Data Vantage: Nansen’s Ape Board acquisition, Pitik’s investors and other updates

Singapore-based blockchain analytics platform Nansen’s recent regulatory filings show its acquisition of DeFi investment tracker Ape Board last month was worth $20 million.

As part of the deal, Nansen will pay $4 million in cash and issue stock worth $16 million to Ape Board shareholders, including Siam Commercial Bank’s venture arm SCB 10X and co-founders Kasidej Phuksuksombati and Kongpon Charanwattanakit.

The share allotments will be conducted in stages and are expected to be fully completed by the second anniversary of the deal’s closing date in May 2024.

In another development last week, Indonesian agritech startup Pitik issued shares to investors that participated in its $14 million Series A round announced in May. The startup, which was founded last year, works with poultry farmers to provide farm management technology to improve productivity.

Indonesian VC firm Alpha JWC Ventures led the round with a $9 million investment. Other investors include MDI Ventures and Wavemaker Partners, which contributed $2.85 million and $2 million, respectively.

Arise, a joint fund established by MDI Ventures and Finch Capital, also participated in the latest round, which saw Pitik’s share price surge 10 times since its seed round last year.

Latest equity funding secured by Pitik 

Source: DATA VANTAGE

Other updates from DATA VANTAGE 

Confirming a DealStreetAsia report on Monday, Flash Coffee founder and CEO David Brunier said the company had completed the first close for its Series B funding round at $32.8 million. The total proceeds comprised $15.02 million in fresh capital and an allotment of shares worth $17.8 million to convertible noteholders. The company is currently in the process of finalising the second closing, Brunier said.

Singapore-based digital banking startup StashFin allotted new shares to existing investors worth $11 million last week. The investors are Kravis Investment Partners, Altara Ventures and India-based HR consulting firm Positive Moves. The allotment was part of a $40 million Series B extension round announced last year.

Dastgyr, a B2B e-commerce marketplace based in Pakistan, has allotted new shares worth $15 million to Nasdaq and Euronext-listed internet services provider VEON as part of an ongoing Series A round. The startup has secured shareholder approval to raise up to $25.3 million in fresh equity funding at a pre-money valuation of $75 million, its filings show.

Vietnamese retail firm Ficus Asia, the parent company of Seedcom, has issued new shares worth $4.1 million to Vietnamese private equity firm VI Group. The allotment follows a $10 million investment by Alibaba’s eWTP Technology and Innovation Fund in September.

Bangladesh-headquartered Bongo Holdings, which operates content creation platform Bongo Studios and video streaming service Bongo Platform, has issued shares worth $4.3 million to new investors.

Singapore-based smart city solutions provider Xjera Labs allotted more than 5 million shares last week to Little SG Chestnut Limited. Xjera co-founder Chu Xinqi remains its largest shareholder with a 41.2% stake, according to our calculations.

Singapore-based FMCG company Believe allotted new shares last week to existing shareholder Venturi Partners. Venturi is now the fifth-largest shareholder in Believe with a 7% stake.

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