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Hello reader,
I just wrote last week that it’s rare to see a Singaporean company at the top of these funding newsletters, but GXS Bank’s US$109 million deal makes it two in a row.
Am I about to launch into a patriotic speech? No; it is Friday and I have had a busy – but fruitful! – week. I hope yours was as well, and that you have a good weekend ahead.
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 market
🇸🇬 GXS Bank, a Singaporean digital bank, received US$109 million in strategic funding from Grab and Singtel.
🇭🇰 HashKey Group is a Web3 infrastructure developer and virtual asset group based in Hong Kong. It closed a US$100 million series A round, claiming unicorn status with a pre-money valuation of US$1.2 billion, according to the company. The investors were undisclosed.
🇨🇳 JD Energy is a Chinese energy storage system developer. It secured US$42.2 million in series C funding from Bank of Communications Financial Assets Investment, CCB Financial Asset Investment, China International Marine Containers, and Guangzhou Industrial Investment and Capital Operation Holding Group.
🇮🇳 Based in India, Medi Assist is a healthtech and insurtech company. It got over US$42 million in late-stage funding from a group of investors, including the likes of Aditya Birla Group, Aditya Birla Sun Life Insurance, and Bandhan Mutual Fund.
🇦🇪 Tumodo, a business travel platform from the United Arab Emirates, has raised US$35 million in a pre-seed round co-led by angel investors focused on the Middle East and North Africa.
M&As
Startups that are raising funds
Killer pitch decks
Exclusive listicles
Thoughtful reads
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