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Hello reader,
Happy new year! I hope that 2022 was a fulfilling one for you and 2023 will be even better.
Here in Singapore, all the Christmas decorations have been taken down and we’ve moved on from the season. It’s something I’ve always been highly amused by – once a holiday is over, all traces of it are suddenly gone and we go straight to the next festival or event.
In this case, Chinese New Year stores and festivities have started popping up even though we’ve still got some weeks to go. Public decorations aren’t the only thing the Chinese are dominating this week – our data shows that the top two funding deals over the last week came from China.
Image credit: Timmy Loen
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.
The biggest deals by country
🇨🇳 IQiyi: The Chinese TV and movie streaming platform raised US$500 million in debt from PAG.
🇨🇳 Kelun Biotech: Based in China, Kelun Biotech is a drug developer that scored US$200 million in series B funding from CMG-SDIC Capital Management, Cinda Asset Management, IDG Capital, and other investors.
🇰🇷 Brite Energy Partners: The Korean greentech firm, which develops and finances small utility-scale solar farms, netted US$100 million in bridge funding from BlackRock.
🇮🇳 SarvaGram: Headquartered in India, the fintech firm raised US$35 million in series C capital from Elevar Equity, Elevation Capital, TVS Capital Funds, and Temasek Holdings.
M&As
Startups that are raising funds
Killer pitch decks
AMA about founding teams
Exclusive listicles
Thoughtful reads
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