This edtech startup keeps raising moola

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Hello readers,

Indian edtech startup Byju’s looks like it’s having a wonderful 2020 so far, if the amount of
funding it’s gotten is any indicator.

This week, the company raised US$500 million in its latest funding round, off the back of a US$122 million investment from DST Global in late August. And that’s on top of the other investments that have been made into Byju’s earlier this year.

Edtech startups on the whole seem to be doing well, which makes sense. Education is important, after all. With Covid-19 disrupting learning experiences in one way or another around the region, parents are willing to spend in order to make sure their children don’t fall behind – and investors are certainly taking note.

You can find all the other important investment deals that have happened in the last few days in our weekly funding news wrap-up.

Let’s dive into the biggest deals that recently took place.

The biggest deals by country

🇮🇳 Byju’s: The Indian edtech company bagged US$500 million this week, with Owl Ventures and Silver Lake among the investors.

🇨🇳 MicroPort: Focused on the research and development of surgical robots, MicroPort raised US$429 million from Callon Petroleum Company, Grand Flight, and others.

🇸🇬 Thunes: The fintech startup, which aims to deliver smarter payment solutions for emerging economies, bagged US$60 million in Series B funding from Checkout, Future Shape, GGV Capital, and Helios Investment Partners.

🇮🇱 AnyVision: AI company AnyVision, which focuses on facial recognition tech, raised US$43 million from existing investors.

🇹🇼 Vpon: The Taiwanese big data and ad technology company raised US$37.8 million in Series C funding from investors STIC Ventures and Beenos, among others.

Going deeper

Pitch decks for your reference

Lists of the most active investors in the region

List of the top-funded startups in Asia