Funding Wrap of The Week | Asian Startups Funding Roundup | August –18 August 23

Asian Startups raised capital in order to expand and move into more successful. Here is this week’s Top 10 Asian Startups Funding Roundup.

AirAsia

AirAsia Bhd has Secured US$443 million dual-tranche private funding to renovate planes grounded during the epidemic, according to sources.

According to individuals who asked not to be named because they were discussing private things, Ares Management Corp. and Indies Capital Partners Pte Ltd, two private credit funds, contributed a US$200 million tranche for the aircraft’s renovations to get them back in the air.

AIIB

The Asian Infrastructure Investment Bank (AIIB), based in Beijing, raised $300 million for its first bond issue by utilizing blockchain technology from Euroclear, the World Bank’s blockchain platform.

The AAA-rated bond has a January 2027 maturity date and a 4% coupon. This was released via the distributed ledger (DLT) technology from Euroclear.

Pathalys Pharma

Pathalys Pharma, a Research Triangle Park, NC biopharmaceutical startup developing kidney disease medicines, raised $105M in Series B funding.

Leading the round was TCGX, backed by founding investors of Pathalys, Catalys Pacific and DaVita Venture Group, as well as additional investors Marshall Wace, Samsara BioCapital, JP Morgan Life Sciences Private Capital, KB Investment, and JPS Growth Investment Limited Partnership.

Siepe

Siepe, a Dallas-based private credit and CLO manager software and technology provider, raised $30M in Series B funding.WestCap led the round.

The money will support a multi-product strategy, AI and machine learning expansion, and strategic partnerships.

Resal 

Resal, an online gifting platform situated in Saudi Arabia, has Secured a $9 million Series A funding round.

In addition to other angel investors, the funding round was supported by Derayah Ventures Fund, Al-Wafrah AlThanya Investment Company, Venture Souq FinTech Fund, ADDiriyah Asset Management, Nomad Holdings, Bugshan Investment Group, and many family offices.

PostEx

A fintech business called PostEx has raised $7.3 million in its pre-series A funding round. This is an important stage for startups like PostEx that want to hit major milestones and accelerate growth before moving on to a larger Series A investment.

Before the series For entrepreneurs, funding is a vital source of capital that helps them perfect their products, get their foothold in the market, and hit important milestones that open doors to more funding rounds.

SleekFlow

Singapore-based omnichannel conversational AI suite SleekFlow raised US$7 million in a Series A extension round sponsored by South Korean VC company Atinum Investment.

AEF Greater Bay Area Fund (under Gobi Partners GBA management) and Transcend Capital Partners, two previous investors, participated in the round. Participating was Moses Tsang, the former Chairman of Goldman Sachs (Asia) LLC and General Partner of the Goldman Sachs Group.

Enteligent

Enteligent, a Morgan Hill, California-based company that creates solar-powered DC-to-DC chargers for EVs, has raised $6 million in capital. Taronga Ventures spearheaded the round.

The company plans to use the money to increase both its development and operational efforts.

Kubiya

DevOps conversational AI solution provider Kubiya closed its $12 million Seed round with a $6 million equity and debt extension.

AI Teammates, a new platform that delegate hard duties to digital colleagues through organic, human-like conversations, was also revealed.

DiMuto

Startup DiMuto, which provides FOOD supply chain solutions, announced on that it has raised $5.9 million in funding during its Series A round.

The Yield Lab Asia Pacific, a venture capital firm, led the round. Great Giant Pineapple, SGInnovate, and Seeds Capital—the investment branch of Enterprise Singapore—joined the round as current investors. Dave Chen, Gold Sceptre, and Sis Cloud Global Tech Fund 8 are among the other investors.