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Hello reader,
Of all the industries I’ve come to know during my time here at Tech in Asia, spacetech inspires the greatest awe in me.
I’m usually more attuned to products and solutions that are more relevant to people’s daily lives – think ecommerce, healthtech, and the like – but something about spacetech awakens the dreamer in me.
I know the ongoing R&D is usually focused on the more practical aspects of the sector, like making it cheaper to launch rockets, and no one’s actually developing, say, faster-than-light spacecraft (not that we know of, at least). However, it still seems like the industry that’s reaching furthest into humanity’s future.
Today’s top-funded list features a spacetech company from India, and I hope we get to see more news from the industry soon.
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&A that recently took place.
— Winston
The biggest deals by country
🇨🇳 Reprogenix is a China-based biotech firm. It has locked in US$70.4 million in series A funding from Yuhang State Investment, Gage Capital, and YuanBio Venture Capital, among others.
🇹🇭 Roojai, a digital insurer headquartered in Thailand, has raised US$60 million in a series C round co-led by Apis Partners and Asia Partners. Existing backers HDI International, Primary Group, and the International Finance Corporation also participated in the round.
🇮🇱 Hailing from Israel, Opti is an AI-native identity security platform. It has secured US$20 million in a seed funding round led by YL Ventures, Mayfield Fund, and Hetz Ventures.
🇮🇳 Agnikul Cosmos, a spacetech startup from India, has scored US$17 million in a recent funding round, bringing its valuation to US$500 million. Participating investors included Advenza Global Limited, Atharva Green Ecotech LLP, and HDFC Bank.
M&A
Startups that are raising funds
Behind the Glasswall
Exclusive listicles
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