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Deals in brief: Baskit’s seed round extension, major deals in China, and more

Written by Gideon Ng Published on   4 mins read

Bringing you the latest news briefs on fundraising activities in the Asia Pacific.

Technology companies across the Asia Pacific raised approximately USD 510 million in total, based on 32 deals we tracked this week. This excludes 15 deals with undisclosed funding amounts.

Among this week’s deals include investments in companies such as Allozymes, Neurophth Therapeutics, and DotBio, which may indicate a growing investor interest in the health tech and biotechnology domains.

Companies in China also continue to receive strong support from investors, with investments spread across a variety of sectors such as semiconductor manufacturing, agriculture, and industrial technology.

That’s all for this week. If there are any news or updates you’d like us to feature, you can also get in touch with us via [email protected].

Baskit announces seed round extension with two new investors

The Indonesia-based supply chain digitization startup has announced a seed round extension backed by new investors Korea Investment Partners and Golden Equator Ventures.

The extension round follows their initial seed round that raised USD 3.3 million in June, and a pre-seed round of USD 1.5 million in March earlier this year. The additional funds will further support Baskit’s mission to modernize and improve distribution in Indonesia’s supply chain landscape.

Bintang Capital Partners supports Blue Planet’s sustainable waste management solutions with investment

The Singapore-based sustainable waste management company has received an investment from Bintang Capital Partners Berhad via its maiden fund, BCP Asia Fund I L.P., to aid the ongoing expansion of its sustainable waste management technologies and capabilities.

The funds will be used to expand Blue Planet’s team and its portfolio of waste management solutions, potentially enabling it to manage and process more types of waste across new and existing markets.

RimiXlight raises RMB 1 million in angel round

The China-based agritech startup has secured RMB 1 million (USD 138,000) in an angel round of financing. RimiXlight will allocate the funds to several areas including the advancement of production R&D, and branding, among others. 36Kr

HGC Lighting Solutions completes Series C1 round

The China-based lighting and optical device enterprise has secured an undisclosed amount of funding from several investors in its Series C1 funding round. It will use the funds to perform in-depth technology R&D and optimize its production capacity of several products. 36Kr

EverGrace secures RMB 50 million in Series A round

The China-based industrial technology company has raised RMB 50 million (USD 6.9 million) in a Series A funding round, with participation from investors including HBSTI’s Optics Valley Industrial Investment, Hubei-based Wing Investment, and other institutions. 36Kr

Aerovent secures Pre-A round funding for expansion

The China-based aviation equipment company has raised an eight-figure RMB sum in a pre-Series A funding round. The funds will primarily be used for technology R&D as well as market expansion efforts to solidify Aerovent’s position in the industry. 36Kr

Geo-chip secures nine-figure RMB investment in Series B round

The Hangzhou-based advanced chip developer has secured a nine-figure RMB investment in a Series B funding round led by several investors including Runcheng Capital, Z&H Investment, and Shenzhen Hi-tech Investment. The funds will be allocated to key areas such as product R&D, marketing, and talent acquisition to elevate Geo-chip’s competitiveness and enhance its brand value. 36Kr

Sun.King Technology completes RMB 16 million Series A round

The China-based semiconductor company has announced the completion of a RMB 16 million (USD 2.2 million) Series A funding round. Sun.King Technology will allocate the funds to construct the company’s latest insulated-gate bipolar transistor (IGBT) and silicon carbide (SiC) module production lines. 36Kr

New Trials Medical Technology completes nine-figure Series A round

The Hangzhou-based medical technology company has secured a nine-figure investment sum following the completion of its Series A funding round. The funds will be used to advance its development of digitized products for clinical research and expand its hospital network. 36Kr

Chosen raises eight-figure RMB investment in Pre-Series A round

The Hangzhou-based data and risk management company has raised an eight-figure RMB investment amount from Maizun Capital in a Pre-Series A funding round. The funds will be directed towards enhancing its technology and expanding its offerings within the bulk commodity market sector. 36Kr

Chinductor secures angel funding for R&D and expansion

The Zhejiang-based electronics company has completed an angel round of financing, securing an eight-figure RMB investment. Chinductor will use the funds obtained to advance its technology R&D, streamline key processes, and elevate product iteration levels. 36Kr

ICYMI, these deals also headlined this week:

  • Meatable, a Netherlands-based food tech company, raised USD 35 million in its latest funding round led by Agronomics. The round also included participation from investors such as Invest-NL, BlueYard, Bridford, MilkyWay, DSM Venturing, and Taavet Hinrikus. The funds will support Meatable’s expansion and the commercial launch of cultivated meat offerings.
  • Oladance, a wearable audio products company, raised an eight-figure investment in an angel round of financing led by BlueRun Ventures and Black Ant Capital, with Beeplus Capital also participating. The funds will be used for technology and product R&D, supply chain enhancements, consumer services, and brand-building activities.
  • Disprz, an India-based enterprise SaaS learning and skilling platform, raised USD 30 million in a Series C funding round led by Lumos Capital Group and 360 ONE Asset (IIFL). The funding will drive Disprz’s product development, expand its presence in Southeast Asia, India, and the Middle East, and facilitate its entry into the US market.

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