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Hello reader,
One of the articles I’ve read – and added to the Thoughtful Tidbits – this week says 41% of this year’s VC funding has gone to only 10 startups. I think you can easily guess the industry receiving most of it.
Despite that, the top deals this week come from a variety of verticals. Yes, AI still features, but big-money fundraising is clearly still constantly happening elsewhere.
My takeaway is that, if you’re already building something that doesn’t actually need AI, don’t be pressured into incorporating it into your solution just because it’s the latest buzzmaker. Stay true to your fundamentals, and it can pay off.
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 that recently took place.
The biggest deals by country
🇮🇳 Truemeds, an Indian online pharmacy focused on generic drugs, has secured US$85 million in a new funding round led by Accel. Peak XV Partners, WestBridge Capital, and InfoEdge Ventures also participated in the fundraise.
🇰🇷 Datumo, formerly known as SelectStar, is an AI data company based in South Korea. It has clinched US$15.5 million from investors – including Salesforce Ventures, KB Investment, and SBI Investment – bringing its total funding to approximately US$28 million.
🇨🇳 Changjing Electronics Technology is a Chinese enterprise specializing in the research and development, manufacturing, and sales of semiconductor products. It has secured US$13.7 million in strategic funding from Jinan Blue Sky Investment and the Jiangsu Province Energy Conservation and Environmental Protection New Industry Fund.
🇯🇵 Miresso, a fusion startup headquartered in Japan, has secured US$12.8 million in series A money from Spiral Capital, Genesia Ventures, and Pacific Metals.
Startups that are raising funds
Behind the Glasswall
Inside the playbooks of the Vietnamese startups going regional
Exclusive listicles
Thoughtful Tidbits
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