Deal Digest: Israeli startups ViAqua Therapeutics, Komodor raise funding

The Komodor team. Photo taken from Accel's website.

Thai Union Group has injected an undisclosed sum in Israeli biotechnology company ViAqua Therapeutics while troubleshooting platform Komodor has raised $21 million in Series A funding.

Thai Union’s VC fund invests in ViAqua Therapeutics

Thai seafood firm Thai Union Group has invested an undisclosed sum in Israeli biotechnology company ViAqua Therapeutics.

Thai Union has made the investment through its own venture fund.

ViAqua develops an orally administered ribonucleic acid-particle platform to improve animal health in aquaculture, according to a statement by Thai Union. ViAqua’s first product is a feed supplement for enhanced health management in shrimp.

“Disease prevention is a primary concern in the aquaculture sector and ViAqua has a promising technology platform to help manage the health of shrimp and other species,” said Thiraphong Chansiri, president and CEO of Thai Union.

“With the investment in ViAqua we are expanding the scope of our venture activities into the adjacent area of biotechnology,” added Patrick Bertalanffy, group strategy director of the Thai seafood major.

Thai Union’s venture fund was established in October 2018 with an initial commitment of $30 million. The fund focuses on early-stage startups in strategic areas of alternative protein, functional nutrition, new technologies along the food value chain, and biotechnology.

Through the vehicle, Thai Union has invested in foodtech VC firm VisVires New Protein, alternative protein startup Flying Spark, Singapore-based diabetes food firm Alchemy Foodtech, the US-based insect tech and e-commerce company Manna Foods Co; and HydroNeo GmbH, an aquaculture technology company based in Germany and Thailand.

Komodor raises $21m in Accel-led round

Tel Aviv-based Komodor, a troubleshooting platform dedicated to Kubernetes, has raised $21 million in a Series A funding round led by US venture capital firm Accel.

Accel has invested in tools for developers and development and operations teams, including Atlassian, Instana, PagerDuty and Sentry.

Other investors participating in the investment in Komodor include repeat investors such as GitHub CTO Jason Warner, Atlassian CTO Sri Viswanath, Snyk co-founder Danny Grander, Logz.io CEO Tomer Levy, among others.

Komodor previously raised $4 million in seed funding from NFX Capital, Pitango First, and OldSlip Group, in May last year.

Kubernetes is an open-source system for automating deployment, scaling, and management of containerised applications. Komodor provides a centralised view of all code, configurations, and third-party app changes across the entire Kubernetes stack.

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.