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.
Breadfast
Egyptian e-commerce company Breadfast has raised $50 million in a pre-Series C funding round. The investment was supported by Mubadala Investment Company, a Saudi billionaire family, SBI Investment Co., and Olayan Financing Company, along with other venture capital and institutional investors.
Stake
Stake, a digital real estate investment platform, has raised $31 million in an oversubscribed Series B funding round. The round was led by Emirates NBD, a major banking group in the MENAT region.
Madfu
Madfu, a Saudi fintech startup focused on Buy Now, Pay Later (BNPL) services, has raised SAR 95 million ($25.5 million) in a Pre-Series A funding round.
Venice
Startup Venice, previously known as Valkyrie, has raised $25 million in a Series A funding round. The round was led by U.S.-based investment firm IVP, with support from Index Ventures, Vine Ventures, and Holly Ventures.
Stable Money
Stable Money, a digital platform that helps people invest in fixed-income products, has raised $25 million (about INR 226.8 crore) in a Pre-Series C funding round. The round was led by Peak XV Partners, with support from existing investors Z47, RTP Global, and Fundamentum Partnership.
Solid
Software company Solid has raised $20 million in a Seed funding round. The company has built a platform that helps businesses turn their data into an automated system that supports artificial intelligence (AI).
Starget
Starget Pharma has raised $18 million in its Series A funding round. The investment was led by Ilex Medical along with U.S.-based investors like Louisiana Growth Fund and Cancer Focus Fund BRF, plus other supporters.
CASHIN
CASHIN, a Saudi fintech company focused on the energy sector, has raised SAR 60 million(US$16 million) in a Series A funding round. The investment was led by Impact46. This funding shows strong confidence in CASHIN’s role in improving the digital systems of fuel stations and the energy sector across Saudi Arabia.
Flextock
Flextock, an e-commerce logistics company founded in Egypt, has raised $12.6 million in a Series A funding round. The round was led by TLcom Capital, with support from Conjunction Capital and Capria Ventures, along with several other investors.
Breaker
Australian-based defense technology startup Breaker has raised US$6 million in seed funding. The round was led by Bessemer Venture Partners, with additional investment from Main Sequence, which had also led Breaker’s earlier pre-seed round.
Name the top 10 Asian Startups Funding Roundups for this week?
Breadfast, Stake, Madfu, Venice, Stable Money, Solid, Starget, CASHIN, Flextock, and Breaker are the top 10 Asian Startups Funding Roundups for this week.
