FB Pixel no scriptDeals in brief: Moosa Genetics, Protos Labs, and Charge+ raise new funding, Surge by Peak XV Partners launches ninth cohort, four China deals, and more | KrASIA

Deals in brief: Moosa Genetics, Protos Labs, and Charge+ raise new funding, Surge by Peak XV Partners launches ninth cohort, four China deals, and more

Written by Gideon Ng Published on   5 mins read

Bringing you the latest news briefs on fundraising activities in the Asia Pacific.

East Ventures leads investment in Moosa Genetics

The Indonesian animal genomics and biotechnology startup has raised an undisclosed amount of funding in a round led by East Ventures, with participation from angel investors.

Moosa Genetics plans to utilize the newly raised funds for multiple purposes, including setting up a laboratory, expanding its team, boosting marketing efforts, and forming a partnership for Wagyu meat production. These initiatives are aimed at meeting the demands of its customer base.

“We believe that Moosa Genetics is at the forefront of unlocking the full potential of local cattle breeding. Through our modern animal reproductive and molecular technologies, we enable lower cost and better meat yield and quality, eventually bringing substantial benefits to the industry and consumers,” said Ivan Sini, co-founder and chairman of Moosa Generics. Sini is also the chairman of the Indonesian Genomics Association.

Protos Labs raises SGD 3 million in seed round

The Singapore-based cyber risk management company has raised SGD 3 million (USD 2.19 million) in a seed funding round. The round featured participation from various investors including Beenext, VinaCapital Ventures, Artem Ventures (in partnership with FWD Insurance), Plug and Play, Investible, Gan Konsulindo, 1337 Ventures, and Gobi Partners.

Protos Labs plans to utilize the funds to expedite its global expansion and further develop its products. The company specializes in protecting insurers and policyholders against cybersecurity risks.

Charge+ raises Series A funding to expand EV charging infrastructure in Southeast Asia

The Singapore-based electric vehicle charging operator has secured an undisclosed amount of investment in a Series A funding round led by Trive Venture Capital. Charge+ will use the funds to accelerate the expansion of its EV charging infrastructure in Singapore and across Southeast Asia.

One of the key priorities for Charge+ is to meet the requirements of an ongoing tender contract granted by Singapore’s Land Transport Authority. This contract entails the installation of around 4,000 EV charging points in the parking areas of the country’s public housing estates.

Photo of Christopher Quek, managing partner at Trive Venture Capital, with Ong Tze Boon and Goh Chee Kiong from Charge+. Ong serves as chairman of the company while Goh undertakes the role of CEO. Photo courtesy of Charge+.

Peak XV Partners’ Surge launches ninth cohort with 13 startups

Surge, the support platform for venture builders by Peak XV Partners, has launched its ninth cohort featuring a total of 13 startups, comprising seven startups from India, four from Southeast Asia, and two from Australia.

Surge’s ninth cohort features the following startups:

  • Dozer is a Singapore-based open-source data infrastructure platform that enables data scientists and engineers to build highly scalable, real-time data APIs.
  • Elivaas is an Indian tech-enabled property management startup that enables owners to monetize, monitor, and maintain their vacation homes in India.
  • Ethereal Machines is a Bengaluru-based advanced manufacturing startup that produces precision engineering components using its proprietary multi-axis computer numerical control machines.
  • Horizon Quantum Computing is a Singapore-based startup that is creating software development tools to unlock the potential of quantum computing hardware.
  • InCore Semiconductors is a Chennai-based fabless semiconductor startup that specializes in developing processor solutions for industrial applications, encompassing areas such as industrial automation and consumer electronics.
  • Mercu is an employee engagement platform developed by a Singapore-based outfit. Businesses use Mercu to hire, train, and engage with their teams, all through chat apps that their employees are already familiar with.
  • Mindgrove is a Chennai-based startup that designs cost-effective and scalable microprocessor technology.
  • Neurowyzr is a Singapore-based health tech startup that specializes in developing solutions to assess cognitive function efficiently and effectively.
  • Newtrace is a Bangalore-based climate tech startup that manufactures innovative electrolyzers to produce green hydrogen efficiently and affordably.
  • Pix.ai is an AI-powered anime art generator. The platform equips users with a range of tools and templates to create personalized anime art.
  • Relevance AI is a Sydney-based machine learning startup that is using AI to help companies automate workflows with no code.
  • ZeroK is an AI platform that helps developers troubleshoot production incidents faster. The platform is an observability co-pilot that helps developers reduce downtime by performing checks to assist developers in identifying root causes.

Out of the 13 companies in the ninth cohort, one is still in stealth mode and has therefore not been publicly disclosed.

Photo of founders from the ninth cohort of Surge by Peak XV Partners. Photo courtesy of Peak XV Partners.

Giga ML secures USD 3.6 million in seed round

The large language model developer has secured USD 3.6 million in a seed funding round led by Nexus Venture Partners, with participation from Y Combinator, Liquid 2 Ventures, 8vdX, and several angel investors including Garry Tan.

Headquartered in San Francisco and Bengaluru, Giga ML will use the funds to further develop and deploy its on-premise LLMs. —Tech in Asia

Recent deals completed in China:

  • Zhongzhiwei Technology, a Nanjing-based artificial intelligence security operations company, has secured an undisclosed amount of funding in a Series A2 round led by WestSummit capital. Nanjing Innovation Capital Group participated in the round while Voyagers Partners acted as the exclusive financial advisor. The company will use the funds to accelerate the development of new products, expand its marketing channels, and build its team. 36Kr
  • Mosen Technology, a carbon fiber rotor manufacturer, has bagged an eight-figure RMB sum in an angel round of financing. Atom Ventures was the sole investor. Mosen Technology will use the funds to advance its R&D efforts and scale up production. 36Kr
  • Huayu New Materials, a carbon fiber materials company, has raised an eight-figure RMB sum in an extension to its pre-Series A funding round jointly invested in by Silicon Harbour and a Septwolves-managed fund. Yuanhe continued to serve as the exclusive financial advisor. 36Kr
  • Time Energy Storage, a Suqian-based developer of flow batteries for energy storage systems, has completed a Series A round of financing, raising a nine-figure RMB sum. This round was led by GL Ventures, with participation from Bondshine Capital and other investors. The company will use the funds for technology R&D and to mass produce its products in tandem with its expansion into new markets. 36Kr

Factory, Parlon, Zhipu AI, and more led yesterday’s headlines:

  • Factory, an Australian startup offering a work management platform for small and medium manufacturing businesses, raised USD 1.05 million in a seed funding round led by Investible.
  • Parlon, a Philippine B2B2C beauty and wellness platform, secured USD 400,000 in a pre-seed funding round led by WIP Global Ventures. A2D Ventures and various angel investors also participated.
  • Zhipu AI, a leading Chinese artificial intelligence company, secured over RMB 2.5 billion (USD 341.6 million) in a new round of financing led by a consortium of prominent investors.

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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