Funding Wrap of The Week | Asian Startups Funding Roundup | 1 December – 6 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

Upwind 

Israel-based Upwind has raised an additional $100 million in a Series A round led by Craft and joined by TCV, Alta Park with amazing existing investors, Greylock, Cyberstarts, Leaders Fund, Cerca and Sheva to accelerate global expansion and fuel our mission of building the next-generation cloud security powered by runtime. To date, startup has raised $180 million in total funding

KKday 

leading mobile-first e-commerce travel platform KKday has secured around $70 million in funding from Cool Japan Fund, Taiwan’s National Development Fund, ZUU & De Capital Fund, CHBVC, Darwin Ventures, and several financial institutions.

KPay 

Hong Kong, Singapore, and Japan-based KPay Group (KPay), a one-stop financial management and business operations platform, today announced the successful completion of its first institutional funding round, raising a record USD 55 million, the largest Series A globally in the payments sector in 2024.

D-Fend Solutions

Israel-based D-Fend Solutions, the leader in field-proven radio frequency (RF) cyber-based, non-kinetic, non-jamming, counter-drone – takeover technology, announced has secured $31M in the initial closing of a new investment round.

Droxi 

Israel-based Droxi, allows for smooth EHR integration and enables providers to see more patients daily has secured $21 million funding in series A round led by the American investment fund Drive Capital, with participation from other investors including Verissimo, AirAngels, Lurie Consulting, and Elad Litman.

Interlace 

Interlace, a global card issuance and digital asset management platform based in Singapore, has raised $10 million in its Series B1 funding round.

Aanaab 

Saudi Arabia-based edtech, Aanaab, the leading digital professional development platform for teachers, has successfully completed its Series A funding round, securing $7 million from Dallah Investment Holding.

bananaz 

Israel-based bananaz, an innovative platform redefining design change management for R&D and engineering teams, today announced its official exit from stealth mode backed by $5.3 million in seed funding from leading investors, 10D and Cardumen Capital.

AdvantageClub.ai 

India-based AdvantageClub.ai, a Global Employee Engagement & Rewards Platform has secured $4 million in its latest funding round led by Axilor Ventures, with participation from AFG Ventures, Prasanna Sarkar, Bytez Ventures, and some of the existing investors, bringing the company’s total funding to $11 million.

Playgama 

Playgama, a UAE-based game tech startup aiming to give HTML5 game developers access to the whole web market at once, has raised $3 million in a funding round led by The Open Platform and s16vc.

Conclusion

From December 1 to 6, 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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