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SkyDrive Inc. (“SkyDrive”), a leading Japanese eVTOL aircraft (*1) manufacturer based in Japan and Marut Drones, a leading drone technology manufacturer in India signed a memorandum of understanding (MoU) to enter into the partnership to make a significant milestone in the development of futuristic air transportation in India.

SkyDrive Signs MoU with Marut Drones to Collaborate on Transformation of...

Startup Rise - January 18, 2024 0
Tumodo - the business travel platform has raised $35 million in a pre-seed round co-led by MENA-focused angel investors.This funding will fuel the company's presence in the UAE market, further product development, and new partnership opportunities in the MENA market. Also, by 2026, the company plans to scale its platform to 25 more countries worldwide.

UAE-based Tumodo Raises $35 Mn Pre-Seed Funding

Startup Rise - January 18, 2024 0
One of the world’s first bilingual digital health therapeutics solutions, Droobi Health has merged Merges with Smit.fit to form DroobiSmit, with its headquarters in Singapore.

Qatar-based Droobi Health Merges with Smit.fit

Startup Rise - January 18, 2024 0
Food and Beverage Service provider Meals in Minutes has secured US$1.5 million in seed round led by 500 Global with participation from an undisclosed private investor.

Malaysia-based Meals in Minutes Raises US$1.5 Mn Seed Funding

Startup Rise - January 17, 2024 0
Prota Therapeutics Pty Ltd (Prota), an Australian biotechnology company focused on the development of novel oral immunotherapy treatments that induce remission of allergy announced financing of US$21 million in equity and debt financing.

Prota Therapeutics US$21 Mn Financing Led by SPRIM Global Investments

Startup Rise - January 17, 2024 0
ABC Impact, Asia’s leading impact private equity firm announce the successful first closing of its second impact fund, ABC Impact Fund II. Launched in August 2023, ABC Impact Fund II has garnered support from new investors, notably a Southeast Asian sovereign wealth fund.

ABC Impact Secures First Close Of Fund II With Support From...

Startup Rise - January 17, 2024 0
Xyte, developer of the first all-in-one servitization platform for device and hardware manufacturers, today announced a $30 million investment round, which includes $20 million in Series A funding led by Intel Capital, with participation from Samsung Next and existing investors S Capital and Mindset Ventures, as well as $10 million in venture lending from funds and accounts managed by BlackRock. In conjunction with the financing, Roi Bar-Kat, Israel Country Manager and Managing Director at Intel Capital, will join Xyte’s board of directors.

Israel-based Xyte Secures $30M Funding

Startup Rise - January 17, 2024 0
Animoca Brands announced the first phase launch of Anichess, a free-to-play chess strategy video game developed in partnership with Chess.com and five-time World Chess Champion Magnus Carlsen. Anichess offers players a new version of the beloved classic game and is available completely free of charge at www.anichess.com (requires a web browser or mobile-compatible web browser).

Animoca Brands begins Phased launch of ‘Anichess’ in Partnership with Chess.com...

Startup Rise - January 17, 2024 0
Agritech Firm DayaTani Secures $2.3 Mn Seed Funding. Prominent venture capitalists are participating in the funding round, including Northstar Ventures, BRI Ventures, Gentree Fund and Ascent Venture Group, which is led by KBI Investment and MDI Ventures.

Indonesia-based DayaTani Secures $2.3 Mn Seed Funding

Startup Rise - January 17, 2024 0
One of the fastest-growing food brands in India, Wow! Momo has secured Rs 350 crore (approximately $42 million) in Series D round led by Khazanah Nasional Berhad, the sovereign wealth fund of Malaysia.

Wow! Momo Secures Approximately $42 Mn in Series D Round

Startup Rise - January 16, 2024 0
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