{"id":62,"date":"2021-04-30T00:00:00","date_gmt":"2021-04-30T00:00:00","guid":{"rendered":"https:\/\/markupbackup.wordpress.com\/2021\/07\/21\/durians-daily-245-the-top-stories-in-april-on-funding-rounds-by-atomionics-friz-glints\/"},"modified":"2021-08-03T08:30:21","modified_gmt":"2021-08-03T08:30:21","slug":"durians-daily-245-the-top-stories-in-april-on-funding-rounds-by-atomionics-friz-glints","status":"publish","type":"post","link":"https:\/\/dailymarkup.com\/?p=62","title":{"rendered":"Daily Markup #245: The top stories in April on funding rounds by Atomionics, Friz, Glints, Bukalapak &#038; more"},"content":{"rendered":"<p>Welcome to another Daily Markup monthly roundup. This issue covers major stories in the month of April, plus more.<\/p>\n<p>Q1 of 2021 is starting off strong, with multiple announcements of funding rounds and acquisitions by 500-backed startups. We also look at strategic partnerships in space technology, healthcare, and more.<\/p>\n<figure class=\"wp-caption\"><img decoding=\"async\" data-width=\"810\" data-height=\"450\" src=\"https:\/\/dailymarkup.com\/wp-content\/uploads\/2021\/07\/img_60f7dac7d9d75.jpg\"><figcaption class=\"wp-caption-text\">Credit: Jeffbullas<\/figcaption><\/figure>\n<p><strong>Funding news<\/strong><\/p>\n<ul>\n<li><a href=\"http:\/\/www.atomionics.com\/\" target=\"_blank\" rel=\"noopener\">Atomionics<\/a>, a Singapore-based startup that aims to make navigation possible in areas where GPS doesn\u2019t work successfully closed a <a href=\"https:\/\/e27.co\/atomionics-raises-seed-funding-to-make-navigation-easy-in-areas-where-gps-doesnt-work-20210323\/\" target=\"_blank\" rel=\"noopener\">seed funding round<\/a>. More details <a href=\"https:\/\/bit.ly\/duriansdaily219\" target=\"_blank\" rel=\"noopener\">here<\/a>.<\/li>\n<li><a href=\"https:\/\/usefriz.com\/\" target=\"_blank\" rel=\"noopener\">Friz<\/a>, a fintech startup focused on financial services for freelancers, <a href=\"https:\/\/e27.co\/friz-raises-seed-funding-from-yc-500-durians-to-help-freelancers-better-manage-their-finances-20210405\/\" target=\"_blank\" rel=\"noopener\">raised an undisclosed amount<\/a> in pre-seed funding. Read <a href=\"https:\/\/bit.ly\/duriansdaily227\" target=\"_blank\" rel=\"noopener\">more<\/a>.<\/li>\n<li>Career platform <a href=\"https:\/\/glints.com\/\" target=\"_blank\" rel=\"noopener\">Glints<\/a> raised US$22.5 million in Series C funding. Co-founder and CEO Oswald Yeo said this is the <a href=\"https:\/\/techcrunch.com\/2021\/04\/05\/singapore-based-career-platform-glints-gets-22-5m-in-series-c-funding\/\" target=\"_blank\" rel=\"noopener\">largest funding round<\/a> to date for a talent platform in Southeast Asia. Details <a href=\"https:\/\/bit.ly\/duriansdaily228\" target=\"_blank\" rel=\"noopener\">here<\/a>.<\/li>\n<li><a href=\"https:\/\/www.reuters.com\/article\/us-bukalapak-funding\/indonesian-e-commerce-firm-bukalapak-raises-234-million-document-idUSKBN2C10IG?il=0\" target=\"_blank\" rel=\"noopener\">A report by Reuters<\/a> revealed that Indonesian e-commerce startup <a href=\"https:\/\/www.bukalapak.com\/\" target=\"_blank\" rel=\"noopener\">Bukalapak<\/a> raised US$234 million in capital in a funding round. This included <a href=\"https:\/\/kr-asia.com\/indonesias-state-investors-in-bukalapak-show-increased-confidence-in-local-startups\" target=\"_blank\" rel=\"noopener\">strategic investments<\/a> by the VC arms of two major banks in Indonesia, Bank Rakyat Indonesia (BRI) and Bank Mandiri. Find out more <a href=\"https:\/\/bit.ly\/duriansdaily239\" target=\"_blank\" rel=\"noopener\">here<\/a>.