Weekly Funding Roundup 23 June to 28 June 2024– We compile a Weekly Startups Funding News Report summarizing all the startups that secured funding during the week. This report provides a consolidated list of these newly funded ventures day-wise, offering a concise overview of the latest developments in the startup funding landscape.
Asian Startups raised capital in order to expand and move into more successful. Here is this week’s Top 10 Asian Startups Funding Roundup.
Top 10 Asian Startups Funding News 23 June to 28 June 2024
Funding Wrap of The Week | Asian Startups Funding Roundup | 23 June – 28 June
Table of Contents
StarShine
Radio frequency filter and module manufacturer StarShine Semiconductor has raised $137.6 million in its Series B investment round.
All electronic equipment must have RF filters since they can either receive or block specific frequencies. This means that wireless communication makes it possible for data and speech to travel over the airways without interruption.
Fetcherr
The $90 million Series B round of Israeli firm Fetcherr, which has created a generative AI pricing, inventory, and publishing engine. Secondary investments are thought to have contributed about $65 million. Battery Ventures led the round, in which all current investors took part.
It is a deep learning startup led by Roy Cohen (CEO), Robby Nissan (CSO), Shimi Avizmil (CTO), and Dr. Uri Yerushalmi (Chief AI), was founded in 2019 with the goal of upending conventional, rule-based (legacy) revenue systems, starting with the aviation sector.
K-ID
A USD 45 million Series A fundraising round has been announced by k-ID, a Singaporean firm that offers kids and teens a cross-platform fast sign-on solution. Andreessen Horowitz (a16z) and Lightspeed Venture Partners co-led the round, with additional funding from Z Venture Capital (LY Corporation), Konvoy, Tirta, and Okta.
With the conclusion of this round, k-ID has received USD 51 million in fundraising overall. The k-ID platform makes online safety and privacy management easier for parents, kids, teens, and game developers.
Sensi.AI
The company Sensi.AI, which created audio-based technology for senior care, has secured $31 million in Series B funding, the most of which came from equity and a small portion via secondary agreements.
The company claims that this round has raised its valuation, bringing its total financing to more than $53 million. Zeev Ventures and Insight Partners co-led the investment, with ongoing backing from Entrée Capital, Flint Capital, Jibe Ventures, and Secret Chord Ventures.
Paywatch
Paywatch, a Malaysian company that offers earned-wage access services, has secured $30 million in a Series A fundraising round using a combination of credit facilities and equity.
Leading the $14 million financing round were US investors Vanderbilt University and the University of Illinois Foundation, along with returning investor Third Prime. Wooshin Venture Investment Corp. and Octagon Venture Partners became new investors as well.
ZYOD
RTP Global led ZYOD’s $18 million Series A investment round, which is aimed at the global B2B clothing sourcing and production platform.
The Gurugram-based business stated in a statement that returning investors Lightspeed Venture Partners and Alteria Capital were involved in the funding, which included a combination of loan and equity investment.
Bluestone
Bluestone obtains $12 million from Neo Markets to fund debt, and other $681 million agreements are made in India.
According to the report, the its board of directors has decided to raise the aforementioned amount by the issuance of 10,000 debentures at a face value of Rs 1,00,000 apiece.
Two Brothers Organic farm
Two Brothers Organic Farms, an agritech firm based in Pune, has raised INR 58.2 crore ($8.2 million) in an equity fundraising round headed by Rainmatter Foundation, which Nithin Kamath, a cofounder of Zerodha, created.
The money will be utilized to investigate new prospects, extend operations, and promote corporate expansion in the US and India. Under the Amor Earth brand, Two Brothers Organic Farms manufactures and distributes organic agricultural goods.
Comfi
Comfi, a quickly expanding B2B payment platform in the United Arab Emirates, announced that it has successfully secured a $5 million financing facility from a private family office located in Abu Dhabi.
With this large investment, Comfi is taking a major step toward revolutionizing business-to-business interactions in the Kingdom of Saudi Arabia and the United Arab Emirates.
Sweply
Saudi ad tech startup Sweeply earned $2 million in a seed fundraising round led by Salla and Sanabil 500 Global.
The business optimises ad placements, boosts engagement, and maximises conversions across digital channels by utilising AI and machine learning. With the financing, Sweeply hopes to grow its workforce, quicken the pace of new product development, and fortify its position in the Arab and international markets.
Frequently asked questions (FAQs)
Name the Top 10 Asian Startups Funding Roundup in this week ?
StarShine, Fetcherr, K-ID, Sensi.AI, Paywatch, ZYOD, Bluestone, Two Brothers Organic farm, Comfi, Sweeply, are the Top 10 Asian Startups Funding Roundup in This Week.
