Data Vantage: OFF FOODS gets $1.5m to munch on, EDP Sunseap bags $90m from parent
Summary
Indonesia-based alternative protein maker OFF FOODS raised $1.5 million from Jungle Ventures last week, according to regulatory filings.The capital injection appears to be part of a new round as the startups share price is more than double that in its previous financing. OFF FOODS had closed a $1.7 million seed round in April with the backing of Alpha JWC Ventures, Global Founders Capital, Lemonilo and others.Singapore-based renewables firm EDPR Sunseap received $90 million from parent firm EDP Renewables (EDPR), the worlds fourth-largest renewable energy producer, last week.EDPR, which is majority owned by Portugals Energias de Portugal, had closed its S$1 billion acquisition of the Singapore firm earlier this year and announced plans to invest up to S$10 billion by 2030 to establish an Asia-Pacific energy hub in the city-state.EDPR Sunseap, the Singapore unit, recently inked a partnership with Reservoir Link Energy Bhd to develop solar projects in Malaysia. It had in April signed a memorandum of understanding with Indonesias Riau Islands to build an offshore solar farm to supply power there as well as to Singapore.Chinese conglomerate Fosun International pared its holding in The Parentinc, a content and community platform for parents, last week. The investor had backed the startups Series C round in 2019, along with e-commerce giant JD.com.Singapore-based Neuroncredit Pte, which is also known as Atome Financial and is the parent company of Indonesias fintech lending firm Kredit Pintar, more than doubled its 2021 revenue. Its net profit before interest, too, increased over 2x.Wealth management and savings startup Hugosave received $1.7 million last week from investors including Woodside Holdings Investment Management as part of a $4-million pre-Series A round announced in July.Delivery Hero injected nearly $580,000 into Singapore-based restaurant tech startup TabSquare last week, bringing its total investment in the latter this year to $5.26 million.