HealthCred raises USD 1.2 million in seed round
HealthCred, an Indian B2B healthcare financing startup, has raised USD 1.2 million in a seed funding round led by Antler India, TRTL VC, DeVC, iSeedVC, and AngelList India, with participation from angel investors including Subho Ray (IAMAI), Nitin Gupta (Uni Cards), and Amit Lakhotia (ParkPlus).
The funds will be used to strengthen customer relationships, expand operations in the southern and western parts of India, hire new talent, and further develop its onboarding and management systems.
Vayana secures USD 20.5 million in Series D funding
Vayana, an India-focused trade credit infrastructure company, has secured USD 20.5 million in its Series D funding round, led by SMBC’s Asia Rising Fund. The round saw participation from existing investors, including the International Finance Corporation (IFC), Chiratae Ventures, and Jungle Ventures, as well as family offices like Quantum State Investment Fund and Emerald Company.
The funds will be used to enhance Vayana’s trade credit, compliance, and risk management platforms.
Antler announces final close of second Southeast Asia fund
Antler, a Singapore-based venture capital firm, has completed the final close of its second Southeast Asia fund at USD 72 million, according to TechCrunch.
This fund will focus on pre-launch, pre-seed, and seed-stage startups across Singapore, Malaysia, Indonesia, and Vietnam. Antler plans to deploy USD 27 million to back 45 startups over the next six to nine months, with the goal of supporting around 300 companies through the fund.
In addition to early-stage investments, Antler will commit up to USD 10 million to growth-stage startups through its new fund, Antler Elevate. The firm will target sectors like fintech, healthcare, and artificial intelligence, aiming to address critical needs in rapidly expanding markets.
South Korea’s Bering Lab bags USD 2.3 million
Bering Lab, an AI-powered legal translation startup, has raised USD 2.3 million in a pre-Series A funding round led by SBVA, with participation from The MBA Fund.
The South Korean startup will use the capital for user experience enhancements and to accelerate its overseas expansion.
Founded in 2020, Bering Lab provides domain-specific AI translation engines for complex legal documents and said it serves over 300 clients globally, including 140 law firms. The company plans to expand into the finance, life science, and IT industries, offering customized solutions to overcome language barriers. —e27
Proto Axiom completes first close of Series B round
Proto Axiom, an Australian biomedical technology incubator, has announced the first close of its USD 30 million Series B round, raising USD 20 million. The round includes support from investors such as Catalio, Parkview International, Churchill Asset Management, and HOF Capital.
In its statement, Proto Axiom said it will use the funds to bolster Australia’s biotechnology sector by increasing IP retention. The company will continue to invest in cutting-edge projects, including Swan Genomics, which is developing advanced DNA sequencing technology, and Endo Axiom, focused on needle-free insulin delivery systems.
Recent deals completed in China:
- Suncore Semiconductor, a Shenzhen-based chip design company, has secured an eight-figure RMB sum in a Series C funding round. The round was exclusively invested in by a fund jointly established by Jinding Capital and Etek Microelectronics. The capital will be used to accelerate the development of new products, mass production, and market expansion. —36Kr
- Molar Intelligence, an artificial intelligence data company, has completed a Series A funding round led by FreesFund, raising an eight-figure RMB sum. The round includes follow-on investment from existing shareholder Ofound Angel. The company plans to use the funds to enhance its technology, recruit talent, and accelerate its expansion in international markets. —36Kr
- Deep Robotics, a Hangzhou-registered intelligent robot developer, has completed its Series B+ funding round, raising an undisclosed amount of capital from Hansong Asset Management, Huajian Hanshu, Shenzhen Smart City Capital, and Moganshan State-owned Capital Holding Group. —36Kr
Aevice Health, Reforged Labs, Skuad, and more led yesterday’s headlines:
- Aevice Health, a Singapore-based medtech firm, raised USD 7 million in a seed plus funding round led by Coronet Ventures, the venture unit of Cedars-Sinai Intellectual Property (CSIP). East Ventures and Seeds Capital (SG Growth Capital) also participated.
- Reforged Labs, a startup focused on AI-driven solutions for video ad creation in the gaming industry, secured USD 3.9 million in a seed funding round led by global venture capital firm DCM, with participation from Y Combinator, Epakon Capital, Goodwater Capital, Phoenix Fund, Asymmetry Ventures, and several angel investors, including executives from Niantic and Pocket Gems, and the founders behind King and Sky Mavis.
- Skuad, a Singapore-based HR and payroll solutions provider, has been acquired by fintech company Payoneer for USD 61 million in cash, The deal includes a potential additional USD 10 million contingent on performance milestones, along with another USD 10 million in restricted stock units, which are subject to vesting based on the continued employment of key personnel.
If there are any news or updates you’d like us to feature, get in touch with us at: [email protected].