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Hello reader,
Of today’s top deals, one stands out to me. Rukita, which received US$15 million in series B money, offers affordable rental options catered to Indonesia’s burgeoning middle class and millennials.
I’m pretty lucky – I managed to get a place just before prices started to rocket. But I can certainly empathize with my peers who have to deal with rising rents and housing scarcity.
Also, as someone who sees my house as a source of respite, I can’t imagine having to move every couple years just because a landlord decided to hike rents.
Anyway, Rukita is a reminder that there are companies out there with worthwhile missions, and I hope we see many more such firms get the funding they need to fulfill their goals and help people.
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 market
🇮🇳 Hailing from India, Perfios is a personal financial software that extracts, categorizes, and analyzes thousands of data types in real time. It closed an US$80 million series D round, with the Teachers’ Venture Growth as the sole investor.
🇨🇳 Juexin Microelectronics develops and manufactures semiconductor devices and sensors. The Chinese firm got US$70.5 million in series A money from CASIC and Hunan Dice Venture Capital.
🇮🇩 Indonesia-based Rukita aims to repurpose underutilized real estate to create affordable quality living spaces for rent. It secured a US$15 million series B round to aid its mission. The investors include BNI Ventures, Golden Gate Ventures, and MPower Partners.
M&As
Startups that are raising funds
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