90 Seconds raises US$20 million Series B — [e27]
90 Seconds, an online platform to help companies manage the video production process, announced today it has raised a US$20 million Series B. Notable investors include SIG, Airtree Ventures, Sequoia India, Qualgro Venture Capital, Atami Capital and Right Click Capital.
The money will be used to improve its automation technology and scale its network of professionals on the platform.
The company claims to have over 12,000 creators in 160 countries on the platform. These include people who are videographers, directors, editors, animators, drone operators and photographers.
Validus raises US$15.2 million Series B — [e27]
Validus, a startup that pairs institutional and accredited lenders to SMEs, announced today it has closed a US$15.2 million Series B.
The fund was led by FMO, a dutch development bank, and this investment marks its first foray into Asia.
The other investors are a who’s who of brand name VCs and include Singapore’s Openspace Ventures (previously NSI Ventures), Temasek investment arm Vertex Ventures, Thailand’s AddVentures by SCG and Vietnam’s VinaCapital Ventures.
Insurtech startup Sunday raises US$10 million from Vertex — [e27]
Thailand-based insurtech firm Sunday has announced today that it has secured US$10 million funding in a round led by Vertex Ventures Southeast Asia and India. Aside from the funding, Sunday also provided equity with an unnamed insurance group that in return contributes its general insurance license for the company.
Sunday describes itself as an integrated sales and services platform designed to shift the insurance value chain towards the digital economy. The company argues that incumbent insurers currently act only as risk aggregators with limited understanding of capabilities to meet customers’ needs.
The company’s approach is driven by its AI-based and machine learning risk-prediction model, where it currently has an accurate risk-pricing product. Using multiple dimensions of an individual risk profile, the company is able to offer more personalised and affordable coverages for every customer segment.
Snaphunt raises US$1 million from Beenext — [Tech in Asia]
Snaphunt, an HR-related jobs marketplace, has raised US$1 million from Beenext, according to Tech In Asia.
One of the neat quirks of Snaphunt is how they handle the personal profile. Basically, it is set up as a means to more accurately match you with jobs. The twist is the profile remains private until the user actually applies for the job. This helps create a lot of control over how someone uses their online job profile.
For employers, Snaphunt has an algorithmic matching engine to help filter the best results to the top and make the follow-up process more seamless.
Hong Kong fitness app publisher raises US$1 million — [e27]
Animoca Brands Corporation Limited announced today that its Hong Kong-based subsidiary, OliveX Limited, has secured US$1 million funding from Alabaster and Antanas Guoga, who’s also known as “Tony G”.
The company said it will use the funding to advance OliveX’s body motion AI initiatives and potentially do app acquisitions.
The investors are Alabaster, which is a startup investor focused on companies that it believes will have a global impact, and Antanas Guoga, a Lithuanian businessman and a member of the E.U. parliament, who’s also the co-founder of Lympo.
Along with the investment, Alabaster founder Sonny Vu will also be a chairman of OliveX.