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Hello reader,
What are the industries that are commanding the bulk of fundraising dollars? Well, we all know AI’s top of the list. This week, 15 of the 65 companies on our fundraising list operate in the space, and there are plenty more that definitely use AI in some way, but are tagged as “fintech” or “ecommerce” or such.
But while AI has volume, the health and biotech sector has scale. The largest deal in our dataset is a US$787 million strategic investment into Earendil Labs, and there are numerous investments into early-stage biotech investments, signalling keen interest in the life science sector.
As they say, health is wealth. In my view, it’s certainly a sector to watch.
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.
— Stefanie
The biggest deals by country
🇨🇳 Earendil Labs is an AI-powered biotech company focused on drug development. Based in China, it raised US$787 million in strategic investment from DST Global, Dimension Capital, INCE Capital, Luminous Ventures, and Miracle Capital.
🇹🇭 Specializing in AI-powered software products, Amity Solutions, which hails from Thailand, bagged US$100 million in series D funding from Asia Partners, CMLIM Capital, EDBI, SG Growth Capital, and SMDV.
🇮🇳 Rocketlane is an automation software firm based in India. It raised US$60 million in series C money from Insight Partners.
🇰🇷 Building a software supply chain security system, Labrador Labs, a company from South Korea, bagged US$14.5 million in series B funding from DS Asset Management, Korea Asset Investment Securities, Novorsec Investment, POSCO Capital, Shinhan Venture Investment, Stonebridge Capital, and Tyche Investment.
🇦🇺 Silicon Quantum Computing develops quantum computers and analogue quantum devices. Based in Australia, it raised US$14 million in series A money from the National Reconstruction Fund Corporation.
M&As
Startups that are raising funds
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