Funding secured by BillEase and Prep, Malaysian conglomerate Khazanah Nasional establishes MYR 3 billion fund partnered with two entities, Thunes makes move to purchase Tilia, and additional developments.
In the dynamic world of tech, startups continue to attract significant investments, driving innovation and growth. Here are some notable funding rounds that have recently taken place:
Haomo.ai Secures Series B2 Funding
Haomo.ai, an autonomous driving solutions provider, has raised RMB 300 million (USD 41.4 million) in a Series B2 funding round. The investment was led by a newly formed fund by existing investor JZ Capital and Changxing County in Huzhou, Zhejiang.
Hyperway Pharmaceutical Completes Series A+ Funding
Hyperway Pharmaceutical, a Chengdu-based biopharmaceutical company, completed its Series A+ funding round with undisclosed investment from Xincheng Fund, Orinno Capital, Guoyuan Innovation Investment, and Sunbow Capital.
BillEase Secures Additional Funding and Expanded Credit Facility
Consumer finance platform BillEase in the Philippines secured USD 5 million from Saison Investment Management Private Limited (SIMPL). The company's existing credit facility has been expanded from USD 20 million to USD 40 million. BillEase offers various consumer financing products such as personal loans, e-wallet top-ups, bill payments, and buy now, pay later solutions. The investment marks Saison International's only exposure to the growth in the Philippines' credit sector. Notably, BillEase achieved profitability in 2023, having doubled its revenue year-on-year and delivering a 47% return on equity.
Prep Raises Series A Funding for Edtech Startup
Prep, a Vietnamese edtech startup, completed a Series A funding round, led by Cercano Management and Northstar Ventures. Prep previously raised USD 1 million in a separate round in April 2023.
Shunde Douhe Electronic Technology Secures Funding
Shunde Douhe Electronic Technology, a Foshan-based small home appliance producer, raised a nine-figure RMB sum in a funding round led by Midas Capital and Lion Partners Capital.
Puffverse Secures Funding for Web3 Project
Puffverse, a Web3 project featuring NFT characters, secured USD 3 million in a funding round led by Animoca Brands.
ADQ and OIA Launch Jasoor Fund for MENA Startups
ADQ and OIA launched the Jasoor Fund, a USD 180 million fund to support innovative tech startups in MENA.
Toku to Acquire AiChat
Toku, a cloud communications and customer experience solutions provider, announced its intent to acquire Singapore-based chatbot startup AiChat.
Plane Raises Funding for Open Source Project Management Platform
Plane, an open source project management platform, raised USD 4 million in a seed funding round from OSS Capital.
Kosuke Mori Expresses Optimism over BillEase Investment
CEO of Saison International, Kosuke Mori, expressed optimism over the investment in BillEase.
Thunes to Acquire Tilia
Thunes, a cross-border payments company, announced an agreement to acquire Tilia, an "all-in-one" payments platform. The financial terms of this deal were not disclosed.
iKitbot Secures Pre-Series A Funding
iKitbot (Qibo Technology), a Shenzhen-registered robotics company specializing in commercial cleaning solutions, secured an eight-figure RMB sum in a pre-Series A funding round led by GSR United Capital.
These funding rounds underscore the vibrant investment landscape in the tech sector, with startups across various industries attracting significant capital to fuel their growth and innovation.
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