Funding Wrap of The Week | Asian Startups Funding Roundup | 8 December – 13 December

Asian startups secure investment in different funding rounds from venture capital firms and angel investors to grow their businesses and scale up to be more successful in Asia and worldwide. Below are the top 10 Asian Startups Funding Roundups for this week.

Asian Startups Funding Roundup

Astrix Security

Astrix Security announce $45 million in Series B funding, led by Menlo Ventures through their Anthology Fund—a strategic partnership between Menlo and Anthropic—with participation from Workday Ventures and existing investors, Bessemer Venture Partners, CRV, and F2 Venture Capital.

Riverside 

Israel-based Podcast recording platform Riverside has secured $30 million in a Series C funding round led by Zeev Ventures, with participation from Seven Seven Six, and angel investor Sam Lessin.

Stigg 

Israel-based Stigg, an easy-to-implement, headless pricing & packaging platform has secured $17.5 million in a Series A funding round led by Red Dot Capital Partners, with participation from Unusual Ventures, Emerge Ventures, Redseed, and Cerca Partners, brings the company’s total investment to $24 million.

Eureka Robotics

Singapore-based start-up Eureka Robotics (“Eureka” or “the Company”) has raised a USD 10.5 million Series A round led by B Capital (a global multi-stage investment firm), with participation from new investors Airbus Ventures (an independent venture capital firm operating in service of deep tech entrepreneurs), Maruka Corporation (a publicly-listed Japanese trading company specialized in machinery), G. K. Goh Ventures (a Singapore-based early-stage investment firm), and returning investors UTEC (one of Asia’s largest deep-tech investment firms) and ATEQ (a market-leading manufacturing company in leak testing).

Gavan 

Gavan Technologies, an innovative food company based in Israel has secured $8 million in a Series A funding round led by Israel’s MoreVC, with participation from Lever VC, a global leader in food and agri-tech investment; EIT Food, a European Union-supported platform for sustainable food innovations; and DarkBoot Group, a private equity firm involved in Gavan’s incubation.

KAMEREO 

Vietnam-based B2B food delivery platform, KAMEREO, successfully raised USD 7.8 million in Series B funding. In this investment, KAMEREO received capital from investors including Sumitomo Corporation, Inspire Co., Ltd., SMBC Venture Capital Co., Ltd., Mitsubishi UFJ Capital Co., Ltd., REAZON HOLDINGS, INC. , and several other individual investors.

Wafeq

Wafeq, a modern and easy-to-use accounting platform, today announced the completion of its $7.5 million Series A funding round (SAR 28 million).

Omni HR

Singapore-based Multi-country HR platform Omni HR has raised $7.4 million in funding to continue building what fast-growing companies operating in Asia truly need—sophisticated, flexible workflows that work seamlessly across borders while maintaining the localization that their modern workforce requires to operate in the region.

LAAM

LAAM Technologies, Building Pakistan’s E-commerce Ecosystem through Cutting-Edge Technology has secured $5.5 mn funding in a seed round led by Disrupt.com and Zayn VC, with participation from Graph Ventures, Mentors Fund, and tech leaders from Oracle, Microsoft, Google, and Salesforce among others

AlGooru 

AlGooru, Saudi Arabia’s first licensed private tutoring platform, has successfully raised $4 million in pre-Series A funding through a combination of debt and equity financing. The round was led by Constructor Capital, with participation from Hub71, angel investors, and family offices.

Conclusion

From December 8 to 13, Asian startups received varied funding. From fintech to deep tech, the region remains robust and ready to attract more investors next week. This increase in funding is a testament to the continuing opportunities for startups in Asia. Next week, we will provide the Asian Startups Funding Roundup, highlighting Asia’s startup ecosystem.

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