Singapore’s early-stage venture capital firm Cocoon Capital has co-led a S$1.2 million ($860,000) seed round in Qashier while Animoca Brands has acquired social casual gaming platform GAMEE for €4 million ($4.5 million) in shares.
Singapore-based Cocoon Capital co-leads seed round in Qashier
Singapore’s early-stage venture capital firm Cocoon Capital has co-led a S$1.2-million ($860,000) seed round in point-of-sale terminal provider Qashier, according to an announcement.
Hardware Club, a venture capital firm based in San Francisco, also joined the round.
Founded by serial entrepreneurs Christopher Choo and Frank Zhao Liang, Qashier smart terminal supports credit cards, PayNow and the most popular digital wallets like PayLah! and WeChat Pay.
The company said that it will use the funds to expand further into Southeast Asia, grow its team, and invest more in product development with a strong focus on building an omnichannel commerce platform to power SMEs.
Animoca Brands acquires GAMEE
Animoca Brands has acquired social casual gaming platform GAMEE for €4 million ($4.5 million) in shares plus earn-out payments of up to €1 million ($1.1 million) in cash or shares, according to an announcement.
Founded in 2015, GAMEE provides over 80 proprietary games via its web site and mobile apps.
The company claims that it has over 13 million registered users and has recorded more than 4 billion gameplay sessions to date.
At acquisition, GAMEE had a cash balance equal to €700,000 (approx. A$1.14 million) and no debt.
Animoca Brands plans to leverage the acquisition of GAMEE to launch browser-based games as well as games on various social media platforms.