Asian Startups raised capital in order to expand and move into more successful. Here is this week’s Top 10 Asian Startups Funding Roundup.
The Top 10 Asian Startups Funding Roundup of This Week
Table of Contents
Upstage
Upstage AI, a pioneering AI company specializing in large language models and Document AI, today announced that it has raised $72 million in a Series B.
The Series B round was led by a group of prominent investors, including SK Networks, KT, Korea Development Bank (KDB), Shinhan Venture Investment, Hana Ventures, Mirae Asset Venture Investment, and IBK Securities.
GPS Renewables
GPS Renewables, a clean fuels-focused full-stack technology company in India, announced that it has secured $50 million in debt financing from NBFCs and banks in both the public and private sectors.
According to a press statement from the company, Punjab National Bank, HDFC, Yes Bank, HSBC Bank, Kotak Mahindra Bank, ICICI Bank, Citibank, Vivriti Capital, Northern Arc, Spark Capital, Tata Capital, and SIDBI are among the financial institutions taking part in the latest funding round.
Altum Credo
Altum Credo, an affordable housing finance company driven by technology and backed by Z3Partners and Oikocredit has raised $40 million in its Series C funding round.
Aavishkaar Capital, Amicus Capital, and PS Pai & family, as well as British International Investment, the UK’s development finance institution and impact investor were investors for it.
ProcMart
ProcMart, a B2B procurement platform, announced that it had raised $30 million in a Series B fundraising round headed by the Edelweiss Discovery Fund and Fundamentum Partnership, both sponsored by Nandan Nilekani.
Additionally, Paramark Ventures, a South Korean company, participated in the financing. Sense Ventures and IndiaMART are two of the company’s current investors.
Greeneye Technologies
Greeneye Technology, the pioneer of AI-enabled precision spraying technology that is proven to reduce herbicide use in farming by an average of 88%. They complete $20m funding round led by Israeli investment company Deep Insight.
The round is supported by existing investors Syngenta Group Ventures, JVP, Orbia Ventures, and Eyal Waldman, the founder and former CEO of Mellanox, as well as other notable new investors.
Cynomi
Cynomi, a Israel-based developer of vCISO platforms for MSPs and MSSPs has raised $20 million in funding. Canaan led the investment, with return investors including Flint Capital, s16vc, and Aloniq.
Cynomi is an AI-powered vCISO platform, designed to serve MSPs and MSSPs. This platform is a strategic solution that automates CISO expertise, capabilities and tasks.
RING
RING has received venture loan capital from Trifecta Capital totaling roughly $12 million. RING intends to use the debt facility for on-lending and growing its loan book off its balance sheet.
Trifecta and the RING team, together with its founders Krishnan Vishwanathan and Ranvir Singh, are expanding their cooperation for the second time.
LightFury Games
LightFury Games has raised $8.5 million in seed funding round led by venture capital firm Blume Ventures.
The Japanese mobile entertainment company Mixi, the micro-venture capital company Gemba Capital, and angel investors Kunal Shah and Gaurav Munjal were also involved in the round.
Miggo Security
Miggo Security a cybersecurity firm based in, Israel called has raised $7.5 million in seed money for its application detection and response platform.
YL Ventures led the investment, and participants included former CISOs of Google, Zscaler, and Nike, as well as cybersecurity executives from Elastic and Everon.
Jago
Jago, an Indonesian mobile café business, raised $6 million in a Series A fundraising round led by its current investors, Intudo Ventures and BEENEXT Accelerate, with the goal of expanding its service coverage and modernizing its fleet.
The company was founded by Yoshua Tanu and Christopher Oentojo, a relative. The latter is a co-founder of the upscale coffee company Common Grounds, while the former is vice president of products at Gojek.
Frequently asked questions (FAQs)
Name the Top 10 Asian Startups Funding Roundup in this week ?
Upstage, GPS Renewables, Altum Credo, ProcMart, Greeneye Technologies, Cynomi, RING, LightFury Games, Miggo Security, Jago, are the Top 10 Asian Startups Funding Roundup in This Week.
