Rising SE Asian startups this week: on-demand coffee, edtech, and more

Which are the startups that are on the path to becoming the next big thing? In this regular post, we give you an overview of the companies that have raised money in the past week, as well as those we think investors should look at.

1. Fore Coffee (Indonesia)

Fore Coffee, an online-to-offline specialty coffee startup, has secured a fresh round of funding. It will use the funds to purchase high-tech machines and develop more products. More info.

Amount raised: US$8.5 million

Investors: Led by East Ventures

2. Avanseus (Singapore)

Avanseus, a provider of predictive maintenance and intelligent monitoring solutions to clients around the world, has raised bridge financing. The capital will enable the startup to ramp up its global expansion efforts. More info.

Amount raised: US$1.3 million (via convertible notes)

Investors: Led by TNB Aura

3. Ryde (Singapore)

A local investment firm has provided fresh funding to Ryde, a ride-hailing app. The funds will help it expand its operations, develop more features, and grow its technical team. More info.

Amount raised: Undisclosed

Investor: Nomad X

4. TheBank.vn (Vietnam)

TheBank.vn, a fintech platform owned by Samo Media and Tech, has completed its first round of funding. The platform compares and sells financial products, and also connects users to financial advisors. More info.

Amount raised: Undisclosed

Investors: CyberAgent Capital and Ncore Ventures

5. The Fit Company (Indonesia)

The Fit Company has nabbed seed funding, which it will use to develop a mobile app and website and build its senior management team. The company has five units, including an e-commerce site, a fitness center, and a noodle brand. More info.

Amount raised: Undisclosed

6. Atap.co (Malaysia)

7. Kyna (Vietnam)

8. EuroSports Technologies (Singapore)

9. JustCo (Singapore)

10. Xseed Education (Singapore)

11. Dacsee (Malaysia)