Asia Digest: Blockchain firm SubQuery raises $9m; AirBolt closes $1.5m seed round

Photo: Hitesh Choudhary/Unsplash

New Zealand-based blockchain startup SubQuery bagged $9 million in a funding round, while the Australian smart lock creator AirBolt has raised $1.5 million.

New Zealand blockchain startup SubQuery raises $9m

SubQuery, a New Zealand-based startup that aggregates data for decentralised app developers on the Polkadot protocol, has bagged $9 million in a round co-led by Arrington Capital, DCG, and Stratos Technologies, with participation from Hypersphere Ventures, Neo Global Capital, Wintermute, and Skynet Trading.

The company had raised a seed round earlier this year from the likes of DeFi Alliance and P2P Capital.

SubQuery helps app developers eliminate the need to process data themselves so that developers can focus on product development and user experience, the company said in a press release.

AirBolt closes $1.5m seed round

Australian smart lock creator AirBolt has raised an AUD$2 million ($1.5 million) seed round led by advisory firm Seventytwo Capital.

The funds will allow AirBolt to expand its product range and business overseas, the firm said in a press release.

Founded in 2015 from a Kickstarter campaign, the company has since sold more than 60,000 of these travel locks. The company launched a GPS tracker last year and claims to have made AUD$1.4 million in pre-orders.

“We’ve been profitable since the early days and never raised any outside capital previously thanks to our amazing KickStarter backers, but it was definitely time now to set our sights on becoming the best tracking and smart access company in the market,” AirBolt’s founder Kabir Sidhu said of the fundraising round.

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.