<\/li>\n<li>Super app <a href=\"https:\/\/www.grab.com\/\" target=\"_blank\" rel=\"noopener\">Grab<\/a> announced plans to <a href=\"https:\/\/www.grab.com\/sg\/press\/others\/grab-go-public-in-partnership-with-altimeter\/\" target=\"_blank\" rel=\"noopener\">go public in the United States<\/a>, facilitated by a partnership with Altimeter Growth, a special purpose acquisition company (SPAC). This is expected to be the largest-ever U.S. equity offering by a Southeast Asian company at US$40b. Read <a href=\"https:\/\/bit.ly\/duriansdaily233\" target=\"_blank\" rel=\"noopener\">more<\/a>.<\/li>\n<\/ul>\n<p><strong>Acquisitions<\/strong><\/p>\n<ul>\n<li>Fintech startup <a href=\"https:\/\/myfave.com\/\" target=\"_blank\" rel=\"noopener\">Fave<\/a> was acquired by Indian merchant platform Pine Labs <a href=\"https:\/\/techcrunch.com\/2021\/04\/13\/pine-labs-acquires-southeast-asian-startup-fave-for-45-million\/\" target=\"_blank\" rel=\"noopener\">in a US$45 million deal<\/a>. Both companies noted that the acquisition will help them accelerate their growth in the Asia region. Read <a href=\"https:\/\/bit.ly\/duriansdaily233\" target=\"_blank\" rel=\"noopener\">more<\/a>.<\/li>\n<li>Digital signage startup <a href=\"https:\/\/www.enplug.com\/\" target=\"_blank\" rel=\"noopener\">Enplug<\/a> has been <a href=\"https:\/\/www.businesswire.com\/news\/home\/20210330005928\/en\/Spectrio-Acquires-Enplug\" target=\"_blank\" rel=\"noopener\">acquired by Spectrio<\/a>, a marketing solutions provider based in Florida, US. More details <a href=\"https:\/\/bit.ly\/duriansdaily227\" target=\"_blank\" rel=\"noopener\">here<\/a>.<\/li>\n<\/ul>\n<p><strong>Strategic partnerships<\/strong><\/p>\n<ul>\n<li>Rocket startup <a href=\"https:\/\/www.gspacetech.com\/\" target=\"_blank\" rel=\"noopener\">Gilmour Space Technologies<\/a> joined forces with another Australian company in an agreement to <a href=\"https:\/\/www.gspacetech.com\/post\/gilmour-space-to-launch-fleet-satellites-in-2023\" target=\"_blank\" rel=\"noopener\">launch small satellites to orbit<\/a>. Find out <a href=\"https:\/\/bit.ly\/duriansdaily234\" target=\"_blank\" rel=\"noopener\">more<\/a>.<\/li>\n<li>B2B e-commerce startup <a href=\"https:\/\/retailo.co\/\" target=\"_blank\" rel=\"noopener\">Retailo<\/a> has <a href=\"https:\/\/www.maersk.com\/news\/articles\/2021\/03\/31\/retailo-signs-up-strategic-partnership-with-maersk\" target=\"_blank\" rel=\"noopener\">partnered with Maersk<\/a> for warehousing services in Pakistan, enabling Retailo to rely on Maersk for its expanding business needs. Details <a href=\"https:\/\/bit.ly\/duriansdaily227\" target=\"_blank\" rel=\"noopener\">here<\/a>.<\/li>\n<li>Out of hundreds of applicants, fintech platform <a href=\"https:\/\/curlec.com\/\" target=\"_blank\" rel=\"noopener\">Curlec<\/a> has been <a href=\"https:\/\/curlec.com\/post\/curlec-is-one-of-five-startups-across-apac-selected-for-visas-first-accelerator-program\/\" target=\"_blank\" rel=\"noopener\">selected as one of five startups<\/a> to be part of Visa\u2019s first-ever <a href=\"https:\/\/www.visa.com.sg\/visa-everywhere\/innovation\/apaccelerator.html\" target=\"_blank\" rel=\"noopener\">Accelerator Program<\/a> in Asia Pacific. Read <a href=\"https:\/\/bit.ly\/duriansdaily231\" target=\"_blank\" rel=\"noopener\">more<\/a>.