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Investments

3

Portfolio Exits

1

About AccelerAsia Ventures

AccelerAsia Ventures is the hands-on investment arm of AccelerAsia, a business development firm that drives the expansion of fast-growing tech companies into Asia-Pacific and the Middle East.

AccelerAsia Ventures Headquarter Location

30 Bukit Pasoh Road

089844,

Singapore

+65 6223 7221

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Latest AccelerAsia Ventures News

To expand industrial monitoring applications, Ackcio raised US $3 M in Series A

Sep 17, 2021

Ackcio, a deep tech business that develops wireless data capture technologies for industrial monitoring, has raised S $4 million (US $3 million) in a Series A investment round headed by Atlas Ventures, a Singapore-based venture capital firm. Enterprise Singapore, Wavemaker Partners, Aletra Capital Partners, AccelerAsia Ventures, Seasight Holdings, and angel investors are among the other participants. The Singapore-based company plans to utilize the additional funding to accelerate its regional expansion, enhance its research and development activities, and expand into new industry verticals, according to a news release. This strategy involves new sales, engineering, and operations recruits from all around the world, including Asia, the Americas, and Europe. In the Middle East, Africa, and Oceania, Ackcio will also grow its client and partner network. “This new round of funding will enable us to expand our offerings and continue supporting our customers to make industrial operations smarter and safer,” said Nimantha Baranasuriya, co-founder and CEO of Ackcio. Baranasuriya and Mobashir Mohammad founded Ackcio in 2016 to deliver cutting-edge, long-range, mesh-based wireless monitoring solutions to industries including construction, infrastructure, rail, and mining. Its solution enables firms to boost operational efficiency, decrease costs, improve worker safety, and comply with local regulatory requirements by allowing contractors to oversee geotechnical projects remotely in real time. Ackcio rises to the occasion of industrial digitalisation, according to Baranasuriya, as the COVID-19 epidemic heightened the requirement for worker safety and remote operations. Over the previous year, the company claims to have grown its client base to 22 areas on six continents, resulting in a considerable increase in revenue. “Most existing solutions for industrial monitoring are manual, costly, and unreliable,” says Maxim Shkvaruk, investment director at Atlas Ventures. “Accio is one of the very few companies in the world that addresses the issue by providing a real-time, wireless monitoring solution for sensors in harsh environments.“ The company also plans to grow into other asset-heavy industries including oil and gas, energy, and power infrastructure, where data-driven risk management is at the heart of smarter and quicker operations. Wavemaker Partners and Michael Gryseels were co-led investors in Ackcio’s pre-Series A funding round last year. SHARE

AccelerAsia Ventures Investments

3 Investments

AccelerAsia Ventures has made 3 investments. Their latest investment was in Ackcio as part of their Series A on September 9, 2021.

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AccelerAsia Ventures Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

9/16/2021

Series A

Ackcio

$3M

No

3

6/29/2020

Seed VC

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10

10/11/2018

Seed VC

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10

Date

9/16/2021

6/29/2020

10/11/2018

Round

Series A

Seed VC

Seed VC

Company

Ackcio

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Amount

$3M

New?

No

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Co-Investors

Sources

3

10

10

AccelerAsia Ventures Portfolio Exits

1 Portfolio Exit

AccelerAsia Ventures has 1 portfolio exit. Their latest portfolio exit was hoolah on November 01, 2021.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

11/1/2021

Acquired

$99M

16

Date

11/1/2021

Exit

Acquired

Companies

Valuation

$99M

Acquirer

Sources

16

AccelerAsia Ventures Team

1 Team Member

AccelerAsia Ventures has 1 team member, including current Managing Director, Vincent Veehof.

Name

Work History

Title

Status

Vincent Veehof

Managing Director

Current

Name

Vincent Veehof

Work History

Title

Managing Director

Status

Current

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