GlobalTix raises SGD 6.5 million to expand AI-driven tourism solutions
Singapore-based GlobalTix, a ticketing software provider and marketplace distribution platform for the tourism industry, has closed a SGD 6.5 million (USD 5 million) Series B funding round. The round was led by Tin Men Capital, with participation from Seeds Capital, Orzon Ventures, and a US-based family office.
Since its founding in 2013, GlobalTix has become Southeast Asia’s largest ticket aggregator, managing over 150,000 experiences and issuing 12 million tickets annually across key Asian markets. The company operates ten offices in countries including China, India, and Japan.
With this funding, GlobalTix plans to integrate artificial intelligence-driven solutions to optimize pricing, predict trends, and enhance traveler interactions. CEO Chan Chee Chong said the company will strengthen its position in APAC and explore global expansion.
WhiteCoat announces acquisition of Indonesia’s Good Doctor
WhiteCoat Global, a digital healthcare provider, has announced its acquisition of Good Doctor, a telemedicine platform in Indonesia. The deal will create one of Southeast Asia’s largest digital healthcare groups, combining the strengths of both companies.
Through this acquisition, WhiteCoat will enhance its presence in Indonesia by leveraging Good Doctor’s extensive local network while expanding into new markets, further solidifying its leadership in the region’s digital health space.
The acquisition is supported by new funding from Raffles Family Office, with MDI Ventures and SoftBank Vision Fund joining as investors.
Vouch secures USD 2.5 million to delve into AI-powered hotel management solutions
Vouch, a Singapore-based provider of hotel operations management solutions, has secured USD 2.5 million to accelerate its AI development. The funds will be used to enhance the company’s guest experience platform by introducing features like one-click setup, real-time multi-language support, and AI-driven upselling tools.
These innovations aim to streamline hotel operations by automating tasks such as housekeeping and upselling. Vouch is positioning itself as a leader in AI-driven hospitality technology by helping hoteliers anticipate guest needs and optimize service offerings.
Kisai Entertainment raises USD 1 million to expand webtoon production and education in Indonesia
Kisai Entertainment, an Indonesian webtoon production company, has raised USD 1 million in a funding round led by Sorajima, a leading Japanese webtoon company, and PT Anjary Jaya Raya, an Indonesian creative company.
The funds will support three key initiatives: creating content inspired by Studio Ghibli, developing a world-class webtoon, and expanding an education program for young webtoon creators.
Earlybird AI raises pre-seed funding to simplify SME bookkeeping
Earlybird AI, a Singapore-based fintech startup, has raised an undisclosed amount in a pre-seed funding round led by Antler, according to e27.
The startup is developing a mobile app to automate bookkeeping and financial administration for small and medium enterprises. This app aims to provide real-time financial insights and reduce the burden of administrative tasks, allowing SMEs to focus on growth.
Earlybird AI will use the funding to accelerate product development and hire key talent in AI and design.
Akeso Biopharma raises USD 250 million to accelerate drug development
Akeso Biopharma, a Hong Kong-listed pharmaceutical company, has raised USD 250 million through a share placement, attracting long-term institutional investors and healthcare funds. This is Akeso’s second share placement in 2024, and the new funds will bring its total cash reserves to USD 1.064 billion.
70% of the financing will be directed toward accelerating the global clinical development of Akeso’s drug pipeline, with a focus on advancing multicenter international clinical trials.
Akeso aims to strengthen its competitiveness in the global biopharma market and further enhance its portfolio of new drug candidates targeting key therapeutic areas.
4Partners secures USD 3.6 million to expand dropshipping platform in the UAE
4Partners, a Dubai-based dropshipping service provider, has raised USD 3.6 million in a funding round to support its entry into the UAE market and drive regional growth.
The company’s platform enables businesses to launch online stores with access to over 7 million products, automated logistics, and cloud-based IT infrastructure, simplifying the process of selling without the need for inventory management. 4Partners operates warehouses in the UAE, Germany, the US, Turkey, and China, positioning itself to capitalize on the booming MENA e-commerce market.
