As the COVID-19 pandemic intensified in this end of 2020, the South-East Asia startup ecosystem is forced to adapt to meet the changing landscape. However, while the outlook might have seemed grim, many startups were able to find opportunities for growth, especially in online markets.
The businesses on our upcoming list of “South-East Asia’s 20 Most-Funded Smartups” have raised more than $388 million in combined total funding between October and November 2020. More than half of that funding was secured by the Top10 startups, amounting to around $374 million. In order to qualify for the list, startups had to be no more than 5 years old. They had to have raised at least $0.5 million in total funding from external investors, excluding founders’ shares and loans. Cut off for funding was November 16, 2020.
Congrats to our Top20:
- Flash Express 200M$
- CARRO 110M$
- Silent Eight 15M$
- EVOS Esports 12M$
- PayMongo 12M$
- VNTRIP OTA 7M$
- WEBUY 6M$
- SWAG EV 5M$
- Persistence 4M$
- Ion Mobility 3M$
- Lanturn 3M$
- gush 3M$
- Zero-Error Systems (ZES) 2M$
- Next Gen Foods 2M$
- GoGet.my 2M$
- F99 Vietnam 1M$
- Tourplus 1M$
- Propseller 1M$
- Reality Detector 0.5M$
- Codemi ?M$
Smartups by Region:
- 🇹🇭 Bangkok Flash Express 200M$
- 🇸🇬 Singapore CARRO 110M$, Silent Eight 15M$, WEBUY 6M$, SWAG EV 5M$, Persistence 4M$. Ion Mobility 3M$, Lanturn 3M$, gush 3M$, Zero-Error Systems (ZES) 2M$, Next Gen Foods 2M$, Propseller 1M$, Reality Detector 0.5M$
- 🇮🇩 Jakarta EVOS Esports 12M$, Codemi ?M$
- 🇵🇭 Manila PayMongo 12M$
- 🇲🇾 KualaLumpur GoGet.my 2M$, Tourplus 1M$
- 🇻🇳 Saigon VNTRIP OTA 7M$, F99 Vietnam 1M$
Our Linkedin groups:
- 🇸🇬 Singapore https://lnkd.in/dRYmwEj
- 🇮🇩 Jakarta https://lnkd.in/d4VrBD5
- 🇵🇭 Manila https://lnkd.in/dGHBnbV
- 🇲🇾 Kuala Lumpur https://lnkd.in/dtHRXUB
- 🇹🇭 Bangkok https://lnkd.in/dAgTVGV
💸🚀 Our list of “20 Most-Funded Smartups In South East Asia” 🇹🇭 🇸🇬 🇮🇩 🇵🇭 🇲🇾 🇻🇳 , highlights the smart-ups that have managed to pull in millions in investor dollars. Here are the top 20 which have raised a total of $388 Million in external funding in November 2020.
Congrats #smartup #smartcity for recent funding: Flash Express 200M$ CARRO 110M$ Silent Eight 15M$ EVOS Esports 12M$ PayMongo 12M$ VNTRIP OTA 7M$ WEBUY 6M$ SWAG EV 5M$ Persistence 4M$ Ion Mobility 3M$ Lanturn 3M$ gush 3M$ Zero-Error Systems (ZES) 2M$ Next Gen Foods 2M$ GoGet.my 2M$ Propseller 1M$ Tourplus 1M$ F99 Vietnam 1M$ Reality Detector 0.5M$ Codemi ?M$
#SECSmartUp #smartergreenertogether #smartecocities #startup #innovation #funding #Asia #SouthEastAsia #Bangkok #Thailand #Saigon #Vietnam #Manila #Philippines #KualaLumpur #Malaysia #Smartnation #Singapore #Indonesia #Jakarta #smartcity #smartcities #smartdistrict #smartgrid #smarthome #smartindustry #urbantech #IoT #blockchain #5G #artificialintelligence #bigdata #opendata #openinnovation #cybersecurity #biotech #cleantech #fintech #healthtech #biotech #proptech #emobility
Source:
- https://www.linkedin.com/posts/forbesmiddleeast_forbesmemfstartup-activity-6719233780718034944-trMP
- https://medium.com/@vantagecapital/list-of-top-15-active-early-stage-investors-in-southeast-asia-during-covid-19-fe7bfcbb141f
- https://medium.com/idinvestpartners/asean-tech-digest-47-fc43431f7964
