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Singapore-based startup UnaBiz raised US $25M in Series B funding round

UnaBiz, a Singapore-based supplier of customised IoT solutions, has raised approximately US $25 million in an oversubscribed Series B round headed by Tokyo-based SPARX Group’s US $700 million Mirai Creation Fund II.

CDIB Capital Growth Partners, a fund run by Taiwan’s CDIB Capital Group; Singapore’s G K Goh Holdings; and Thaioil’s investment arm, TOP Ventures, are among the other co-investors in the round.

UnaBiz will expand its footprint in important markets including Japan, Southeast Asia, Europe, the Middle East, and Africa as a result of this current round of investment.

Apart from its headquarters in Singapore, UnaBiz has established two offices in Taiwan and Japan.

UnaConnect, the startup’s latest data platform that attempts to bridge the gap between fragmented IoT data gathering technologies and corporate systems, will also see a boost in growth.

“The IoT industry has become too fragmented, and it is our mission to simplify it and eradicate frictions to truly enable massive IoT, from 0G to 5G,” said Henri Bong, co-founder, and CEO of UnaBiz. “Our vision is to accelerate corporate digital transformation with optimised end-to-end solutions which include hardware, software and connectivity.”

Henri Bong founded UnaBiz in 2016 with the goal of providing scalable, energy-efficient IoT solutions for businesses in crucial sectors such as aerospace, facilities management, food and beverage, healthcare, logistics, supply chain, and smart cities.

Its distinctive selling point is its advancements in hardware design, as well as the company’s extensive ties to the supply chain and inventive environment in Singapore and Taiwan. Among UnaBiz’s clients are major corporations from Japan (Nippon Gas), Taiwan (Shin Kong Communications), Singapore (UEMS), and others.

In 2017, it partnered with Sigfox, a French low-power wide-area network (LPWAN) provider, to launch the first IoT network in Singapore, with 95 percent outdoor coverage island-wide.

UnaBiz stated that its Series B value was treble that of its previous round, with a total investment of US $35 million since the start.

UnaBiz secured approximately $10 million in its Series A investment round in 2018, headed by Global Brain and ENGIE’s corporate venture capital divisions.

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