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BEENEXT company logo
Venture Capital
FINANCE | Investment Firms & Funds
beenext.com

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Investments

291

Portfolio Exits

15

Funds

5

About BEENEXT

BEENEXT is a US$80M (Fund1) and US$95M (Fund2) sized venture capital fund managed by Teruhide Sato, Hironori Maeda, and Dirk Van Quaquebeke. Their prior investments include Tokopedia, Midtrans, CitrusPay, Droom, Akakce, Instacart, Heap, Fril, SmartHR, and Grey Orange Robotics. The firm focuses on assisting founders with operational experience, network, trust, unique perspectives, and capital.

BEENEXT Headquarter Location

1 Raffles Place #13-01, One Raffles Place

Singapore, 048616,

Singapore

+65 8808 1138

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BEENEXT Web Traffic

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Page Views per User (PVPU)
Page Views per Million (PVPM)
Reach per Million (RPM)
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BEENEXT Rank

Research containing BEENEXT

Get data-driven expert analysis from the CB Insights Intelligence Unit.

CB Insights Intelligence Analysts have mentioned BEENEXT in 1 CB Insights research brief, most recently on Jul 24, 2019.

Latest BEENEXT News

Tiger Global, Sequoia led $12 M secured by Cross-border payments startup PayGlocal

Jun 22, 2022

PayGlocal, a payment solutions company, has secured $12 million in a fresh round headed by Tiger Global and Sequoia Capital India. The investment included BeeNext and angel investors such as Pine Labs CEO Amrish Rau, Citrus Pay and Jupiter founder Jitendra Gupta, and Cred’s founder Kunal Shah. PayGlocal, which was founded in 2021 by payment industry experts Prachi Dharani, Rohit Sukhija, Yogesh Lokhande, and Ruby Jain, allows retailers to accept cross-border payments in their preferred currency using their cards or non-card payment solutions. According to the startup, it now has over 100 merchants on its platform and has garnered approximately $17 million in investment. “We have observed remarkable growth within just 14 months of launch and received phenomenal feedback for our platform from merchants who are happy with the increase in international payments success rate and a reduction in the risk associated with the processing of cross-border transactions,” Dharani of PayGlocal said. The cash collected in this round will be used to help the firm grow its operations and offer additional payment options. “Indian merchants are engaged in over $400 billion of exports every year. Accepting international cards is important for their business. PayGlocal has successfully solved for high success rates and fraud prevention for such cross-border transactions,” said Ashish Agrawal, MD, Sequoia India.

BEENEXT Investments

291 Investments

BEENEXT has made 291 investments. Their latest investment was in PayGlocal as part of their Series B on June 6, 2022.

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BEENEXT Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

6/17/2022

Series B

PayGlocal

$12M

No

3

6/15/2022

Seed VC

Mewt

$4.6M

Yes

3

6/14/2022

Pre-Seed

Nume Crypto

$2M

Yes

1

6/13/2022

Series A

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$99M

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10

6/10/2022

Seed VC

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10

Date

6/17/2022

6/15/2022

6/14/2022

6/13/2022

6/10/2022

Round

Series B

Seed VC

Pre-Seed

Series A

Seed VC

Company

PayGlocal

Mewt

Nume Crypto

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Amount

$12M

$4.6M

$2M

$99M

New?

No

Yes

Yes

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Co-Investors

Sources

3

3

1

10

10

BEENEXT Portfolio Exits

15 Portfolio Exits

BEENEXT has 15 portfolio exits. Their latest portfolio exit was Casy on February 22, 2022.

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

2/22/2022

IPO

2

2/22/2022

Acquired

2

5/4/2021

Corporate Majority

2

2/17/2021

Acquired

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$99M

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10

10/15/2020

Acquired

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$99M

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10

Date

2/22/2022

2/22/2022

5/4/2021

2/17/2021

10/15/2020

Exit

IPO

Acquired

Corporate Majority

Acquired

Acquired

Companies

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Valuation

$99M

$99M

Acquirer

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Sources

2

2

2

10

10

BEENEXT Fund History

5 Fund Histories

BEENEXT has 5 funds, including BEENEXT Emerging Asia.

Closing Date

Fund

Fund Type

Status

Amount

Sources

6/16/2020

BEENEXT Emerging Asia

$110M

3

7/25/2018

BEENEXT2

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$99M

0

6/28/2017

BEENEXT Fund

$99M

10

12/31/2015

BEENEXT

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$99M

10

BEENEXT Fund II

10

Closing Date

6/16/2020

7/25/2018

6/28/2017

12/31/2015

Fund

BEENEXT Emerging Asia

BEENEXT2

BEENEXT Fund

BEENEXT

BEENEXT Fund II

Fund Type

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Status

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Amount

$110M

$99M

$99M

$99M

Sources

3

0

10

10

10

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