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Secured funding for Notti Pet Food, acquisition of Singapore-based Sparkline by Japan's Ayudante, USD 30 million loan from Norfund to SeABank, and additional briefs on business developments

Latest roundup of investment transactions and ventures happening across Asia Pacific regions.

Funding secured for Notti Pet Food, Ayudante buys Sparkline in Singapore, SeABank receives a USD 30...
Funding secured for Notti Pet Food, Ayudante buys Sparkline in Singapore, SeABank receives a USD 30 million loan from Norfund, and additional deals detailed.

Title: Notable Funding Rounds and Acquisitions in Southeast Asia

Secured funding for Notti Pet Food, acquisition of Singapore-based Sparkline by Japan's Ayudante, USD 30 million loan from Norfund to SeABank, and additional briefs on business developments

In the dynamic world of tech startups, Southeast Asia continues to attract significant investments and acquisitions. Here's a roundup of recent developments:

OrbitShift Secures Seed Funding

OrbitShift, a comprehensive sales management platform based in Singapore, has raised $7 million in seed funding. The round was co-led by Peak XV's Surge and Stellaris Venture Partners. OrbitShift's platform caters to sales, pre-sales, sales operations, and marketing teams, offering account insights, RFP and RFI response generation, key account planning, and targeted pitch content generation.

Notti Pet Food Secures Seed Funding in Malaysia

Notti Pet Food, a US-based pet food brand focused on using real, fresh, human-grade ingredients, has raised MYR 2.4 million (approximately $560,000) in seed funding from 500 Global and First Move. While Notti Pet Food has not publicly disclosed extensive financing rounds in Malaysia, this investment marks a step towards expanding its product distribution and community engagement initiatives in the region.

Sparkline Expands GMP Services

Singapore-based Sparkline, a digital marketing business and certified partner and reseller of Google Marketing Platform (GMP), plans to expand its certified GMP services to businesses in the Philippines. This move is expected to strengthen Sparkline's presence in the region and provide businesses with advanced digital marketing solutions.

Quidich Innovation Labs Secures Series A Funding

Indian sports broadcasting solutions provider Quidich Innovation Labs has raised an undisclosed amount in a Series A funding round led by Centre Court Capital. 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.

Buyandship Raises Funds for Series B Extension

Buyandship, a Hong Kong-based cross-border e-commerce enabler, has raised $6 million in an extension to its Series B round, led by Altara Ventures. This investment will support Buyandship's continued growth and expansion in the e-commerce sector.

Acquisitions in the Region

Ayudante, a Japanese digital marketing and measurement company, has acquired Singapore-based Sparkline. This acquisition underscores the growing interest of multinational companies in Southeast Asia's tech ecosystems.

In the financial sector, Norfund, the Norwegian investment fund for developing countries, granted a $30 million convertible loan to SeABank to provide additional capital to support retail banking customers and small and medium enterprises in Vietnam.

Meanwhile, Amartha, a Jakarta-based microfinance fintech platform, secured $17.5 million in equity investment from the Accion Digital Transformation Fund. Travel Wallet, a South Korean fintech company, raised $10 million from Lightspeed.

Investors in Malaysia

For startups planning expansion in Malaysia, potential investors could include MALA (Malaysia Angel Investors Network), 500 Startups Malaysia, Cradle Fund, CVC Capital Partners, and industrial partners from the pet care sector such as Mars Petcare, Nestlé Purina, or local pet food providers.

In cases where public information is scarce, direct communication with the target company, local industry events, startup databases, professional networks, and official company websites can provide valuable insights.

As of now, there are no confirmed reports of Notti Pet Food completing a financing round in Malaysia or of the investors supporting such a move. Regularly checking the mentioned sources and official company websites will provide updates should the situation change.

If you require information about a specific industry or company investing in Malaysia, feel free to ask!

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