Sign up for the Daily Newsletter, sent exclusively to our premium subscribers. We break down the big and messy topics of Asia’s tech and startup community. Get the newsletter in your inbox everyday with a premium subscription.
Hello reader,
The Lunar New Year weekend has come and gone, but it was a great time. I stuffed my face with lots of good food, met up with relatives, and collected red packets (a key perk of being unmarried).
This is also the one time of the year when Singapore slows down a little. The city has a reputation for being always on and hurtling along at breakneck speed, but during this holiday, businesses that rarely close their doors also take some time off. It’s a nice change of pace.
The startup investment scene seemed to be on the same pace as well. Things have been fairly quiet over the last week – but now that the festivities are over, I expect things to pick up as companies go full steam 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 country
🇮🇳 Log9 Materials is a nanotechnology research and development startup based in India. It bagged US$40 million in series B money from Amara Raja Group, InCred, Oxyzo Financial Services, Petronas Ventures, Unity Small Finance Bank, and Western Capital Advisors.
🇰🇷 Energy X, an AI-driven online energy platform from South Korea, raised US$16 million in a series B round. Enlight Ventures, Honest Ventures, Shinhan Asset Management, VTI Partners, and Welcome Ventures participated in the round.
🇯🇵 Terra Drone uses drones to provide civil engineering surveys and facility inspections. The Japan-headquartered hardware firm received US$14.8 million from Wa’ed Ventures, the VC arm of Saudi Aramco, in a strategic investment.
🇮🇩 Indonesian ecommerce platform iSeller took home US$12 million in series B money from Intudo Ventures, KVision, Mandiri Capital Indonesia, and Openspace Ventures.
M&As
Startups that are raising funds
Killer pitch decks
Exclusive listicles
Thoughtful reads
Stay updated on the go with our mobile app.
Get latest insights with smoother, more personalized experience through TIA mobile app.
