FB Pixel no scriptDeals in brief: Binance Labs backs two DeFi protocols, AHG Lab raises pre-Series A funding, and more | KrASIA

Deals in brief: Binance Labs backs two DeFi protocols, AHG Lab raises pre-Series A funding, and more

Written by Gideon Ng Published on   2 mins read

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

Binance Labs invests USD 15 million over two new deals with DeFi protocols

The venture capital and incubator arm of global cryptocurrency exchange Binance has announced the injection of USD 15 million into two decentralized finance (DeFi) protocols. The company invested USD 5 million in the Curve DAO Token (CRV), the utility token for the Curve decentralized exchange, and allocated USD 10 million in funding to Helio Protocol, a platform facilitating lending and borrowing of its over-collateralized decentralized stablecoin, HAY.

The capital injection comes amid Curve’s plan to deploy its platform on the BNB Chain, a blockchain network within the Binance ecosystem. Helio Protocol intends to utilize the investment from Binance Labs to expand its team, diversify its collateral across liquid staking providers, and enhance support for future multi-chain growth.

AHG Lab raises USD 4 million in pre-Series A round

The Philippine-based independent venture builder has raised USD 4 million in a pre-Series A funding round. The funds were contributed by several investors comprising family offices from the US and the Philippines, as well as US-based venture capital and investment funds including Seaborne Capital and Imagine If Partners. Angel investors from the Philippines, the US, and Europe, who had invested in previous funding rounds, also participated.

The funds will be utilized to strengthen AHG Lab’s venture-building efforts, providing increased operational, strategic, and funding support to its portfolio of startups. —TechNode Global

[Updated] Neurowyzr secures USD 2.1 million in additional funding for health tech innovation

The Singapore-based health tech startup has raised an additional USD 2.1 million in funding through a round jointly led by Jungle Ventures and Surge by Peak XV Partners (formerly known as Sequoia Capital India and Southeast Asia) along with participation from multiple angel investors.

The completion of the latest round brings the total amount raised by Neurowyzr to USD 3.3 million. The newly raised capital will be used to accelerate the company’s product development and regional expansion efforts.

Baskit, Meatable, Neurophth, and more led last week’s headlines:

  • Baskit, an Indonesia-based supply chain digitization startup, announced a seed round extension with new investors Korea Investment Partners and Golden Equator Ventures. Following the initial seed round of USD 3.3 million in June and a pre-seed round of USD 1.5 million, the additional funds will further modernize Indonesia’s supply chain distribution.
  • 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.
  • Neurophth Therapeutics, a Chinese ophthalmic technology company, raised RMB 700 million (USD 97.68 million) in a Series C+ funding round from various investors. The capital will be used to finance clinical trials of Neurophth’s gene therapy products and enhance R&D capabilities for expanding its gene therapy product pipeline.

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