<\/li>\n<li>A 3-year, multi-million dollar agreement between digital health startup <a href=\"https:\/\/www.prenetics.com\/\" target=\"_blank\" rel=\"noopener\">Prenetics<\/a>, University of Oxford, and Oxford Suzhou Centre for Advanced Research (OSCAR) has been signed <a href=\"https:\/\/www.ox.ac.uk\/news\/2021-04-20-oxford-university-and-prenetics-announce-landmark-collaboration-scale-rapid-testing\" target=\"_blank\" rel=\"noopener\">to further develop the OxLAMP\u2122 technology<\/a>, a rapid, molecular testing technology for infectious diseases. More details <a href=\"https:\/\/bit.ly\/duriansdaily241\" target=\"_blank\" rel=\"noopener\">here<\/a>.<\/li>\n<\/ul>\n<p><strong>Milestones<\/strong><\/p>\n<ul>\n<li>Xfers\u2019 tokenized Singapore dollar (XSGD), built on the Zilliqa blockchain, became the <a href=\"https:\/\/www.fxstreet.com\/cryptocurrencies\/news\/zilliqa-utility-hits-new-milestones-while-zil-price-prepares-for-45-blast-off-202103231119\" target=\"_blank\" rel=\"noopener\">third-largest tokenized currency<\/a> after the US dollar and the euro. Read <a href=\"https:\/\/bit.ly\/duriansdaily226\" target=\"_blank\" rel=\"noopener\">on<\/a>.<\/li>\n<li>Edtech startup <a href=\"https:\/\/lingokids.com\/\" target=\"_blank\" rel=\"noopener\">Lingokids<\/a> revealed it <a href=\"https:\/\/tech.eu\/free\/37527\/with-25-million-users-madrid-based-edtech-lingokids-tripled-growth-over-2020-looks-towards-rapid-expansion\/\" target=\"_blank\" rel=\"noopener\">tripled revenues in 2020<\/a>, reaching US$30 million. It also added over one million users per month and now has a customer base of 25 million registered users. Get the details <a href=\"https:\/\/bit.ly\/duriansdaily243\" target=\"_blank\" rel=\"noopener\">here<\/a>.<\/li>\n<\/ul>\n<p><strong>Other stories you may have missed:<\/strong><\/p>\n<ul>\n<li>Bangladeshi super app <a href=\"https:\/\/www.shohoz.com\/\" target=\"_blank\" rel=\"noopener\">Shohoz<\/a> signed an agreement with Paperfly, making Shohoz Truck the <a href=\"https:\/\/www.thedailystar.net\/toggle\/news\/shohoz-now-the-logistics-solution-partner-paperfly-2070305\" target=\"_blank\" rel=\"noopener\">nationwide one-stop logistics solution partner<\/a> of Paperfly.<\/li>\n<li>E-commerce marketplace <a href=\"http:\/\/carousell.com\/\" target=\"_blank\" rel=\"noopener\">Carousell<\/a> noted an interesting <a href=\"https:\/\/www.linkedin.com\/posts\/swtang_carousell-bicycles-searches-activity-6783231253601755137-Rolz\/\" target=\"_blank\" rel=\"noopener\">trend of buying and selling bicycles<\/a> in Hong Kong, Malaysia, and Singapore, with over 60,000 transactions in the second half of 2020.<\/li>\n<li><a href=\"https:\/\/www.rideneuron.com\/\" target=\"_blank\" rel=\"noopener\">Neuron Mobility<\/a> announced that their e-scooters have clocked up <a href=\"https:\/\/the-riotact.com\/neurons-e-scooters-clock-up-1-million-kilometres\/452675\" target=\"_blank\" rel=\"noopener\">1 million kilometers<\/a> since their introduction in Canberra in September last year.<\/li>\n<\/ul>\n<hr>\n<p><strong>Missed out the last Daily Markup? Go <\/strong><a href=\"https:\/\/dailymarkup.com\/\" target=\"_blank\" rel=\"noopener\"><strong>here<\/strong><\/a><strong> to check it out.