Coolmate completes Series B funding round for Southeast Asia expansion
Coolmate, a Vietnamese D2C menswear brand, has closed its USD 6 million Series B funding round, led by Vertex Ventures Southeast Asia & India, marking a milestone in its push beyond local borders.
Founded in 2019, Coolmate has grown into a brand known for its sharp focus on quality and affordability, blending traditional apparel with sustainable innovation.
This funding will support Coolmate’s ambitions to expand across Southeast Asia, deepen product development, and build omnichannel retail experiences.
PangoCDP raises USD 1.5 million in seed round
PangoCDP, a Vietnamese B2B startup, has secured USD 1.5 million in seed funding from Kairous Capital, according to Vietnam Investment Review.
PangoCDP specializes in connecting businesses through social chat apps integrated with a customer data platform, offering a suite of tools and mini apps powered by a robust data infrastructure. Through a strategic partnership with the Zalo messaging app, PangoCDP is said to have onboarded over 120 enterprises across various sectors.
With its latest funding, PangoCDP is poised to scale, expand partnerships, and refine its toolset to meet the demands of a rapidly evolving retail ecosystem.
Chickin confirms USD 20 million Series A+ round
Chickin, an Indonesian agritech startup, has confirmed it raised USD 20 million in Series A+ funding, combining USD 15 million in equity and USD 5 million in debt.
Founded in 2018, Chickin supports poultry farmers across Indonesia by providing farm management tools that offer data insights to drive productivity and financial stability.
The funding, led by Granite Asia, East Ventures, Integra Partners, and the Asian Development Bank (ADB), will accelerate Chickin’s production capacity, expand its internet-of-things integrations, and strengthen its value chain.
Viture closes new funding round to accelerate XR innovation
Viture, an extended reality (XR) company, has closed a new funding round with backing from Singtel Innov8, BlueRun Ventures, BAI Capital, and Verity Ventures.
Known for its flagship XR glasses, the Viture Pro, the company continues to break boundaries, adding features like electrochromic lenses and built-in myopia correction that make XR more accessible.
With this capital, Viture plans to enhance its hardware and software ecosystems, targeting cloud gaming, remote collaboration, and more.
Earthodic secures USD 4 million to advance bio-based packaging solutions
Brisbane’s Earthodic, a startup reimagining sustainable packaging, has raised USD 4 million in a seed funding round led by FTW Ventures, with support from Circulate Capital, Queensland Investment Corporation, and other investors.
Earthodic’s bio-based coatings offer a circular alternative to plastic, tackling a key contributor to landfill waste. This funding will propel Earthodic’s expansion into the US, following trials at Western Michigan University.
Recent deals completed in China:
- Yhope Tech, a Beijing-based provider of intelligent industrial solutions, has secured RMB 30 million in a pre-Series A round from South China Venture Capital and Heding Co Investment. The company, founded in 2022, aims to channel these funds into product R&D, expanding its teams both domestically and internationally, and enhancing production capabilities. —36Kr
- Zhiyuan Shenlan, specializing in data-driven biomolecular design, has raised an eight-figure RMB sum in a seed funding round led by Innoangel Fund, with participation from Shuimu Tsinghua Alumni Seed Fund and Lingyi Capital. Founded in 2024, Zhiyuan Shenlan will allocate the capital toward developing a biogenerative artificial intelligence platform, building automated platforms for protein and peptide development, and expanding its commercial reach. —36Kr
- Xiangliang Fangcheng, a developer of an AI-driven digital human platform, has secured nearly RMB 10 million in angel funding from Zhencheng Capital, Beijing Jixin, and Shanghai Angel Group. —36Kr
- Virtu Pharmako, a biopharmaceutical firm, has raised RMB 250 million across its Series A and A+ funding rounds. Shanghai ZJ Leading VC led the Series A investment, with subsequent funds from returning investors and the founding team. The funds will support clinical studies, production projects, and daily operations focusing on biosimilars, biopharmaceuticals, and innovative drug pipelines targeting insulin and GLP-1 receptor agonists. —36Kr
- Visiotrip, a Shanghai-based tourism technology provider, has closed a RMB 100 million Series A funding round with investments from Shenbao Yiben Fund, a fund under Guangzhou City Construction Investment Group, Gaorong Ventures, Youshan Capital, and Beijing Asiacom. Proceeds will enhance the development of its “VtripGPT” tourism model, geared toward delivering AI-enhanced travel experiences. —36Kr
- Index Technology, a company focused on applying AI in electronics manufacturing, has completed an angel round of financing, bagging an eight-figure RMB sum. The round was funded by QF Capital, Huagai Capital, Megawave Capital, and a leading manufacturer of printed circuit boards (PCBs). The capital will go toward accelerating R&D in AI-driven electronic design solutions. —36Kr
- ChangingTek, a robotics technology firm, has secured an eight-figure RMB sum in a Series B funding round, jointly led by Chengmei Capital and Zhongguancun Zhiyou Scientist Fund. The company will allocate funds toward advancing its robotics products and expanding its R&D efforts. —36Kr
- QCraft, a smart driving technology company, has raised hundreds of millions of RMB in a Series C+ funding round from Zhulu Juhang Fund. —36Kr
Finfra, DCAP, BuzzAR, and more made yesterday’s headlines:
- Finfra, an Indonesian lending infrastructure provider, secured USD 2.5 million in a funding round led by Cento Ventures, with participation from Accion Venture Lab, Z Venture Capital, Matiss Ansviesulis, and existing investors.
- DCAP, a Malaysian fintech company, secured an undisclosed amount of funding from Gobi Partners through its Gobi Dana Impak Ventures (GDIV) fund, backed by Khazanah Nasional Berhad.
- BuzzAR, a Singapore-based mixed reality company, received USD 1.16 million from HSBC’s New Economy Fund.
If there are any news or updates you’d like us to feature, get in touch with us at: [email protected].