CapitaLand announces the winners of CapitaLand Sustainability X Challenge 2023
The Singapore-headquartered real estate company has announced the ten winners of the CapitaLand Sustainability X Challenge (CSXC) 2023, and will provide funding of up to SGD 1 million (USD 741,000) to support the testing of their innovations at selected CapitaLand properties.
During the demo day event of CSXC 2023, four teams received special recognition awards, including:
- viAct has developed an artificial intelligence-powered video analytics tool to provide insights that can be used to enhance safety, productivity, and compliance with environmental standards in workplaces.
- Healthway Family of Brands uses a patented low-pressure drop filtration technology that replaces existing media filters to improve the performance and system-level filtration efficiency of existing air handling units while reducing the energy load on fan motors.
- Ralos Enterprise Corporation’s (Enamil LLC Japan) has come up with a lightweight, flexible solar module that is integrated with corrugated steel. The module can be installed horizontally or vertically as a building-integrated photovoltaic panel or as a conventional solar panel.
- Magorium has developed a technology that converts contaminated and unsorted plastic waste into a sustainable material that can potentially be used for the construction of roads.
Each of the four teams received SGD 150,000 (USD 111,000), and six other winning teams, specializing in low carbon transition, water conservation and resilience, waste management and circular economy, and health, safety, and wellness in buildings, received SGD 75,000 (USD 55,000) each for their pilots.
“Innovation is a key driver in our decarbonization journey as we work towards our 2030 sustainability targets. Through platforms such as CSXC and our SGD 50 million CapitaLand Innovation Fund, we aim to support innovators to scale and commercialize their technologies to create a climate-resilient built environment,” said Vinamra Srivastava, chief sustainability officer of CapitaLand Investment.
BeeX secures USD 2 million in oversubscribed bridge round
The Singapore-based developer of underwater autonomous vehicles has closed an oversubscribed bridge round, securing USD 2 million. The round was jointly led by Earth Venture Capital and ShipsFocus Ventures, and saw participation from SEEDS Capital, NUS Technology Holdings, and Infinita VC.
According to a statement released by BeeX, the company will allocate the funds toward its go-to-market strategy for autonomous offshore wind farm inspections in Europe. The newly raised funds will also be used to support its growth initiatives. —TechNode Global
Digital Edge secures green loan for South Korean data center project
The Singapore-headquartered data center platform company has announced that it secured a green loan to support the first phase of development of SEL2, its previously announced 100-megawatt data center project in Bupyeong-gu, Incheon.
SEL2 will be the largest commercialized colocation data facility in South Korea, and this deal represents the first green loan for a data center project in the country.
The green loan is financed by a consortium including both international and domestic banks, and it will be issued in two tranches—a fixed tranche and a floating tranche over a five-year term. The financing is jointly coordinated by Credit Agricole CIB and ING Bank.
Refilled raises AUD 1.3 million in seed round
The Sydney-based developer of smart drink dispensers has secured AUD 1.3 million (USD 845,000) in a seed funding round led by Melt Ventures, with participation from Cyan Ta’eed and Collis Ta’eed, co-founders of Envato.
Refilled manufactures “Refillers,” which are smart drink dispensers aimed at addressing the environmental impact of plastic packaging for beverages. The newly raised funds will enable it to manufacture 100 of its dispenser machines at its factory in Penrith, New South Wales. —TechCrunch
Recent deals completed in China:
- Weilian Gubao, a Chinese burger and fast food chain, has raised RMB 10 million (USD 1.37 million) in a strategic financing round. Yang Dawei, co-founder of Weilian Gubao, told 36Kr that the funds will be used for brand promotion and new store openings. —36Kr
- Inkelink, a Shanghai-based company specializing in providing comprehensive digital solutions for the automotive industry, completed a B+ funding round, raising nearly RMB 100 million (USD 13.7 million) from various investors. Inkelink will allocate the funds toward its R&D efforts and the expansion of its market presence. —36Kr
- Di-Matrix, a Shanghai-based IT-focused artificial intelligence platform, has completed a Series B round of financing, raising around RMB 100 million (USD 13.7 million). The round was led by Zhangjiang Technology Venture Capital with the support of Guotai Junan Zhengyu Investment, Jiuli, and existing investors Yonghua Capital and BeFor Capital. Leap Capital served as the exclusive financial advisor. The funds will be used for R&D, market expansion, and cross-industry business activities. —36Kr
- DataBeyond, a Guangzhou-based intelligent sorting solutions company, has completed a new round of financing, securing a nine-figure RMB sum from Sequoia China. Beyond Capital served as the exclusive financial advisor. —36Kr
- GeneDart, a Ningbo-based synthetic biology technology company, has completed its Series A funding round, raising an undisclosed amount from a Sinochem Capital-managed fund and the Changzhou Huada Songhe Fund. The company will deploy the funds toward its strategic expansion into emerging industries. —36Kr
- Nika Optics, a Shenzhen-based augmented reality optical product developer, has completed its pre-Series A round of financing, raising an eight-figure RMB sum. Inno-chip led the investment with the support of existing investor Shunwei Capital. The funds will primarily be used for team building, product development, and the construction of a small-scale production line. —36Kr
- Infimind, a Beijing-based commerce-focused generative AI company, has completed a Series B funding round, securing an eight-figure RMB sum from Shunwei Capital. Yue Capital served as the exclusive financial advisor. —36Kr
- Huasun Energy, an Anhui-based solar technology developer, has raised RMB 2 billion (USD 276.3 million) in a Series C funding round. The round was led by China Green Development Investment Group. —DealStreetAsia
Latest deals in India:
- CoverSelf, a healthcare claims and payments platform, has raised USD 8.2 million in a seed funding round. The round was jointly led by existing investors 3one4 Capital and Beenext, and also saw participation from new investors including Z21 Ventures and other undisclosed “healthcare leaders.” —Inc42
- Aavishkaar Capital, a Mumbai-based venture capital firm, has concluded its sixth fund with a total funding pool of USD 150 million. This amount represents a 50% increase compared to its previous funds. —DealStreetAsia
Augmentus, Etaily, Libeara, and more led yesterday’s headlines:
- Augmentus, a Singapore-based no-code robotics software company, has raised USD 5 million in a Series A funding round. Sierra Ventures led the funding round, with participation from existing seed investor Cocoon Capital.
- Etaily, a Philippines-headquartered commerce enablement platform, has secured USD 17.8 million in a Series A funding round. SKS Capital and Pavilion Capital led the investment, joined by various investors including SBI ICCP Fund, Kaya Founders, Foxmont Capital, JGDEV (JG Summit Holdings), the Magsaysay family, and the Chan family.
- SC Ventures, the innovation and fintech investment arm of Standard Chartered, has launched Libeara, a tokenization platform designed to “democratize investments by creating accessible, transparent, and secure markets.”
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