FB Pixel no scriptDeals in brief: Oladance, BintanGo, and Allozymes secure new funding, and more | KrASIA

Deals in brief: Oladance, BintanGo, and Allozymes secure new funding, and more

Written by Gideon Ng Published on   4 mins read

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

Oladance secures eight-figure RMB sum via angel round of financing

Image of Oladance’s wearable audio products. Image courtesy of 36Kr.

The wearable audio products company has raised an eight-figure RMB sum in an angel round of financing led by BlueRun Ventures and Black Ant Capital, with Beeplus Capital also participating.

Oladance will utilize the funds for technology and new product R&D, supply chain enhancements, consumer services, and brand-building activities. 36Kr

BintanGo raises USD 2.2 million in debt and equity funding

The Jakarta-based startup, which provides productivity and monetization tools for creators, has raised USD 2.2 million in debt and equity funding from Contents Technologies, Transcend Capital Partners, as well as existing investors Investible and eWTP Tech Innovation Fund.

This latest round of funding follows BintanGo’s USD 2.1 million seed funding round completed in April 2022, and brings the startup’s total funds raised to date to USD 4.8 million. —DealStreetAsia

Allozymes secures Series A funding for sustainable manufacturing

The Singapore-headquartered biotechnology startup has secured Series A funding from investors including Xora Innovation and Seventure Partners, as revealed in regulatory filings. —DealStreetAsia

OKX Ventures invests USD 1 million in Moonbox

Hong Kong-based artificial intelligence and Web3 startup Moonbox has secured a USD 1 million investment from OKX Ventures, the investment arm of crypto exchange OKX.

Moonbox intends to utilize the funds to expand its range of product offerings and further develop its core technology, which is centered around creating generative AI applications specifically tailored for deployment in Web3 and non-fungible token applications. —TechNode Global

Emtech secures USD 4 million in Matrix Partners-led round

The fintech startup has raised USD 4 million in a round led by Matrix Partners India, with participation from other investors including BTN, VestedWorld, Equity Alliance, and Lofty Inc.

Emtech plans to utilize the funds for the development of its infrastructure tools catering to central banks and fintech companies, and to advance its range of financial services and products. —VCCircle

Mirae Asset launches medtech ETF on Hong Kong’s stock market

The global asset management firm has launched the Global X China MedTech ETF on the Stock Exchange of Hong Kong, which will provide investor access to leading Chinese medtech companies.

The exchange-traded fund will provide diversified exposure to various sub-sectors of the industry, including medical equipment, consumables, in-vitro diagnostics, and consumer medtech.

Elev8 closes first round of maiden fund at USD 67 million

The Bangalore-based growth-stage venture capital fund has announced the first close of its maiden investment vehicle, Elev8-Capital Fund 1, securing USD 67 million around a year after it was first introduced.

Under the leadership of former Kae Capital partner Navin Honagudi, Elev8 intends to deploy the funds into 12 to 14 companies that are individually valued between USD 100 million to 500 million. The average investment size will range from USD 10 to 15 million, primarily focusing on growth-stage companies raising Series B and C rounds. —VCCircle

Shadowfax closes in on USD 60 million funding round

The Indian logistics company is nearing the completion of a funding round which will lead to its securement of USD 60 million. The deal is close to final after more than a year of deliberations and is expected to conclude this month, with TPG NewQuest likely to lead the round.

Shadowfax previously engaged with A91 Partners for funding, but a deal did not materialize due to a valuation mismatch. —TechCrunch

Airalo, T3 Chuxing, Halodoc, and more led last week’s headlines:

  • Genexyz has closed a USD 1 million seed funding round led by East Ventures. The startup operates a platform that enables clients to interact with virtual influencers and “meta-humans”. It plans to use the funds to expand its presence in Southeast Asia and develop new technology to connect with communities and deliver impact for clients.
  • HD has raised a significant amount of investment from Vietnam-based FEBE Ventures, and will use the funds to fuel its expansion plan in Vietnam. The health tech startup last raised USD 6 million in January this year.
  • Airalo has completed its Series B round, raising USD 60 million. The round was led by e& Capital, and the company will use the funds to grow its community of users, expand its global team, and introduce Airalo Partners, a connectivity solution for businesses and organizations.
  • T3 Chuxing has secured RMB 1 billion (USD 139.9 million) in a Series A extension round, led by local investor Hongtai Aplus. The Chinese company will use the funds to expand its user base and for R&D of its autonomous ride-hailing platform. T3 last raised RMB 7.7 billion (USD 1.2 billion) in a Series A round completed in October 2021.
  • Halodoc has raised USD 100 million in a Series D funding round led by Astra International. It will use the funds to strengthen digital health literacy in Indonesia and enhance its services.

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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