Friday, December 6, 2024
HomeRecent ArticlesFunding Wrap of The Week | Asian Startups Funding Roundup | July...

Funding Wrap of The Week | Asian Startups Funding Roundup | July 21–July 26

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

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

Masdar

Abu Dhabi’s clean-energy provider Masdar raised $1 billion in its second green bond issue, with two $500 million tranches having five- and ten-year tenors and 4.875% and 5.25% coupons.

Demand was high, with an order book of $4.6 billion, a 4.6-fold oversubscription. International investors received 70% and MENA investors 30%.

Golden Energy and Resources

As private credit continues to bridge a funding gap for the mostly unbanked sector, a consortium led by Singapore’s Golden Energy and Resources has raised $850 million to buy South32’s Australian coking coal holdings, two sources told Reuters.

According to two people acquainted with the situation,Golden Energy and Resources Illawarra Met Coal would receive a $600 million loan from a syndicate consisting of five private credit lenders and one international investment bank for the purchase of South 32’s Illawarra metallurgical coal business.

Pathfinder

Prior to going public on the NASDAQ, Silver Rock Group had invested $325 million in Pathfinder, a UAE-based provider of retail IT solutions.

Established in 2000 by Sadique Ahmed, and Ahmed Hussain, Pathfinder provides solutions that boost client engagement and propel company growth.

MNT-Halan

Egypt’s MNT-Halan raised $157.5 million, including $40 million from the International Finance Corporation, and the rest from DPI, Lorax Capital Partners, Apis Partners LLP funds, Lunate, and GB Corp.

Mounir Nakhla founded MNT-Halan in 2017 to provide lending, purchase now pay later, e-commerce, payments, mobility, and on-demand logistics.

Magenta Medical

Global healthcare investment firm Novo Holdings led a $105 million fundraising round for Magenta Medical, the company behind the world’s smallest heart pump, Elevate.

In this round, current investors OrbiMed, New Enterprise Associates (NEA), JVC Investment Partners, and ALIVE – Israel HealthTech Fund joined along with new investors Viking Global Investors and RA Capital Management.

Dazz

Dazz, an Israeli unified security remediation company, closed a $50 million investment round headed by Greylock, Cyberstarts, Insight Partners, and Index Ventures.

New funding takes the company’s total to $110 million. Without a valuation, “TechCrunch” reported that the money was raised at roughly $400 million.

Scopio Labs

Tel Aviv-based Scopio Labs raised $42Million for full-field digital cell morphology imaging and analysis platforms.

Leading the round, which raised the total to $130 million, was Fortissimo Capital, with participation from current investors.

Addionics

The General Motors investment arm, GM Ventures, and the Deep Insight fund sponsored a $39 million Series B round that Israeli autotech startup Addionics successfully concluded.

Along with a number of new and current investors, Union Tech Ventures, Delek Motors, Next Gear Ventures, Doral, Catalyst, Iron Nation Arc Ventures, GiTV, Susten, KCP, 8090 Industries, Jeff Horing, and other current investors, Scania, a multinational manufacturer of trucks and buses, also took part in this round.

Rebellions

The Wa’ed Ventures Fund of Saudi Aramco has revealed a $15 million investment in Rebellions, a South Korean startup that develops chips and artificial intelligence.

The investment is a follow-on to the Series B round that the Korean company concluded earlier this year, raising $225 million over the total amount invested to create the company, which brought in $124 million.

BitLayer Labs

The first Bitcoin Layer 2, Bitlayer Labs, situated in Singapore and founded on the BitVM architecture, successfully completed its $11 million Series A investment round.

According to a release from Bitlayer Labs, the round is spearheaded by prominent figures in the industry, Franklin Templeton and ABCDE, who are contributing significant financial and strategic resources that will facilitate it’s growth.

Frequently asked questions (FAQs)

Name the Top 10 Asian Startups Funding Roundup in this week ?

Masdar, GoldenEnergyand Resources, Pathfinder, MNT-Halan MagnetaMedical, Dazz, Scopio Labs, Addionics, Rebellions,BitlayerLabs are the Top 10 Asian Startups Funding Roundup in This Week.

- Advertisement -
RELATED ARTICLES
- Advertisment -

Most Popular