FB Pixel no scriptDeals in brief: Crowdworks achieves IPO milestone in South Korea, Chinese companies secure nine-figure RMB deals, and more | KrASIA

Deals in brief: Crowdworks achieves IPO milestone in South Korea, Chinese companies secure nine-figure RMB deals, and more

Written by Gideon Ng Published on   3 mins read

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

Crowdworks becomes first AI training data platform to list on South Korea’s KOSDAQ

The artificial intelligence training data platform company has become the first in its field to list on South Korea’s KOSDAQ market through a SPAC merger completed a week ago, on August 31. Crowdworks achieved this milestone less than seven years after it was first founded, which is more than twice as fast as the average time taken by other listed KOSDAQ companies, which is 14.3 years.

In the first quarter of this year, the company’s revenue increased by 242% compared to the same period the previous year, attributed to the increasing adoption of AI by corporations. More businesses have turned to Crowdworks for access to high-quality AI training data, a critical component in their AI development projects.

iMin Technology raises USD 5 million in pre-Series A round

The Singapore-based point-of-sale (POS) devices provider has raised USD 5 million in a pre-Series A funding round led by Yonghua Capital. The funding comes as global demand for digital commercial devices, such as POS terminals, industrial scanners, and self-service kiosks, continues to grow.

Kupu raises USD 6 million in latest funding round

The Indonesia-based recruitment platform has revealed the completion of a USD 6 million funding round led by Ascend Global Investment Fund. The private equity investment fund, managed by Singapore’s Ascend Capital Advisors, joins Kupu’s list of investors including Sinar Mas Group.

Kupu will use the capital to grow its market share and improve its smart recruitment features. —Tech in Asia

TANGGapp raises USD 2.5 million in seed round for market expansion

The remittance startup, dual headquartered in the US and the Philippines, has secured USD 2.5 million in a seed funding round aimed at supporting its expansion efforts into new markets. —DealStreetAsia

Anmuquan (AMQ) Intelligent Technology secures RMB 400 million in Series C round

The Changsha-based company, specializing in advanced integrated circuit packaging and testing solutions, has raised RMB 400 million (USD 55.1 million) in a Series C funding round, led by state-affiliated Hunan Xiangjiang State-owned Capital Investment. —DealStreetAsia

FancyTech closes Series B round to raise nine-figure RMB sum

The China-based generative AI company has raised around RMB 100 million (USD 13.7 million) in a Series A funding round led by DCM Ventures, with participation from existing shareholders WestSummit Capital, GSR Ventures, among others.

FancyTech specializes in the generation of product videos for e-commerce stores. It will use the funds to support technology R&D and expand into new markets. 36Kr

MiyaHealth, Facets.cloud, MediBuddy, and more led yesterday’s headlines:

  • MiyaHealth, a Singapore-based software-as-a-service health tech firm, raised SGD 2.4 million in a pre-Series A extension round, bringing the total fundraise to SGD 10.4 million. The round was led by Fondation Botnar, with participation from existing investors ST Engineering Ventures, Elev8, and HealthXCapital. The funds will be used to expand the coverage of its AI-driven digital healthcare solutions across Europe and Southeast Asia, starting with Poland, Indonesia, and the Philippines.
  • Facets.cloud, a Bangalore-based infrastructure management platform, secured USD 4 million in a seed funding round. The round was led by 3one4 Capital, with participation from Neon (formerly known as 100x Entrepreneurs) and angel investors including Abhinav Asthana, Pallav Nadhani, Aneesh Reddy, Krishna Mehra, and Sreedhar Pedinneni. The funds will be used to expand into the US market, develop its platform engineering philosophy, and enhance its product offerings.
  • MediBuddy, an India-based digital healthcare platform, raised USD 18 million in funding from existing investors Quadria Capital, Lightrock, and TEAMFund. The funds will be used for strategic acquisitions.

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


Auto loading next article...