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Hello reader,
Sometimes, the most exciting twists come from the most unexpected places. For example, this week’s biggest deal is from Turkey, with investment platform Midas raising US$80 million in funding.
I find this intriguing because in all the years I’ve been writing updates to this newsletter, I don’t think I have seen a Turkish company make our list before. It’s pretty exciting and a good reminder that innovative enterprises can emerge from anywhere – that’s the joy of the tech and startup world.
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 that recently took place.
The biggest deals by market
🇹🇷 Midas, an investment startup from Turkey, has closed an US$80 million series B round. Participating investors were Bek Ventures, HongShan, International Finance Corporation, Portage Ventures, QED Investors, QuantumLight, Spark Capital, Spice Expeditions, as well as Raba Partnership founder and CEO George Rzepecki and British businessman Nigel Morris.
🇰🇷 Upstage uses document processing engines and large language models to boost work efficiency. The South Korean startup has secured US$45 million in a bridge round, with participation from AMD, Amazon, InterVest, KB Securities, KDB Bank, Mirae Asset Venture Investment, Premier Partners, Primer Sazze Partners, and Shinhan Venture Investment.
🇭🇰 Hong Kong-based Robocore develops applications for robotic platforms. It has bagged US$30 million in series C money from Foxconn Technology Group (Hon Hai Precision Industry).
🇮🇳 R for Rabbit, a babycare brand from India, has raised US$27 million in series B funding from 3one4 Capital and Filter Capital.
🇨🇳 Speedbot is a 3D visual robot developer based in China. It has scored US$13.7 million in series B money from V-Capital.
Startups that are raising funds
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