SendingNetwork Raises a total of $20 Million Seed Round for Decentralized Communication in web3 

[AUSTIN, TEXAS -- APRIL 14, 2024] – SendingNetwork, a decentralized communication infrastructure network, today announced the successful completion of a $20 million seed funding round, an extension round following a $12.5 million seed round early last year.

Led by prominent investors, Nomad Capital, Ex-Coinbase CTO Balaji Srinivasan, Galxe, SWC Global, Gabby Dizon founder of Yield Guild Games, Symbolic Capital and Web3.com Ventures, the $20M round will help SendingNetwork address the growing need for decentralized communication to empower users and networks. 

SendingNetwork provides a comprehensive three-layer client-edge-blockchain architecture that addresses messaging vulnerabilities to redesign a robust, secure, and community-driven communication network.

“We’re deeply impressed by the founding team’s vision for the decentralized, private, permissionless communication network,” said Tuck Lye Koh, founding partner of SWC Global. “At the forefront of innovation, Sending Labs has made remarkable progress in product development and community engagement, setting a new paradigm of data transmission.”

February 09, 2024 - UniSat has announced it has completed a Pre-Series A financing round led by OKX Ventures. SWC Global, Vitalbridge Capital and ABCDE Capital are also participating investors in this round. 

These funds will support the company’s pivotal role in redefining Bitcoin inscription services and broaden its customer base. 

Furthermore, UniSat’s impact goes beyond investments; Binance Wallet included UniSat’s API to strengthen support for the Inscription Market. 

This funding round affirms UniSat’s technological superiority and market potential in addition to bolstering its aspirations for rapid expansion. 

With the increasing demand for reliable and effective inscription solutions, UniSat is prepared to fulfil the changing needs of cryptocurrency users around the world. 

JAKARTA, INDONESIA, 15th December 2023 – Halal-certified direct-to-consumer (D2C) Indonesian beauty brand, Rosé All Day Cosmetics (RADC), announced it has successfully closed a Series A funding round of US$5.41 million led by SWC Global, with participation from DSG Consumer Partners (DSGCP) and the brand’s initial seed investor AC Ventures.

The round is a milestone for RADC and strongly aligns with its vision of delivering world-class cosmetics from Indonesia to the global market. It is a pivotal moment in the company's journey, as RADC will use the fresh capital to broaden its nationwide distribution and enhance its product across the board with a continued focus on innovation.

RADC, launched in 2017, has seen a promising trajectory, starting with a seed investment from AC Ventures in 2020. Today, the brand stands out for its high-quality, clean-beauty makeup and skincare solutions that are cruelty-free, championing natural beauty, inclusivity, and sustainability.

A Forbes 30 Under 30 entrepreneur in 2023, RADC Co-founder Tiffany Danielle said, “We are thrilled to announce our latest partnership with SWC Global and DSGCP. This collaboration represents a significant step in elevating RADC's market presence and operational sophistication in Asia Pacific."

BANGALORE, INDIA, 13th December 2023 - Snitch, a pioneering innovator in the fast fashion domain, has successfully closed a Series A funding round of Rs. 110 crore, co-led by SWC Global and IvyCap Ventures.

The investment round, supported by key angel investors, will catalyze Snitch's expansion in talent, technology and an offline retail strategy.

Snitch, known for its agility and trend-forward approach, has consistently set high industry standards. The brand's first store in Bangalore demonstrates its robust retail strategy and strong customer appeal. Along with a significant digital presence marked by over 2 million app downloads, Snitch has served a vast array of pin codes across India, underlining its wide reach and commitment to quality and innovation. 

SWC Global is excited to support Snitch as they continue to redefine the fashion retail space and propel the broader fashion industry forward.

SINGAPORE - SWC Global is pleased to organize the Founders’ dinner session on 12th September evening. 

Founders, CEOs, Partners and Vice Presidents in the Web3, AI, blockchain accelerators, gaming, technology, fund industry and more have attended the event. 

We thank all the attendees for your participation and support.

JAKARTA, INDONESIA -- Finture, a Singapore-based Fintech company specializing in digital banking and credit payment services, has successfully raised USD $20 million in a Pre-Series B funding round led by XVC Capital in Beijing, followed by SWC Global, MindWorks Ventures, Antao Capital and Tortola Capital.

25 May 2023 — Evermos, Indonesia’s largest social commerce platform, successfully raised USD39 million in its Series C funding round, led by the International Finance Corporation (IFC) — a member of the World Bank group — and followed by returning partners such as Jungle Ventures, Shunwei Capital, UOB Venture Management and Telkomsel Mitra Inovasi.

This funding round also saw investment from new partners, SWC Global, Endeavor Catalyst and Uni-President Asset Holdings.

Recently, a fintech SaaS platform, Growfin.ai has raised $7.5 million in its Series A funding led by Singapore-based venture capital firm SWC Global.

The funding round also saw participation from existing investors 3one4 Capital, angels, chief financial officers, and other industry leaders.

WebEngage, a B2B software as a service (SaaS) startup offering full stack retention operating system, has announced it raised $20 million in Series B round, led by SWC Global and Singularity Growth Opportunities Fund with participation from existing investors India Quotient, Blume Ventures and IAN Fund.

The round also saw participation from a few family offices, including Unmaj Corporation, NB Ventures, Shashwat Nakrani, co-founder of BharatPe and Gopal Srinivasan, Chairman of TVS Capital amongst others.

INDIA - Country Delight, a direct-to-consumer (D2C) food essentials brand, has raised $108 million in Series D round taking its valuation to $615 million led by new investors Venturi Partners and Temasek, followed by SWC Global and Trifecta Capital. Existing investors, IIFL Asset Management, Elevation Capital, Orios Venture Partners and Matrix Partners also participated to infuse 30% of the total investment.

In March 2022, Kuku had attracted over USD $25 million worth of investment led by South Korea's gaming company Krafton, followed by SWC Global Fund, FounderBank Capital, 3one4 Capital, RB Investments, CapitalG, India Quotient, Verlinvest, Vertex and Shunwei Capital.

In December 2021, LingoAce, a Singapore-based global education technology company and leading Mandarin Chinese language learning platform, announced it has raised $160 million in new funding this year.

LingoAce has closed on a $105 million in Series C funding round led by Sequoia Capital India, followed by Owl Ventures, Shunwei Capital and SWC Global.