SPH Media Fund invests in Peatix’s $5 million Series B round

Image from Peatix Corporate Blog

Peatix, a global ticketing platform, has raised a $5 million Series B round led by DG Incubation, with participation from the SPH Media Fund and Sunny Side Up, a Japanese media firm.

Existing investors from Peatix’s Series A round, Fidelity Growth Partners Japan and Draper Nexus, also increased their existed investments.

Serving as a mobile-focused ticketing solution for event organisers like TEDx, Amazon Web Services and various independent organisers, whether individual or corporate, Peatix has expanded across North American and the Asia-Pacific since its launch in 2011, with offices in Singapore, Tokyo, New York and Kuala Lumpur.

Also Read: How funding rounds differ: Seed, Series A, Series B, and C

The capital from this round will be invested in product development, with Peatix enhancing its mobile and event discovery offerings, as well as improving sponsor outreach to to event attendees and expansion into new markets. According to data from Crunchbase, this latest Series B round brings the total funding received by Peatix at $9.6 million. This is over two seed rounds, a series A and a series B round, with 17 different investors involved.

According to Singaporean tech blog e27, CEO and co-founder of Peatix, Taku Harada, stated: “The funding will have a large impact on our growth plans, as we can now invest in more product features, particularly in mobile event discovery. Also, we anticipate increased media coverage of the various events on Peatix through our media and investment partners SPH and Sunny Side Up.”

Related Story: Emtek makes series B investment in online marketplace BukaLapak

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.