SEA digest: Indonesia’s Greenly bags seeds funding; Venture builder Skymind eyes SEA expansion

Surabaya-based food and beverage startup Greenly has raised an undisclosed amount in seed funding from early-stage venture capital firm East Ventures, while UK-based AI ecosystem builder Skymind Global Ventures is eyeing an expansion to Indonesia and Malaysia.

Greenly bags seed funding led by East Ventures

Greenly, an Indonesian-based F&B retail chain, announced on Wednesday that it had secured seed funding led by early-stage VC firm East Ventures, with participation from several angel investors.

Founded in 2019, the firm offers salads, grain bowls, cold-pressed juices, smoothies, nut milk and other healthy products created using natural and fresh ingredients. It operates five outlets, including four cloud kitchens, in Indonesia’s second-largest city, Surabaya. It expects to open new outlets in Jakarta soon.

The startup plans to use the fresh funding for product innovation, technology development, and store expansion in Surabaya and other cities.

Greenly was founded by serial entrepreneur Edrick Joe Soetanto and UC Berkeley nutritionist Liana Gonta Widjaja. It uses a multichannel sales strategy by combining both physical outlets and online delivery.

“We seek to address the gap between healthy but expensive food offered by existing players, and affordable but unhealthy food provided by the fast-food chain network,” said Greenly co-founder Widjaja.

Skymind Global Ventures eyes Southeast Asia expansion 

Skymind Global Ventures (SGV), an AI ecosystem builder that recently launched an $800 million fund in January, is looking to expand to Malaysia and Indonesia, it said in a statement.

Skymind, which announced the opening of its London office in January, is targeting to deploy the fund in promising new AI companies and academic research across the UK and worldwide.

The startup plans to train more than 200 AI professionals for its operations in London and Europe until it eventually expands the programme to Southeast Asia.

According to Skymind, the AI-based industry has been growing steadily globally, particularly in Southeast Asia. Its London-office will back R&D and tap opportunities across the continents.

“Skymind Global Ventures sees strong potential in Malaysia and the Southeast Asian region to build a thriving AI ecosystem. From talent to incubating innovative start-ups, this region just requires the tools and expertise to become a global AI hub,” Skymind Global Ventures CEO Shawn Tan said in a statement.

Last December, Skymind AI Berhad, a regional counterpart of Skymind, signed an agreement with Huawei Technologies to develop a cloud and artificial intelligence innovation hub in Southeast Asia, beginning with Malaysia and Indonesia.

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.