Asia Digest: SG’s Boxgreen, Brezze Malaysia raising capital to facilitate growth

Boxgreen, a Singapore-based healthy snack delivery service provider, has raised a pre-Series A funding from Singapore-based family office Octava, among others. Meanwhile, Brezze Malaysia that rents power banks, is raising funds from crowdfunding platform Ata Plus.

SG’s Boxgreen raises pre-Series A funding

Singapore-based Boxgreen, a healthy snack-box delivery company, raised an undisclosed amount in a pre-Series A funding round from Octava Impact Investment, a family office based in Singapore, Angel Central Syndicate, a US-based provider of deal syndication service, and existing investor Expara Ventures.

The proceeds will be used to support the startup’s plans for revenue growth and strengthen its supply and distribution chain.

Founded in 2014, Boxgreen allows users to make a selection from a variety of snacks that have nutritional value. The company has since then expanded to Malaysia.

“We continue to see a rising growth year-on-year of consumers who are looking for healthier and more sustainable ways to consume,” said Walter Ohn, co-founder and CEO at Boxgreen.

Boxgreen was recently in news for acquiring Squeezed!, Juice, a cold press juice manufacturing brand.

Power bank rental Brezze Malaysia raising capital from Ata Plus

Brezze Malaysia, a power bank rental company, has announced that it is raising RM300,000 ($71,600) from Ata Plus, Malaysia’s online equity crowdfunding platform.

The company is behind the power bank brand Brezze, which allows people to use a mobile application to retrieve a power bank from a nearby vending machine and return it at a different location.

The equity crowdfunding campaign is the 19th campaign listed on Ata Plus’ platform.

The proceeds are planned for the company’s operations, sales, and marketing work.

Going ahead, Brezze aims to introduce more charging stations in every 500m in high traffic areas especially around shopping malls and public transportation stations.

The power-bank sharing concept in Malaysia is expected to pick due to factors such as the country’s increased smartphone penetration – it may be worthwhile to note that Malaysia’s internet penetration is the highest in Southeast 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.

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.