Syfe secures USD 27 million to expand product offerings and strategic investments
Syfe, an Asia-focused savings and investment platform, has secured USD 27 million in its latest equity funding round, bringing its total raised to USD 79 million and increasing its valuation.
The round saw participation from both new and existing investors, including two UK family offices with interests in fintech and banking, alongside Valar Ventures and Unbound.
Syfe plans to use the fresh capital to accelerate product development, introducing innovative financial tools in its new target markets, Hong Kong and Australia, while enhancing its offerings in Singapore. In its statement, the company also indicated that it may pursue strategic investments and acquisition opportunities.
Pintar strengthens workforce development services with three acquisitions
Pintar, an Indonesian edtech startup, has acquired three local companies—social edtech firm Gredu, workforce marketplace Kerja.io, and migrant worker recruitment platform Hiringmaps—to bolster its workforce development services, according to reports by several media outlets. The financial details were not disclosed.
This marks Pintar’s first M&A activity since raising USD 3 million in February from Havez Capital and SIG Venture Capital. Following the acquisitions, Gredu’s backers, Intudo Ventures and Vertex Ventures, will join Pintar’s investor roster, alongside AppWorks and Djarum Group’s GDP Venture.
The acquisitions will significantly expand Pintar’s offerings: Gredu will enhance its K-12 segment by adding over 400 schools, Kerja.io will integrate a network of early-career professionals into its enterprise services, and Hiringmaps will facilitate global worker placements, focusing on markets like Saudi Arabia, Kuwait, Germany, and Hungary. Key executives from the acquired companies will join Pintar to lead these initiatives.
Pintar is reportedly raising funds for a Series A round, aiming to expand into other Southeast Asian markets, potentially through further M&A activity, before seeking Series B funding.
Kazam raises USD 8 million in Series A3 round
Kazam, an Indian electric mobility company, has secured USD 8 million in its Series A3 funding round, led by Vertex Ventures Southeast Asia and India, with participation from Avaana Capital, Alteria Capital, and other investors.
Kazam specializes in software and hardware solutions designed to support charge point operators (CPOs), fleet operators, and electricity grids, addressing critical challenges like range anxiety and infrastructure gaps in India’s expanding electric vehicle market.
The new funding will allow Kazam to enhance its technology, broaden its offerings, and strengthen its market presence.
Recent deals completed in China:
- Huapai Biological Group, a corporation specializing in veterinary reagents and drugs, has completed its Series A funding round. The round was led by Chuanyu Guanghong Fund, a subsidiary of Guosen H&S, alongside Goldwood Capital and an undisclosed industry player. —36Kr
- Uni-Infolink, a company focused on aerospace laser communication products, has raised tens of millions in RMB in its pre-Series A round, invested exclusively by Cloud Capital. The funding will be allocated to expanding R&D and production capacity. —36Kr
- Invanti, an electric two-wheeler manufacturer established in 2012, has secured RMB 50 million in a Series A+ funding round. The funds will be used for capacity building, overseas channel development, and to bolster its marketing efforts. —36Kr
- Pharmolix, a biomedical R&D company incubated by Tsinghua University’s Institute for AI Industry Research (AIR), has cumulatively raised nearly RMB 100 million across angel and seed funding rounds. The angel round was led by WestSummit Capital, with participation from Dalton Venture and Xunfei Ventures, while Tsingzhi Capital led the seed round. Pharmolix will use the capital to advance its multimodal large model for biomedicine and its conversational drug development assistant tool. —36Kr
HealthCred, Vayana, Antler, and more led yesterday’s headlines:
- HealthCred, an Indian B2B healthcare financing startup, raised USD 1.2 million in a seed funding round led by Antler India, TRTL VC, DeVC, iSeedVC, and AngelList India, with participation from angel investors including Subho Ray (IAMAI), Nitin Gupta (Uni Cards), and Amit Lakhotia (ParkPlus).
- Vayana, an India-focused trade credit infrastructure company, secured USD 20.5 million in its Series D funding round, led by SMBC’s Asia Rising Fund. The round saw participation from existing investors, including the International Finance Corporation (IFC), Chiratae Ventures, and Jungle Ventures, as well as family offices like Quantum State Investment Fund and Emerald Company.
- Antler, a Singapore-based venture capital firm, completed the final close of its second Southeast Asia fund at USD 72 million. This fund will focus on pre-launch, pre-seed, and seed-stage startups across Singapore, Malaysia, Indonesia, and Vietnam.
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