Daily Markup #255: Horangi one of first APAC cybersecurity firms on Amazon Web Services; Haulio grows 261% & reduces carbon emissions; RedDoorz to double accommodations in the Philippines

Credit: Horangi

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  • 500-backed cybersecurity startup Horangi will extend its services in Southeast Asia via Amazon Web Services (AWS) Marketplace. This makes the startup one of the first Asia Pacific (APAC) companies to do so in the digital catalog.
  • With this, organizations gain access to a cost-effective and scalable way to adopt and deploy Horangi’s cybersecurity solutions.
  • Horangi has also partnered with Information Communication Technology (ICT) products and solutions distributor Synnex Metrodata in Indonesia to distribute Warden, its flagship cloud security solution.
  • These 2021 milestones follow a US$20 million Series B fundraise and 70 new projects across 2020.
  • Read the full press release on Horangi here.
Credit: NUS Enterprise

Driving positive change

  1. Its user base grew 261% year-on-year (YoY), crossing 25% in market share by truck count.
  2. Revenue also grew 12.5x YoY, breaking its revenue records.
  3. The startup completed its first year in its new market, Thailand, growing 59% quarter-on-quarter in twenty-foot equivalent container units (TEUs).
  4. Overall TEU growth YoY soared 363%.
  5. The startup recorded its first revenues from value-added services to haulers such as financing. It expects to grow this segment rapidly this year.
  6. To date, Haulio has helped optimize over 100,000 containers, saving 1,314 metric tons of carbon emissions through job matching and resource pooling.
  • Read the full performance report on Haulio here.
Credit: RedDoorz @ EDSA Pasay / Booking.com

Making room for more

  • 500-backed hospitality startup RedDoorz Philippines is looking at doubling its accommodation listings from 220 to at least 400 next year, its country manager Miguel Capistrano III said. According to the startup, it will focus on destinations with looser restrictions.
  • Over the pandemic, RedDoorz has catered to clients undergoing isolation and quarantine. Even TV production teams are looking to shoot under a bubble.
  • It has also been assisting partner hotels in securing accreditations and implementing a set of cleanliness, hygiene, and sanitation protocols through its HygienePass Certification Program.
  • Read the full article here.

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500 Startups is a venture capital firm on a mission to discover and back the world’s most talented entrepreneurs, help them create successful companies at scale, and build thriving global ecosystems. In Southeast Asia, 500 Startups invests through the pioneering 500 Southeast Asia family of funds. The 500 Southeast Asia funds have backed over 240 companies across multiple sectors from internet to consumer to deep technology. It continues to connect founders with capital, expertise and powerful regional and global networks to help them succeed.

This post is intended solely for general informational or educational purposes only. 500 Startups Management Company, L.L.C. and its affiliates (collectively “500 Startups”) makes no representation as to the accuracy or information in this post and while reasonable steps have been taken to ensure that the information herein is accurate and up-to-date, no liability can be accepted for any error or omissions. All third party links in this post have not been independently verified by 500 Startups and the inclusion of such links should not be interpreted as an endorsement or confirmation of the content within. Information about portfolio companies’ markets, competitors, performance, and fundraising has been provided by those companies’ founders and has not been independently verified. Under no circumstances should any content in this post be construed as investment, legal, tax or accounting advice by 500 Startups, or an offer to provide any investment advisory service with regard to securities by 500 Startups. No content or information in this post should be construed as an offer to sell or solicitation of interest to purchase any securities advised by 500 Startups. Prospective investors considering an investment into any 500 Startups fund should not consider or construe this content as fund marketing material. The views expressed herein are as at the date of this post and are subject to change without notice. One or more 500 Startups fund may have a financial interest in one or more of the companies discussed.

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