FB Pixel no scriptDeals in brief: Better HR lands bridge funding, Mezzofy secures pre-Series A funding, Mantle EcoFund deploys USD 5 million, and more | KrASIA

Deals in brief: Better HR lands bridge funding, Mezzofy secures pre-Series A funding, Mantle EcoFund deploys USD 5 million, and more

Written by Jeff Chay Published on   3 mins read

Bringing you the latest updates on funding deals and activities in the Asia Pacific.

Better HR secures investment to expand regional presence

Better HR, a Myanmar-based startup that helps small and medium enterprises streamline human resource processes through automation and cloud-based services, has raised an undisclosed amount of bridge funding from Satori Giants and Blibros AB.

Founded in 2019, Better HR provides localized payroll solutions in Singapore, Myanmar, Vietnam, Cambodia, and Sri Lanka, serving a customer base of over 380 companies.

The company plans to use the funding to open additional offices in other key Southeast Asian markets.

Mezzofy raises USD 2 million in pre-Series A funding round

Mezzofy, a digital coupon platform headquartered in Hong Kong, has completed a USD 2 million pre-Series A funding round led by Isola Capital’s IPVF VII, with participation from Ooosh Tech Lab and the Hong Kong government-backed Innovation and Technology Venture Fund (ITVF).

Mezzofy has hosted digital coupon campaigns for over 100 brands in the Asia-Pacific region, including Maxim’s Group, Starbucks Hong Kong, and Hyatt Hotels Corporation. The company said it has managed 400 million digital coupons with a total value exceeding USD 5.1 billion across 15 markets.

The funds will go toward deepening Mezzofy’s presence in existing markets, as well as expanding its operations to the US and Europe. The company also plans to develop its product capabilities using big data, artificial intelligence, and blockchain technologies.

Photo courtesy of Mezzofy.

Mantle EcoFund completes USD 5 million capital call

Mantle EcoFund, a USD 200 million Web3 fund operated by Mirana Ventures, has provided USD 5 million in fresh funding to seven SocialFi and gaming projects as part of its second capital call.

The projects include MetaCene, Blade Games, Co-Museum, Fingerlabs, L3E7, and DreamOS.

Recent deals completed in China:

  • ShengShu, a Beijing-registered AI company, has secured a nine-figure RMB sum in a pre-Series A round of financing. The round was jointly led by Beijing Artificial Intelligence Industry Investment Fund and Baidu, with participation from ZGC Science City. Qiming Venture Partners and several existing shareholders also supported the round. 36Kr
  • Arthur Pharma, a Jiaxing-based drug developer, has completed a Series B round of financing worth several hundred million RMB. The round was jointly led by Yida Taixing Investment and Ningyang Jingkai Investment, with participation from Ruiying Capital, Hangzhou Longying, Zhejiang Age Construction, China Minsheng Bank, JZ Capital, and Hangzhou Sanjiu Erqi. 36Kr
  • Third Age Technology (TAT), a new material developer specializing in various use cases such as semiconductor packaging, has completed a Series A+ funding round. The round saw participation from Inno-chip, Intel Capital, Stony Creek Capital, Gaoyi Venture Capital, Xianjun Investment Management, Chengmei Capital, and LongCapital. The funds will primarily be used for production line construction and R&D. 36Kr
  • Jade Bird Display (JB Display), an advanced display technology company, has completed a pre-Series B round of financing, raising several hundred million RMB. This round was led by Ant Group, with participation from Geely Capital and continued support from existing shareholder GF Qianhe. 36Kr

Latest funding deals in India:

  • LogicLadder, a Gurugram-based climate tech startup offering enterprise software for collecting and analyzing environmental data, has raised USD 2.5 million in a funding round co-led by Big Bang Capital and Rainmatter. —Entrackr
  • Meragi, a Bengaluru-based online marketplace for wedding-related products and services, is set to raise USD 8 million in a funding round led by Accel, with participation from existing investors Surge and Venture Highway. —Entrackr
  • Astrotalk, a Noida-based astrology services platform, has raised USD 14 million in a funding round led by Elev8 Venture Partners, with participation from Left Lane Capital. —VCCircle

eFishery, Jingzhunxue, Lenskart, and more led yesterday’s headlines:

  • eFishery, an Indonesia-based aquaculture company, secured a USD 30 million green and social loan from HSBC Indonesia. The disbursement will be carried out as needed and rolled every 90 days.
  • Jingzhunxue, a Hangzhou-based AI edtech startup, raised RMB 200 million (USD 27.6 million) from Alibaba Group. This investment will bolster the development and promotion of Jingzhunxue’s AI-powered product, Bong.
  • Lenskart, one of Asia’s leading eyewear retailers, raised USD 200 million in secondary investment from existing investors Temasek and Fidelity.

If there are any news or updates you’d like us to feature, get in touch with us at: [email protected].


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