Binance secures USD 2 billion investment from MGX
Binance, the world’s largest cryptocurrency exchange, has received a USD 2 billion investment from Abu Dhabi-based technology investor MGX. The deal grants MGX a minority stake in Binance, marking its first move into the cryptocurrency and blockchain sectors.
Binance, which employs a significant portion of its staff in the UAE, has reportedly played a key role in shaping the emirate’s progressive cryptocurrency regulatory framework.
The funding will support Binance’s expansion of compliance and security measures, the development of AI-driven blockchain solutions, and the reinforcement of its position as a leader in crypto trading.
Amber International debuts on Nasdaq following merger
Amber International, a Web3 financial solutions and infrastructure provider, has begun trading on Nasdaq under the ticker “AMBR” following its merger with iClick Interactive Asia Group on March 12. The company now operates as Amber Premium.
The merger positions Amber Premium as a key player in institutional crypto financial services, bridging traditional and decentralized finance. It provides regulated market access, execution infrastructure, and investment solutions tailored for institutional investors and high-net-worth individuals.
Post-listing, Amber International will focus on four strategic areas: expanding trading infrastructure, developing tokenized real-world assets (RWAs), strengthening institutional partnerships, and advancing regulatory compliance.
Amber Premium is a core subsidiary of Amber Group.
Insilico raises USD 110 million in Series E round
Insilico Medicine, an AI-driven drug discovery company, has secured USD 110 million in an oversubscribed Series E funding round led by Value Partners Group, an Asian asset management firm. The round attracted new industry and technology-focused investors and included continued support from existing backers.
The funding will accelerate Insilico’s AI-powered drug pipeline, enhance automated R&D processes, and refine its generative AI platform, Pharma.AI. The company will prioritize clinical validation of its flagship candidate for idiopathic pulmonary fibrosis (IPF) while advancing additional AI-developed drug pipelines.
Insilico has secured more than USD 2.1 billion in outlicensing agreements with companies such as Fosun Pharma, Exelixis, and Menarini. It has also established USD 1.4 billion in drug development collaborations with partners including Sanofi and Saudi Aramco.
The company plans to use the new capital to expand AI-driven research applications in the life sciences sector and further integrate robotic lab automation into drug development.
Recent deals completed in China:
- Noetix Robotics, a humanoid robotics company, has raised over RMB 100 million (USD 14 million) across its Series A and A+ funding rounds. Investors in the Series A round included Shenqi Capital, Beijing Future Science City Fund, Tianqi Capital, Gloss Capital, and New Oriental Education and Technology Group. The Series A+ round was led by BeFor Capital, with participation from Hua Qiang Capital. Noetix Robotics has completed five funding rounds to date and is now launching a new round to advance its technology and expand its market presence. —36Kr
- OptFuture, a developer of next-generation industrial design solutions, has raised an eight-figure RMB sum in its Series A1 and A+ funding rounds. The Series A1 round was led by Rainforest Fund, with participation from FreesFund, while the Series A+ round was solely backed by Heshijia Capital. The fresh capital will be used for R&D and channel expansion. —36Kr
- Tiyi Technology, a developer of high-end shape memory alloy products, has secured an eight-figure RMB sum in a Series A+ funding round from BGI Co-Win and other investors. The company will use the funding to build a material production line and expand its product portfolio. Tiyi Technology previously raised angel funding from K2VC in 2022 and a Series A round from Orient Securities and Habo Technology Investment Partners in 2023. —36Kr
- Tang San Liang Tavern, a liquor retail brand, has completed an angel funding round, raising nearly RMB 10 million (USD 1.4 million) with investment from Challenjers. The funds will be allocated toward store expansion and brand marketing. —36Kr
- Qianjue Technology, an embodied intelligence company, has raised an eight-figure RMB sum in a pre-Series A funding round. The round was co-led by Empyrean Venture and Detong Capital, with strategic investment from Boomy Intelligent Technology. Maple Pledge served as the financial advisor. The funding will support team expansion and global commercialization. —36Kr
- LynxAI, an AI-based solutions provider for cross-border e-commerce, has raised a seven-figure RMB sum in an angel funding round. The investment came from a major cross-border e-commerce seller, with Huajun Overseas Capital participating and serving as the financial advisor. The funds will be used for training product innovation models, expanding the R&D team, and standardizing product offerings. —36Kr
- Shifang Technology, a digital spray printing solutions provider, has raised an undisclosed amount in a new funding round. The investment was led by Yijun Capital and was oversubscribed, with participation from existing investors. The fresh capital will be used for product R&D, market expansion, and working capital. —36Kr
- Senyi Technology, a quantum materials startup, has secured an eight-figure RMB sum across its angel and pre-Series A funding rounds. The angel round was solely backed by Lan Fund, while the pre-Series A round saw investments from two publicly listed industry players. The funding will be used for capacity expansion, R&D, and market development. Senyi specializes in magneto-optical crystals and specialty ceramics, key materials in optical isolators and circulators used in optical communications. —36Kr
Elevarm, Shoppable, SpaceIn, and more made recent headlines:
- Elevarm, an Indonesia-based agritech company, raised USD 4.25 million in a pre-Series A funding round led by Intudo Ventures. Existing investors Insignia Ventures Partners and 500 Global also participated.
- Shoppable, a supply chain technology startup, raised USD 1.16 million in a seed round led by Ignite House of Innovation. Other investors include Tenco Capital, Indelible Ventures, ApolloTech Ventures, the Manila Angel Investors Network, Seaborne Capital Partners, and Select Ventures Holding.
- SpaceIn, a Malaysian space tech company, secured an investment from 1337 Ventures. The financial details were not disclosed.
If there are any news or updates you’d like us to feature, get in touch with us at: [email protected].