SEA Digest: Asumsi, Xurya, uHoo in funding news

Photo: SmartNews website

Asumsi has garnered seed funding from East Ventures, while Clime Capital has made an initial investment in Xurya Daya Indonesia. Meanwhile, uHoo has secured an undisclosed amount in a round led by the VC firm Wavemaker Partners.

Asumsi raises seed funding from East Ventures

Indonesian digital media startup Asumsi has raised an undisclosed amount in its seed round from East Ventures. The capital will be used to hire more engineers and build tech infrastructure, according to a media report.

Founded in 2015 by former journalists, Asumsi focuses on politics, current affairs, and pop-culture sessions. The company publishes its stories on its website and YouTube channel.

Asumsi claims to get over 10 million viewers per month on its website, YouTube channel, and social media platforms.

Clime Capital invests in Xurya

Singapore-based investment company Clime Capital has made an initial investment in renewable energy startup company Xurya Daya Indonesia, according to a press statement. Clime Capital’s investment has been routed through its fund The Southeast Asia Clean Energy Facility (SEACEF).

The investment is expected to accelerate Indonesia’s revolution through sustainable clean energy. Xurya will continue to build rooftop solar panels on the industrial and commercial buildings that have reached 80 MWp.

Established in 2018, Xurya sparked the first wave of Solar rooftop leasing in commercial and industrial circles.

Wavemaker Partners leads funding in SG’s uHoo

Singapore-based indoor air quality sensor company uHoo has raised an undisclosed amount led by the VC firm Wavemaker Partners.

The round also saw the participation of Enterprise Singapore apart from uHoo’s existing and new investors that include PropertyGuru’s co-founder Steve Melhuish.

uHoo will use the funding to ramp up recruitment and develop innovative new products and services. uHoo was founded in 2014 as an air quality sensor device.

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.