FB Pixel no scriptDeals in brief: Humble bags additional funding, A&D invests in Aevice Health, RecycleSmart crowdfunds USD 1.15 million, and more | KrASIA

Deals in brief: Humble bags additional funding, A&D invests in Aevice Health, RecycleSmart crowdfunds USD 1.15 million, and more

Written by Jeff Chay Published on   3 mins read

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

Humble Sustainability receives capital boost to promote circular economy

Humble Sustainability, an e-waste management startup headquartered in Manila, has raised an undisclosed amount in a new funding round led by Gobi Partners. The Startup Venture Fund of the Philippine government’s National Development Company (NDC) participated in this fundraise, alongside Double River Impact, Equitrust Holdings, and various angel investors.

Humble promotes circular living by helping firms, including major companies such as Canva, Manulife, and Sunlife, to reuse and resell old electronic equipment so as to reduce e-waste. It claims to have diverted over 250,000 kilograms of e-waste from landfills since its inception in 2021.

The company’s latest funding round follows a USD 750,000 oversubscribed seed funding round in November 2022 led by SeedStars International Ventures, with Humble set to use the capital to expand its operations.

Aevice Health secures USD 1 million investment from A&D

Aevice Health, a Singapore-headquartered medtech firm specializing in remote respiratory monitoring solutions, has secured a USD 1 million investment from Japanese medtech manufacturer A&D.

In addition to facilitating the integration of Aevice’s technology with A&D’s expertise in medtech design and manufacturing, this investment will go toward the expansion of AeviceMD, Aevice’s flagship remote monitoring platform, into the US and Japan.

Photo of Adrian Ang, CEO of Aevice Health, and Rex Tan, CTO of Aevice Health. Photo courtesy of Aevice Health.

RecycleSmart raises USD 1.15 million in crowdfunding round

RecycleSmart, a Sydney-based recycling startup that collects waste from customers’ doorsteps, has raised USD 1.15 million through a crowdfunding campaign on Birchal involving 1,014 investors.

This latest fundraise follows a previous USD 1 million crowdfunding campaign on Birchal completed in July 2023.

Founded in 2019, RecycleSmart currently operates in Sydney, Melbourne, and Brisbane. The company is aiming to establish operations in every Australian capital city by the end of 2024.

Latest funding deals in India:

  • Edgro Finance, a non-banking financial company (NBFC) under Propelld, a Bengaluru-based fintech startup providing education loans, has raised USD 25 million in a debt funding round, with participation from Credit Saison India, AU Small Finance Bank, InCred Financial Services, and Northern Arc Capital. —Inc42
  • 3SC, a provider of logistics and supply chain analytics services, has secured USD 4 million from  existing investor GEF Capital’s South Asia Growth Fund. The company will invest the funds in enhancing its artificial intelligence capabilities and expanding its operations. 3SC is headquartered in the Netherlands and has offices in Gurugram, Pune, and Bengaluru. —Inc42
  • OTPless, a Surat-based company developing alternatives to one-time passwords (OTPs) for mobile authentication, has secured USD 3.5 million in a pre-Series A funding round led by SIDBI, with participation from Venture Highway, FJ Labs and Piper Serica. This brings the firm’s total funding to USD 6.5 million. OTPless last raised USD 2.7 million in a seed round in February 2023. —Inc42

Osome, Kasagi Labo, Husk, and more led last Friday’s headlines:

  • Osome, a Singapore-based bookkeeping and accounting platform for small and medium enterprises, secured USD 17 million in a Series B extension featuring a mix of equity and debt funding.
  • Kasagi Labo, an anime-focused venture studio headquartered in Singapore, raised USD 12 million in a pre-Series A funding round led by Burda Principal Investments.
  • Husk, a Cambodian biochar and biofertilizer producer, secured a USD 5 million investment from Mekong Capital’s Mekong Enterprise Fund IV.

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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