Data Vantage: iSeller, SirionLabs, Holywally and Qoala raise capital
Summary
Indonesia-based point of sale (POS) platform iSeller received $7.6 million in fresh funding last week from Intudo Ventures, Beacon VC, Mandiri Capital and Openspace Ventures.The investment is part of a recently announced $12 million Series B round, which comprises the aforementioned fresh equity funding and allocation of preference shares to bondholders.Lead investor Intudo Ventures contributed $4.27 million in funding, while the other investors offered $1.11 million each.Founded in 2017 by Jimmy Petrus, iSeller integrates in-store point of sale, online storefront, payment processing, order fulfilment, and inventory management.SirionLabs, a company that provides contract lifecycle management (CLM) solutions, added another $3 million to its Series D kitty last week, bringing the round total to $113 million.It had bagged $25 million from Brookfield Growth in December after previously securing $85 million in Series D financing from Partners Group, Sequoia Capital India and Tiger Global in May.Announcing the Brookfield investment earlier this month, the company said it will use the fresh capital to expand its leadership position in the rapidly growing enterprise CLM market.Venture-backed companies in Southeast Asia raised $2.88 billion in equity funding in the fourth quarter of 2022, hitting a two-year low, according to a DealStreetAsia DATA VANTAGE report released last week. Annual deal volume defied the trend, closing 9.6% higher at 1,062.In addition, venture-backed startups completed at least 51 debt deals last year to raise a total of $1.97 billion.Wallet-as-a-service platform Holywally received $1.2 million from US digital lender Zenus Bank last week. The startup had last announced a $1.4 million investment from Singapore-based fintech firm M-DAQ and other investors in February 2022.Indonesia-based insurtech startup Qoala received $920k last week from European investment firm Eurazeo in an extended Series B round. It had earlier secured $65 million in Series B funding in May 2022.The company has so far raised $7.5 million in Series B1 financing, with responsAbility and Indogen Capital among investors providing additional capital. According to Qoalas regulatory filings in Singapore, it could raise up to $10 million in the extended round.WasteX, the first venture out of Wavemaker Impacts climate-tech venture building programme, received another $250k from the VC last week.India-based fertility clinic operator IVF Access bagged $750k from Vertex Ventures Southeast Asia and India last week.Workforce management solutions provider StaffAny received a little over $381k from GGV Capital last week.