Goterra completes pre-Series B round
The Canberra-based climate tech company has completed its pre-Series B funding round, securing an undisclosed amount from Investible’s Climate Tech Fund, Tenacious Ventures, Rampersand, and other investors.
Goterra specializes in developing solutions aimed at tackling food wastage and addressing climate change. The company has introduced a modular solution that integrates robotics and software to harness the power of insects in processing food and organic waste, transforming them into fertilizers and insect protein.
Rose All Day Cosmetics secures USD 5.41 million in Series A funding
The Indonesian D2C cosmetics brand has secured USD 5.41 million in a Series A funding round led by SWC Global. The round also saw the participation of DSG Consumers Partners and AC Ventures.
According to DealStreetAsia, SWC Global contributed USD 3.46 million to the total amount, while DSG Consumer Partners invested USD 1.4 million. Rose All Day Cosmetics (RADC) is also repurchasing shares from co-founder Samantha Joselyn Wijaya valued at USD 1.57 million.
Leonardo AI raises USD 23.5 million in Series A round
The Sydney-based image generation startup has raised USD 23.5 million in a Series A funding round led by Blackbird Ventures with the support of Side Stage, Smash Capial, Gaorong Capital, and other investors.
The completion of this round brings the amount raised by Leonardo AI across two tranches to a total of USD 31 million, having previously secured USD 7.5 million in a seed funding round.
17Live debuts on SGX in Singapore’s first de-SPAC transaction
17Live, one of the leading pure-play livestreaming platforms in Asia, has debuted on the Singapore Exchange (SGX) through a business combination with Vertex Technology Acquisition Corporation (VTAC).
The listing of 17Live represents not only Singapore’s inaugural de-SPAC transaction but also the first livestreaming company to be listed on the SGX.
17Live has been expanding its business in the run-up to its listing, having expanded beyond its key operations in Japan and Taiwan to establish its presence in Singapore, Malaysia, the Philippines, India, Hong Kong, and the US.
“Today marks a new beginning for 17Live as a SGX-listed company that will reinforce 17Live’s positioning as an innovative leader in our field. Our vision of a livestreaming ecosystem to better connect people anytime and anywhere will be brought closer to fruition with the support of the investing community even as the [company] continues to pursue new and exciting growth opportunities to thrive in the digital entertainment sector,” said Alex Lien, CEO of 17Live.
The issued price of VTAC units as at its listing in January 2022 was SGD 5 (USD 3.7). The estimated market capitalization of 17Live currently stands at around SGD 886.9 million (USD 663.6 million), according to its listing information on SGX.
Recent deals completed in China:
- Huiyueyan Biotechnology, a Shanghai-based biomaterials company, has raised close to RMB 100 million (USD 14 million) in angel funding from LRI Investments and Lanshi Private Equity Fund Management. —36Kr
- Tsun, a Suzhou-based R&D company specializing in microinverters and energy storage technology, has secured over RMB 100 million (USD 14 million) in a Series B funding round from IDG Capital. Scheme Capital served as the exclusive financial advisor for this round. Tsun will allocate the funds toward multiple areas including technology R&D, product iteration, supply chain construction, and channel expansion. —36Kr
- Hydrexia (HyFun), a hydrogen energy technology company, has secured an undisclosed amount of Series D funding. The round was led by Qingdao Ocean Investment Group with the support of SB China Venture Capital, ES&TP, Ming Yun Capital. Scheme Capital served as the exclusive financial advisor for this round. —36Kr
- Sinpro Intelligent Technology, a Shanghai-based enterprise that develops automotive-grade 4D imaging radar technology, has raised RMB 100 million (USD 14 million) in a Series A+ funding round jointly led by GP Capital and Huaqiang Capital. Nio Capital and Xiaomi also participated in this round. Sinpro will invest the newly raised capital in R&D and to industrialize its production process. —36Kr
- ELECQ, a smart charging pile developer, has raised RMB 150 million (USD 21 million) in an angel funding round led by Shunwei Capital. Other investors that took part in this round include Yunqi Capital, ZhenFund, and Yunmu Capital, among others. The company will utilize the funds for product R&D. —36Kr
- SinoDynamics, a Shenzhen-based hydraulic components manufacturer, has raised an eight-figure RMB sum in a Series A funding round from Qiming Venture Partners. Chao Capital facilitated this round as the exclusive financial advisor. —36Kr
- Zhentai Biotechnology, a health and beauty materials company, has secured an eight-figure RMB sum in an angel funding round from the Huangpu Institute of Materials and other investors. The company intends to allocate the funds toward product R&D. —36Kr
Latest venture capital deals in India:
- Scimplifi, a Bengaluru-based operator of a chemical sourcing and manufacturing platform, has secured USD 3.7 million in a seed funding round from Beenext and 3one4 Capital, and angel investors. The company intends to utilize the funds to enhance its technology capabilities, grow its team, and expand its footprint to 20 countries. —VCCircle
- Digital Paani, a Gurugram-based water management company, has secured USD 1.2 million in an oversubscribed seed funding round led by Enzia Ventures. Other investors that took part in this round include Elemental Excelerator, Peer Cheque, SAE, DevC, Bharat Founders Fund, as well as angel investors including Ashish Goel (Urban Ladder), Alok Mittal (Indifi), Mohit Sadani (Moms Co), and Mohit Tandon (Delhivery). The company will use the funds to scale its presence across India and expand into new markets. —VCCircle
- AllTrak, a digital healthcare platform, has secured over USD 500,000 in a pre-Series A funding round led by Inflection Point Ventures. The company will utilize the funds to expand its team and improve its technology stack and logistics network. —VCCircle
Klook, Doctor Anywhere, Bitsmedia, and more led yesterday’s headlines:
- Klook, one of Asia’s leading platforms for leisure experiences and travel services, announced the completion of a USD 210 million equity funding round led by Bessemer Venture Partners with the support of BPEA EQT, Atinum Investment, Golden Vision Capital, Krungsri Finnovate (Bank of Ayudhya), Kasikornbank Financial Conglomerate, and SMIC SG Holdings. The round also included bank facilities from Citi, JP Morgan, and HSBC.
- Doctor Anywhere, a Singapore-headquartered health tech company, announced the completion of a USD 40.8 million Series C1 extension round. The round saw the participation of Square Peg and Novo Holdings.
- Bitsmedia, the creator of Muslim-focused lifestyle app Muslim Pro, raised USD 20 million in a Series A funding round from Gobi Partners, CMIA Capital Partners, and Bintang Capital Partners.
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