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post-money convertible notes
Back in 2018, Y-Combinator (YC) updated their core investment instrument and launched what is now known as the post-money SAFE. We analysed the post-money SAFE back in 2020 – see…
Updated Singapore model VC documents
The template documents used in the venture capital ecosystem across Southeast Asia have been updated. Launched by the Singapore Academy of Law and the Singapore Venture & Private Capital Association…
kindrik partners advises hello clever on seed funding
Kindrik Partners is delighted to have advised Hello Clever on its recent AUD4.5 million pre-seed and seed funding round led by Vectr Ventures. Other funders included Yolo Investments and CrossFund.…
economic downturn and startup term sheets
The global economic downturn has inevitably hit the startup and venture capital ecosystem. Investors in startups, like everyone else, are impacted by falling stock prices and fund valuations, distracted from…
Jackett seed funding
Kindrik Partners advised edtech startup Jackett on its US$1 million seed funding round led by Forge Ventures. Entrepreneur First, Epic Angels Network, Carousell co-founder Siu Rui Quek, and OnLoop co-founder…
propseller series A round
Kindrik Partners is happy to have advised property technology company Propseller on its US$12 million series A round led by Vertex Ventures Southeast Asia and India. Other participants in the…
kindrik partners advises on SunGreenH2 seed funding round
Kindrik Partners is delighted to have advised cleantech startup SunGreenH2 on its US$2 million seed funding round. The round was led by SGInnovate. Vinci BV, Entrepreneur First, SOSV’s HAX, she1K,…
Kindrik Partners advises Merkle Science on series A round
Kindrik Partners is pleased to have advised cryptocurrency analytics platform Merkle Science on its US$24 million series A funding round. The round was co-led by BECO Capital, Darrow Holdings (an…
Kindrik Partners advises edamama on series A raise
We’re pleased to have advised Philippine based e-commerce platform edamama on its US$20 million series A funding round led by Alpha JWC. Existing investors Gentree Fund, Robinson Retail Holdings, Innoven…
Kindrik Partners advises SwipeRx on US$27 million series B funding
Kindrik Partners is pleased to have advised digital B2B pharmacy platform SwipeRx on its US$27 million series B funding round led by MDI Ventures. Other investors in the round included…
Kindrik Partners advises on GrowSari US$77.5M series C financing
Kindrik Partners is delighted to have advised Filipino e-commerce platform GrowSari on its US$77.5 million series C financing. Investors in this round include the International Finance Corporation, KKR, Wavemaker Partners…
Kindrik Partners advises on Sayurbox’s US$120 million series C financing
Kindrik Partners is delighted to have advised Indonesian agritech start-up Sayurbox on its US$120 million series C financing led by Northstar and Alpha JWC Ventures. Other investors participating in the…
Kindrik Partners advises Silent Eight on USD40million series B financing
We’re pleased to have advised Silent Eight on its US$40 million series B financing. The investment round was led by TYH Ventures and supported by HSBC Ventures, OTB Ventures, Wavemaker Partners, SC…
Kindrik Partners advises Funding Societies on series C+ financing
Kindrik Partners is pleased to have advised digital financing platform Funding Societies on its US$144 million series C+ funding round. The investment round was led by SoftBank Vision Fund 2,…
Kindrik Partners advises Appboxo on series A financing
We’re delighted to have advised Singapore-based Appboxo on its US$7 million series A funding round led by RTP Global. Existing investors, Antler and 500 Global, together with new investors SciFi…
kindrik partners advises shrimptech startup Jala on US$6m round
We’re pleased to have advised Jala, an Indonesian aquaculture startup improving the sustainability of the shrimp farming sector, on their recent US$6 million seed round. The round was led by…
kindrik partners advises cleantech startup DiviGas on US$3.6m seed round
We’re pleased to have advised DiviGas, a Singapore-based startup cleaning up the hydrogen production industry, on their recent US$3.6 million seed round.
