Meatable attracts investment from Betagro and Desmos Capital Partners
Meatable, a cultivated meat company based in the Netherlands, has landed an undisclosed amount of investment from Betagro Ventures, the corporate venture capital arm of Thailand’s food giant Betagro. This makes Betagro the first traditional meat processing company to invest in Meatable.
Separately, the company also raised EUR 30 million (USD 31.7 million) from Desmos Capital Partners, a firm founded by former UK politician Chris Skidmore.
Meatable plans to use the new funding to expand into Asia’s alternative protein market, starting with Singapore. Its products are expected to launch there in 2025.
The company last raised funding in Q3 2023, when it secured USD 35 million in a round led by Agronomics.
KKday bags USD 70 million to scale travel tech platform
KKday, a travel experience platform, has raised USD 70 million in fresh funding. Investors include the Cool Japan Fund, Taiwan-based National Development Fund, CHBVC, Darwin Ventures, and ZUU & De Capital Fund. Additionally, the round includes credit lines from several financial institutions.
The company plans to use the funding for mergers and acquisitions in the Asia Pacific region, technology upgrades, and talent acquisition in key markets. Japan remains a top priority, with partnerships such as Jalan for accommodations and Tabelog for dining reservations.
Bintang Capital backs The Flow’s ASEAN expansion
Malaysia’s Bintang Capital Partners, through its BCP Asia Fund I, has reportedly invested in The Flow Studio, a pilates and yoga firm, according to TechNode Global.
The funding will drive The Flow’s growth in ASEAN markets, including Singapore and Malaysia, with a focus on corporate wellness programs and inclusivity. The company aims to serve diverse groups, including the elderly, young children, and women in recovery.
Recent deals completed in China:
- Realmagic, a provider of full-stack sensor and actuator microsystem solutions, has secured an eight-figure RMB investment in a pre-Series A+ round. The round was jointly led by China Growth Capital and WestSummit Capital. The funds will be allocated to R&D for new products and to establish a pilot production line. —36Kr
- Vehinfo, a developer of automotive control system simulation and testing solutions, has raised close to RMB 100 million (USD 14 million) in Series A funding. The company will utilize the capital to expand its talent pool, advance its hardware-in-the-loop simulation testing products, and accelerate its business expansion. —36Kr
- Noematrix, an embodied intelligence startup incubated by Flexiv, has completed a pre-Series A+ funding round, raising a nine-figure RMB sum. The round was led by HongShan, with participation from Prosperity7 Ventures, Langcheng Capital, and Plug and Play China. —36Kr
- Affinity Biopharma, through its parent company, has secured over RMB 400 million (USD 56 million) in Series B2 funding. The round was led by SDIC Fund, joined by China Growth Capital, Hangzhou Hongcheng Investment, SDIC Securities, Guosheng Capital, Hongfu Invest, Chengdu Anxin Guosheng Microchip Fund, Guoyuan Innovation Investment, and Hongyao Science and Technology, among others. Affinity specializes in tumor microenvironment activation (TMEA). —36Kr
UnaBiz, Alibaba, KPay, and more made recent headlines:
- UnaBiz, which provides internet-of-things services at scale, announced a strategic investment from Frank Phuan, co-founder of Sunseap Group, during its pre-Series C funding round.
- Alibaba Group invested KRW 100 billion (USD 70.7 million) for a 5% stake in Ably Corporation, South Korea’s leading female apparel shopping app.
- KPay Group, a financial management and operations platform, raised USD 55 million in a Series A funding round led by two Apis Partners-managed growth funds.
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