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.
JVP
Erel Margalit’s Jerusalem-based venture capital firm, JVP, has raised $290 million from American investment giant TPG, which manages $269 billion in assets.
ILJIN Electronics
ILJIN Electronics, an electronics manufacturing services (EMS) company under Amber Group, has raised INR 1,200 crore in its first institutional funding round from ChrysCapital and InCred Growth Partners Fund I.
X Square Robot
Chinese humanoid robot startup X Square Robot has raised about $100 million in a new funding round led by Alibaba Cloud.
CredibleX
CredibleX, a lending platform for small and medium businesses (SMEs) in the UAE, is officially regulated by the FSRA at Abu Dhabi Global Market (ADGM).The company has raised a $100 million senior secured credit facility from Pollen Street Capital. This deal is Pollen Street’s first-ever transaction in the UAE.
ProteanTecs
ProteanTecs, a company that builds deep data solutions to monitor the health and performance of electronics, has raised $51 million in a Series D funding round. IAG Capital Partners led the round.
Flipspaces
Flipspaces, an interior design startup, has raised another $9 million (about INR 79 crore) in its extended Series C funding round. The money came from CE-Invests, Panthera Growth Partners, and SMBC Asia Rising Fund.
Starboard Maritime Intelligence
Starboard Maritime Intelligence, a New Zealand-based ocean security startup, has raised NZ$23 million (US$13.8 million) in its Series A funding round.
Marloo
Australian fintech startup Marloo has raised AUD $4.2 million in pre-seed funding to grow its AI-powered assistant for financial advisers. The round was led by Blackbird Ventures.
Orbii
Orbii, a Saudi-based platform that provides embedded credit infrastructure, has raised $3.6 million in seed funding.
X-Hemp
Sustainable building materials startup X-Hemp has raised US$3.4 million in Seed funding, including a final $1 million from investment partner Danehill Group.
Name the top 10 Asian Startups Funding Roundups for this week?
JVP, ILJIN Electronics, X Square Robot, CredibleX, ProteanTecs, Flipspaces, Starboard Maritime Intelligence, Marloo, Orbii, and X-Hemp are the top 10 Asian Startups Funding Roundups for this week.
