Early-stage
India EV ride-hailing start-up raises $50m
BluSmart, which claims to be India’s first integrated electric vehicle (EV) ride-hailing and charging business, has closed a USD 50m Series A round led by BP Ventures and local cleantech investor Green Frontier Fund.
Skip leads Series B for Australia utilities SaaS platform
Skip Capital, a private investment firm established by Atlassian co-founder Scott Farquhar, has led a USD 14m Series B round for Neara, an Australian software-as-a-service (SaaS) platform that serves utilities.
Hong Kong crypto player Babel hits $2b valuation
Hong Kong-based Babel Finance, which claims to be the world’s leading wholesale crypto financial services provider, has raised USD 80m in Series B funding at a valuation of USD 2bn.
Singapore fund tokenisation player ADDX raises $58m
ADDX, a Singaporean digital securities exchange that helps PE firms and other fund managers tokenise funds, has raised USD 58m in pre-Series B funding featuring the Stock Exchange of Thailand.
Australian crop monitoring start-up gets $38m Series B
Regrow, an Australian-based sustainable agriculture start-up, has raised USD 38m in Series B funding led by Galvanize Climate Solutions, Rethink Impact, and Salesforce.com CEO Marc Benioff’s Time Ventures.
Deal focus: India’s Fashinza in vogue with VC
The appeal of the boutique brand ensures that fashion will always be a fragmented space. As e-commerce splinters the industry even further, India’s Fashinza aims to tie it all together
Singapore metaverse platform Bud raises $36.8m
Singapore-based metaverse user generated content (UGC) platform Bud has raised a Series B round of USD 36.8m led by Sequoia Capital India.
China rocket developer Orienspace raises $60m
Chinese rocket developer Orienspace has raised a CNY400m (USD 60m) Series A round led by HikeCapital.
MDI leads $27m round for Singapore's SwipeRx
Indonesia’s MDI Ventures has led a USD 27m Series B round for Singapore-based mClinica, now rebranded as SwipeRx, an app that connects 45,000 pharmacies across Southeast Asia.
Japan biotech start-up raises $31m Series C
Japanese cancer drug developer Chordia Therapeutics has raised JPY 4bn (USD 31.3m) in Series C funding led by Growth Capital of Japan (GCJ) and UTokyo Innovation Platform.
Thai food supply chain player secures $23.5m Series B
Openspace Ventures has participated in a USD 23.5m Series B funding round for Freshket, a Thailand-based farm-to-table agricultural supply chain start-up.
Ince leads $30m round for China’s PhiGent Robotics
Beijing-based autonomous driving solutions provider PhiGent Robotics has raised a USD30m Series A round led by Ince Capital. Previous investors such as Atypical Ventures, 5Y Capital, and GSR Ventures re-upped.
Antler to invest $100m in SE Asia start-ups by 2025
Singapore-based VC firm Antler has committed to investing USD 100m in more than 300 Southeast Asian start-ups by 2025.
India’s Fashinza gets $100m Series B
Prosus Ventures and WestBridge Capital have led a USD 100m Series B round for India’s Fashinza, a B2B marketplace and supply chain platform for the fashion industry.
India e-commerce enabler Gokwik raises $35m
Gokwik, an Indian e-commerce enablement platform, has raised USD 35m in a Series B round led by Think Investments and RTP Global.
Baring Asia makes Series A software investment
Baring Private Equity Asia (BPEA) has committed USD 10m in Series A funding for a significant minority stake in CBX Software, a Hong Kong-founded product lifecycle management platform provider.
Indonesia's Qoala raises $65m Series B
Eurazeo has led a USD 65m Series B round for Indonesia’s Qoala, which claims to be the only insurance technology start-up with licenses in three Southeast Asian countries.
China biotech player Reistone raises $100m
Reistone, a novel drug developer incubated by Jiangsu Hengrui Pharmaceuticals, has raised a Series A of nearly USD 100m led by Huagai Capital.
Felicis leads $80m Series B for Singapore SaaS start-up Supabase
Singapore’s Supabase, a software-as-a-service (SaaS) and IT provider for app developers, has confirmed a USD 80m Series B round led by Felicis Ventures.
Crypto exchange KuCoin raises $150m pre-Series B
Singapore-based crypto platform KuCoin has raised USD 150m in pre-Series B funding from an investor group featuring IDG Capital and Matrix Partners, claiming a valuation of USD 10bn.
Deal focus: Square Peg supports LottieFiles’ push for scale
LottieFiles has carefully cultivated an investor base that can participate in its bid to capture even more demand from companies keen to plug motion graphics into their apps and websites
Sequoia, Tiger, Alpha Wave invest $100m in India agtech player
Indian agriculture technology start-up Absolute Foods has confirmed USD 100m in recent funding from Sequoia Capital India, Tiger Global Management, and Alpha Wave Global at a valuation of USD 500m.
IDG backs China surgical robot start-up
IDG Capital has joined a Series A round of several hundred million renminbi for China’s Sustao, which is developing a platform for fully automating surgical robots.
Korea space tech start-up gets $8m
Korean microsatellite and space data analysis start-up NaraSpace Technology has raised KRW 10bn (USD 8m) from Korea Development Bank (KDB) and several local VC firms.