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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Tyme Group
Tyme Group, the multi-country digital banking group head-quartered in Singapore with 15 million customers in Africa and South-East Asia, announced that Nubank, has joined its shareholder base through a strategic investment during its Series D Capital Raise.
bolttech
bolttech, the fast-growing global insurtech, announced Dragon Fund, by Liquidity and MUFG, is leading bolttech’s Series C funding round alongside investors Baillie Gifford, Generali – through Lion River, the Group’s company dedicated to Private Equity, and others, which is expected to total more than US$100 million.
Funding Societies
Funding Societies | Modalku (Funding Societies), the largest unified SME (small and medium enterprises) digital finance platform in Southeast Asia, has raised US$25 million in equity investment from Cool Japan Fund (CJF) – Japan’s sovereign wealth fund. The investment from CJF signifies the fund’s first investment into a Fintech company in Southeast Asia.
Promise Bio
Israel-based Promise Bio, a startup transforming immune-mediated disease treatment with advanced precision medicine solutions, announced its emergence from stealth with an $8.3 million seed investment.
OmniOps
OmniOps, the first Saudi Arabia-based AI Infrastructure Technology provider, has secured a SAR 30 million (approximately $8 million) funding round from GMS Capital Ventures.
Revibe
UAE-based Revibe, a B2C marketplace for renewed electronics has secured US$7 million in funding in a Series A round co-led by ISAI and Resonance, and featuring prominent investors such as Kima Ventures and Edouard Mendy.
GlobalTix
GlobalTix, Asia’s leading ticketing software provider and marketplace distribution platform for the tourism industry, has successfully closed a $5 million Series B funding round. The round was led by Tin Men Capital, a Singapore-based venture capital firm, alongside key investors Seeds Capital and a new addition, a Thai VC firm, ORZON Ventures.
KDAN
Taiwan-based KDAN, a leading SaaS provider, announced a strategic investment of USD4 million led by Japanese real estate giant APAMAN Group (Apaman Co., Ltd.）Combined with a recent multi-million-dollar B+ round from South Korea’s Hancom Group, this latest investment brings KDAN’s total funding to over USD 30 million.
Confido Health
Hyderabad, India-based HealthTech startup Confido has raised $3 million funding in seed round led by Together Fund and saw participation from MedMountain Ventures, Rebellion VC, DeVC, Operators Studio, and several other healthcare operators.
Curie Money
India-based Fintech startup Curie Money has secured $1.2 million in a seed funding round led by India Quotient. Institutional investors and angel investors participated.
Conclusion
From December 15 to 20, 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.
frequently asked questions (FAQ)
Name the top 10 Asian Startups Funding Roundups for this week?
Tyme Group, bolttech, Funding Societies, Promise Bio, OmniOps, Revibe, GlobalTix, KDAN, Confido Health, and Curie Money.
How much total funding did all startups secure this week?
These startups secured a total $411.5 million this week.
