VCGamers, an Indonesian social commerce platform for gamers, has secured $2.6 million in a seed round, led by BEENEXT and Rans Ventures — a venture fund owned by two prominent content creators, Raffi Ahmad and Nagita Slavina.
The round also witnessed participation from angel investors Ari Fadyl, a Google APAC executive; and Jerry Soer, VP at Collab Asia.
Following the funding, VCGamers — founded by Isya Sony Subrata, Hartanto, Ibnu Anggara, and Wafa Taftazani — six months ago, has reached $20 million in valuation.
The platform enables gamers to buy and sell in-game currencies, items, and services. It also offers a social hub where users can connect with each other, organise events and tournaments, and start or join e-sport teams.
VCGamers is also eyeing a Web3 play: the platform is launching its crypto token, VCG, on Friday and plans to allow users to mint their own gaming NFTs.
Based on results from the German statistical company, Statista, Indonesia’s online gaming industry revenues reached $1.29 billion in 2020 and was expected to hit $1.49 billion in 2021. Indonesian Gaming Association data shows that the country’s gaming industry grew 9% in 2020.
Agritech firm FoodMap raises $3m
FoodMap, an agritech e-commerce platform based in Vietnam, has announced raising $3 million in its pre-Series A funding round co-anchored by venture investors Vulpes Ventures and BEENEXT and backed by Wavemaker Partners and Ascend Vietnam Ventures.
Launched in 2020, FoodMap connects farmers and small- and medium-sized agricultural producers with end consumers to provide traceability of farm produce. Currently, the firm supplies products from more than 300 farmers and producers, severing both B2C and B2B customers.
FoodMap currently focuses on fresh products, seafood, selected meats, ready-to-cook food, and non-perishable products.
Founder and CEO Pham Ngoc Anh Tung said the fresh funding will be used to recruit key personnel and develop warehouse and operation systems.
“FoodMap wants to help both sides of the equation by optimizing the production process, raising the value of Vietnamese food products, and increasing visibility across the supply chain to strengthen customers’ trust,” he added.
Vietnam largely remains an agricultural country with about 20% of the population working in agriculture and related areas, according to reports cited by Tung. For 2021, the agricultural sector is expected to account for 15% of the country’s GDP.
SOUTHEAST ASIA DEAL MONITOR
DealStreetAsia has put together a table listing out prominent private equity and venture capital transactions in Southeast Asia for the week ending January 7, 2022.
|Startup||Headquarters||Investment Size||Investment Stage||Lead Investor(s)||Other Investor(s)||Industry / Verticals|
|Smarter Health||Singapore||$38,00,000||Series A||East Ventures||Orbit Malaysia, Citrine Capital||Healthtech|
|CyberHash||Singapore||$20,000,000||Lemon||Alex Zhu||Cloud Storage|
|UpBanx||Indonesia||$5,200,000||Pre-Seed||Y Combinator, Alpha JWC||Alto Partners Multi-Family Office, Number Capital||Fintech|
|Almond Finance||Singapore||$2,000,000||Seed||Morningside Group||Fintech|
|Play It Forward DAO||Singapore||$6,000,000||Signum Capital, Kyber Ventures, and UOB Venture Management||Jump Capital, GBV, LD Capital, Great South Gate, Octava, 975 Capital, Arcane Group, Tokocrypto, AU21, Double Peak Group, Faculty Group, NxGen, DWeb3 Capital, GSR, SL2 Capital, Mintable||Gaming|
|Chain Debrief||Singapore||$900,000||Seed||Sim Jian Hong||QCP Capital, Gecko Ventures.||Media|
|Anfin||Vietnam||$1,200,000||Seed||Goodwater Capital, Global Founders Capital||XA Network, First Check Ventures||Fintech|
|XOPA AI||Singapore||$4,200,000||Series A||ICCP SBI Venture Partners||SEEDS Capital, AI8 Ventures, XCEL NEXT VENTURES, SASV Investments||HRtech|
|FoodMap||Vietnam||$3,000,000||pre-Series A||Vulpes Ventures, Beenext||Ascend Vietnam Ventures, Wavemaker Partners||Agritech, e-commerce|
|Pandai||Malaysia||$2,030,000||Seed||Y Combinator, Global Founders Capital, 500 Global, Soma Capital, Harvard; RHL Ventures, Falnas Capital, Kembara Kapital||Edtech
|Spenmo||Singapore||$85,350,000||Series B||Tiger Global Management||Insight Partners, Rocket Internet, Addition, Global Founders Capital, Alpha JWC Ventures, Salesforce Ventures||SaaS|
|Timo||Vietnam||$20,000,000||Square Peg||Jungle Ventures, Granite Oak, FinAccel, Phoenix Holdings||Digital banking|
|Brankas||Singapore||$20,000,000||Series B||Insignia Ventures Partners||Visa, AFG Partners, Treasury International, BEENEXT, Integra Partners||Fintech
|Startup Oi||Singapore||$1,000,000||Pre-Seed||January Capital||Goodwater Capital, SonTech Ventures, Mohammed Alabsi, Pritesh Gupta, Nikhil Lalwani||HRtech|
|VCGamers||Indonesia||$2,600,000||Seed||BEENEXT, Rans Ventures||Angel investors (Ari Fadyl; Jerry Soer)||Social Commerce|
|Power Commerce Asia||Indonesia||Series A||Interport Mandiri Utama, SAP Express||E-commerce Enabler|
|Olsera||Indonesia||$2,500,000||Seed||Kejora-SBI Orbit||POS systems|