Funding Wrap of The Week | Asian Startups Funding Roundup | September –1 September 6

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

Syarah

The car sales e-commerce platform Syarah has successfully closed a Series C investment round, raising $60 million, in total. Using the Artal Growth Opportunities Fund, Artal Financial, an independent investment management company with headquarters in Riyadh, spearheaded the round.

SparkLabs

SparkLabs, an early-stage venture finance firm that has backed OpenAI, Vectara, Allganize, Kneron, Anthropic, xAI, Glade (YC S23), and Lucidya AI, is expanding into new AI firms.

Solarvest

Solarvest Holdings Berhad has Raised $25.87 million EPCC contract from P Solar Sdn Bhd to build a solar farm. A 45 MWp solar farm in Mukim Pekan, Pahang, would be made easier by this agreement, which is a component of the Corporate Green Power Program (CGPP), according to a statement released by Solarvest.

Ziina

Ziina, the UAE’s premier financial platform for consumers and businesses, raised $22 million in Series A funding sponsored by Altos Ventures. This round also includes notable investors Fintech Collective, Avenir Growth, Activant Capital, Y Combinator, FJ Labs, MEVP, and Jabbar Internet Group. This considerable capital will help Ziina expand beyond payments to end-to-end financial services for businesses and people.

Sedric

Sedric AI, a financial institution compliance-focused AI platform, secured a $18.5 million Series A fundraising round. New fundraising spearheaded by Foundation Capital and Amex Ventures raises the company’s total capital to $22 million. StageOne Ventures, The Garage, Gefen Capital, Skywell Capital, Secret Chord, and K20 Fund invest in Sedric.

Malaa

The fintech company Malaa, based in Saudi Arabia, has Secured a $17.3 million Series A investment round. Derayah Financial, Khwarizmi Ventures, Impact46, and WKN were among the participants. The deal was led by SNB Capital.

Hypernative

Hypernative, an Israeli company based in Herzeliya that offers web3 devolpers a platform of AI-powered security products, has secured $16 million in Series A funding.

ThinkCyte

ThinkCyte, a Tokyo, Japan- and Redwood City, CA-based biotechnology firm developing scientific instruments, secured $15M in the extension round, closing Series C at $32M.

Bateriku.com

The top provider of connected roadside assistance services in Malaysia, Bateriku (M) Sdn Bhd (Bateriku.com), has Secured $7.4 million in its Series B fundraising round. According to a statement, Kumpulan Wang Persaraan (Diperbadankan) (KWAP), Gobi Partners, VentureTECH SBI Capital LP, and VentureTECH Sdn Bhd provided strategic backing for this transaction.

IDA

Pioneering Hong Kong digital asset developer IDA raised USD6 million in seed funding from blockchain investors CMCC Global, under its Titan Fund, and Hashed. This cash injection will help IDA develop and deploy its first fiat-referenced stablecoin, HKDA, for Hong Kong regulation.

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