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Deals of the week: Temasek bets on cybersecurity; ESOP startup bags US$15m

Published Fri, Oct 8, 2021 · 04:56 PM

THESE tech deals made headlines in the past week:

Orca Security

Date announced: Oct 6    What it does: Cloud security    Headquarters: IsraelAmount raised: US$550 millionRound: Series C (extended)    Lead investor: Temasek    Other investors: SAIC, venture arm of Splunk Inc, ICONIQ Capital, Stripes, CapitalIG, Adams Street Partners    

uWave

Date announced: Oct 4        Business: Social network for studentsHeadquarters: SingaporeAmount raised: US$260,000Round: Pre-seedLead investor: –     Other investors: Carousell CEO Quek Siu Rui, Carro CEO Aaron Tan, Rainforest CEO J. J. Chai, GetGo CEO Ting Feng Toh, ex-Facebook director Andy Hwang    

Ula

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Date announced: Oct 4What it does: Business-to-business (B2B) e-commerce marketplace  Headquarters: IndonesiaAmount raised: US$87 millionRound: Series B    Lead investors: Prosus Ventures, Tencent, B Capital    Other investors: Bezos Expeditions, Northstar Group, AC Ventures, Citius, Lightspeed India, Sequoia Capital India, Quona Capital, Alter Global    

VFlowTech

Date announced: Oct 6    What it does: Energy storage solutions    Headquarters: SingaporeAmount raised: US$3 millionRound: Pre-Series A    Lead investor: Wavemaker Partners    Other investors: SEEDS capital, Sing Fuels, anonymous angel investors    

Qapita

Date announced: Oct 6    What it does: Employee stock options plan (Esop) management    Headquarters: SingaporeAmount raised: US$15 millionRound: Series A    Lead investors: East Ventures (Growth Fund), Vulcan Capital    Other investors: NYCA, MassMutual Ventures, Endiya Partners, Alto Partners, Partners of the Northstar Group, K3 Ventures, Mission Holdings, Anjali Bansal (founder of Avaana Capital), Sujeet Kumar (co-founder of Udaan)

TransTRACK.ID

Date announced: Oct 7    What it does: Fleet management platform    Headquarters: IndonesiaAmount raised: S$750,000Round: Seed    Lead investor: Cocoon Capital    Other investors: Indonesian Women Empowerment Fund    

Funding Societies

Date announced: Oct 7    What it does: SME digital financing platform    Headquarters: SingaporeAmount raised: US$18 million (debt)Round: –Lead investors: Helicap Investments, Social Impact Debt Fund, unnamed Japanese financial services group

Greywing

Date announced: Oct 7    What it does: Maritime intelligence provider    Headquarters: SingaporeAmount raised: US$2.5 millionRound: Seed    Lead investor: –     Other investors: Flexport, Transmedia Capital, Signal Ventures, Motion Ventures, Rebel Ventures, Y-Combinator, Entrepreneur First

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