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Hello reader,
Our annual Tech in Asia Conference took place in Jakarta last week, and we had a great time. I spent most of it on duty at our Speakers Lounge – it’s all hands on deck whenever Conference season rolls around – and had the opportunity to chat with several folks in the ecosystem.
Looking back, I can say there’s still optimism in the community, even with the chips down and the effervescent optimism of the early 2020s now faded. We may be a little more cautious, but we remain hopeful. And we’re going to keep going. #JustKeepBuilding
As I always say, if you’re solving real problems and have your fundamentals down pat, you’ll be alright. This week’s top-funded companies – which tackle a variety of issues, from financial inclusion to home services – show just that.
You can find all other important investment deals that happened in the last few days in our weekly funding news wrap-up.
Let’s dive into the biggest deals and M&As that recently took place.
— Stefanie
The biggest deals by market
FundPark is a Hong Kong-based company that provides financial solutions to underbanked or unbanked SMEs. It has raised US$71 million in series B money from Alpha Nova Capital Management, Radiant Tech Ventures, and Ares Management.
Noetix Robotics focuses on the development and manufacturing of humanoid robots. The Chinese firm has secured US$41 million in a bridge round from CRRC Transformation and Upgrading Fund, F&G Venture, Jiadao Private Capital, Join Hands Capital, and Vertex Ventures.
Pave Bank, a digital bank based in Singapore, has bagged US$39 million in series A money from Accel Partners, Financial Technology Partners, GC&H Investments, Helios Investment Partners, Kazea Capital, Quona Capital, Wintermute, and Yolo Investments.
Moladin, a used car marketplace in Indonesia, has scored US$35 million in an early stage round from Ascend Capital, CyberAgent Capital, DST Global, East Ventures, K3 Ventures, Northstar Group, Peak XV Partners, and Rocket Internet.
Snabbit is a platform for on-demand home services in India. It has raised US$30 million in a series C round from Bertelsmann India Investments, Elevation Capital, Lightspeed Venture Partners, and Nexus Venture Partners.
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