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
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Intudo
Intudo, the only venture capital firm that exclusively focuses on Indonesia has secured $125 million in two new funds — a US$75 million fourth flagship “Indonesia-only” venture fund and a US$50 million natural resources and renewable energy fund.
Olea
Olea Global Pte Ltd (Olea), a Singapore-based digital infrastructure platform is pleased to announce that it has secured US$100 million of warehouse financing from HSBC, one of the world’s leading financial institutions, and Manulife | CQS Investment Management (Manulife | CQS), a global multi-strategy credit-focused asset manager, headquartered in London.
Lean Technologies
Lean Technologies, a Riyadh-based fintech infrastructure platform, has secured $67.5 million in Series B funding led by General Catalyst, a renowned Silicon Valley-based venture capital group.
ScaleOps
Israel-based ScaleOps, the leader in real-time automated cloud resource management, has raised $58 million in funding in a Series B round led by Lightspeed Venture Partners. Returning investors NFX and Glilot Capital Partners and new investor Picture Capital participated.
SmartBank
SmartBank, which provides the household accounting prepaid card “B/43,” has raised 4 billion JPY ($26 million) in the first close of its Series B round. 1.1 billion JPY ($7.2 million) came from debt financing, and 2.9 billion JPY ($18.8 million) from equity provided by its current investor, Global Brain.
Robin AI
Robin AI, the leading provider of legal AI for business, has raised $25 million in funding. The round was led by a group of its customers and existing investors, including Paypal Ventures, Willets (Michael Bloomberg’s family office), and Cambridge University.
PointFive
Israel-based PointFive, the leading cloud cost optimization platform, announced has secured an additional $20 million in Series A funding, bringing the company’s total capital raised to $36 million only 18 months since the company’s inception.
Bhanzu
Bhanzu, a math platform has raised $16.5 million in funding in a Series B round led by Epiq Capital and supported by Z3Partners, with participation from existing investors Lightspeed Ventures and Eight Roads.
Epik Foods
Abu Dhabi-based Ruya Partners, the region’s first partner-owned private credit fund management firm, announced that Ruya Private Capital I, LP, a fund managed by Ruya Partners, has completed a USD 15.5 million (SAR 58.1 million) private capital investment in Epik Foods, one of the largest technology-enabled omnichannel restaurant groups in the UAE, owning and operating various quick service dine-in restaurants, digital brands, meal kits and meal plans, hotel/gym partnerships and a catering division.
The ePlane Company
The ePlane Company, India’s 1st flying electric taxi for up to 10x faster commute & cargo transport has secured $ 14 million funding Series B round Co-led by Speciale Invest and Antares Ventures, with participation from Micelio Mobility, Naval Ravikant, Java Capital, Samarthya Investment Advisor, Redstart (from Naukri), and Anicut.
Conclusion
From November 10 to 15, 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.
