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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Motion Ventures
Motion Ventures has unveiled its US$100 million second fund (Motion Ventures Fund II or “Fund II”) the largest maritime-focused tech fund to date.
NymCard
NymCard, the only embedded finance platform operating across 10+ countries in MENA, has secured $33 million in its latest Series B funding round, led by QED Investors.
Pilgrim
Beauty and personal care brand Pilgrim has raised Rs 200 crore ($23 million) in a funding round led by existing investor Narotam Sekhsaria Family Office (NSFO). The new funding will help Pilgrim expand offline distribution and enhance its R&D.
Yango Group
Yango Group, based in Dubai, has launched a new $20 million corporate venture fund called Yango Ventures.
The fund will focus on supporting early-stage startups in emerging markets, especially in the Middle East, North Africa, Pakistan, Latin America and Sub-Saharan Africa, which have strong startup growth potential but also face economic challenges.
Versa
Versa, a wealth management platform in Malaysia, has finished its Series A funding round, led by AHAM Asset Management Berhad (AHAM Capital). The new funds will be used to attract more users and help grow the company’s products over the next five years.
Slikk Club
Slikk Club, a platform that delivers fashion in 60 minutes, has raised $3.2 million in a seed funding round led by Lightspeed. The company will use the new funds to expand its operations in Bengaluru, aiming to cover 80% of the city’s areas with multiple dark stores.
Kyberlife
Kyberlife, a B2B healthcare e-commerce platform based in Singapore, has raised $3 million in its latest investment round, led by 5I Ventures. Other investors include East Ventures, A2D Ventures, and NUS Alumni Ventures.
Higala
Higala, an instant payment system in the Philippines, has extended its seed funding round to $2.8 million with new investment from Talino Venture Studios, a global firm focused on sustainable innovation. Singapore-based venture capital firm 1982 Ventures led the funding round.
BetterX
BetterX, a B2B platform based in Singapore focused on digital assets, has raised S$2 million ($1.72 million) in a pre-Series A funding round. These new investors join others like Scalare Partners, Wholesale Investor, B7 Capital, and the Founder of Audacy Ventures. Now profitable in Australia, BetterX will use the funds to expand into Asia, the Middle East, and the United States.
Funding Societies
Funding Societies | Modalku (Funding Societies), the largest SME digital finance platform in Southeast Asia, has announced a strategic equity investment from Gobi Partners, an Asia-focused venture capital firm.
Conclusion
From March 16 to 21, 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?
Motion Ventures, NymCard, Pilgrim, Yango Group, Versa, Slikk Club, Kyberlife, Higala, BetterX, Funding Societies,
