Kindred Health completes pre-Series A round, raises up to USD 5.5 million
Kindred Health, a female tech company in the Philippines, has completed its pre-Series A funding round, raising USD 2.5 million in the first tranche and securing commitments for an additional USD 3 million upon achieving key milestones.
This round was led by Integra Partners, with participation from Kaya Founders, KSR Ventures, Ava Zobel Pessina, Pawikan Capital Group, Tenco Capital, and individual investors including Frans Beltran and Micaela Beltran. Kindred also acknowledged Pulse62 Healthcare Ventures for providing strategic guidance.
Launched in 2021, Kindred strives to provide accessible, affordable, and elevated healthcare services for women. The company specializes in offering consultations with trusted specialists for mental health, contraceptives, health screenings, immunizations, IV therapy, nutrition and fitness, in addition to other wellness services.
By 2023, Kindred raised USD 1 million in seed funding, opened its first clinic, and introduced a mobile app to simplify service discovery, appointment booking, follow-ups, and continuity of care.
With this funding, Kindred plans to open up to ten additional clinics by year-end, especially in underserved areas. It will also invest in technology to enhance its digital platforms, providing a more seamless online-to-offline (O2O) experience for users. Plans are also underway to introduce new services tailored to address critical women’s health issues, including infectious diseases, infertility, and menopause.
Temasek’s Xora Innovation leads Series A investment in Peak Energy
Peak Energy, a US-based developer of sodium-ion battery technology, has raised USD 55 million in a Series A funding round led by Xora Innovation, an early-stage deep tech investment platform run by Singapore state-owned investor Temasek.
The round saw participation from Eclipse, TDK Ventures, Lachy Groom, Tishman Speyer, TechEnergy Ventures, Doral Energy-Tech Ventures, and DETV-Scania Invest.
The company will use the funds to launch full-scale production of its sodium-ion batteries, deploy systems to pilot program customers, and build the first domestic giga-scale sodium-ion battery factory by 2027.
Aereo secures USD 15 million in Series B funding
Aereo, an Indian company specializing in integrated drone solutions, has closed a USD 15 million Series B funding round led by 360 One Asset. The round included participation from StartupXseed Ventures and Navam Capital.
Founded in 2013, Aereo delivers business intelligence solutions for managing large capital assets using proprietary drones and an AI-powered data analytics platform.
IvyCap Ventures leads USD 1 million seed investment in Pintel.ai
Pintel.ai, a sales and business development platform, has secured USD 1 million in a seed round led by IvyCap Ventures. The round saw participation from various investors, including executives from Whatfix, LambdaTest, Livspace, Moengage, Quizizz, GSF, Hevodata, and HROne.
Pintel.ai addresses critical challenges faced by sales development professionals by offering an AI-driven solution that integrates multiple data sources and applies custom research logic, potentially reducing research time and boosting productivity.
Bitrue Ventures announces USD 40 million fund for Web3 developers
Bitrue Ventures, the investment arm of cryptocurrency exchange platform Bitrue, has announced a USD 40 million fund to support nascent Web3 companies. According to the announcement, individual recipients can receive up to USD 200,000 in investment funds and access to its expertise, connections, and management support.
The areas of interest highlighted include AI, real-world asset (RWA) tokenization, GameFi, decentralized physical infrastructure networks (DePIN), and DeFi. Bitrue Ventures added that a pilot investment round has already been completed, funding Cardano-based projects WingRiders and Liqwid Finance.
Recent deals completed in China:
- Rona Therapeutics, a nucleic acid drug R&D enterprise, has completed a USD 35 million Series A+ funding round led by LongRiver Investments, with participation from Zhaode Investment, BioTrack Capital, Zhongqi Capital, and Lilly Asia Ventures. The funds will support the development of its small interfering RNA (siRNA) programs targeting metabolic and central nervous system (CNS) degenerative diseases.
- Bao Pharma, a Shanghai-based biopharmaceutical company specializing in recombinant protein and antibody drugs, has raised a nine-figure RMB sum in a Series C funding round. The round was led by Shanghai Healthcare Capital (SHC), with participation from Shanghai STVC Group, Baoshan SOCI Capital, and existing shareholder Center Laboratories Limited. The funds will be used to advance and commercialize its synthetic biology technology platform. —36Kr
- Gantu Technology, a high-end manufacturing solutions provider, has completed a Series C2 funding round, securing a nine-figure RMB sum from a local government industrial fund and several banks. The funds will be used for technology iteration, product upgrades, and market expansion. —36Kr
- ZhideBattery, a developer of lithium battery composite materials, has raised a nine-figure RMB sum in a Series D funding round from Shang Qi Capital. The funds will be used to support the company’s R&D, production, and sales. —36Kr
- Mymooo, a Shenzhen-based industrial internet and manufacturing service platform, has completed a Series C++ funding round, securing over RMB 100 million (USD 13.7 million). The round was led by Beijing Information Industry Development Fund and an investment fund managed by the Beijing Economic-Technological Development Area. —36Kr
- ICleague Technology, a Haining-based chip integration company, has secured RMB 3 billion (USD 435 million) in a Series B funding round. The investors include Wuhan Optics Valley Industrial Investment, CMB International, and Puhua Capital. The funds will support the company’s development in heterogeneous chip integration to improve functionality and reduce costs. —DealStreetAsia
Dr Clear Aligners, Amity, Klean, and more led yesterday’s headlines:
- Dr Clear Aligners (DCA), a provider of dental clear aligners in the Asia Pacific region, raised USD 8 million in Series A funding from Insignia Ventures Partners.
- Amity Solutions, a Thai AI technology company, completed a USD 60 million Series C funding round alongside its parent company, Amity Corporation. Amity Solutions raised USD 41.6 million, led by Insight Capital, with several new and existing investors participating. Amity Corporation raised USD 18.4 million, led by SMDV, with participation from Gobi Partners and other investors. The financing includes debt structured by AlteriQ Global.
- Klean, a cleantech business owned by Janz Technologies, received an investment totaling MYR 2 million (USD 428,680) from Ficus Capital.
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