Roojai raises new funding to scale ops and expand across Southeast Asia
Roojai, a digital insurer in Thailand, has raised USD 60 million in a Series C funding round. The investment was co-led by funds under Apis Partners Growth and Asia Partners, with participation from existing shareholders HDI International, Primary Group, and the International Finance Corporation. Avendus Capital served as financial advisor.
Founded in 2015, Roojai has built a strong position in Thailand’s online motor insurance market and expanded into health, personal accident, and travel insurance. The company plans to use the new capital to grow its domestic operations, accelerate its expansion in Indonesia, and pursue strategic merger and acquisition opportunities.
Roojai’s underwriting model assesses the customer rather than the vehicle, a method it says improves speed, transparency, and customer satisfaction. The platform incorporates risk-based segmentation and flexible premium options, and it offers products tailored to electric vehicles, supporting Southeast Asia’s transition to sustainable mobility.
Higala raises capital to expand digital infrastructure for rural banks
Higala, a Philippine fintech firm, has raised USD 4 million in new capital from Talino Venture Studios, Chemonics International, Kadan Capital, Tenco Capital, and 1982 Ventures.
Higala provides digital infrastructure that enables banks to onboard customers, process payments, and participate fully in the national financial ecosystem. The funds will accelerate adoption of SynerFi, Higala’s open payments platform designed to reduce integration barriers and expand access to InstaPay.
Eluvo secures funding to expand services in the Philippines
Eluvo, a health tech startup based in the Philippines, has secured new funding in a round led by Foxmont Capital Partners, according to e27. Transaction details were undisclosed.
Addressing persistent gaps in women’s healthcare, Eluvo integrates clinical expertise, diagnostics, and digital access to deliver proactive, stigma-free services. Its model combines consultations with at-home and in-clinic diagnostics and tailored treatment plans.
The company has partnered with GenPrime, a regional fertility provider, to expand access to advanced fertility services. Eluvo recently opened its first clinic in Parqal, Aseana City.
Proceeds from this round will support the rollout of additional locations, strengthen its position in comprehensive women’s healthcare, and expand its doctor-led clinics across Metro Manila.
Cove expands APAC footprint with new acquisition
Cove, a co-living solutions provider, has entered into definitive agreements to acquire Casa Mia Coliving, a Singapore-based operator with about 500 furnished rooms in central districts. The deal expands Cove’s total inventory to more than 2,000 rooms in Singapore and 8,000 rooms across the Asia Pacific.
Founded in 2019, Casa Mia has built a strong reputation among young professionals for its consistent quality, reliable service, and efficient operations. Cove said the acquisition will significantly strengthen its portfolio and deepen its presence in high-demand areas in Singapore.
Following the transaction, the combined entity will operate under the Cove brand. It is projected to surpass USD 50 million in annualized rental income this year and deliver roughly 50% year-on-year growth in both revenue and inventory.
Amperesand raises Series A funding to scale AI data center technology
Amperesand, a power infrastructure company serving artificial intelligence data centers and other critical power applications, has raised USD 80 million in a Series A round co-led by Walden Catalyst Ventures and Temasek, with participation from Industry Ventures, Acclimate Ventures, SG Growth Capital, and existing backers including Xora Innovation, Material Impact, TDK Ventures, and Foothill Ventures.
The company will use the capital to scale manufacturing and aims to deliver 30 megawatts of commercial systems in 2026, targeting hyperscale AI data center operators and infrastructure customers.
Amperesand is expanding its engineering and manufacturing footprint across the US and Singapore to address long equipment lead times and rising demand for high-performance electrical systems.
Incubated by Xora Innovation and spun out of Nanyang Technological University in 2023, Amperesand has since completed full-power and bidirectional system testing, and expects to exceed 100 employees globally by year’s end as it ramps up commercial deployments.
Recent deals completed in China:
- ExploMar, a company specializing in high-performance electric propulsion systems for boats, has completed a Series A round, raising more than USD 10 million. The round was jointly led by undisclosed private equity funds and a listed company in China, with existing shareholder DCM Ventures also participating. The proceeds will support global distribution and service network expansion, supply chain optimization, and product upgrades.
- Waker Bioscience, a provider of safety evaluation CRO services for cell and gene therapy, has raised RMB 100 million (USD 14 million) in its Series A round. The round was led by SCGC, with Wuxi Capital Group participating. The company will use the capital to expand its US-based CGT safety assessment center, strengthen its overseas CGT safety and clinical service capabilities, and grow its bio-breeding services. —36Kr
- Linkerbot, a robotics company focused on dexterous hands for embodied intelligence, has raised a nine-figure RMB sum in its Series A+ round. Investors include Zhejiang Provincial Innovation Investment Group, Deqing Industrial Investment, Leju Robotics, CDH Investments, Ginnva, Dongfang Precision, Aux, Huafu Investment, and Hongyi Fund. Linkerbot plans to broaden commercialization and scale its product line. —36Kr
- Bi-win, an enterprise services platform for chain store maintenance and operations, has completed a Series A round, raising an eight-figure RMB sum from XY Investments. The funds will be used to build a technician training system, develop dispatch algorithms, and improve supply chain efficiency. —36Kr
- ThinkTech, an automotive semiconductor developer, has completed a Series C+ round with participation from KSGC and Mingtrun. The capital will support mass production of automotive-grade chips and reinforce China’s domestic semiconductor supply chain. —36Kr
- Link Touch, a provider of force and torque sensors for humanoid robots and industrial automation, has raised more than RMB 100 million in a Series C round led by HongShan, with Zhuhai Technology Industry Group participating. Funding will support R&D expansion, automated production upgrades, and market growth. —36Kr
- Robot Era, an embodied intelligence company, has closed a Series A+ round, raising nearly RMB 1 billion (USD 140 million). The round was led by Geely Capital, with participation from BAIC Capital, the Beijing AI Industry Investment Fund, and the Beijing Robot Industry Development Investment Fund. The capital will be used for product development and commercialization. —36Kr
- MindOn Robotics, also an embodied intelligence company, has completed three financing rounds within four months, raising nearly RMB 100 million in total. Backers include Oriza Seed, MSA Capital, Innoangel Fund, Yuanbio Ventures, Genspark, Plum Ventures, and G&O. Proceeds will accelerate R&D and expand engineering capacity. —36Kr
- Bili Q, a digital solutions provider for the travel and hospitality sector, has raised an eight-figure RMB sum in a Series A+ round backed solely by Tiantu Capital. The funding will support platform expansion and deepen AI R&D and commercialization across its two product ecosystems. —36Kr
Cosmos, OneLot, Anomaly Bio, and more made recent headlines:
- Cosmos Innovation, a Singapore-headquartered startup, raised an undisclosed amount in a round led by Eni Next, with participation from Scania Invest, Innovation Endeavors, Xora Innovation, and global tech leaders including Demis Hassabis. Seeds Capital also joined as a new investor.
- OneLot, a financing platform for used car dealerships in the Philippines, raised USD 3.3 million in a seed round co-led by Accion Ventures and 468 Capital, with participation from Everywhere Ventures, Seedstars, and existing backers.
- Anomaly Bio, a Singapore-based biotech startup engineering microbes into “micro-factories” for ingredient production, raised USD 2.6 million in a pre-seed round led by Pebblebed Ventures, with participation from Akshay Kothari (Notion), Sean Hunt (Solugen), Eben Bayer (Ecovative), and Mithun Sacheti (CaratLane).
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