Investments Announced: Peptobiotics secures USD 6.2 million, Meaningful Partners backs Allies of Skin, multiple deals in China and India, and further investments highlighted
In the dynamic world of startups, Asia continues to make its mark with significant investments across various industries. Here's a glimpse of some recent funding rounds that have taken place in the region.
Skincare and Agritech Startups Secure Funding
Allies of Skin (AOS), a Singapore-based skincare brand, raised $20 million from Meaningful Partners. AOS aims to bolster its marketing efforts, conduct R&D, and build a US-based team with the new funding. Meanwhile, Singapore-based agritech startup Peptobiotics raised an oversubscribed Series A funding round of $6.2 million. Peptobiotics plans to commercialize its antimicrobial peptide technology to replace the use of ai in agriculture.
Funding for Tech and Fintech Companies
WYZauto, a Thailand-headquartered online tire marketplace, secured $2.25 million in funding. Precision Systems, a Shanghai-registered precision coating systems and solutions provider, completed a Series A funding round. Smartpay, a Japanese fintech company, raised $7 million in a pre-Series A funding round.
Investments in the Real Estate and AI Sectors
Asia-Pacific Strategic Investments (APS), a real estate firm listed on the Singapore Exchange (SGX), acquired Mobii Genius for $150 million. Terminus Group, a corporate provider of AIoT solutions, completed a $276.4 million Series D funding round.
Funding for the Biotechnology and Oncology Sectors
D3 Bio, a biotechnology company based in China, raised $62 million in its Series A+ financing round. The funding will support the advancement of D3 Bio's oncology pipeline.
Acquisitions in the Garment Manufacturing Industry
Sae-A Trading, a South Korea-based garment manufacturer, agreed to acquire Tegra's operating entities in the US, El Salvador, and Honduras.
Funding for Underwater Robotics and AI Applications
Planys Technologies, a provider of underwater robotic inspection and surveillance solutions, raised $5.1 million in a funding round. Cloudpeng Technology, a Jinhua-based ai applications developer, bagged an eight-figure RMB sum in a Series A funding round.
Funding for the Hospitality Sector
RedDoorz, a Singapore-based budget hotel network, secured $28.2 million from several investors.
Other Notable Investments
Hisingy, a recreational drone developer, completed an extended angel funding round. PlatinumRx, a Bengaluru-based online pharmacy platform, raised $800,000 in a seed funding round. XF Technology, a Chengdu-headquartered ai infrastructure supplier, secured $13.8 million in a pre-Series A funding round.
The funding round for Peptobiotics was led by Hatch Blue, with other investors including The Yield Lab, Seventure Partners, SEEDS Capital, The Yield Lab Asia Pacific, GrainCorp Ventures, Farmabase, Trendlines Agrifood Fund, Ponderosa VC, and others participating. The specific other investor names from the Series A round are not explicitly listed in the available search results.
These investments underscore the growing interest in Asia's startup ecosystem, spanning various sectors from skincare and agritech to fintech, real estate, biotechnology, underwater robotics, ai applications, and the hospitality sector.
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