<\/strong><\/p>\n<p><strong>You can also find us on <\/strong><a href=\"https:\/\/www.linkedin.com\/company\/500-durians\/\" target=\"_blank\" rel=\"noopener\"><strong>LinkedIn<\/strong><\/a><strong>, <\/strong><a href=\"https:\/\/www.facebook.com\/500durians\/\" target=\"_blank\" rel=\"noopener\"><strong>Facebook<\/strong><\/a><strong>, <\/strong><a href=\"https:\/\/twitter.com\/500Startups_SEA\" target=\"_blank\" rel=\"noopener\"><strong>Twitter<\/strong><\/a><strong>, and <\/strong><a href=\"https:\/\/www.instagram.com\/500durians\/?hl=en\" target=\"_blank\" rel=\"noopener\"><strong>Instagram<\/strong><\/a><strong>.<\/strong><\/p>\n<figure><img decoding=\"async\" data-width=\"400\" data-height=\"400\" src=\"https:\/\/dailymarkup.com\/wp-content\/uploads\/2021\/07\/img_60f7dac834bee.jpg\"><\/figure>\n<p>500 Startups is a venture capital firm on a mission to discover and back the world\u2019s 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.<\/p>\n<p><em>This post is intended solely for general informational or educational purposes only. 500 Startups Management Company, L.L.C. and its affiliates (collectively \u201c500 Startups\u201d) 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\u2019 markets, competitors, performance, and fundraising has been provided by those companies\u2019 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.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Welcome to another Daily Markup monthly roundup. This issue covers major stories in the month of April, plus more. Q1 of 2021 is starting off strong, with multiple announcements of funding rounds and acquisitions by 500-backed startups. We also look at strategic partnerships in space technology, healthcare, and more. Credit: Jeffbullas Funding news Atomionics, a [&hellip;]<\/p>\n","protected":false},"author":7,"featured_media":2019,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","footnotes":""},"categories":[321],"tags":[384,354,45,382,385,338,377,328,346,143,387,356,365,363,343,386],"class_list":["post-62","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-monthly-recaps","tag-atomionics","tag-bukalapak","tag-carousell","tag-curlec","tag-enplug","tag-fave","tag-friz","tag-gilmour-space","tag-glints","tag-grab","tag-lingokids","tag-neuron-mobility","tag-prenetics","tag-retailo","tag-shohoz","tag-xfers"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v19.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Daily Markup #245: The top stories in April on funding rounds by Atomionics, Friz, Glints, Bukalapak &amp; more - Markup<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/dailymarkup.com\/?p=62\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Daily Markup #245: The top stories in April on funding rounds by Atomionics, Friz, Glints, Bukalapak &amp; more - Markup\" \/>\n<meta property=\"og:description\" content=\"Welcome to another Daily Markup monthly roundup. This issue covers major stories in the month of April, plus more. Q1 of 2021 is starting off strong, with multiple announcements of funding rounds and acquisitions by 500-backed startups. We also look at strategic partnerships in space technology, healthcare, and more. Credit: Jeffbullas Funding news Atomionics, a [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/dailymarkup.com\/?p=62\" \/>\n<meta property=\"og:site_name\" content=\"Markup\" \/>\n<meta property=\"article:publisher\" content=\"http:\/\/facebook.com\/500southeastasia\" \/>\n<meta