Investments
291Portfolio Exits
15Funds
5About 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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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
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.
BEENEXT Investments Activity
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 | ALLIN Capital, DG Daiwa Ventures, Goodwater Capital, Quona Capital, and Undisclosed Angel Investors | 3 |
6/14/2022 | Pre-Seed | Nume Crypto | $2M | Yes | Arun Samudrala, Balaji Srinivasan, Jaynti Kanani, Sanat Rao, Sequoia Capital, Undisclosed Investors, and Whiteboard Capital | 1 |
6/13/2022 | Series A | |||||
6/10/2022 | Seed VC |
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 | ||
Amount | $12M | $4.6M | $2M | ||
New? | No | Yes | Yes | ||
Co-Investors | ALLIN Capital, DG Daiwa Ventures, Goodwater Capital, Quona Capital, and Undisclosed Angel Investors | Arun Samudrala, Balaji Srinivasan, Jaynti Kanani, Sanat Rao, Sequoia Capital, Undisclosed Investors, and Whiteboard Capital | |||
Sources | 3 | 3 | 1 |
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 | |||
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 | ||||
6/28/2017 | BEENEXT Fund | ||||
12/31/2015 | BEENEXT | ||||
BEENEXT Fund II |
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 | |||||
Status | |||||
Amount | $110M | ||||
Sources | 3 |
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