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Hello reader,
December is here – I don’t know about you, but I’m ready to start winding down for the year.
I think the last month of the year – more specifically, that final week between Christmas and New Year – is when we should be the least productive versions of ourselves. Let’s circle back in 2024, y’know?
Of course, that’s just me being eager to get the holidays started. If you’re my boss and you’re reading this (hi, Winston), I promise to be productive and efficient as always … until the annual leave I’m taking this festive season rolls around, that is.
The startups featured in today’s newsletter certainly don’t share my sentiments, given that they’ve all just completed major fundraises and deals. You don’t achieve these things by wishing you could laze around in bed all day, that’s for sure.
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 market
🇨🇳 Synlight Crystal, a Chinese hardware firm specializing in silicon carbide substrates, raised US$211.9 million in a series F round from New Material Fund for Transformation and Upgrading of Jinshi Manufacturing Industry and Jingjinji Industry Synergistic Development Investment Fund.
🇭🇰 Klook, the Hong Kong-based travel and experiences platform, has bagged US$210 million in series F funding from Bessemer Venture Partners, HSBC, Atinum Investment, Golden Vision Capital, Kasikornbank, Citi, J.P. Morgan Asset Management., SMIC, Krungsri Finnovate, and EQT.
🇰🇷 Okestro is a South Korean software company. It raised US$104 million in series B money from Industrial Bank of Korea, STIC Investments, IMM Investment, and KDB Bank.
M&As
Startups that are raising funds
Killer pitch decks
Exclusive listicles
Thoughtful reads
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