kindrik partners advises vietnamese B2B e-commerce platform kilo on $5m pre-series A
We’re pleased to have advised Kilo, a Vietnam-based B2B e-commerce platform, on their recent $5 million pre-series A round. The round was led by Altos Ventures and January Capital. Other…
kindrik partners advises indonesian startup shoplinks on US$900k seed round
Our Southeast Asia team has advised Shoplinks, an Indonesian FMCG precision marketing platform, on its recent US$900,000 seed round. The round was led by Cocoon Capital and the Indonesian Women…
kindrik partners advises deep-tech startup ackcio on $4m series A round
Our Southeast Asia team has advised Ackcio, a Singapore-based startup that builds wireless monitoring solutions for industrial monitoring, on its recent $4m series A round. The round was led by…
kindrik partners advises AI-powered logistics startup portcast on US$3.2m pre-series A round
We’re pleased to have advised Portcast, a Singapore-based logistics startup, on its recent US$3.2m pre-series A round. The round was led by Imperial Venture Fund, a joint corporate VC vehicle…
kindrik partners advises privacy platform borneo on US$15.5m series A round
We’re pleased to have advised Borneo, a Singapore-based data security platform, on their recent US$15.5m Series A round.
kindrik partners advises foodtech startup Ai Palette on US$4.4m series A round
We’re pleased to have advised Ai Palette, a foodtech startup that uses machine learning to spot food trends, on their recent US$4.4m Series A round.
kindrik partners advises indonesian insurance marketplace lifepal on US$9m series A round
Our Southeast Asia team has advised Lifepal, a digital direct-to-consumer (D2C) insurance marketplace, on its US$9m series A funding round.
kindrik partners advises mentoring platform ADPList on US$1.3m seed round
Our Southeast Asia team have advised ADPList, a cross-border mentoring platform, on their recent US$1.3m seed round.
kindrik partners advises edtech startup shikho on US$1.3m seed round
Kindrik Partners recently advised Shikho, an edtech startup focused on making education accessible and affordable for Bangladeshi students, on its $1.3million seed funding round.
kindrik partners advises filipino startup edamama on US$5m pre-series A round
We’re pleased to have advised Edamama, an e-commerce platform targeted at mothers in the Philippines, on its recent US$5 million pre-series A round. Gentree Fund, Robinsons Retail Holdings, Kickstart Ventures,…
introducing: the startup guide to venture debt
Venture debt is fast becoming an alternative or complementary path for startups looking to get capital to accelerate their growth. We’ve created a new resource to help startups get their…
kindrik partners advises AI chatbot startup impress.ai on US$3m pre-series A round
Our Southeast Asia team have advised Singapore-based startup impress.ai on its recent pre-series A round. The round was led by Summit 29K with Seeds Capital, the investment arm of Enterprise…
kindrik partners advises e-commerce aggregator rainforest on US$36m seed round
Our Southeast Asia team have advised e-commerce aggregator Rainforest on its recently completed seed funding round. The round was led by Nordstar with Insignia Ventures Partners also participating. The round…
kindrik partners advises fave on acquisition by pine labs
We’re delighted to have advised Fave, the Malaysia-based fintech platform providing QR payments and loyalty cashback to restaurants and retailers, on its acquisition by Pine Labs, the Indian Sequoia-backed payment…
a primer on post-money SAFEs in Singapore
In the last few years, convertible notes have been frequently used on Singapore financings. Perhaps less common has been the use of SAFEs – the instrument created by Y-Combinator (YC)…
kindrik partners advise on seed funding round for greentech startup green li-ion
Our Southeast Asia team have advised greentech startup Green Li-ion on its US$3.45m seed funding round. The round was led by US-based cleantech company LiNiCo Corporation. Previously, Green Li-ion raised…
introducing our latest guide: top 10 legal templates for startups
We’ve created a new guide to help founders find their feet: Top Ten Legal Templates for Startups: A guide for companies based in Southeast Asia.
our 2020 wrap up: reflections and highlights from the singapore office
See ya, 2020. Don't let the door hit you on the way out. Partner Lee Bagshaw reflects on the year.
