FB Pixel no scriptDeals in brief: Peptobiotics raises USD 6.2 million, Meaningful Partners invests in Allies of Skin, nine China and India deals, and more | KrASIA

Deals in brief: Peptobiotics raises USD 6.2 million, Meaningful Partners invests in Allies of Skin, nine China and India deals, and more

Written by Marvin Goh Published on   4 mins read

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

Peptobiotics raises USD 6.2 million in Series A round

Peptobiotics, a Singapore-based agritech startup, has raised USD 6.2 million in an oversubscribed Series A funding round. The round was led by Hatch Blue, with participation from Seventure Partners, SEEDS Capital, The Yield Lab Asia Pacific, GrainCorp Ventures, Farmabase, Trendlines Agrifood Fund, Ponderosa VC, and other investors.

With this funding, Peptobiotics plans to commercialize its antimicrobial peptide technology to replace the use of antibiotics in agriculture. Its first product specifically targets aquaculture, aiming to circumvent antibiotic abuse in the industry and promote sustainable production.

Photo of Jhee Hong Koh (left), principal molecular biologist of Peptobiotics, and Jonathan Bester, co-founder and CEO of Peptobiotics. Photo and header photo courtesy of Peptobiotics.

Meaningful Partners invests USD 20 million in Allies of Skin

Meaningful Partners has announced a USD 20 million investment in Allies of Skin (AOS), a Singapore-based skincare brand.

According to a statement by the investor, the capital will support the expansion of AOS into the US across digital and retail channels. AOS is also aiming to bolster its marketing efforts, conduct R&D, and build a US-based team with the new funding.

RedDoorz secures USD 28.2 million

RedDoorz, a Singapore-based budget hotel network, has secured USD 28.2 million from Asia Partners, Jungle Ventures, the Mirae Asset-Naver Asia Growth Fund, and SIG Venture Capital, among other investors.

According to regulatory filings accessed by DealStreetAsia, 44,100 shares were issued as part of this deal. Classified as Series C1 shares, they were valued at the same share price in the firm’s previous fundraising effort back in 2019.

Photo of Amit Saberwal, founder and CEO of RedDoorz. Photo from KrASIA’s archive.

Sae-A Trading acquires Tegra

Sae-A Trading, a South Korea-based garment manufacturer, has agreed to acquire Tegra’s operating entities in the US, El Salvador, and Honduras.

Headquartered in Atlanta, Tegra specializes in manufacturing sports apparel. The acquisition is expected to broaden Sae-A Trading’s geographical presence.

Recent deals completed in China:

  • D3 Bio, a biotechnology company focused on the development of cancer drugs, has raised USD 62 million in its Series A+ financing round. The round was led by Medicxi, with participation from existing investors Matrix Partners China and WuXi AppTec’s Corporate Venture Fund. The funding will support the advancement of D3 Bio’s oncology pipeline and expedite the development of its assets through the preclinical and clinical stages.
  • XF Technology, a Chengdu-headquartered supplier of artificial intelligence infrastructure, has secured RMB 100 million (USD 13.8 million) in a pre-Series A funding round. The round was led by Peakview Capital, with Cape Cloud and Elevation China Capital jointly participating. The company will utilize the funds to construct server production lines, develop computational power centers, support ongoing operations, and conduct R&D. 36Kr
  • Terminus Group, a corporate provider of artificial intelligence-of-things (AIoT) solutions, has completed a RMB 2 billion (USD 276.4 million) Series D funding round. This round was jointly led by AL Capital and Yangming Equity Investment Fund, with participation from various investors including Futian Venture Capital, Gemdale, Digital Chongqing, Xuzhou Industrial Development Fund, BSD, China Everbright Limited, SenseTime, and more. 36Kr
  • Hisingy, a developer of recreational drones, has announced the completion of an extended angel funding round. This round was led by Tanfang Capital (under Tech Capital), with continued participation from existing shareholders Initiate Capital and Zhencheng Capital. T9 Capital served as the exclusive financial advisor. 36Kr
  • Cloudpeng Technology, a Jinhua-based developer of commercial AI applications, has bagged an eight-figure RMB sum in a Series A funding round from Asia Investment Capital (AIC). The company will use the funds to conduct R&D, reserve talent, and accelerate its domestic market expansion. 36Kr
  • Precision Systems, a Shanghai-registered company specializing in precision coating systems and solutions for industries’ upstream needs, has completed a Series A funding round, snagging an eight-figure RMB sum. The investors include Restone Capital, Addor Capital, Lingang Qianyan, Dayone Capital, and Jiuwei Investment. The company plans to utilize the funds for product R&D and market expansion. 36Kr
  • Ennews, a media platform for cross-border e-commerce, has completed an angel round of financing, with the amount and investors undisclosed. 36Kr

Latest funding deals in India:

  • Planys Technologies, a provider of underwater robotic inspection and surveillance solutionss, has raised USD 5.1 million in a funding round led by Ashish Ramesh Kacholia, with participation from Samarthya Advisors, Golden Birch Investments, Cogniphy Angel Fund, Krishna Defence, and Impact India Investment Partners. Planys had been in the process of raising pre-Series A funding, having announced earlier this month that it secured USD 4 million. —VCCircle
  • PlatinumRx, a Bengaluru-based online pharmacy platform, has raised USD 800,000 in a seed funding round from IndiaQuotient and undisclosed angel investors. — VCCircle

Smartpay, WYZAuto, APS, and more led yesterday’s headlines:

  • Smartpay, a Japanese fintech company specializing in buy now, pay later solutions, raised USD 7 million in a pre-Series A funding round led by SMBC Venture Capital. Angel Bridge, Matrix Partners, and Global Founders Capital also contributed to this round.
  • WYZauto, a Thailand-headquartered online tire marketplace, secured USD 2.25 million in funding from Vynn Capital. Other investors that participated in this investment include Vincent Lee, an early investor of Carsome, Oak Drive Ventures, and existing shareholders such as Kaya Founders.
  • Asia-Pacific Strategic Investments (APS), a real estate firm listed on the Singapore Exchange (SGX), acquired Mobii Genius, a sustainable data solutions provider based in Taiwan, for USD 150 million.

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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