In today’s briefing:
- Circles.Life: A Fully Virtual Mobile Operator Targeting APAC’s Digital Natives
- East Ventures Leads $26m Round of Indonesian Agritech Firm
- Japan’s Corporate IT Operations Firm JOSYS Nets US$32M Funding, to Expand to Singapore
- Vietnamese D2C Apparel E-Commerce Startup Coolmate Banks US$2.3M, Plans IPO in 2025
- Japanese Virtual Office Platform Raises $32m for Market Expansion
Circles.Life: A Fully Virtual Mobile Operator Targeting APAC’s Digital Natives
- A fully virtual mobile operator which leases its 4G/5G networks to provide digital mobile services targeting mainly young digital natives.
- Circles.Life is known for offering very flexible plans with highly competitive pricing; it also offers its proprietary tech platform, Circles Global, as a B2B SaaS product.
- It was reported to be in early talks with a SPAC for a potential merger in July this year.
East Ventures Leads $26m Round of Indonesian Agritech Firm
- Gokomodo, an Indonesia-based agriculture supply chain platform, said it earned US$26 million in a series A round led by East Ventures.
- Gokomodo is a B2B startup that offers digital procurement, digital commerce, and distribution services.
- Its clients also have the option of buying competitive products through the company’s ecommerce storefront.
Japan’s Corporate IT Operations Firm JOSYS Nets US$32M Funding, to Expand to Singapore
- JOSYS is a B2B platform that streamlines corporate IT operations through automated management of IT devices and SaaS applications
- JOSYS, a Japanese company offering a B2B SaaS platform for corporate IT operations, has raised US$32 million in a funding round led by Global Brain Corporation
- With this money, JOSYS — a spin-off of the Tokyo Stock Exchange-listed RAKSUL — plans to strengthen its development wing in India and sales structure in Japan
Vietnamese D2C Apparel E-Commerce Startup Coolmate Banks US$2.3M, Plans IPO in 2025
- Coolmate says it has tripled its revenue over the past year and is on track to hit the US$19 million revenue milestone in 2022.
- As Vietnam’s e-commerce is expanding quickly and the country’s robust textile and garment industries are transforming through more consolidated value chains, Coolmate will utilise the new capital to achieve its 2022 sales target and plan for an IPO in 2025.
- Founded in early 2019, Coolmate employs the D2C e-commerce model (providing products directly through online channels) to cut the distribution costs in traditional retail.
Japanese Virtual Office Platform Raises $32m for Market Expansion
- Japan-based virtual office platform oVice has secured US$32 million in series B funding from an unspecified group of local and overseas investors.
- Launched in 2020, oVice’s software provides customizable virtual offices, classrooms, and event venues for companies disrupted by the pandemic.
- Currently, the firm has reported over US$6 million in annual recurring revenue and said it has long-term contracts with over 2,200 organizations.
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