Singapore's Sea Ltd secures $6 billion in mega fund raising
Summary
A lanyard showing logos of Southeast Asian e-commerce and gaming group Sea Ltd is pictured at their office in Singapore, March 5, 2021. Sea operates the popular e-commerce site Shopee, which has been expanded through Asia and Latin America, and the company is pushing into Europe by opening in Poland, Reuters reported. Shares of Sea, Southeast Asias most valuable listed company by market capitalisation, were up 1.6% in pre-market trade on Friday. Seas shares recorded a nearly five-fold jump last year amid strong demand as pandemic-related restrictions kept people indoors. But one analyst questioned the need to raise funds given the company had $7 billion on its balance sheet at the end of June.
Funding
Amount
$3.5B
Total raised
Date
September 9, 2021
Announcement date
Investors
Reuters Venture Capital
Lead investors
Company
https://www.sea.com/home
Funded company
Classifications
industries
Fintech & Banking
applications
Accounting and Taxes
AskAI Classifications
Labels
Legal Tech
Tax Software
Compliance Software
Linked Companies
Liquid Engines
up to $1M
Thomson Reuters
$1B+