Investment Summary

Apis Partners Invests In Eureka AI

On February 18, 2020, growth capital firm Apis Partners invested in software company Eureka AI

Investment Highlights
  • This is Apis Partners’ 1st transaction in the Software sector.
  • This is Apis Partners’ 1st transaction in Indonesia.

Investment Summary

Date 2020-02-18
Target Eureka AI
Sector Software
Investor(s) Apis Partners
Deal Type Venture

Target

Eureka AI

Singapore City, Indonesia
Eureka AI is a data as a service platform that helps mobile operators monetize externally its data corpus. Eureka accomplishes this by partnering with enterprise customers in other industries to identify commercial opportunities and create products that leverage vertical-relevant mobile data required to deliver new revenue streams and improve operations. Effectively, Eureka’s platform works as an automated outsourced AI and data scientist team that formulates immediately monetizable commercial opportunities for both telecom operators and enterprises working with such operators. Eureka AI is based in Singapore.

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Investor(S) 1

DESCRIPTION

Apis Partners is an investment group focused on investing in financial services companies operating in emerging markets. Specific areas of interest include payments, insurance, credit/savings, capital markets, and tech-enabled service providers. Apis looks to back companies benefiting from increased mobile adoption and access to financial products and services. Apis Partners was established in 2014 and is headquartered in London.


DEAL STATS #
Overall 16 of 30
Sector: Software M&A 1 of 2
Type: Venture M&A Deals 3 of 9
Country: Indonesia M&A 1 of 2
Year: 2020 M&A 1 of 5
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DATE TARGET DEAL TYPE VALUE
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Coda Payments operates Codashop, the major independent source for games and in-game currencies. Coda also offers Codapay, which allows publishers of digital content to accept the same range of 300+ payment methods available on Codashop on their own websites, and xShop, which allows publishers to distribute their products through a range of e-commerce and other consumer-facing platforms. Coda Payments was founded in 2011 and is based in Singapore.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-04-01 Impact Guru

Mumbai, India

Impact Guru is a healthcare crowd-funding platform that enables consumers to raise donations for their critical illness bills. Impact Guru was founded in 2014 and is based in Mumbai, Maharashtra.

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