Asia Dealbook: ThinkZone, CJCC forge partnership; Bonza bags funding from East Ventures

Photo: Peter Nguyen/Unsplash

Vietnam-based accelerator ThinkZone and Cambodia’s CJCC have signed a cross-border partnership to support the burgeoning startup ecosystem in the two countries. Meanwhile, Jakarta-based big data analytics firm Bonza has raised a seed round from venture capital firm East Ventures.

ThinkZone and CJCC sign partnership

Vietnam-based accelerator ThinkZone and Cambodian-based governmental organization CJCC have signed a cross-border partnership to support the startup ecosystem in the two countries, according to an announcement.

ThinkZone and CJCC will organize some exchange programmes between mentors/trainers from Vietnam and Cambodia for knowledge and experience sharing.

The partnership will help prominent startups from both countries get support in fundraising from regional investors and foray into Vietnam and Cambodian markets.

With comprehensive collaborative activities including training, accelerating, and investing, the partnership aims to fill the gap pertaining to the entrepreneurial and investment ecosystem in both countries.

“With this partnership, CJCC and ThinkZone would like to develop entrepreneurship and nurture startups effectively, as well as to develop the network and the ecosystem of startups in Cambodia and Vietnam”, said Sy Vanna, Manager of Human Resource Development Department of CJCC.

Recently, ThinkZone announced the list of top five startups that are slated to receive an investment of $250,000 and other support packages from large corporates.

The accelerator is seeking to raise a $30-million venture capital fund focused on tech startups in Vietnam and Southeast Asia.

Bonza bags funding from East Ventures

Jakarta-based big data analytics firm Bonza raised an undisclosed amount in its seed round from Southeast Asian venture capital firm East Ventures, per an announcement.

Bonza will allocate the funding to develop its technology and product, and expand its business operations.

“We believe that there is a gap between leading machine learning and AI research, and its implementation in the real world. We see Bonza as the bridge to close that gap,” Bonza co-founder Elsa Chandra said in a statement.

“With this investment, Bonza is able to build a platform that facilitates decision making and monitors the results of those decisions, by presenting insight generated from unstructured data,” East Ventures co-founder and managing partner Willson Cuaca said.

In the wake of the COVID-19 pandemic, Bonza has been supporting the Indonesian government to mitigate the spread of the virus.

There has been a surge in the number of AI and big data startups in Indonesia over the past few years. Apart from Bonza, other big data startups operating in the archipelago include cashback receipts app Snapcart, AI solution for marketing Kata.ai, Nodeflux, and Eureka.ai.

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.