SG food analysis startup ProfilePrint raises pre-Series A funding and other SE Asia deals

ProfilePrint, a Singapore-based startup that provides a food ingredient analysis platform, announced raising a seven-figure amount for its pre-Series A funding round backed by venture capital funds from Singapore and Japan.

The funding round was participated by agrifood-focused VC firm Glocalink Singapore, Japanese deep tech VC Leave-a-Nest Singapore, BP de Silva Group, Enterprise Singapore’s investment arm SEEDS Capital, and other strategic investors.

ProfilePrint, co-founded in 2018 by Alan Lai and Reham Amarasuriya, said it intends to use the fresh funding to further strengthen its patented technology, develop its SaaS platform, and expand its team.

The startup has developed a technology that synthesises complex interrelated parameters and sensory data into a single digital footprint to predict the quality profile of a food sample within seconds.

“Such a solution is increasingly important during the outbreak of COVID-19 as companies are restricted from sending their staff to farms for sourcing and quality inspections,” according to ProfilePrint.

ProfilePrint currently provides its food fingerprint solution to global food brands and manufacturers in Singapore, Malaysia, Indonesia, Vietnam, Sri-lanka, USA, and China for rapid quality control, characteristic profiling, and blend recommendation.

Indonesia’s Zenius announces pre-Series B round 

Indonesian edtech firm Zenius has announced a pre-Series B funding round with the participation of new investors Alpha JWC Ventures and Singapore-based Openspace Ventures.

Existing investors Northstar, Kinesys, and BeeNext, who had backed Zenius’s $20-million Series A in February 2020, also joined in the latest round. The company said that it will use the fresh fund to further develop its platform to meet rapidly growing customer demand.

Established in 2004, Zenius Education offers learning solutions based on understanding concepts and scientific reasoning. The startup reportedly offers 90,000 learning videos and thousands of practice quizzes, catering to elementary to high school students.

Vietnam’s EcoTruck secures $4.3m Series A funding

Vietnamese logistics startup EcoTruck has raised about $4.3 million in a Series A funding round led by local investor VNG Technology Group, according to an announcement.

EcoTruck, established in 2017, provides B2B logistics services to connect merchants and logistics operators in Vietnam. It secured $1.7 million pre-Series A funding from South Korean and Vietnamese investors in 2018. The startup, founded by current CEO Le Hoang Anh, is headquartered in Ho Chi Minh City. It has over 90 logistics vendors in Vietnam who are managing 700 container trucks in Hai Phong and Ho Chi Minh City.

SOUTHEAST ASIA DEAL MONITOR

DealStreetAsia has also put together a table listing out prominent venture capital transactions in Southeast Asia from the second half of December till the week beginning Jan 4.

Expand Table

StartupHeadquarterInvestment Size (US)Investment StageLead Investor(s)Other Investor(s)Industry
NusanticsIndonesia-Series AEast VenturesHealthcare
XRVisionSingapore$566,000TNF Ventures, Bridge Street CapitalSoftware
FCC HotelsCambodia$1 millionCML Hospitality, CLMDF and Hera CapitalHospitality
Xiaoxin Machines (X Square)Singapore$1.5 million -Philip Ventures Enterprirse FundLogistics
Metaloop Innovation LabsSingapore Singapore -Elevation Capital, Acorn Heavy Industries, BeenextIT
SayurboxIndonesia
$7.65 million-Astra DigitalEcommerce
ProfilePrintSingapore-Pre-Series AGlocalink Singapore, Leave-a-Nest Singapore, BP de Silva Group, SEEDSAgriculture
Lumiere32Singapore$380,000Venture-DebtGoldbell Financial ServicesHealthcare
PoptronMalaysia$1 millionSeedNasdaq-listed firmEcommerce
ZeniusIndonesia-Pre-Series AAlpha JWC Ventures, Openspace Ventures, Northstar, Kinesys, BeeNextEducation
SiCepatIndonesia$60 millionSeries BFalcon HouseLogistics
EcotruckVietnam$4.3Series AVNGLogistics
Tunas FarmIndonesia-Pre-SeedGayo CapitalAgriculture
Alchemy FoodtechSingapore-BridgeThai Union GroupFood
NavistepsSingapore$1 millionBridgeYasuhide Fujii, Takuya AibaTravel
SkuadSingapore$4 millionSeedBeenext, Anthemis GroupAlto Partners Multi-Family Office, Zenius Education CEO Rohan MongaTechnology

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.