Funding figures are trending downward

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Hello reader,

Funding news is always in the back of my head, somewhere. It’s not a priority piece of information in my daily writing and editing work, but I have a general idea of the week-to-week figures that we jot down in these newsletters.

So when I saw this week’s numbers, the current economic outlook got real – these are some of the lowest figures I’ve seen since I started writing these updates. Nothing like cold, hard data to drive the point home, huh?

Still, over US$445 million changed hands recently – that’s still a lot of money. Let’s see which direction things trend in in the weeks and months to come.

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.

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The biggest deals by country

🇨🇳 TYSiC is a China-based company that develops and manufactures silicon carbide epitaxial wafers. It raised US$176 million in strategic investment from China-Belgium Direct Equity Investment Fund, Guangdong Jia Yuan Tech, Nanchang Industrial Investment, and Technology Financial Group.

🇮🇳 Mensa Brands acquires ecommerce brands from India and helps them scale. The firm received US$36 million in debt financing from TradeCred.

🇸🇬 Ion Mobility is a Singapore-based company that aims to create affordable and sustainable electric vehicles. It closed a US$18.7 million series A round, with investors such as AC Ventures, GDP Venture, and Monk’s Hill Ventures.

🇰🇷 Medibuilder is a software-as-a-service firm whose solutions allow partner hospitals to work together in a joint venture and provide services more efficiently. The South Korean startup bagged US$7.2 million in series A money from Bass Investment and LB Investment.

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M&As

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Startups that are raising funds

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Killer pitch decks

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Exclusive listicles

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Thoughtful reads