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.
Mal
Mal, an AI-based Islamic digital bank founded by fintech entrepreneur Abdallah Abu-Sheikh, has raised $230 million in strategic funding.
Torq
Cybersecurity company Torq has raised $140 million in Series D funding. This new funding values the company at $1.2 billion. Torq builds an AI-based platform that helps security teams manage and automate their security operations centers. With this latest round, Torq has now raised a total of $332 million in funding.
Novee Security
Novee is a cybersecurity startup that has raised $51.5 million in Seed and Series A funding within just four months. The funding rounds were led by YL Ventures, Canaan Partners, and investor Oren Zeev through Zeev Ventures.
Pee Safe
Pee Safe, a women’s hygiene and wellness brand, has raised $32 million in a funding round led by OrbiMed, a global healthcare-focused investment firm.
Emversity
Emversity, an edtech startup, has raised $30 million (₹271 crore) in a Series A funding round led by Premji Invest, with support from Lightspeed and Z47.
Converge Bio
Converge Bio, an AI-based startup founded in Israel that helps speed up drug discovery and development, has raised $25 million in Series A funding. With this new round, the company’s total funding has reached $30 million.
EstateXchange
A startup founded by childhood friends that helps manage deceased estates has raised $12.5 million in its first funding round.EstateXchange is backed by Macquarie Capital, OIF Ventures, and billionaire Paul Little’s family office.
Veera
Veera, a crypto-based financial services platform focused on easy access and inclusion, has raised $10 million through its pre-seed and seed funding rounds. The funds will be used to improve its product and expand access to on-chain financial services worldwide.
eMushrif
Oman’s tech-enabled mobility startup eMushrif has raised USD 7.5 million in a funding round led by Jasoor Ventures with participation from Phaze Ventures, ITHCA Group, IDO Investments and Annex Investments.
SPEC Toolbox
SPEC Toolbox (formerly CLT Toolbox) is a construction technology company that has raised $3 million in a Pre-Series A funding round.
Name the top 10 Asian Startups Funding Roundups for this week?
Mal, Torq, Novee security, Pee Safe, Emversity, Converge Bio, EstateXchange, Veera, eMushrif, and SPEC Toolbox are the top 10 Asian Startups Funding Roundups for this week.
