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In last week’s edition of this newsletter, my colleague Jonathan talked about Japan topping our weekly list of the biggest fundraising deals, with healthtech firm Kakehashi raising almost US$98 million in series D money.
This week, the Land of the Rising Sun is once again dominating our list, with yet another healthtech company – SDP Japan, which raised US$31 million, also in a series D round.
Is there something in the water for Japanese healthtech? Perhaps so – the nation is grappling with an aging population and healthcare disparities, and healthtech can certainly help address these challenges.
Could their solutions be applicable to Southeast Asia as well, considering our own struggles with healthcare? It’s certainly worth thinking about.
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
🇯🇵 SDP Japan is a healthtech startup specializing in surgical solutions. It has raised US$31 million in series D money from Eight Roads Ventures, Globis Capital Partners, Japan Post Investment Corporation, Sumitomo Mitsui Trust Bank, Sumitomo Mitsui Trust Investment, T&D Innovation Fund, and Toda Corporation.
🇮🇳 Spinny is an online-to-offline platform serving used car buyers in India. It has secured US$30 million in a series F round from WestBridge Capital.
🇰🇷 South Korean logistics startup Colosseum has locked in US$18.9 million in a series B round. Participating investors were A-Stone Ventures, Anda Asia Ventures, CJ Investment, Daishin Securities, Hyosung Ventures, KDB Bank, Kingo Investment Partners, and Muirwoods Ventures.
Startups that are raising funds
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