July is over and August is coming. Marking the first month of second quarter and second half of the year, many companies opened and closed their funding rounds. Here are some of the biggest funding rounds in Southeast Asia in July.
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Those which are still on the funding round run even after July investment
gojek
At the end of the month, gojek announced that it has just raised a total of $100 million. Visa led the investment, along with Siam Commercial Bank and three entities of Mitsubishi Japan. The company focuses the investment on expanding more services on its digital wallet, Go-Pay feature.
Despite the large sum that it has raised, gojek is far from the finish line. The company that has just changed it’s name and logo stated that it would close the Series F with the target of $2 billion.
Grab
The forever rival seems to enter another competition in this funding round. Grab, along with gojek, is also holding its Series H funding round. Though the amount that it has raised is still undisclosed, the company has announced partnership with Experian.
Experian will support Grab with its technology and data analytics in the future. Meanwhile, the company’s loyal investor, SoftBank Group has also committed to invest $2 billion in the company.
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Those who gained big in July funding rounds
Apart with the region’s giant, there are plenty startups that raised a huge amount of funding in July. These are the top three of them.
Trax
Not only raising a $100 million fund from HOPU investment, Trax has also marked a new history. The company now is Singapore’s second unicorn as the fund it raised put it within $1 billion valuation.
After the funding round, the company has been making several acquisitions, to this day, it has acquired three companies in total.
Near
At its Series D round funding, the Singaporean AI-powered platform announced that it raised $100 million. Greater Pacific Capital (GPC), a private equity firm invested the eight-figure fund, surpassing Near‘s previous funding rounds that only raised $34 million in total.
iFlix
The Malaysian video-on-demand (VoD) service platform did not disclose the exact amount of money it has raised. Vaguely, the company put it at ‘$50+ million’. Fidelity International led the funding round that the company intended to use for driving growth. iFlix is also preparing for a prospective IPO this year.