Bateriku raises USD 7.4 million in Series B round
Bateriku, a Malaysian provider of connected roadside assistance solutions, has raised USD 7.4 million in a Series B funding round. The investors include Kumpulan Wang Persaraan (KWAP), Gobi Partners, VentureTech SBI Capital, and VentureTech.
The company will use the funds to enhance its technology and integrate its various automotive services into a single platform. Bateriku also plans to expand its ecosystem across Malaysia and into Indonesia and Singapore.
Antler invests USD 110,000 in TailorTech
TailorTech, a startup operating out of Malaysia, has raised USD 110,000 from venture capital firm Antler, according to e27.
The company aims to overhaul power management for industries in remote and off-grid locations with its “power enhancer system.” Designed to optimize the performance of generator sets, the system could help reduce operational costs and carbon emissions, providing a solution for sectors reliant on consistent energy in hard-to-reach areas—think telecommunication towers, plantations, construction sites, and rural clinics.
Antler’s investment in TailorTech is part of a broader push into Malaysia’s startup ecosystem. The VC firm has recently issued similarly sized checks to other promising startups, including Nebu, ByteGami, and SurplusLoop.
These deals follow the final close of Antler’s second Southeast Asia fund, with USD 27 million set aside to support 45 pre-launch, pre-seed, and seed-stage startups across Singapore, Malaysia, Indonesia, and Vietnam over the next six to nine months.
With ambitions to back up to 300 companies through the fund, Antler is making it clear: Southeast Asia’s startup scene is on its radar in a big way.
Recent deals completed in China:
- Beiya, a Chengdu-registered medtech company, has secured an undisclosed amount of funding from Juxin Development. Founded in 2019, Beiya provides a digital healthcare platform to medical institutions, offering personalized medical products and services tailored to individual patient needs. —36Kr
- Ultrapure Applied Materials (UPAM), also from Chengdu, has completed a new funding round. The investors include Richland Capital, Harvest Capital, SPC, TCL Capital, Beijing Jianxin, Zesen Qingquan, Shang Qi Capital, Huatai Zijin, and Shenzhen Co-Stone Asset Management. UPAM is a developer of optoelectronic equipment, specializing in semiconductor etching devices, high-power laser devices, and advanced ceramic technologies. —36Kr
- Infinigence, a Beijing-based artificial intelligence infrastructure developer, has raised nearly RMB 500 million (USD 70.2 million) in a Series A funding round. The round was jointly led by Qiming Venture Partners, Hongtai Aplus, and a Legend Capital-managed fund, along with participation from investors such as Lenovo Capital and Incubator Group, Xiaomi, and Shunwei Capital. Infinigence plans to use the funds for talent acquisition, technology R&D, and product commercialization. —36Kr
BillEase, Oatside, Shieldbase, and more led yesterday’s headlines:
- BillEase, an app-based consumer finance platform in the Philippines, attracted a significant investment from TPG’s The Rise Fund, which is leading its Series C equity funding round. Existing investor Burda Principal Investments is also participating in this round.
- Oatside, a rising star in the alternative milk market, reportedly secured additional investment from AC Ventures in its ongoing Series B funding round.This round, which could total up to SGD 100 million (USD 76.4 million), already includes heavyweights like Temasek, Granite Asia, and TR Capital.
- Shieldbase, a Southeast Asian startup developing an AI-based enterprise search platform, raised an undisclosed amount of seed funding from Tenity and angel investors.
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