Neko Health raises USD 260M to bring body scanning tech to the US
Neko Health, a Swedish health tech company co-founded by Spotify CEO Daniel Ek, has reportedly raised USD 260 million in a Series B funding round led by Lightspeed Venture Partners, according to Bloomberg. The round places the company’s valuation at USD 1.8 billion.
Launched in 2018, Neko Health specializes in artificial intelligence-driven body scanning technology designed to detect conditions such as skin cancer. The company has reportedly conducted over 10,000 scans across Stockholm and London and has built up significant waitlists, indicating strong demand.
The capital will fuel Neko’s entry into the US market and further development of its technology.
Pomelo Group acquires Arrow Checkout to enhance payment infrastructure
Pomelo Group, a B2B fintech company, has announced the acquisition of Arrow Checkout, a Singapore-based e-commerce payments platform. Backed by Y Combinator, Peak XV Partners, and other notable investors, Arrow provides tailored payment and checkout solutions for clients in sectors like automotive and fintech.
As part of the deal, Arrow CEO Neo Liat Beng will transition to Pomelo as chief product officer, while co-founder Sebastian Roervig will lead business development as vice president of sales. Co-founder Sudhan Raj will join Pomelo’s engineering team to bolster technical capabilities.
Nexible Solutions confirms acquisition by Catcha Digital
Nexible Solutions, the developer of Outperform—a sales automation platform powered by generative AI—has confirmed the acquisition of a 51% majority stake in its business by Catcha Digital.
Initially announced in November 2024, the deal values the stake at around MYR 11.4 million (USD 2.6 million) and includes a three-year profit guarantee tied to milestones, with payments to be made in four tranches.
Catcha Digital plans to integrate Nexible’s platform with its digital media network to bolster customer acquisition strategies and optimize sales funnels, aiming to capitalize on opportunities in the regional digital economy.
HEX and EntryLevel merge to tackle employability challenges
Edtech startups HEX and EntryLevel are joining forces to expand their offerings in career reskilling and education, merging to jointly tackle global employability challenges. Terms of the merger were not disclosed.
Post-merger, HEX’s experience in academic program design will be combined with EntryLevel’s reskilling platform to create a more comprehensive course library. Future programs will include topics such as AI, data analysis, and venture capital.
The merged entity also plans to expand operations across markets in Vietnam, China, Nigeria, and India.
Everstone Capital takes majority stake in Wingify
Private equity firm Everstone Capital has acquired a majority stake in Wingify, the India-based creator of the VWO marketing technology platform. The transaction includes an undisclosed investment to drive growth and foster innovation at Wingify.
Wingify CEO Sparsh Gupta and founder Paras Chopra will retain key roles within the company, with Chopra remaining on the board. Everstone and Wingify aim to collaborate on scaling the business further.
Recent deals completed in China:
- QJ Robots, a robotics company focusing on embodied intelligence, has completed two rounds of financing, raising an eight-figure RMB sum in angel funding. The rounds were jointly led by Hua Capital and Rivercity Investment, with participation from Lingyi Capital, Beijing Haisheng Group, Quanxinshi Capital, and Renai Group. Existing investors Shuimu Tsinghua Alumni Seed Fund and Jiushang Capital also reinvested. The funds will be used for R&D, product iteration, and market expansion. —36Kr
- Baiying365, a platform for online-to-offline enterprise services, has secured an eight-figure RMB sum in a pre-Series A funding round. The investor details remain undisclosed. Founded in 2016, the platform specializes in providing tech-enabled repair and maintenance solutions for brick-and-mortar stores. It plans to allocate the funds toward system development, operational expansion, and supply chain upgrades. —36Kr
- New Vision, a metaverse solutions provider, has raised an eight-figure RMB sum in a Series A funding round led by Peakview Capital. It will use the newly raised capital to drive technology R&D, product iteration, and market expansion. —36Kr
- Botinkit, a food tech company, has closed a Series A++ funding round, raising over USD 10 million. The round was led by China Creation Ventures, with Stars Capital serving as its financial advisor. The funds will facilitate Botinkit’s expansion efforts and further development of solutions for the food industry. —36Kr
- Vlai, a supplier of robotic components, has secured a seven-figure RMB sum in an angel funding round led by MiraclePlus. The company specializes in lightweight, high-density integrated joint motors for humanoid and four-legged robots. Vlai will utilize the funds for R&D, product development, and mass production. —36Kr
Sandbox VR, iMotorbike, Banyu, and more made recent headlines:
- Sandbox VR, a provider of location-based virtual reality experiences, raised USD 6.8 million through a convertible note funding round led by Gobi Partners, with participation from Abacus Ventures Growth Fund and Hyphen Capital.
- iMotorbike, a platform for trading pre-owned motorcycles, raised USD 10 million in a Series A funding round led by Headline Asia, with participation from Ondine Capital, 500 Global, Gobi Partners, Astor Management, and Endeavor Catalyst.
- Banyu, a tech-enabled seaweed farming company, raised USD 1.25 million in seed funding led by Intudo Ventures. The funding will support the establishment of a seedling cultivation lab and the scaling of operations in Sulawesi.
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