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Hello,
A few years ago, I interviewed Kelvin Teo, the co-founder of Funding Societies, on the Startup Snapshot podcast about the challenges the startup faced in its early years.
A lot has happened since that conversation. The SME digital lending platform weathered the pandemic, raised capital a number of times, and even launched its services in new markets. Then this week, the firm raised US$144 million in a series C+ round.
It’s great to see founders I’ve met take their startups to greater heights – in fact, I’d say it’s one of my favorite things about this job.
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
🇮🇳 Uniphore: The India-based conversational automation firm bagged US$400 million in series E money from March Capital and New Enterprise Associates.
🇸🇬 Funding Societies: The Singapore-headquartered fintech startup secured US$144 million in a series C+ round from Ascend Vietnam Ventures, BRI Ventures, EDBI, Indies Capital Partners, K3 Ventures, Rapyd, Sequoia Capital, SoftBank Vision Fund, and VNG Corporation.
🇰🇷 SemiFive: The South Korea-based semiconductor firm raised US$104 million in series B funding from Bon Angels, Korea Investment Partners, LB Investment, Mirae Asset Venture Investment, Pavilion Capital, and SoftBank Ventures Asia.
🇨🇳 Smartlogictech: The Chinese microprocessor tech IP licensing and chip service provider got US$100 million in series C money from CICC Capital, Chipone Technology, Grand Flight, and TFTR Investment.
M&A
Startups that are raising funds
Killer pitch decks
Exclusive listicles
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