Jungle Ventures-backed TradeGecko gobbles up $10m Series B

Photo: TradeGecko

Singapore-based software-as-a-service startup TradeGecko has secured a $10 million Series B round led by TNB Aura Fund 1 and Aura Venture Fund, according to an announcement today.

The round was joined by Perle Ventures and 33 Capital and takes the total funding raised by TradeGecko to over $20 million. The fresh capital raised will be used to grow TradeGecko’s product suites.

“We see a massive opportunity to provide the back-end systems of SMB commerce on a global scale. With the rapid growth of SMBs around the world, partnering with Aura enables us to leverage their market knowledge and extensive network. With the latest funding, we will continue to invest in solving our customers’ most challenging operational challenges,” said TradeGecko CEO, Cameron Priest.

A joint venture with Singapore’s TNB Ventures, Aura Group’s maiden Southeast Asia Venture Capital investment vehicle – TNB Aura Fund I invests up to S$3 million into seed to Series A stage startups.

Aura Venture Fund focuses on investments in growth and expansion stage – Series A or B – businesses. The fund was launched in May 2016 with a target size of A$30 million ($22.11 million).

Founded in 2012, TradeGecko is a cloud-based inventory management SaaS provider with an aim to automate and reduce workflow inefficiencies. The startup last raised a $6.5 million Series A round from Singapore VCs OpenSpace Ventures (formerly NSI Ventures) and Jungle Ventures.

TradeGecko is headquartered in Singapore with another North American HQ in Toronto. The startup was incubated by accelerator Joyful Frog Digital Incubator (JFDI) and now serves over 13,000 users in over 90 countries, according to its website.

Also Read:

TradeGecko raises $6.5m Series A round from NSI & Jungle Ventures

Singapore: TNB Aura Fund 1 reaches first close, targets hard cap of $22.5m

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.