IoT startup UnaBiz raises $10m Series A co-led by Japan’s KDDI, Engie

Internet of things (IoT) startup UnaBiz has announced raising over $10 million in a Series A funding round co-led by Japanese telecommunications firm KDDI and ENGIE Services.

In addition to the two lead investors, UnaBiz’s pool of investors includes notable angel investors from Singapore as well as Taiwanese security management giant Shin Kong Security, a subsidiary of the Shin Kong Group.

The new funds, according to UnaBiz, will support the development of IoT applications that “combine connectivity, end-to-end solutions, and engineering services”. UnaBiz is the exclusive operator of IoT communication service Sigfox in Singapore and Taiwan.

Henri Bong, CEO and co-founder of UnaBiz, attributed the successful close of the Series A funding round to the team’s “tireless efforts”.

“In only two years, we have deployed two national networks, built an ecosystem of over 200 partners across Asia and brought our IoT solutions to over 25 countries. With our new international partners… UnaBiz will now play a more prominent role in empowering Massive Internet of Things,” Bong said.

KDDI, Japan’s global telecommunications pioneer, led the round through its SORACOM IoT Fund Program. SORACOM Inc, the KDDI group company that runs the programme, is a multi-standard IoT platform that operates in over 120 countries.

Commenting on the investment, Ken Tamagawa, CEO and co-founder of SORACOM Inc, said the joint efforts will “accelerate the buildout of an even stronger international IoT ecosystem to develop new solutions for our customers”.

The other lead investor, ENGIE Services Singapore, joined the round through its ENGIE New Ventures fund. The fund was also an investor in UnaBiz’s seed round.

“IoT, along with data science, artificial intelligence, and machine learning, is at the heart of our digital strategy, and UnaBiz shares that vision of a connected world with us,” according to Csilla Kohalmi-Monfils, Executive Vice President Strategy & New Business at ENGIE.

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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.