Kindrik Partners advises Monk’s Hill Ventures on series A financings
We’re pleased to have advised Singapore-based venture capital firm, Monk’s Hill Ventures (MHV), on two recent series A financings.
kindrik partners advises on seed funding round for fintech startup jazzypay
Our Southeast Asia team have advised Philippines-based fintech company JazzyPay on its seed funding round led by early-stage venture capital firm Cocoon Capital.
kindrik partners advises fintech startup neat on US$4m series a extension
We recently helped Neat, a Hong Kong based fintech startup, on a US$4 million extension to their US$11 million Series A round which closed earlier this year.
2020 half year capital raising numbers
Our capital raising lawyers in Singapore have had a busy first half of 2020, even as Covid-19 impacts globally on fundraising.
kindrik partners advises medtech startup see-mode technologies on US$7m series a
Our Southeast Asia team have advised See-Mode Technologies on its recently completed series A funding round. The round was led by Mass Mutual Ventures Southeast Asia.
kindrik partners advises qualgro as lead investor on series a round into hevo
Kindrik Partners recently advised Singapore-based venture capital firm Qualgro on its investment into data pipeline startup Hevo.
kindrik partners advises plant-based meat alternative startup karana on $1.7m seed round
Kindrik Partners recently advised Singapore-based alternative meat foodtech startup Karana on its $1.7million seed funding round.
kindrik partners advises fave on partnership with pine labs
We’re pleased to have advised Fave on its strategic partnership with Sequoia-backed payments and merchant platform, Pine Labs.
simmonds stewart to change name to kindrik partners
From Thursday 16 July 2020, Simmonds Stewart is changing its name to Kindrik Partners. Victoria Stewart, the firm’s chief executive, said “We are at a new stage in our company’s…
kindrik partners advises horizon quantum computing on US$3.2 million seed plus round
Kindrik Partners recently advised Singapore-based Horizon Quantum Computing with its seed-plus round led by Sequoia.
kindrik partners advises fintech services startup split on seed round
Kindrik Partners recently advised Split on its seed investment round led by 500 Startups.
kindrik partners advises quantum computing startup entropica labs on seed round
Kindrik Partners recently advised Entropica Labs on its seed investment round led by Elev8 VC.
SEA startups still raising capital in difficult times
For companies with a compelling offering we are still seeing a number of VCs with dry powder and a willingness to invest.
the founder’s guide to understanding down rounds
During the surge in VC activity and booming startup valuations in Southeast Asia, no one has needed to look at how down rounds work. The economic impact of Covid-19 may change that.
kindrik partners advises fintech startup neat on US$11m series a
We recently helped Neat, a Hong Kong-based fintech startup, raise US$11M in its Series A deal led by Pacific Century Group.
bridge financing for startups in an economic crisis
We’ve considered some of the issues around startups structuring bridge financing transactions in an economic crisis. Here's our rundown of what we think founders might face.
kindrik partners advises right-hand cybersecurity on US$1 million seed round
Our Southeast Asia team have recently advised Singapore-based startup Right-Hand Cybersecurity on its US$1 million seed round.
how covid-19 could affect your startup’s fundraising deal
The coronavirus is changing everything. But what if you are a startup in the middle of capital raising transaction? We’ve done a quick round up of things to consider, depending on what stage of the fundraising process you’re in.
our 2019 southeast asia capital raising numbers
It has been another incredible year of deal activity for the Kindrik Partners Singapore office, with 74 closed deals (c.f. 47 in 2018).
kindrik partners advises storehub on US$8.9 million investment
We recently helped long standing client Storehub raise US$8.9 million in a series A+ funding round led by Vertex Ventures.
kindrik partners advises medtech startup eko.ai on sequoia-led series A
Our Southeast Asia team have advised Singapore medtech company eko.ai on its US$4million series A financing.
reflections on the SEA tech ecosystem at the end of the year
Back in 2010 ride hailing apps were still being dreamed up. Now we’re debating whether we really have super apps in the region. One thing for sure is that VC activity has exploded in Southeast Asia. Here's what's happened for us.
top 5 takeaways for entrepreneurs from Temasek’s e-Conomy SEA report
We’ve summarised some of the key takeaways of the Temasek/Google report for Southeast Asian entrepreneurs in the internet economy space.
