Deals of the week: Endowus secures funds; Oyika sets sight on greener lanes

THESE South-east Asian tech deals made headlines in the past week: 1. Endowus raises S$23 million in Series A funding

Digital wealth platform Endowus has secured S$23 million in Series A funding, led by Lightspeed Venture Partners, with participation from Softbank Ventures Asia.

This is the first external fund raising for the Singapore-based firm. Fresh funds will be used to expand in Asia, starting with Hong Kong.

2. Oyika raising US$100 million to roll out greener rides in Asean

Oyika (pronounced "oh e-car"), which offers leases on e-bike battery packs, is raising US$100 million to fuel its expansion plans in South-east Asia.

The startup offers a subscription for e-motorbikes, which also allows users to swap depleted batteries for fully charged ones. Half the funds will go into rolling out its battery-swap service for e-motorbikes in Indonesia; US$20 million to US$30 million for Vietnam, and the rest for research and development and software upgrading.

3. Nimbly raises US$4.6 million in pre-Series A round led by Insignia

Enterprise software startup Nimbly Technologies has raised US$4.6 million in a pre-Series A round led by Insignia Venture Partners, along with Silicon Valley-based Sovereign's Capital and Saison Capital, the corporate venture capital arm of Tokyo-listed Credit Saison.

Singapore-based Nimbly helps companies to monitor, manage and evaluate their business operations through a mobile platform. The fresh funding will be used to accelerate business growth across more markets in South-east Asia.

4. B Capital may allot 40 per cent of global fund to China

As much as 40 per cent of B Capital's US$1.9 billion global fund may be allocated to China. Currently, slightly more than half of the firm's global investments are in the US, while South and South-east Asia, Latin America and Europe make up the rest.

B Capital was founded by Facebook co-founder Eduardo Saverin and former Bain executive Raj Ganguly in 2015.