FB Pixel no scriptDeals in brief: Deemples bags funding from V Ventures, YesWeHack raises USD 28 million, Innoviti initiates second close of Series E round, and more | KrASIA

Deals in brief: Deemples bags funding from V Ventures, YesWeHack raises USD 28 million, Innoviti initiates second close of Series E round, and more

Written by Marvin Goh Published on   3 mins read

Bringing you the latest updates on funding deals and activities in the Asia Pacific.

Deemples raises USD 2 million from V Ventures

Deemples, a Malaysia-based app-based platform for golfers, has raised USD 2 million from Singapore-based venture capital firm V Ventures.

Deemples is a platform that helps golfers easily find and organize games, from casual rounds to tournaments. According to the company, it has doubled its active golfer base in Malaysia since its last fundraising round.

The company will use the newly raised capital to expand its presence in Southeast Asia and enter new markets. The investment will support building a scalable, top-quality product with a strong focus on innovation and achieving product-market fit, ultimately driving growth into untapped regions.

YesWeHack raises USD 28 million in Series C round

YesWeHack, a bug bounty and vulnerability management platform, has raised USD 28 million in a Series C funding round led by private equity firm Wendel. New investors Adelie and Seventure Partners participated, along with reinvestment from Bpifrance, Open CNP, and Eiffel Investment Group.

Headquartered in Singapore, YesWeHack collaborates with over 100 organizations across the Asia Pacific, including sectors such as financial services, telecommunications, aviation, e-commerce, and government. The company leverages a network of over 30,000 ethical hackers in Asia to provide agile and effective security solutions.

With this funding, YesWeHack intends to solidify its position in the cybersecurity sector. It will enhance its product offerings by investing in artificial intelligence and expand its market presence globally.

Photo of Kevin Gallerin, CEO of YesWeHack for APAC. Photo courtesy of YesWeHack.

Innoviti initiates second close of Series E round

Innoviti, a Bengaluru-based provider of integrated payment solutions, has initiated the second close of its Series E funding round with an investment from US-based Alumni Ventures. Additional investors are expected to join the round by the end of June for its second close of INR 750 million (USD 8.9 million).

Innoviti kicked off its Series E round in April 2024, raising USD 4.8 million from existing investors. The company plans to launch an IPO after the completion of its Series E round.

82E extends seed round to raise INR 500 million

82E, a India-based personal care startup founded by actress Deepika Padukone, has extended its seed funding round to raise INR 500 million (USD 6 million) from new and existing investors. KA Enterprises, an investment entity owned by Padukone and her family, is set to participate in the round. The new funds will be allocated for growth and expansion. — Entrackr

Recent deals completed in China:

  • SiPower, a Suzhou-registered supplier of automotive-grade power components, has raised nearly RMB 100 million (USD 13.8 million) in a second extension to its angel funding round. The round was led by Shang Qi Capital, the private equity investment platform of SAIC Motor, and GL Ventures. The company will use the funds for product and technology development, as well as market promotion. 36Kr
  • Shanmu, a Shenzhen-based medtech company, has secured tens of millions of CNY in a Pre-A round of financing. The round was led by Solex Group, with participation from Glacier Capital China and Wanwuwei Venture Capital. Glacier Capital China served as the long-term exclusive financial advisor. The company will utilize the funds for the mass production of its “Perception Series” products, expansion of its overseas team, and market promotion. 36Kr

Seaplane Asia, Ather Energy, Pika, and more led yesterday’s headlines:

  • Seaplane Asia, a provider of commercial seaplane, aviation, and lifestyle services in Southeast Asia, closed its latest funding round. The round was co-led by TK & Partners and A2D Ventures, with support from several other unnamed investors.
  • Ather Energy, a Bengaluru-based electric two-wheeler startup, sold an additional 2.2% stake to Hero MotoCorp, one of the world’s largest two-wheeler manufacturers, for INR 1.24 billion (USD 14.8 million).
  • Pika, a startup developing artificial intelligence solutions to generate videos on command, raised USD 80 million in Series B funding from a myriad of investors. The round was led by Spark Capital and saw participation from Greycroft, Lightspeed Venture Partners, Neo, Makers Fund, Jared Leto, and Craig Kallman.

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


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