SE Asia Digest: MyCloudFulfillment raises Series B; ScaleUp Malaysia selects 3rd cohort startups

The KL Tower is seen, with a background of the cityscape in Kuala Lumpur, Malaysia.

Thailand’s MyCloudFulfillment has completed its Series B funding round while ScaleUp Malaysiahas selected 20 companies for its Cohort 3 programme.

MyCloudFulfillment raises Series B round

Thai fulfillment solutions provider MyCloudFulfillment has completed its $7.4-million Series B funding round from JWD Group and SCB 10X, the digital technology investment arm of Thailand’s Siam Commercial Bank, e27 reported.

This comes a year after the firm raised a $2-million Series A funding round from Gobi Partners, SCB 10X, ECG Research, and NVest Venture.

MyCloudFulfillment provides storage, packing and shipping services with sales channel integration and data analytics.

ScaleUp Malaysia announces 3rd cohort startups

ScaleUp Malaysia, a growth-stage accelerator, on Monday announced 20 companies under its Cohort 3 programme representing e-commerce, edtech to cyber-security sectors.

The Kuala Lumpur-based accelerator had evaluated over 200 applications from Malaysia, the United States, Indonesia, Singapore, Japan, and Egypt. These companies will undergo a four-month intensive process to address the gaps in their businesses.

“We selected these companies based on their ability to develop solutions for the new normal and the founders’ capabilities to execute their business plans during the pandemic,” Andre Sequerah, ScaleUp Malaysia managing partner, said in a statement.

Half of the companies chosen in the Cohort 3 programme will receive offers for a 250,000 ringgit Malaysia ($60,000) investment.

Singapore-based venture capital firm Quest Ventures and a US-based fund specialising in investing in Malaysian B2B startups Indelible Ventures will join the programme to help the companies reach their potential.

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.