ask a vc: 500 startups
This week we’re speaking with Vishal Harnal at 500 Startups to find out their thoughts on the current state of the region’s startup and venture ecosystem.
ask a vc: Vickers Venture Partners
We’re speaking to Southeast Asia’s leading VC funds about the region's startup and venture ecosystem. This week we’re with Dr Damian Tan of Vickers Venture Partners.
kindrik partners advises hydroleap on US$1.9m funding round
We’re excited to have advised Singapore-based wastewater treatment startup Hydroleap on its US$1.9 million funding round led by Wavemaker Partners.
kindrik partners advises guardrails on S$1m seed funding round
Our Southeast Asia team have advised Singapore based Guardrails on its recently completed S$1 million seed funding round.
reflections on tech in asia (event recap)
We attended Tech in Asia in Jakarta, one of Southeast Asia’s premiere technology and startup events.
startup law 101: founders agreements, seed rounds and IP (event recap)
We recently collaborated with early stage venture capital fund TRIVE to run ‘Startup Law 101: Founders agreements, Seed Rounds and IP’. Read the recap here.
kindrik partners advises alodokter on US$33m series C funding round
We’re thrilled to have advised Indonesian healthtech startup Alodokter on its US$33 million series C funding round.
ask a VC: Openspace Ventures
This week we’re speaking with Hian Goh from Openspace Ventures on founders, startups he's got his eye on, and the state of the ecosystem.
ask a VC: Cocoon Capital
This week we’re speaking with Michael Blakey from Cocoon Capital on lopsided growth in the ecosystem, why they have their eye on Myanmar, and how to get a conversation with a VC.
ask a VC: Qualgro
We’re speaking to Southeast Asia’s leading VC funds. This week we’re talking with Peter Huynh from Singapore and ANZ-based venture capital firm Qualgro.
7 common pitfalls for startup founders
As startup lawyers, we tend to see when things go wrong more often than most. To save you having to untangle easily avoidable issues, we’ve created a list of common pitfalls for startup founders.
breaking down Atlassian’s M&A term sheet for founders
Atlassian made a splash in the tech M&A world recently by publishing their term sheet for strategic acquisitions. Here’s our rundown of things we like in the term sheet and what to watch for.
ask a VC: Insignia Ventures
We’re speaking to Singapore’s leading VC funds. This week we’re speaking to Yinglan Tan from Insignia Ventures.
ask a VC: Golden Gate Ventures
This week we’re speaking to Justin Hall from Golden Gate Ventures about the current state of the Southeast Asian startup and venture ecosystem.
ask a VC: Dymon Asia
We’re speaking to Singapore’s leading VC funds. This week we’re speaking to Jennifer Ho & Sabiha Sultan from Dymon Asia.
ask a VC: Monk’s Hill Ventures
We’re speaking to Singapore-based VC funds to hear their thoughts on the SEA startup and venture ecosystem. This week we're with Michele Daoud from Monk's Hill Ventures.
ask a VC: SeedPlus
We’re speaking to Singapore’s leading VC funds to find out about their thoughts on the current state of the Southeast Asian startup and venture ecosystem, and what they currently are…
announcing the launch of our new southeast asia website
We are excited to announce the launch of Kindrik Partners’s newly-designed website for Southeast Asian tech companies and startups. We believe in empowering entrepreneurs and tech companies by giving them…
kindrik partners advise on seed funding round for pencil
Our Southeast Asia team have advised Singapore based Pencil (Pencil Technologies) on its recently completed series seed funding round.
when it comes to vcs and deep tech
We attended Innovfest Unbound last week at Marina Bay Sands, which bought together more than 15,000 attendees across the tech sector. One of the areas of focus was on deep…
emerging industry trends for venture capital in Southeast Asia
It's been a busy first quarter of the 2019 financial year for the Kindrik Partners Singapore office, especially for venture capital fundraising. It’s early days but we can already see a few trends starting to emerge in VC markets this year.
