Singapore-based parenting network Supermom received over $6 million in Series A funding last week, according to regulatory filings.
The company had announced the round in January. Lead investor Qualgro Partners contributed $3.7 million to the round, which was joined by AC Ventures and Farquhar VC.
Supermom enables parents to discover crowdsourced parenting tips, best practices, and product reviews. It claims to have a network of 20 million parents from over 1,000 social communities in Southeast Asia. The company also provides data and consumer insights to over 200 brands, including Kimberly Clark, Procter & Gamble and Philips.
Supermom reported a 66.7% surge in revenue for the financial year that ended Dec 31, 2021. It also turned profitable during the period, according to DATA VANTAGE.
Top shareholders in Supermom
Source: DATA VANTAGE
Singapore-headquartered agritech startup Agros allotted shares worth $2.65 million to Wavemaker Impact, Gaia Impact Fund, Schneider Electric Energy Access Asia and other investors. The allotment is part of a $2.7 million pre-Series A round announced earlier this month.
Founded in 2019, Agros focuses on sustainable horticulture by small and medium-sized farmers in Asia. It claims its products can reduce fuel dependency and soil degradation.
Other updates from DATA VANTAGE
ANEXT Bank, a wholly owned subsidiary of China’s Ant Group, received S$250 million in fresh capital infusion last week. The digital wholesale bank commenced operations in June 2021 after securing a licence from the Monetary Authority of Singapore in 2020.
Restaurant management solutions provider TabSquare received another $1.2 million from parent Delivery Hero last week.
Singapore-based WiseFX, which provides cross-border payments services to corporates, received $3.77 million from parent Tencent Holdings last week.
Singapore-based AlterPacks, which turns food waste into takeout containers, received $871,660 in pre-seed funding last week from Earth Venture Capital, SEEDS Capital, Plug & Play APAC and angel investor Alice Foo.
Virtual diagnostic tools provider Tricog Health received $1 million from Inventus Capital last week, bringing its ongoing round total to $8.5 million.
Indian blockchain-based fan engagement startup STAN received $150k from Eximius Ventures last week. The funding is part of a $2.5 million seed funding announced last year.