kong and Singapore and claims that its in-house operations team can deliver beverages to customers within 30 minutes

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