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.
Tipalti
Fintech unicorn Tipalti has raised $200 million in debt funding from Hercules Capital. The company plans to use this money to speed up its work in artificial intelligence (AI) and grow in international markets.
Morse Micro
Sydney-based long-distance Wi-Fi chip maker Morse Micro has raised $88 million in its Series C funding round.
Erad
Erad, an alternative financing platform for SMEs based in Riyadh, has raised $33 million in debt financing to grow its business in Saudi Arabia and across the GCC.
Chakr Innovation
Chakr Innovation, a cleantech startup backed by ONGC, has raised $23 million (INR 193.5 crore) in its Series C funding round, led by Iron Pillar.
Gullak
Gold savings app Gullak has raised $7.5 million in its Series A funding round, with Chiratae Ventures leading the investment.
Alloy Robotics
Alloy, a robotics data analytics platform, has raised US$4.5 million in its pre-seed funding round.
Rasmal Ventures
Tunisia’s ANAVA Fund of Funds has invested $4 million in Rasmal Innovation Fund I, the first fund launched by Qatar-based Rasmal Ventures.
DOO
Riyadh-based DOO has raised USD 1.7 million in a funding round. The round was led by Merak Capital, with support from Plus VC and other regional investors.
MADA
Jordan-based fintech MADA has raised USD 1.55 million in a pre-seed funding round. The round was led by Vision Ventures, with support from D-Investments.
Nevam
Sydney-based marketing tech startup Nevam has raised US$1.2 million to grow its platform, which it calls the first “live journey mapping command centre” for big companies’ marketing teams.
Name the top 10 Asian Startups Funding Roundups for this week?
Tipalti, Morse Micro, Erad, Chakr Innovation, Gullak, Alloy Robotics, Rasmal Ventures, DOO, MADA, and Nevam are the top 10 Asian Startups Funding Roundups for this week.
