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.
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Asian Startups Funding Roundup
Rapyd
Israeli fintech company Rapyd has acquired European fintech firm PayU from Dutch investor Prosus for about $610 million, according to Calcalist. To close the deal, Rapyd raised $500 million—mostly in equity with a small debt portion.
Chitose Bio Evolution
Chitose Bio Evolution, a biotech company based in Singapore and part of Chitose Group, has raised JPY 7.3 billion ($49 million) by issuing new shares to support its growth.
Klaim
Klaim is a healthcare payments solutions provider located in the United Arab Emirates. To support its regional development aspirations, the company has obtained $10 million in Series A equity capital and an additional $16 million finance fund.
Motery
Motery, a cutting-edge fintech application that is transforming the car purchase scene, is pleased to announce the successful completion of its seed investment round. Motery will be able to grow its offerings and establish itself as a one-stop shop for online auto financing and purchases thanks to this calculated investment.
Elevarm
The Indonesian agritech startup Elevarm has raised $4.25 million in pre-Series A funding headed by Intudo, with involvement from 500 Global and Insignia Ventures Partners, two previous investors.
Agros
Singapore-based agri-tech firm Agros secured $4.25 million in A Series A fundraising round in order to boost its growth and innovation.
Longevity Wellness Hub
Longevity Wellness Hub has raised $4 million to grow its business across the GCC and enhance its focus on personalised, frequency-based wellness solutions.
Okapi
Aquila facilitated the successful closure of a $2 million lending facility for Okapi Technologies, a climate fintech business in the solar financing area based in Malaysia.
Shoppable Business
Shoppable Business, a supply chain tech company from the Philippines, has raised $1.16 million in seed funding to grow and improve its supply chain platform.
Aya
Aya, a new Saudi e-commerce site that is revolutionizing the way people find modest fashion, announced today that its Seed investment round has closed successfully, raising SAR 6 million (USD 1.6 million). Along with Raed Ventures, Joa Capital, FENA Holdings, Turki Alrajhi, and a select group of angel investors, Khwarizmi Ventures led the round.
From February 16 to 21, Asian startups received varied funding. From fintech to deep tech, the region remains robust and ready to attract more investors next week. This increase in funding is a testament to the continuing opportunities for startups in Asia. Next week, we will provide the Asian Startups Funding Roundup, highlighting Asia’s startup ecosystem.