The funding will fuel the company’s expansion into cross-border markets and support SMEs in scaling their e-commerce operations.
Recent deals completed in China:
- Annaji, a software company focused on providing artificial intelligence-driven charging solutions for electric vehicles, has raised an eight-figure RMB sum in a Series A funding round led by Sinovation Ventures. Its earlier seed round was backed by Nanshan Capital. Established in May 2024, Annaji will use the funds to expand its R&D team and cover the entire charging process and scenarios for EV users. —36Kr
- DPTechnology, a full-stack developer of tech solutions, has secured an eight-figure RMB sum in Series A funding, with Beijing Artificial Intelligence Industry Investment Fund and ZGC Science City stepping in as investors. With this influx of capital, the company plans to attract top talent and deepen its capabilities, from algorithm innovation to industrial software. The focus now shifts to scaling its technology in biopharma, new energy, chemicals, and semiconductors. —36Kr
- Yizhu Intelligent Technology, an AI chipmaker, closed a new funding round, securing a nine-figure RMB sum. The round was led by a prominent overseas fund, drawing participation from Maxvision Technology, Xction Capital, and co-founders of a major GPU company. The funding will fuel further product development and push the company toward mass production. —36Kr
- Oiler Equation, a company specializing in optical gas imaging (OGI) technology, has attracted strategic investment from OGCI China Climate Investments and Jingxing Zhiyuan Fund. Founded this year, Oiler Equation combines OGI technology with advanced algorithms to offer real-time methane leak detection and tracking. The company is positioning itself at the forefront of clean energy solutions, crucial for industries aiming to reduce emissions. —36Kr
- Mepro, a company specializing in high-end five-axis machine tools, has raised new funding from Changzhou Lizhong Investment Management. The new capital injection will further advance its R&D efforts. —36Kr
- Haigetang, which focuses on transdermal drug delivery, secured an eight-figure RMB sum in a Series A funding round. The proceeds are earmarked for expanding its R&D efforts and ramping up production for its respiratory, neurological, and cardiovascular treatments. Haigetang is also making headway in the wellness market with innovative transdermal patches for sleep, skincare, and energy. —36Kr
- CVSENS, a leader in complementary metal oxide semiconductor (CMOS) image sensors, raised a nine-figure RMB sum in its Series A funding round. Hanlian Semiconductor Industry Fund led the investment, with Zhejiang University Education Foundation and Shanghai Anchuang Chuangxin also participating. —36Kr
- Xense, a multimodal tactile sensing startup, announced the completion of an angel funding round, receiving tens of millions of RMB in funding led by GL Ventures, with participation from Lotus Capital, a fund managed by Shanghai Jiao Tong University Foundation. Still in its early stages, the company plans to use the funds to scale product development and expand its team, pushing forward in the robotics space. —36Kr
- Kindling X, a tech company focusing on real-time observability solutions for enterprises, raised nearly RMB 10 million (USD 1.4 million) in an angel funding round led by Weizhi Capital. The funds will fuel product development and support Kindling X’s growth across various industries. —36Kr
- Bozhi Jinzhuan, registered in Suzhou, completed its Series B funding round, securing an eight-figure RMB sum. The round was led by Kunshan Hi-tech Venture Capital. The company, which specializes in chip cooling and high-density packaging materials, will use the capital to expand its manufacturing capabilities and ramp up R&D for new products targeting the growing demand for high-performance chips. —36Kr
MindWorks Capital, Chickin, watchTowr, and more led recent headlines:
- MindWorks Capital, a Hong Kong-based venture capital firm, has closed a new USD 220 million fund aimed at investing in startups across the Greater Bay Area and Asia
- Chickin, an Indonesian poultry startup, was reported to have closed its Series A funding round, with Granite Asia as the lead investor.
- watchTowr, a Singapore-based cybersecurity company, raised USD 19 million in a funding round anchored by Peak XV Partners. Prosus Ventures and Cercano Management also participated.
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