property=\"article:published_time\" content=\"2021-04-30T00:00:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-08-03T08:30:21+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/dailymarkup.com\/wp-content\/uploads\/2021\/07\/0NVD-RkkLF8ddznwW.jpeg\" \/>\n\t<meta property=\"og:image:width\" content=\"700\" \/>\n\t<meta property=\"og:image:height\" content=\"388\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Felicia Chia\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebSite\",\"@id\":\"https:\/\/dailymarkup.com\/#website\",\"url\":\"https:\/\/dailymarkup.com\/\",\"name\":\"Markup\",\"description\":\"Serving bite-sized news on 500 Southeast Asia&#039;s portfolio companies and insights to fuel your momentum in life and business.\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/dailymarkup.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/dailymarkup.com\/?p=62#primaryimage\",\"url\":\"https:\/\/dailymarkup.com\/wp-content\/uploads\/2021\/07\/0NVD-RkkLF8ddznwW.jpeg\",\"contentUrl\":\"https:\/\/dailymarkup.com\/wp-content\/uploads\/2021\/07\/0NVD-RkkLF8ddznwW.jpeg\",\"width\":700,\"height\":388},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/dailymarkup.com\/?p=62#webpage\",\"url\":\"https:\/\/dailymarkup.com\/?p=62\",\"name\":\"Daily Markup #245: The top stories in April on funding rounds by Atomionics, Friz, Glints, Bukalapak & more - Markup\",\"isPartOf\":{\"@id\":\"https:\/\/dailymarkup.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/dailymarkup.com\/?p=62#primaryimage\"},\"datePublished\":\"2021-04-30T00:00:00+00:00\",\"dateModified\":\"2021-08-03T08:30:21+00:00\",\"author\":{\"@id\":\"https:\/\/dailymarkup.com\/#\/schema\/person\/9500d05faff850f12de850d9051b7b67\"},\"breadcrumb\":{\"@id\":\"https:\/\/dailymarkup.com\/?p=62#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/dailymarkup.com\/?p=62\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/dailymarkup.com\/?p=62#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/dailymarkup.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Daily Markup #245: The top stories in April on funding rounds by Atomionics, Friz, Glints, Bukalapak &#038; more\"}]},{\"@type\":\"Person\",\"@id\":\"https:\/\/dailymarkup.com\/#\/schema\/person\/9500d05faff850f12de850d9051b7b67\",\"name\":\"Felicia Chia\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/dailymarkup.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/b574d076fbdac43064ec75a7d589d309319c819283cc558025e0ef88192ee849?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/b574d076fbdac43064ec75a7d589d309319c819283cc558025e0ef88192ee849?s=96&d=mm&r=g\",\"caption\":\"Felicia Chia\"},\"url\":\"https:\/\/dailymarkup.com\/?author=7\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Daily Markup #245: The top stories in April on funding rounds by Atomionics, Friz, Glints, Bukalapak & more - Markup","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/dailymarkup.com\/?p=62","og_locale":"en_US","og_type":"article","og_title":"Daily Markup #245: The top stories in April on funding rounds by Atomionics, Friz, Glints, Bukalapak & more - Markup","og_description":"Welcome to another Daily Markup monthly roundup. This issue covers major stories in the month of April, plus more. Q1 of 2021 is starting off strong, with multiple announcements of funding rounds and acquisitions by 500-backed startups. We also look at strategic partnerships in space technology, healthcare, and more. 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