Data Vantage: Entobel, NOVI Health, Doctor Anywhere & Oraan bag funding

Data Vantage: Entobel, NOVI Health, Doctor Anywhere & Oraan bag funding

Entobel, a company that produces animal feed, pet food, and fertilisers from black soldier fly larvae, received $15 million from Mekong Capital and Dragon Capital this week as part of its Series B funding round.

The latest tranche comes less than six months after the company received $15 million from the two investors as part of the same round. Earlier this year, Entobel was said to be seeking to raise $30 million to finance the construction of a new production facility in Vietnam.

Founded in 2013, Entobel commercially rears the black soldier fly to produce insect protein as a feed ingredient and operates one of the world’s largest insect production sites in Vietnam’s Dong Nai province.

Top shareholders in Entobel

Source: DATA VANTAGE

NOVI Health, a Singapore-based medical and digital health provider that focuses on lifestyle-based illnesses, has raised $5 million in Series A funding from venture capital firm Monk’s Hill Ventures.

The capital will be used to accelerate hiring for its technology, growth, and product teams and invest further in its technology-enabled platform, the company said.

NOVI Health was launched in 2019 by three doctors — Joanne Tay, Sue-Anne Toh, and Kyla Tan — to promote a holistic approach to treating chronic conditions beyond prescribing medications.

Other updates from DATA VANTAGE

Healthtech startup Doctor Anywhere has received $20.8 million in new funding from several Singapore-based health professionals. Its share price is up 1.3 times from its previous financing – a $65.7 million round led by Asia Partners – in 2021.

Doctor Anywhere recently reported a 186% surge in revenue for the financial year ended Dec 31, 2021, while its net loss tripled during the period.

Oraan, a Pakistan-based fintech startup focused on providing alternative solutions to the underserved, received $1.6 million from Wavemaker Partners, Blauwpark Partners, Invest2Innovate, Haitou Global and Plug & Play Ventures. Last year, the women-led startup had raised a $3 million seed round from Zayn Capital and Wavemaker Partners.

Mogul, a Singapore-based proptech firm, received $4 million from Nech Capital and other investors as part of its recently announced S$9 million Series A funding round. This is the company’s first-ever financing.

Melbourne-based global payments unicorn Airwallex injected $3.3 million into its Singapore entity this week. Earlier in October, the parent company announced raising an additional $100 million in an extended Series E round at a valuation of $5.5 billion.

Singapore-based logistics service provider Cargobase allotted shares worth $253,000 to investors Koh Boon Hwee, David Lee Eng Thong, and Evander Management this week.

Finquest, a Singapore-based big data and AI platform, received $50,000 from existing investor Pierre Feligioni. Earlier in July, the company had raised $5.5 million in a funding round led by European venture capital firm Capricorn Partners.

Thai marketing platform Tellscore Company Limited has invested $90,000 in its Singapore entity. The parent company had raised an undisclosed amount in Series A funding from Siam Alpha Equity in February this year. Tellscore was launched in 2016 by Suvita Charanwong and Amornthep Chimpleenapanont, the co-founders of digital marketing agency Redlab.

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