Straits Times – Tech company Garena raises US$550m, rebrands as Sea

The majority of the money will be reinvested in Sea’s ecommerce platform, Shopee.

May 8, 2017

‘Singapore-based tech company Garena has been rebranded as Sea after securing US$550 million (S$772.4 million) in a new round of funding.

Sea is now believed to be valued at more than US$3 billion, making it South-east Asia’s largest unicorn – a start-up that has grown to be privately valued above US$1 billion.’

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