Merkle Science, Kamilas4am, Cloversoft, Niv Della and other SE Asia deals this week

Merkle Science, Kamilas4am, Cloversoft, Niv Della and other SE Asia deals this week

Blockchain monitoring platform Merkle Science, design startup Kamilas4am, consumer goods brand Cloversoft and DTC cosmetics player Niv Della secure funding.

Merkle Science confirms $19m fresh funding

Singapore-based Merkle Science, which provides blockchain transaction monitoring and intelligence solutions, on Friday announced a $19-million Series A extension round, bringing the total raised to over $24 million. DealStreetAsia first reported this development earlier this month citing the company’s regulatory filings.

The round was co-led by BECO Capital, Susquehanna affiliate Darrow Holdings, and K3 Ventures, the company said in a statement. New investors in the round include Republic Crypto, Summer Capital, 500 StartUps APAC and US, Aspen Digital, HashKey Capital, and Coinhako.

Existing investors Kraken Ventures, Digital Currency Group (DCG), Kenetic, Uncorrelated Ventures, Fenbushi Capital, Lucy Gazmararian of Token Bay Capital, and Libertus Capital also participated in the round.

Kamilas4am bags pre-seed round

Kamilas4am, a design startup that focuses on small business owners in the Philippines, has raised $140,000 in its pre-seed funding round backed by Japanese and Filipino angel investors.

The startup, co-founded by Mimi Dumalaog and Shinsuke Hori, is under the mentorship of Station Ai – an accelerator program of the Nagoya, Japan local government in partnership with SoftBank. It is also under the 500 global accelerator program.

Kamilas4am produces short-form videos for small businesses with the goal of helping business owners in their social media marketing. The business owners will be matched with a creator in the platform who will create the videos for them.

At this early stage, the startup said it already has 200 creators on the platform and has facilitated 200 matches between creators and business owners. It also claims to have built a community of 5,000 small business owners in the Philippines.

Cloversoft raises seed funding

Singapore-based consumer goods brand Cloversoft announced that it raised a seven-figure sum in a seed funding round led by Apricot Capital, a multi-asset private investment company.

The startup, which provides eco-friendly consumer goods, said the fresh funding will be used to accelerate the brand’s growth by expanding into international markets.

It also plans to invest in research and development to boost its range of plant-based household products.

Cloversoft was founded in 2014 and self-funded by former investment banking female duo Angela Sim and Lynn Yeo. It manufactures eco-friendly, high-quality household necessities, notably Singapore’s first unbleached bamboo tissue.

In an announcement, Cloversoft said it has seen consistent growth since its inception, with a three-fold growth year-on-year in sales on average and a growing customer base in the Asia-Pacific region, including Malaysia, Brunei, Cambodia, Myanmar and Taiwan.

Foxmont seeds Filipino D2C cosmetics brand Niv Della

Niv Della, a direct-to-consumer homegrown cosmetics company in the Philippines, announced that it has raised seed funding from Foxmont Capital Partners, an early-stage venture capital firm in the country.

The startup commits to bringing affordable beauty and skincare products to Filipinos through its Colourette and Fresh Formula brands.

Niv Della founder and CEO Nina Cabrera said the Philippines’ young and tech-savvy population creates a vast opportunity for homegrown beauty brands like Colourette to reach new heights and gain market share.


DealStreetAsia has put together a table listing prominent venture capital transactions in Southeast Asia for the week starting August 1, 2022.

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