Wednesday, 23 September 2026 · SEA Deal Ticker

SEA Deal TickerWed, 23 Sept

Kopi Kenangan's insiders buy more; a buyer rolls up Singapore's ship-fuel paperwork.

The insiders are buying, not selling: Kopi Kenangan's founder and backers raise their stakes — DealStreetAsia · Permalink
CEO Edward Tirtanata and existing investors are adding shares in Indonesia's grab-and-go coffee chain in an ongoing round. DealStreetAsia reports up to US$70 million of existing shares will likely change hands.
The world's biggest ship-fuel port goes paperless: Ofiniti buys ZeroNorth's Singapore delivery-note business — TNGlobal · Permalink
Ofiniti, spun out of Norwegian ship-certification group DNV in 2024, buys the software that replaces paper receipts for ship refuelling. It serves about 200 customers and estimates a 40% share of Singapore's digital refuelling paperwork.
Positive-sum angle: It is Ofiniti's third purchase since 2024, after Angsana Technology and Teqplay. Anyone building port or shipping-compliance software in Singapore now pitches against one buyer rolling up the category.
A seed round the size of a Series A: Singapore chip-materials startup Nexstrom raises US$12M — TNGlobal · Permalink
Xora Innovation led, with Foothill Ventures and SEEDS. Nexstrom grows crystal layers a few atoms thick on 12-inch wafers, the size chip factories already run; US$3 million of funding that took no shares brings its total to US$15 million.
Secondhand phones cross the sea: Malaysia's 3cat raises US$4M to open in the Philippines — TNGlobal · Permalink
Foxmont Capital Partners led the Series A, with the Asian Development Bank and Golden Gate Ventures. 3cat sells refurbished phones with a 12-month warranty through more than 20 Malaysian stores; the Philippines is its first foreign market.
Positive-sum angle: Filipinos bought 18.4 million smartphones in 2025. A Manila used-phone seller who trades on trust alone now faces a chain offering a warranty, returns and instalment payments.

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