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
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
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.
|Startup||Headquarter||Investment Size (US)||Investment Stage||Lead Investor(s)||Other Investor(s)||Industry|
|Nusantics||Indonesia||-||Series A||East Ventures||Healthcare|
|XRVision||Singapore||$566,000||TNF Ventures, Bridge Street Capital||Software|
|FCC Hotels||Cambodia||$1 million||CML Hospitality, CLMDF and Hera Capital||Hospitality|
|Xiaoxin Machines (X Square)||Singapore||$1.5 million||-||Philip Ventures Enterprirse Fund||Logistics|
|Metaloop Innovation Labs||Singapore||Singapore||-||Elevation Capital, Acorn Heavy Industries, Beenext||IT|
|Sayurbox||Indonesia||$7.65 million||-||Astra Digital||Ecommerce|
|ProfilePrint||Singapore||-||Pre-Series A||Glocalink Singapore, Leave-a-Nest Singapore, BP de Silva Group, SEEDS||Agriculture|
|Lumiere32||Singapore||$380,000||Venture-Debt||Goldbell Financial Services||Healthcare|
|Poptron||Malaysia||$1 million||Seed||Nasdaq-listed firm||Ecommerce|
|Zenius||Indonesia||-||Pre-Series A||Alpha JWC Ventures, Openspace Ventures, Northstar, Kinesys, BeeNext||Education|
|SiCepat||Indonesia||$60 million||Series B||Falcon House||Logistics|
|Tunas Farm||Indonesia||-||Pre-Seed||Gayo Capital||Agriculture|
|Alchemy Foodtech||Singapore||-||Bridge||Thai Union Group||Food|
|Navisteps||Singapore||$1 million||Bridge||Yasuhide Fujii, Takuya Aiba||Travel|
|Skuad||Singapore||$4 million||Seed||Beenext, Anthemis Group||Alto Partners Multi-Family Office, Zenius Education CEO Rohan Monga||Technology|