AsiaTechDaily – Asia's Leading Tech and Startup Media Platform
Health tech firm HiLabs has secured $39 million in Series B financing, the company announced on Thursday. The funding round was led by Denali Growth Partners and Eight Roads Ventures, with additional participation from F-Prime Capital. This investment follows the rapid adoption of HiLabs’ healthcare data management platform, MCheck, and will facilitate further development of […]
Canvas Ventures, a multi-family venture capital office, officially launched with a focus on early and growth-stage startups in deep tech and creative tech. Tailoring solutions for the Asian market, the firm aims to take Thai startups onto the international stage to support innovation and entrepreneurship in the region. Led by Pun-Arj Chairatana, former Executive Director of […]
Singaporean fintech enabler Fluid has successfully raised $5.2 million in Series A funding, spearheaded by Insignia Ventures Partners. The funding aims to strengthen Fluid’s business-to-business purchase financing solutions. Fluid Series A round, led by Insignia Ventures Partners, is vital for the Singapore-based startup, known for its flexible B2B purchase financing platform. This latest investment follows […]
NativeX, a Vietnamese EdTech startup, has successfully raised $4 million in total funding within just eight months since its inception. The funding includes $1.5 million secured through SAFE instruments from angel investors in June 2023, with an additional $2.5 million completing its seed round. The funding was co-led by Ansible Ventures and Blueprint Ventures, with […]
Moonshot AI, a Chinese AI startup, has clinched a staggering sum of over $1 billion in its Series B funding round for the development of large language models (LLMs). The financial injection, led by e-commerce titan Alibaba and venture capital HongShan, drives Moonshot AI’s valuation to an impressive $2.5 billion. HongShan, the Chinese counterpart of […]
Malaysia’s pension fund, Kumpulan Wang Persaraan (Diperbadankan) (KWAP), has unveiled its initial investments under the Dana Perintis strategy, with $21 million. The investments include two direct investments in local startups and commitments to two venture capital funds. KWAP has announced its support for two startups, Bateriku (M) Sdn Bhd and Lapasar Sdn Bhd, as part […]
East Ventures Korea has appointed Sang Han as its first partner for the South Korea fund, which was launched in October in collaboration with SV Investment, a Seoul-based VC firm. Sang Han has extensive experience in venture capital, having started in 2005 as an assistant vice president at Walden International for Singapore and Beijing. In […]
Simple Planet, a company specializing in the development of cell-cultured food ingredients, has announced that it recently secured approximately 8 billion won in investment from domestic venture capital firms. The investment is part of a pre-Series A funding round. Simple Planet’s funding round saw participation from a diverse group of major venture capital firms and […]
Malaysian startup Qarbotech has secured $700,000 in seed funding to boost production of their photosynthesis enhancer, aiming for a 50x increase. This solution accelerates plant growth and reduces crop cycles, addressing global food security concerns. Qarbotech is scaling up its photosynthesis enhancer production from 2,000 liters to 100,000 liters per month, alongside expanding its international […]
Netherlands-based investment firm Orient Growth Ventures has successfully closed its second fund, Orient Growth Fund II, amassing $90 million in commitments. This fund is a major increase from its inaugural $25-million fund raised in 2020. The firm has shown an escalating focus on backing early-stage venture capital managers across Southeast Asia and India. With Orient […]