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.