Sea
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Overview
(NYSE: SE · $95.88 ▲ 0.7%) Sea is a Singapore technology company with businesses in Southeast Asia, Taiwan and Brazil, built around three units: Shopee, Garena and Monee. Its stated mission is to better the lives of consumers and small businesses with technology, and the company is based at Fusionopolis Place in Singapore. Sea is listed on the New York Stock Exchange under the ticker SE, following its IPO in October 2017. Groups that combine commerce, entertainment and payments can pass users and transactions between their businesses, a model associated with large consumer internet conglomerates in China.
Shopee, launched in 2015, is an e-commerce platform designed to be mobile-first and social, and it recorded close to 11 billion orders and over $100 billion in gross merchandise value in 2024. Garena develops and publishes online games across more than 160 markets, including its self-developed mobile battle royale title Free Fire, and licenses titles from partners such as Arena of Valor, Call of Duty: Mobile and EA Sports FC Online in selected markets, while also organising esports events. Monee focuses on digitalising financial services in Southeast Asia, offering mobile wallets, payment processing, credit and banking under brands including ShopeePay and SPayLater. In markets where many consumers and small merchants have limited access to traditional banking, a payments arm attached to a large marketplace provides a natural channel for distributing digital credit and wallet services.
The company frames its culture around five core values covering service to customers, adaptation to change, speed, commitment and humility. These values treat customers as the sole arbiter of product value and stress meeting unmet needs and serving the underserved. Such principles are common among internet companies in fast-growing emerging markets, where shifting consumer habits and intense competition tend to reward speed of execution.
Private funding before listing
Disclosed funding: $924M across 7 rounds. Latest: Post-IPO Equity, 9 Sep 2021.
2 rounds have an undisclosed amount, not included in the total.
| Date | Type | Amount |
|---|---|---|
| 9 Sep 2021 | Post-IPO Equity | $6B |
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