Weekly Roundup: Malaysia’s Ulalive raises $300K and other SE Asia deals

Ulalive, Malaysia’s first live-streaming social media platform, has announced raising $300,000 in seed funding from angel investors.

The fresh capital will be used for product development, acquiring content creators, and boosting Ulalive’s plan to enable greater access to innovative ecommerce solutions.

Developed by ReezBubble Technologies in April 2021, Ulalive provides creators and their followers a platform to communicate with each other throughout its core feature, live video streaming.

It also aims to provide commerce solutions for users who are aspiring to be entrepreneurs. Its virtual launch is set to take place by the fourth quarter of 2021.

Indonesia’s Paragon Pictures raises pre-Series A funding

Paragon Pictures, an Indonesian startup that focuses on developing, producing, marketing, and distributing intellectual property (IP) films for the Indonesian and global market, has announced raising an undisclosed amount of funding in its pre-Series A round.

The funding round was co-led by Indonesian early-stage venture capital investor Salt Ventures and Inter Studio Group, the country’s first film lab.

Established in 2019 as a subsidiary of Ideosource Entertainment, NFC Indonesia, and M Cash Integrasi, Paragon Pictures is presently working on several IP in various forms, including live-streaming content partnering with GoPlay Indonesia, children’s animation, serial production for OTT platforms, and several new films.

Robert Ronny, the company’s CEO, said the funding will be used to continue producing several feature films and series in the pipeline, which are based on well-known IPs and IP originated by Paragon’s development team.

SOUTHEAST ASIA DEAL MONITOR

DealStreetAsia has also put together a table listing out prominent venture capital transactions in Southeast Asia in the week beginning June 21.

Expand Table

StartupsHeadquarterInvestment SizeInvestment StageLead Investor(s)Other Investor(s)Industry / Verticals
HugoSingapore$20,00,000Seed1982 VenturesFintech
MFastVietnam$1,500,000Pre-Series ADo VenturesJAFCO AsiaFintech
JustikaIndonesiaSeedEast VenturesSkystar CapitalLegaltech
GrowSariPhilippines$30,000,000Series A & BPavilion Capital, Tencent, IFC, ICCP SBI Venture Partners, Saison CapitalRobinsons Retail Holdings, JG Digital Equity Ventures, Wavemaker PartnersB2B
Paragon PicturesIndonesiaPre-Series ASalt Ventures, Inter StudioEntertainment
ShipmatesPhilippinesSeedBuko VenturesLogistics
UlaliveMalaysia$300,000Pre-SeedSocial Media
GotradeSingapore$7,000,000SeedLocalGlobeFintech

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.