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Hello reader,
How has your week been? Mine has been incredibly busy, and if the number of M&As in this week’s newsletter is any indication, it’s been the same for Asia’s tech and business world. Frankly, this is the most M&A’s in one week I’ve seen in all the time I’ve been writing this newsletter.
Between the start of a new year and the many public holidays in Q1, things have gotten off on a slow start. But this week’s deals may mean March is when things really start firing on all cylinders.
Here’s hoping your work has kicked off well too.
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
🇮🇳 Zolve, a cross-border neobanking startup based in India, has secured US$251 million in series B funding. The round was led by Creaegis and included participation from banks HSBC and SBI as well as VC firms GMO and DG Daiwa.
🇭🇰 Insilico Medicine is an AI-driven drug discovery company based in Hong Kong. It has raised US$110 million in its series E funding round, which was led by Value Partners Group, with investments from Warburg Pincus, OrbiMed Advisors, and Eli Lilly & Co.’s venture arm.
🇮🇱 Sola Security, an Israeli cybersecurity startup, has launched from stealth mode with US$30 million in seed funding. The round was co-led by S Capital and former Sequoia venture capitalist Mike Moritz. S32, Glilot Capital Partners, and other angel investors joined the round.
🇦🇺 Sydney-based workplace well-being platform Sonder has closed a US$25.2 million series C round. Hostplus, Blackbird, MA Growth Ventures, and Seek Investments were the participating investors.
M&As
Startups that are raising funds
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