TransTRACK powers up with USD 12 million Series A round
TransTRACK, a Southeast Asian startup transforming fleet operations with its digital solutions, has raised USD 12 million in a Series A funding round. Eurazeo and Cocoon Capital co-led the round, joined by IFP Securities, Bintang Delapan, and AppWorks.
This fresh injection of capital comes on the heels of a pre-Series A round in June 2023, where Ortus Star stepped in with USD 2.1 million.
With this new backing, TransTRACK is primed to accelerate its push across Southeast Asia, tightening its grip on key markets like Indonesia, Singapore, and Malaysia, while setting its sights on Australia and Taiwan.
Lokatani cultivates growth with fresh pre-seed funding, set to scale hydroponic farming
Lokatani, an agritech startup reimagining hydroponic vegetable farming, has secured an undisclosed sum in pre-seed funding from Asiapay Capital and Jakarta Ventura (Jakvent), according to DailySocial. The funds are earmarked for ramping up production capacity, advancing agricultural technology, and expanding Lokatani’s distribution and marketing reach.
Since its launch in 2019, Lokatani has been building an integrated ecosystem that ensures hydroponic farmers hit high production standards. Its product lineup delivers on-demand fresh produce, empowers farming communities, and taps into internet-of-things technology for seamless farm management.
DCG secures strategic backing from Living Lab Ventures, eyes APAC dominance
Digital Classifieds Group (DCG), the parent company of Lamudi, has clinched a strategic investment from Living Lab Ventures (LLV), the venture capital arm of Sinar Mas Land, according to DailySocial. This funding boost solidifies DCG and Lamudi’s leadership in the prop tech arena across the Asia Pacific, with a sharp focus on Indonesia.
This investment also follows DCG’s recent acquisition of Lamudi Indonesia from Dubizzle (formerly EMPG), marking another milestone in its expansion playbook.
Recent deals completed in China:
- Yujian Qionglou, a Hangzhou-based innovator aiming to reshape the housing rental market, has raised an eight-figure RMB sum in an angel funding round. Spearheaded by founder Tian Chunfang, the company is set to channel the funds into market expansion and brand building. —36Kr
- All-In-One Clinic (AIO Clinic), also hailing from Hangzhou, has pulled in RMB 27.9 million (USD 3.9 million) in funding from Innovative Medical. This infusion secures the investor a 20.55% stake in AIO Clinic, a high-tech firm that’s making waves with its artificial intelligence-driven medical products and IT services. The capital will fuel the expansion of AIO Clinic’s solutions, reinforcing its status in the medtech landscape. —36Kr
Protos Labs, Honor, Laiqa Wellness, and more led yesterday’s headlines:
- Protos Labs, a Singapore-based cyber risk management startup, scored SGD 3 million (USD 2.3 million) in an oversubscribed seed funding round. The startup drew interest from a diverse group of investors including A2D Ventures, Beenext, VinaCapital, Artem Ventures (in partnership with FWD Insurance), Plug and Play Silicon Valley, Investible, Gan Konsulindo, 1337 Ventures, and Gobi Partners.
- Honor, the smartphone brand that spun off from Huawei, received investment support from China Mobile’s parent company. The deal details were not disclosed.
- Laiqa Wellness, a Gurgaon-based female tech company, secured INR 150 million (USD 1.8 million) in seed funding from IvyCap Ventures.
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