ESP Capital-backed Uiza raises $1.5m funding from Sequoia’s Surge

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ESP Capital-backed Uiza, a video and live streaming platform, has raised a $1.5-million seed round from Surge, a rapid scale-up programme for startups in India and Southeast Asia by Sequoia Capital India.

The funding raised will be utilized for building a product to serve the multi-billion-dollar market of video streaming software, Uiza said in a statement on Friday.

Uiza claims to be the first startup in Southeast Asia to provide video and live stream cloud API platform. It uses data science to optimize the viewing experience as well as live stream.

“We plan to use our latest funding raised to attract talented engineers so we can deploy our proprietary technology globally hence delighting developers and businesses in ways that they have yet experienced,” said Uiza CEO Kevin Nguyen.

Uiza had earlier raised an undisclosed sum of pre-seed funding from homegrown venture capital firm ESP Capital and Japanese IT Corporation Framgia Inc.

The Vietnam-based startup is one of 17 startups in the first batch of Surge. According to an announcement on its website, Surge has invested seed money of $1.5 million each in these companies, who hail from India, Indonesia, Singapore, Vietnam, and Bangladesh.

Some of these startups have additional co-investors on top of Surge, bringing the total haul for the batch to around $36 million.

Launched by Sequoia India, Surge combines $1.5 million of seed capital with company-building workshops, global immersion trips and support from a community of exceptional founders.

It is designed to work with a mix of companies; that could include founders with just an idea, to those at pre-launch or pre-seed, businesses with an existing product-market fit or even startups intending to pivot.

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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.