meeting tech companies, founders, and investors at echelon 2019
We’ve recently staffed our first booth at Echelon Asia Summit, one of Southeast Asia’s premiere technology and startup events. It was exciting to chat with hundreds of startups, founders, investors,…
kindrik partners will be at echelon
Kindrik Partners will be appearing for the first time at the Echelon Asia Summit 2019 on May 23 and 24, Singapore’s leading tech conference. You’ll be able to find us in…
kindrik partners advises lifetrack on its US$5.2m series A round
Our Southeast Asia team have advised Singapore based healthtech company, Lifetrack Medical Systems on its US$5.2million series A round led by UOB Ventures Management and global health technology leader, Phillips. Lifetrack focuses…
introducing our SEA startup glossary
Who knows their liquidation preference from their co-sale right? There’s lots of jargon when it comes to startups and venture capital, and we find half the job for founders is…
lee interviewed by daniel song on asia VC podcast
Lee was recently interviewed by Daniel Song on Asia VC Cast. The popular podcast typically involves interviews with experienced venture capitalists and entrepreneurs to present insights on startup fundraising in…
free legal consultations for southeast asian startups
We’re excited to launch our latest initiative for tech startups in Southeast Asia – free online consultations. how it works Simply click on the booking link, find an available appointment…
new singapore model VC documents
The Singapore Academy of Law (SAL) and Singapore Venture Capital and Private Equity Association (SVCA) have collaborated to create industry standard documents for VC investments in Singapore. These Venture Capital…
fave raises US$20million series B financing round
Our Kindrik Partners Southeast Asia team has helped close another awesome VC deal. This time, Malaysia based Fave, on its US$20million series B financing round which included investment from Sequoia,…
antworks completes US$15m series A round with softbank
Our Southeast Asian team is pumped after helping Singapore based artificial intelligence company Antworks complete its series A round in late July. Antworks raised US$15m from the investment arm of…
experian leads $28million series C investment in c88
Our Kindrik Partners Southeast Asia team is thrilled to have advised fintech leader, C88 Financial Technologies, on its $28 million series C investment round led by Experian. The deal represents one of…
bambu deal
Our lawyers Chris Wilson and Sarah Yen recently advised Singapore-based fintech Bambu on its S$3 million series A round, which closed earlier this month. The round was led by Franklin Templeton Investments, a US…
new southeast asia startup templates
We’re excited to release eight new, free legal templates for Southeast Asian startups: a startup shareholders’ agreement a SAFE a KISS term sheet an advisor share agreement an m&a term sheet an intercompany loan…
introducing our map of the funding terms
One of the best resources available for startups in Singapore and Southeast Asia is Arnaud Bonzom and Florian Cornu’s Map of the Money. This maps out the funding ecosystem in…
impressions from singapore
Happy Chinese New Year, readers! As you might know from our newsletter, I arrived in Singapore in November of last year. Sorry Chris, your corner office is no longer exclusive…
evolving VC terms in southeast asia
No one’s talking about venture capital anymore – that boring old-fashioned way of raising money. With ICOs a threat to venture itself, you might think that VCs are going easier…
kindrik partners advise on alodokter – softbank deal
Lee Bagshaw and Chris Wilson have advised Indonesian based health-tech startup Alodokter on its USD9million series B funding round. The round was led by SoftBank Ventures Korea and follows the company’s USD2.5m series A…
kindrik partners advises prenetics on alibaba transaction
Our lawyers Lee Bagshaw and Chris Wilson advised Prenetics (a Hong Kong based startup making DNA testing products) on its USD40million investment round, led by Alibaba and Beyond Ventures amongst others.…
singapore venture series – jubilee capital
In a series of blogs we’re speaking to Singapore’s leading VC funds to find out about their thoughts on the current state of the Southeast Asian startup and venture ecosystem…
singapore venture series – seedplus
In a series of blogs we’re speaking to Singapore’s leading VC funds to find out about their thoughts on the current state of the Southeast Asian startup and venture ecosystem…
convertible note presentation
Last week Lee and I presented at Nanyang Technological University (NTU) in Singapore to a group of potential spin-out teams on raising capital by way of convertibles notes. It was great for us…
singapore venture series – monk’s hill ventures
In a series of blogs we’re speaking to Singapore’s leading VC funds to find out about their thoughts on the state of the Southeast Asian startup and venture ecosystem and…
