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Hello reader,
Up until recently, the Dallas Mavericks – the NBA team I support – felt very much like a one-man show. Luka Dončić is a fantastic player, but most of his teammates were limited, usually only good at one or two things. This meant that whenever he went to the bench or couldn’t play due to injury or suspension, the team’s performance cratered.
“Top-heavy” would be an accurate word. And it’s also relevant to today’s deals – while second and third place post impressive numbers at US$132 million and US$80 million respectively, the top deal today blows them out of the water at US$5.3 billion.
Image credit: Timmy Loen
You can find all other important investment deals that happened over 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
🇨🇳 ChangXin Memory Technologies is a Chinese company that designs and manufactures dynamic random-access memory semiconductor products. It received US$5.3 billion in bridge funding from the China National Integrated Circuit Industry Investment Fund.
🇸🇬 Singlife, a Singapore-based digital insurer, secured over US$132 million in strategic investment from Sumitomo Life.
🇮🇳 Xpressbees, an Indian logistics company specializing in ecommerce, got US$80 million in series G money from the Ontario Teachers’ Pension Plan.
🇯🇵 Luup, a Japanese firm that creates a short-distance mobile infrastructure, closed a round of debt financing worth over US$24 million. Participating investors include the likes of Bank of Kyoto, Credit Saison, and JA Mitsui Leasing.
🇰🇷 South Korean firm DoBrain provides educational interventions for children. It secured a US$14.7 million series B funding round, with InterVest and KB Investment putting their money in.
M&As
Startups that are raising funds
Killer pitch decks
The “growth at all costs” era is over. What’s next?
Exclusive listicles
Thoughtful reads
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