Funding Wrap of the Week | Asian Startups Funding Roundup | Feb 4 – Feb 9

Here are the Top Asian Startups Funding Deals in the Asia Pacific Region in this week. Let’s talk about the Top 10.

The Top 10 Asian Startups Funding Deals of This Week

IONIX 

IONIX has completed its $42 million A Round financing by securing $15 million in additional funding from new investors Maor Investments along with participation from existing investors Hyperwise Ventures, Team8 and U.S. Venture Partners (USVP). Total funding to date is $50.3 million. In addition, cyber veteran Chad Kinzelberg will be joining IONIX’s Board of Directors.

IONIX – a leader in attack surface management – uses Connective Intelligence to shine a spotlight on exploitable risks across the entire attack surface – including its digital supply chain. Only IONIX monitors every internet-facing asset and connection, delivers laser focus into the most important risks to your business, and provides recommendations to rapidly remediate exploitable threats and reduce attack surface risk.

Oobit 

Oobit, a leading mobile payment app, has successfully concluded its Series A funding round, raising US $25 million to advance the adoption of cryptocurrencies as a means of payment.

Founded in 2019, Oobit is a fast-growing fintech startup that services people who are focused on gaining more freedom with their money. It provides “in-store payments with crypto” with an unbelievable “Apple Pay” experience, thanks to its cutting-edge payments technology and the magic it does behind the scenes.

Sensos 

Sensos, provides End-to-End visibility over any shipment or inventory- without needing any infrastructure has secured $20 Million in Series A Funding round led by Magenta Venture Partners and other investors such as JAL Ventures, Israel Cargo Logistics and Sumitomo Corp. also participated in the funding round.

Founded in 2022, Sensos’ vision is to empower logistics teams to be proactive when managing supply chains. It is is moving supply chain management from reactive to proactive. It’s new cutting-edge SaaS supply chain control tower, known as “Sync,” seamlessly integrates with Sensos disposable cellular label.

Amperesand 

Amperesand Pte. Ltd, a grid infrastructure solutions provider announced $12.45 million Series Seed financing co-led by Xora Innovation, a deep tech early-stage investment platform of Temasek, and Material Impact. They are joined by TDK Ventures, the venture arm of TDK Corporation and Foothill Ventures.

Founded in 2023, Amperesand infrastructure systems are built with solid-state transformer (SST) modules. Each module contains silicon carbide (SiC) devices and proprietary high-frequency transformers that are significantly more efficient, flexible, and resilient than traditional transformers.

MediConCen 

MediConCen Limited, an Insurtech company that automates insurance claims using AI and blockchain, announced that it has raised USD 6.85 million in its latest Series A round. The new funding is led by HSBC Asset Management and has also received support from existing investors including G&M Capital, ParticleX, and new investor Wings Capital Ventures.

MediConCen is a leading InsurTech company that automates insurance claims using AI and blockchain. It is the first in Hong Kong to utilize Hyperledger blockchain technology to provide clients with seamless and automatic experience in insurance claims. MediConCen has secured a blockchain patent in the US and Hong Kong.

Octup 

Octup, all-in-one e-commerce operations platform cutting your costs by 30%, has secured $4Mn in Pre-Seed Funding round from Tal Ventures. Other investors included founders of Trax and Rapyd and Bullet Ventures, HCS Investors Group and World Trade Ventures also participated.

Founded in 2022, Octup provides e-commerce brands with a platform that delivers accurate and real-time visibility and metrics for business operations.Octup is committed to helping to grow business through its AI driven insights and complete metric transparency across all the platforms.

Rize 

Rize, PropTech company aiming to revolutionize the real estate rental journey has secured $2.9 million in seed round. This round saw the participation of renowned investment firms including SEEDRA Ventures , HALA Ventures , Joa Capital , RZM Investment , Bunat Ventures , Nama Ventures as well as a group of angel investors.

Rize was founded in 2021 by Ibrahim Belila and Mohammed Al-Farihi , and seeks to develop the field of real estate leasing in the Kingdom of Saudi Arabia. Through a service that allows tenants to pay their rent in flexible monthly installments instead of one large payment in advance.

Rider Dome

Rider Dome, an Advanced Rider Assistance Systems (ARAS) designed for motorcycle riders and fleets has Secured $2.3Mn in Seed Funding round. Private angel investors, Goldbell, and Radha Rani Holdings Family Office participated in the funding round.

Founded by Yoav Elgrichi, Kineret Karin and Guy Ron in 2021, Rider Dome is a Computer Vision AI based collision alert system providing motorcycle riders with real-time alerts against critical threats on the road to prevent accidents before they happen.

Aarogya Tech 

Aarogya Tech, A digital platform to improve health care access and monitoring at every home to delay the onset and progression of chronic disease has secured USD 1.8 Million Seed Funding round from Hersha Hospitality Trust. Hersha Chairman Emeritus, Hasu P. Shah will join Aarogya Tech Board.

Aarogya Tech analyzes trend-line of health by machine-learning and provides personalized nudges to make behavioral changes, Reminders for Bodycheck-ups, preventive-care-tests and mental-health-checkup automatically.

The Digital Hotelier

The Digital Hotelier, a software that enhances hotel and holiday homes’ revenue and guest experience by enabling various services for their guests with a click of a button has raised $1 million investment in seed round from esteemed partners including Plug and Play, Hope Funds, and a group of visionary angel investors.

Founded in 2022 by Qutaiba Alali and Ali Fouad, The Digital Hotelier has been at the forefront of revolutionising the hospitality industry with innovative software solutions. The Digital Hotelier platform provides a seamless experience for guests, allowing them to effortlessly book and pay for a myriad of services at hotels, including room service, spas, food, and entertainment.

These startups played a major role in Asian Startups Funding ecosystem in this week and secured funding from Venture Capitalists, Angle Investors in different funding Rounds.

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