Livspace, Beam and Nium secure capital and other updates

Interior design and renovation firm Livspace received $156.6 million last week under its Series F, according to its regulatory filings.

lead investor KKR pumped out $148 million, while Peugeot investments paid the remaining $8.26 million.

Livspace had announced a $180 million Series F round in February, which catapulted it into the unicorn club. Other investors in the round include Ingka Group Investments ($11.4 million), Venturi Partners (nearly $6 million), and Jungle Ventures ($6 million).

Livspace shares were priced at $606.37 each in the final round. Following the funding round, the startup appointed Gaurav Trehan, partner and CEO of KKR India, as its board director.

Main shareholders of Livspace

Source data ADVANTAGE

Meanwhile, Singapore-based shared micro-mobility company Beam received $22.3 million from its Series B investors, including Affirma Capital, Sequoia Capital India and Hana Ventures, last week. It has also issued Series B shares to convertible bondholders including EDB Investments, Sea Frontier Fund (AC Ventures), ICT Capital and Momentum Venture Capital.

The company, which operates electric scooters and e-bikes in Malaysia, Thailand, South Korea, Australia and New Zealand, announced the $93 million Series B in February.

lead investor Affirm Capitalwhich has invested $14.1 million so far, will invest an additional $15.8 million in the startup and subscribe for convertible notes as part of Series B, according to Beam’s regulatory filings.

Global funds target investments in Southeast Asia

Southeast Asia continues to attract global fund managers, who are increasingly including the market in their investment mandates.

According to a DealStreetAsia report on venture capital fundraising in 2021, a total of 19 global funds with allocations in Southeast Asia reached their final close last year. Although their allocations to the region remain small, the number of these funds has almost doubled, from 10 in 2020 to just five in 2019.

The total corpus of global funds with allocations to Southeast Asia reached $5.89 billion in 2021, up 47% from $3.98 billion in 2020.

Final closings by global funds with a mandate to invest in Southeast Asia

Other DATA Updates ADVANTAGE

B2B payment platform nium received $5 million from Moore Strategic Ventures late last week as part of its Series D+ fundraising. The latest funding brings its total to nearly $8 million.

The cycle includes a mixture of primary and secondary transactions. NewView Capital, a spin-out of New Enterprise Associates (NEA), bought Nium shares from co-founder and CEO Prajit Nanu, Global Founders Capital and Rocket Internet this month. Moore Strategic also purchased shares of GSR Ventures in secondary transactions.

Electronics market Reebelo received $3.26 million last week as part of its $20 million Series A round. The round included $18.5 million in new equity and an allotment of Series A shares worth $1.5 million to convertible bondholders.

Singapore-based online payment provider Red Dot Payment has received $1 million from its largest shareholder PayU, the fintech arm of Naspers. The add-on follows a similar capital injection in October 2021 by PayU, which now owns a 72.5% stake in the startup.

Digital asset exchange Zipmex received $2.4 million this week from Series B investors, including TNB Aura and MindWorks Ventures. The company had announced the $41 million funding in November last year.

Sleekr, an Indonesian HR tech startup that is part of SaaS company Mekari, recorded another round of side deals last week. WeTwo Pte, an entity controlled by Mekari chief product officer Daniel Witono, sold its shares in the startup to buyers including a Japanese fintech. Money transfer and Indonesian venture capital firm Capital Mandiri.

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