Aevice Health secures funding from Denka and Elev8.vc
Aevice Health, a Singapore-based medtech company, has raised an undisclosed amount of funding from Denka and Elev8.vc. The company specializes in advanced respiratory monitoring solutions, including AeviceMD—a wearable smart stethoscope designed for managing conditions like asthma and chronic obstructive pulmonary disease.
The new funding will support Aevice’s global expansion and bolster its R&D capabilities. AeviceMD, approved for use in Singapore and the United States, enables remote health monitoring by providing actionable insights for healthcare professionals.
This investment follows two funding rounds last year. In May 2024, Aevice received USD 1 million from Japanese medtech manufacturer A&D. Later, in August, it raised USD 7 million in a round led by Coronet Ventures, with participation from East Ventures and SG Growth Capital.
Temasek’s GenZero invests in BeZero Carbon
BeZero Carbon, a London-based carbon ratings agency, has closed a USD 32 million Series C funding round led by Temasek-founded GenZero, with additional support from Japan Airlines and the Translink Innovation Fund.
The round also saw participation from existing investors EDF Pulse Ventures, Hitachi Ventures, Illuminate Financial, ICE, Molten Ventures, Qima, and Quantum Innovation Fund.
Established in 2020, BeZero provides independent, risk-based carbon ratings and risk management tools to aid businesses in investment decision-making. The company operates subsidiaries in New York and Singapore.
The new funds will enable BeZero to expand its coverage across compliance markets and enhance its automation and data analytics capabilities, utilizing AI to scale its ratings and insights.
Airwallex completes acquisition of MexPago
Airwallex, a cross-border fintech platform, has completed its acquisition of MexPago, a licensed electronic payment fund institution based in Mexico. Initially announced in October 2023, the acquisition’s closure follows regulatory and customary approvals, cementing Airwallex’s entry into the Latin American market.
This acquisition provides Airwallex with localized infrastructure to assist Mexican businesses and facilitate cross-border transactions for customers entering the region.
MexPago CEO and founder Luis Castillejos Ordaz will assume the role of Mexico country manager for Airwallex, spearheading growth initiatives and client onboarding.
Separately, Airwallex has also obtained a payment institution license from Brazil’s central bank, enabling operations in the region’s two largest economies.
W Capital Markets completes Series B round to expand corporate finance services
W Capital Markets, a Singapore-based corporate finance firm, has completed a Series B funding round with contributions from various investors, including a family office, business executives, and existing backers. Specific investor names were not disclosed.
Founded in 2018 by investment banker Wayne Lee, the firm holds a capital market services license in Singapore. It is also an accredited SGX Mainboard IPO issue manager and a Catalist continuing sponsor authorized by Singapore Exchange Securities Trading Limited.
The capital will be used to expand W Capital’s advisory services, with a focus on supporting companies seeking listings on international exchanges, such as Nasdaq.
Skor, MetAI, Hitems, and more made recent headlines:
- Skor Technologies, an Indonesian fintech company, confirmed it raised USD 6.2 million in a pre-Series A funding round led by Argor Capital. The round also saw participation from QED Investors, Saison Capital, and new backer Digital Currency Group.
- MetAI, a digital twin solutions provider, raised USD 4 million in seed funding, with participation from Nvidia, Kenmec Mechanical Engineering, Solomon Technology, SparkLabs Taiwan, Addin Ventures, and Upstream Ventures.
- Hitems, an AI-driven design platform founded by Ren Lifeng, a former ByteDance executive, secured an eight-figure RMB sum in a pre-Series A funding round. Meituan’s DragonBall Capital led the round, with participation from Jinqiu Fund, HongShan, and IDG Capital.
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