SEA Digest: SmartClean, MyMy, Ampverse in funding news

Photo by Josh Appel on Unsplash

Singapore-headquartered SmartClean Technologies has raised $2.7 million in its pre-Series A round from a slew of investors, while Malaysian fintech startup MyMy secured $2.41 million to expand its operation. Meanwhile, e-sports firm Ampverse, headquartered in Bangkok and Singapore, too, raised an undisclosed amount in its pre-Series A round.

SG’s SmartClean raises $2.7m

Singapore-headquartered SmartClean Technologies has raised S$3.7 million ($2.7 million) in its pre-Series A round from a slew of investors, per a report by e27.

The round was co-led by SEEDS Capital and an undisclosed environmental services company in Singapore with the participation of Indonesian hygiene company Ecocare and co-CEOs of security automation company Oneberry Technologies, also headquartered in the city-state.

The company is now in talks to raise another $10 million in its Series A round, which is expected to close in March 2021, the report added, quoting SmartClean founder and CEO Lav Agarwal.

Established in 2017, SmartClean provides end-to-end IoT and AI-based solutions that enable data-driven cleaning operations for increased productivity and improved service quality.

Apart from Singapore, the company is also present in Dubai and India.

Malaysian fintech startup MyMy raises $2.41m

Malaysia’s Armed Forces Cooperative (Koperasi Angkatan Tentera Malaysia Bhd) has invested RM10 million ($2.41 million) in homegrown fintech startup MyMy Holdings Pty Ltd, which aims to build the world’s first shariah-compliant digital bank.

With the investment, Koperasi Tentera plans to introduce a number of new digital financial services to its members and their families over the next 12 months, its CEO Ahmad Zahudi Salleh said.

Going forward, MyMy reportedly plans to seek an approval for e-money licence from Bank Negara Malaysia.

With Koperasi Tentera’s latest funding coupled with existing investments, MyMy’s total funding in its seed round currently stands at RM12 million ($2.9 million).

E-sports firm Ampverse raises pre-Series A funding

E-sports entertainment firm Ampverse secured an undisclosed amount in its pre-Series A round to facilitate its expansion plans across Southeast Asia, per an announcement.

Ampverse, which has regional offices in Singapore and Thailand, plans to use a part of the capital raised to ramp up its headcount over the next 12 months. It also plans to earmark a part of the capital for M&A activities.

The round saw the participation of a host of strategic investors such as Robert Gilby (former managing director at Disney Southeast Asia), Axel Wehr (partner at Firestartr), Alex Khan (group managing director international, Unruly) Matt Sutton, (former CEO of ADA, a division of Axiata Group and current entrepreneur-in-residence at INSEAD) and David Ng (CEO and founder of goGame)

Further investment has been made from Vulpes Investment Management, an early-stage investor known for backing Singapore-based unicorns PropertyGuru and Trax.

Founded in 2019, Ampverse’s owns and operates esports teams and gaming channels and offers original content programming, besides being engaged in publishing assets and merchandise.

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.