FB Pixel no scriptDeals in brief: Radiant1 secures pre-Series A funding, multiple China and India deals, and more | KrASIA

Deals in brief: Radiant1 secures pre-Series A funding, multiple China and India 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.

Monk’s Hill Ventures leads Radiant1’s pre-Series A round

Radiant1, a Singapore-based hotel management solutions company, has raised an undisclosed amount of investment in a pre-Series A funding round led by Monk’s Hill Ventures.

The funds will facilitate Radiant1’s expansion plans. The company plans to scale its presence in the Southeast Asian markets, focusing specifically on Malaysia, Indonesia, and Thailand. It will also utilize the funds to acquire tech talent and enhance its suite of product offerings, including the integration of generative artificial intelligence, which will enable the delivery of highly personalized customer engagement solutions.

“Radiant1 aims to synthesize different work streams in hotels and use pricing automation technology to create a tangible impact on the revenue uplift. We believe that [Apichai Sakulsureeyadej] has allowed Radiant1 to identify a crucial white space within the hospitality sector. His deep understanding of the hotel industry, coupled with his extensive experience in the software industry and his track record of taking his prior company public, solidifies the foundation for Radiant1 to become Asia’s leading revenue management platform for hospitality,” said Peng T. Ong, co-founder and managing partner at Monk’s Hill Ventures.

Recent deals completed in China:

  • Hofa New Material Technology, a Jinan-based company focusing on the R&D of special ceramic products, has secured an eight-figure RMB sum in a Series A+ funding round. The investment was jointly made by Dingliang Yaowei Investment Center, Jinan Sci-tech Venture Capital, and Jinan Hi-Tech Finance Investment, with Glacier Capital serving as the long-term financial advisor. —36Kr
  • Minieye, an autonomous driving solution developer, has secured an eight-figure RMB sum in a Series E funding round. The investors include Suikai Investment, Guangzhou Industrial Investment and Capital Operation Holding Group, UHD Fund, and Boyuan Capital, among others. Existing shareholder Puhua Capital also participated in this round. Minieye will use the newly raised funds to finance its R&D activities and expand the scale of its product delivery both domestically and internationally. —36Kr
  • Cephei, a Chinese coffee brand, has announced the completion of a strategic financing round led by Dingli Industrial Development. —36Kr
  • Nano Semiconductor, a Guangzhou-based semiconductor company, has secured an eight-figure RMB sum in an angel round of financing from Nuo Yan Capital and South China Venture Capital. The company will utilize the funds for R&D, equipment manufacturing, and the establishment of its core team. —36Kr
  • Zhongyun Hengtong, a Guangdong-based new energy vehicle charging pile operator, has raised RMB 10 million (USD 1.37 million) in Series A funding from Beyond Capital. The funds will be allocated toward the R&D of the company’s charging pile technology. —36Kr
  • Cheerland, a Shenzhen-based biopharmaceutical company, has completed a Series B funding round, raising RMB 1 billion (USD 137.3 million) from CICC Capital. The company will utilize the funds to construct new production and R&D facilities in Shenzhen and Shanghai. —36Kr
  • Lenovo Connect, an internet-of-things subsidiary of Lenovo Capital and Incubator Group, has completed a Series B4 funding round, raising an undisclosed amount. The investment was made by a Technology Financial Holding Group-managed fund, with its valuation reaching RMB 1.3 billion (USD 178.5 million) following the completion of the round. —36Kr
  • Argo Biopharma, a Shanghai-based biopharmaceutical company, has raised RMB 300 million (USD 41 million) in a Series A+ round led by CS Capital, with participation from Huagai Capital and existing investor Trinity Innovation Fund. —36Kr
  • CASMT, a Changzhou-based developer of new energy vehicle components, has completed a RMB 50 million (USD 6.86 million) Series B+ funding round. The round was jointly led by Minsheng Securities and Fengqianyu Group, financing CASMT’s R&D and talent development activities. —36Kr

Latest deals in India:

  • Delhivery, a Gurgaon-headquartered logistics company, is set to acquire an additional 4.75% stake in warehouse automation startup Falcon Autotech for INR 521.1 million (USD 6.26 million).—Inc42
  • BlackLight Studio Works, a games development startup, has raised an undisclosed amount of investment in a financing round led by Udyat Ventures, with participation from Manish Agrawal, Polygon Ventures, and Dexter Ventures. The funds will enable the startup to expand into new markets, acquire new talent, and invest in technology development. —VCCircle
  • Aham Housing Finance, a Chennai-based home loan company, has secured USD 3.6 million in funding from Negen Capital and other investors. —VCCircle
  • MyEra, a Jaipur-based marketing support company, has secured an undisclosed amount of investment in a pre-seed funding round led by EvolveX, with participation from We Founder Circle and Vikas Aggarwal. MyEra intends to utilize the funding to expand its technical team, develop its technology stack, and broaden its market presence. —VCCircle
  • Frogo, a New Delhi-based online frozen food retailer, has raised USD 1.15 million in a seed funding round led by Inflection Point Ventures. The round also saw participation from other investors including Ritesh Agarwal (Oyo), Ankit Nagori (Curefoods), Desai Ventures, and Faad Network, among others. Frogo will use the funds to expand its operations and enhance its technology. —VCCircle

Rounds closed in the Middle East:

  • Noon, a Saudi Arabia-headquartered edtech startup, has secured USD 41 million in a Series B funding round. The investment was jointly led by Wa’ed Ventures and Raed Ventures. Other investors that participated in this round include STV, SVC, Riyadh Valley Company (a subsidiary of King Saud University), Endeavor, Sanabil 500, Qyem Development Holding, and Nahlat Alarab Holding. Noon will utilize the capital to bolster its product and technology offerings and expand into new markets. —VCCircle
  • SpiderSilk, a Saudi Arabian cybersecurity startup, has raised USD 9 million in a Series A funding round. The investment was led by Wa’ed Ventures with the support of existing investors STV and Global Ventures. SpiderSilk will use the capital to enhance its cyber defense offerings. —VCCircle
  • Now Money, a financial services company in the UAE, has secured an undisclosed amount of funding in a financing round led by Dubai-based entrepreneurs Mark Nutter and Nicolas Andine. The investment is aimed at supporting the expansion of Now Money’s product offerings, particularly its digital financial services tailored for low-income workers. —VCCircle
  • Almouneer, an Egyptian health tech platform, has raised USD 3.6 million in a seed funding round. The investment was led by Global Ventures with participation from Proparco and Digital Africa. The funds will be used to enhance Almouneer’s technology. —VCCircle

Compawnion, August Global Partners, Little Joy, and more led last week’s headlines:

  • Compawnion, an Indonesian pet food company, secured an undisclosed amount of investment in a funding round led by East Ventures. The investment will be used to expand its distribution channels, advance its R&D efforts, and diversify its product range.
  • Singaporean investment fund EDBI has established August Global Partners (AGP), a multi-stage investment firm managing USD 250 million across two funds: the AGP Continuation Growth Fund, and the AGP Healthcare Fund.
  • Little Joy, an Indonesian D2C startup specializing in mom-and-baby products, completed its Series A funding round, raising an undisclosed amount of funding. The funds will be used to enhance its offerings for mothers and children, focusing on addressing child malnutrition in Indonesia.

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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