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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OX Security
OX Security, a leading company in Application Security, has announced that it raised $60 million in Series B funding. The funding round was led by DTCP and included investors like IBM Ventures, Microsoft, Swisscom Ventures, Evolution Equity Partners, and Team8.
Nuevocor
Nuevocor is a Singapore-based biotech firm has achieved a significant milestone by securing a substantial $45 million Series B funding round. This considerable investment is poised to catapult the development of its gene therapies particularly those targeting genetic cardiomyopathies and heart conditions that currently lack effective treatment options into a new phase of advancement.
Khazna
Khazna, an Egypt-based fintech company, has raised $16 million in its Pre-Series B funding round. The round saw support from both new and existing investors, including Speedinvest, SANAD Fund for MSME, and Capital, AlJazira Capital, Khwarizmi Ventures, Nclude, ICU Ventures, Quona Capital, and DisrupTech Ventures.
Onebeat
Israeli software company Onebest has raised $15 million in new funding. The round was led by Boston-based Schooner Capital, with support from Magenta Venture Partners, Surround Ventures, and others.
Money Fellows
Egypt-based fintech company Money Fellows has raised $13 million in a funding round led by Al Mada Ventures and DPI Venture Capital through the Nclude Fund, with support from Partech, CommerzVentures, and other investors.
Seedflex
Seedflex Technologies, a fintech company based in Singapore and started by two former Grab executives, has raised $3.2 million in extra seed funding. The round was led by Z Venture Capital (ZVC) and Iterative.
XWeave
XWeave, a Singapore-based company that focuses on cross-border payments using stablecoins, announced on Monday that it had raised $3 million in seed funding. Jungle Ventures led the round through First Cheque@Jungle and Lightshift.
iSupply
iSupply, a company that delivers medicines and medical supplies, has signed a $3 million funding deal with Bakra Investment Platform.
Nawgati
Indian fuel tech startup Nawgati has raised $2.5 million in a pre-Series A funding round, with Ajay Upadhyaya leading the investment. Other participants included Vivek Mathur, the MeitY Startup Hub, Aamara Capital, and additional investors. The company plans to use the fresh capital to strengthen its fleet management solutions and expand operations across India and international markets.
Neufast
Neufast, a Singapore recruitment and language training platform, announced on Tuesday that it raised $1.1 million in a Pre-Series A funding round. The round was led by Wavemaker Ventures, the early-stage fund of Wavemaker Partners, with support from existing investor Wings Capital Ventures.
frequently asked questions (FAQ)
Name the top 10 Asian Startups Funding Roundups for this week?
OX Security, Nuevocor, Khazna, Onebeat, Money Fellows, Seedflex, XWeave, iSupply, Nawgati, Neufast are the top 10 Asian Startups Funding Roundups for this week.
