Taiwan-based AI-driven marketing technology startup iKala has secured $10 million in Series A+ while Warburg Pincus-backed GaiaWorks has closed a Series C financing round.
iKala raises $10m Series A+
iKala, one of the largest Google Cloud partners, has completed a $10-million Series A+ financing round from Hotung Venture Capital and Pacific Venture Partners, according to the company’s statement on Tuesday.
iKala launched an influencer search engine “KOL Radar” last June. It claims more than 4,000 advertisers have already used it.
Another product “Shoplus”, which was launched last September, is iKala’s answer to social commerce in the ASEAN market. It has garnered more than 70,000 merchants in Thailand and Vietnam.
iKala currently has operations in Thailand, Vietnam, Taiwan, Singapore, Japan and Hong Kong. It plans to expand its team from 100 to 150 people this year.
GaiaWorks secures $44m Series C
GaiaWorks, a workforce management system developer, has raised 300 million yuan ($44.32 million) in its Series C financing round led by Tiger Global Management, CMN reported.
The round is joined by existing investors – Warburg Pincus and Matrix Partners China.
GaiaWorks, founded in 2009, is backed by Warburg Pincus, Matrix Partners and Genesis Capital. It provides SaaS workforce management solutions in Asia Pacific.
The company claims its platform is used by 600,000 users and 1,500 facilities across 12 countries every day. Some of its customers are C&A, Capital Land, Estee Lauder, GE, Jaguar, Nike and Samsung.