Notti Pet Food secures seed funding to elevate pet health and nutrition standards in Southeast Asia
Notti Pet Food, a Malaysian brand offering premium pet food, has raised MYR 2.4 million of seed funding from 500 Global and First Move.
In a statement, Notti said it will use the funds to expand its product distribution across Southeast Asia and enhance its community engagement initiatives.
The company is known for its commitment to using real, fresh, human-grade ingredients, aiming to improve pet health and nutrition standards in the region. Notti also actively participates in trap-neuter-return (TNP) programs and charitable causes to support animal welfare.
Japan’s Ayudante acquires Singapore-based Sparkline
Ayudante, a Japan-based digital marketing and measurement company, has acquired Singapore-based Sparkline, making it a wholly-owned subsidiary. Sparkline is a digital marketing business and certified partner and reseller of Google Marketing Platform (GMP).
This acquisition underscores the growing interest of multinational companies in Southeast Asia’s tech ecosystems. Sparkline plans to expand its certified GMP services to businesses in the Philippines, aligning with the increasing demand for data analytics and digital marketing solutions driven by the government’s digital transformation initiatives.
The collaboration between Ayudante and Sparkline will also focus on multilingual search engine optimization (SEO) and digital marketing. Together, they aim to enhance data development, automation, and digital marketing services, leveraging advancements in generative artificial intelligence.
Norfund grants convertible loan to SeABank to support SMEs and retail banking in Vietnam
Norfund, the Norwegian investment fund for developing countries, has granted a USD 30 million convertible loan to Southeast Asia Commercial Joint Stock Bank (SeABank).
The loan, convertible into common shares within four years, aims to provide additional capital to support retail banking customers and small and medium enterprises in Vietnam.
Travel Wallet secures USD 10 million from Lightspeed
Travel Wallet, a South Korean fintech company specializing in payment solutions, has raised USD 10 million from Lightspeed.
The funds will be used to enhance its platform and expand its market reach.
Mori Capital leads angel investment in Uniontronic
Uniontronic, a Chinese developer of high-power ultrasonic equipment, has secured a multimillion RMB sum of angel funding in a round led by Mori Capital. —36Kr
Centre Court Capital leads Series A investment in Quidich Innovation Labs
Quidich Innovation Labs, a sports broadcasting solutions provider based in India, has raised an undisclosed amount in a Series A funding round led by Centre Court Capital, with participation from other investors.
The funds will be used to accelerate the development of Quidich’s flagship product, Spatio, a real-time data visualization tool for sports broadcasts and events. Quidich also plans to utilize the funds to expand its technology team and enhance its offerings.
OrbitShift secures USD 7 million in seed round
OrbitShift, an AI-powered sales management platform, has secured USD 7 million in seed funding. The round was co-led by Peak XV’s Surge and Stellaris Venture Partners.
Founded in 2022, OrbitShift provides a comprehensive platform that empowers sales, pre-sales, sales operations, and marketing teams with account insights, RFP and RFI response generation, key account planning, and targeted pitch content generation.
The funding will be used to expand OrbitShift’s customer base and enhance its product offerings.
Buyandship, Peak3, Amartha, and more led yesterday’s headlines:
- Buyandship, a cross-border e-commerce enabler based in Hong Kong, raised USD 6 million in an extension to its Series B round. Led by Altara Ventures, other investors include KSK Angels, AVA Angels, and Venture University.
- Peak3 (formerly known as ZA Tech), a digital and cloud solutions provider for the insurance industry, raised USD 35 million in a Series A funding round. The round was led by EQT and included participation from Alpha JWC Ventures.
- Amartha, a Jakarta-based microfinance fintech platform, secured USD 17.5 million in equity investment from the Accion Digital Transformation Fund.
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