A little bit more of this, a little bit less of that

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Hello there,

I’ve been writing this weekly newsletter for a while now, and it used to be that we’d easily have three or more M&A deals to include in every edition. Recently, though, these have been slowing down – there’s only one today, for example, and a few weeks ago there were none. I suppose that reflects the general wintery mood of the tech scene and the economy at large.

Image credit: Timmy Loen

That said, funding deals are still being closed, and not for peanut sums either. A lot of VCs talk about there still being a lot of “dry powder” in the market, and that certainly seems to be the case.

Let’s see how things shake out in the weeks and months to come.

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.

— Winston

The biggest deals by country

🇮🇳 Table Space: The Indian co-working space provider locked down US$300 million in bridge funding from Hillhouse Capital.

🇨🇳 Trinomab: The Chinese immunotherapy and antibody developer closed US$104 million in late-stage funding from EFung Capital, Gree Financial Investment, and Haichuang Anda Investment, among others.

🇰🇷 Jeongyookgak: This South Korean startup that produces and delivers fresh meats and groceries bagged US$37.6 million in series D funding. Investors include Atinum Investment, Capstone Partners Korea, and KDB Bank.

🇸🇬 Igloo: The Singapore-based insurtech firm secured US$27 million in a series B extension round. Participating investors include Cathay Innovation, InsuResilience Investment Fund, and La Maison Partners.

Lists of most active investors in the region