Xnergy secures investment from Woori Venture Partners
Xnergy, a Singapore-based company specializing in high-power wireless charging solutions, has received an undisclosed investment from South Korean venture capital firm Woori Venture Partners.
This funding will enable Xnergy to scale its operations, expand into sectors such as new energy vehicles, and enhance its charging systems designed for industrial robots and electric vehicles.
Founded in 2018, Xnergy’s proprietary technology supports charging systems with power densities ranging from 3 to 22 kilowatts. Its solutions boast universal compatibility and modular designs tailored to diverse customer needs. Currently, Xnergy’s products are utilized across over 60 product categories in nearly 40 countries spanning three continents.
HiFeed raises pre-seed funding to decarbonize cattle farming
HiFeed, an agritech startup based in Indonesia, has raised an undisclosed pre-seed funding round led by Wavemaker Impact.
The investment will advance HiFeed’s mission to decarbonize cattle farming by developing sustainable feed solutions aimed at reducing methane emissions, a significant contributor to greenhouse gases. The company’s innovations include anti-methanogenic feed technologies, eco-friendly feed options, and carbon insetting tools to help farmers achieve net-zero emissions.
“Cattle farming is a vital part of the global food system, but it also has a major environmental impact,” said Ihsan Akhirulsyah, founder and CEO of HiFeed. “Our goal is to make decarbonization not only accessible but also scalable and profitable for farmers worldwide.”
Amazon-backed Anthropic set to raise new funding at USD 60 billion valuation
Anthropic, a fierce rival of OpenAI in the artificial intelligence space, is reportedly nearing the completion of a USD 2 billion funding round, according to WSJ. Lightspeed Venture Partners is leading the round, which would more than triple Anthropic’s 2022 valuation to USD 60 billion.
Founded in 2021 by former OpenAI employees, Anthropic focuses on generative AI technologies, with its chatbot, Claude, gaining traction among businesses for automation and productivity improvements. The round is also expected to include contributions from Amazon, which previously invested USD 4 billion in Anthropic through a convertible note.
Revie closes USD 2.5 million seed round to enhance the renovation industry
Revie, a Saudi Arabia-based technology platform specializing in residential and commercial renovations, has secured USD 2.5 million in a seed funding round led by Sanabil Venture Studio by Stryber.
Revie’s platform offers end-to-end solutions, covering design, planning, and execution, with services provided through a curated network of contractors and designers. The company plans to use the funding to scale operations, enhance its technology stack, and improve customer experiences.
Weimai raises RMB 200 million in Series D funding
Weimai, a Chinese digital healthcare platform, has raised RMB 200 million (USD 28 million) in its Series D funding round. The investment saw participation from new backers, including CNCB Investment, Choice Capital, Yuhang Transformation Industry Investment, Deqing Industry Development Investment, and Nanhu Investment. Existing investors—Source Code Capital, Vision Plus Capital, and Cenova Ventures—also contributed to the round.
The funds will support Weimai’s managed care organization (MCO) model, which integrates healthcare services across pre-, in-, and post-hospital scenarios. The platform addresses diverse healthcare needs, including medication, rehabilitation, and follow-up consultations, leveraging AI to enhance service delivery and patient outcomes.
“MCO is a new concept in China. Over the past nine years, we have consistently integrated MCO with the practices of China’s healthcare reforms, pioneering a uniquely Chinese approach to managed care,” said Qiu Jialin, founder and CEO of Weimai.
This investment will drive Weimai’s expansion of healthcare solutions across China, ensuring more comprehensive care for patients in an increasingly digitized healthcare landscape.
Other deals recently completed in China:
- Alebund Pharmaceuticals, a Shanghai-incubated biopharmaceutical company, has snagged RMB 550 million (USD 77 million) in a Series C funding round. The investment was led by an undisclosed healthcare fund, Yangzhou Guojin Investment Group, and Kingray Capital. Alebund plans to utilize the capital to advance its pipeline for renal diseases and support commercial expansion efforts in China.
- Wonz, a digital health enterprise focused on smoking harm reduction and nicotine addiction therapies, has secured an undisclosed amount in a new financing round from Zhejiang Yuhuan Guotou. It aims to build automated production facilities and marketing centers in the city of Yuhuan. Prior backers include Neeo Fund and XVC, who collectively invested over RMB 100 million (USD 14 million) in previous rounds. —36Kr
- Teemo Technology, a technology provider specializing in autonomous line control solutions, raised nearly RMB 100 million in a pre-Series A round led by Puhua Capital, with follow-on investments from Blue Lake Capital and Zelos. The proceeds will be directed toward R&D of line control components and the mass production of unmanned vehicle chassis, a segment that saw significant growth in deliveries in 2024. —36Kr
- 3R Additive, an additive manufacturing startup, has raised an eight-figure RMB sum in seed funding. Xiaofanzhuo Ventures led the investment, with Jiayou Fund also participating. The funds will enhance the company’s production of cost-effective titanium alloy powders for applications in 3D printing and other industries. —36Kr
- AIForceTech, an agricultural robotics company spun out of the Chinese Academy of Sciences, has completed a RMB 100 million Series B1 funding round led by the Xiamen Advanced Manufacturing Fund and followed by Vertex Ventures China. The company will allocate the funds toward the production and promotion of its smart agricultural robots. —36Kr
Soul Parking, Digital Edge, ZVC, and more made recent headlines:
- Soul Parking, a parking technology company in Indonesia, closed a Series A extension round co-led by AC Ventures and AppWorks, with additional support from Taiwan Mobile, Uspace, and Wavemaker Ventures.
- Digital Edge, a Singapore-based leader in hyperscale and interconnection data centers, raised over USD 1.6 billion in equity and debt financing to fuel its expansion across Asia. Backed by alternative investment firm Stonepeak, the company has now established operations in six countries, including Japan, South Korea, India, and Indonesia, with plans to expand further.
- Z Venture Capital (ZVC), a subsidiary of LY Corporation based in Tokyo, established a new fund, ZVC Fund II, with a total size of JPY 30 billion (USD 190.2 million).
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