Tin Men Capital leads USD 8 million investment in Manuva
The Indonesian supply chain platform has raised USD 8 million in a new financing round led by Singapore-based venture capital firm Tin Men Capital. The VC firm invested USD 3 million of the total sum raised by Manuva.
Manuva will use the funds to develop new product categories such as biodegradable packaging, and expand into new domestic markets including the islands of Java, Bali, Sumatra, and a number of large-sized cities across Indonesia.
MedEasy secures seed funding to improve healthcare services in Bangladesh
The Bangladesh-based health tech startup has raised USD 750,000 in a seed funding round backed by investors including Seedstars International Ventures, Doha Tech Angels, Startup Bangladesh Limited, Accelerating Asia, and nVentures.
MedEasy offers services such as online doctor consultations and medication deliveries. The funds raised will aid MedEasy’s efforts to streamline and improve the accessibility of healthcare services for underserved patients across Bangladesh. —Tech in Asia
Saladin completes Series A round led by Monk’s Hill Ventures
The Vietnamese insurtech company has secured an undisclosed amount in a Series A funding round led by Monk’s Hill Ventures, with participation from Saladin’s pre-seed investors including Peak XV Partners, Venturra Capital, Patamar Capital, and a consortium of angel investors.
Saladin will use the funds to accelerate the development of technology and insurance products and expand its marketing, sales partnership networks, and customer support services. —e27
Elsa raises USD 20 million to enhance AI-based English learning app
The Vietnam-based language learning app, backed by Vietnam Investment Group, has secured USD 20 million in a new funding round led by UOB Venture Management with participation from other investors. —DealStreetAsia
Recent deals completed in China:
- DreamFly, an electric vertical takeoff and landing (eVTOL) aircraft developer, has secured an eight-figure RMB sum in a seed funding round led by Tengye Ventures. A Tsinghua Capital-managed seed fund also participated in the round. —36Kr
- Unic Data, a data intelligence solutions provider in the automotive industry, has announced the completion of Series A2 and A3 rounds of financing, amounting to an eight-figure RMB sum. Yunqi Partners and another Chinese investor led the rounds, respectively. Swift Capital served as the exclusive financial advisor. —36Kr
- Paragonage, a supplier of sodium ion battery solutions, has completed a pre-Series A round of financing worth an eight-figure RMB sum. The investors include Wuxi Public Utilities Industrial Group and the Wuxi Yunlin Industry Development Fund. This is the second time Paragonage has received institutional support in less than three months, since completing an angel funding round in June this year. —36Kr
Ola Electric, Certa, GTA Semiconductor, and more led last week’s headlines:
- Ola Electric, an India-based e-scooter manufacturer, will receive USD 140 million in a funding round led by Singapore’s state-backed investor Temasek. This investment will value Ola Electric at USD 5.4 billion and aligns with the company’s plan to go public via an IPO later this year.
- Certa, a third-party risk management platform, has secured USD 50 million in an oversubscribed Series B funding round. Fin Capital led the round, with participation from investors such as Vertex Ventures Southeast Asia and India, Tru Arrow Partners, and more. Certa plans to use the funds to enhance its go-to-market strategies, expand into new high-growth markets, and accelerate the adoption of its generative artificial intelligence technology.
- GTA Semiconductor, a Shanghai-based automotive chipmaker, has secured RMB 13.5 billion (USD 1.8 billion) in funding from state-affiliated funds and institutional investors. This investment will further the company’s endeavors in automotive chip manufacturing.
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