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Hello reader,
I’ve not been having a very good time recently. Over the span of three weeks or so, I’ve pulled a muscle in my back, sprained my ankle pretty badly, and come down with a bit of a stomach bug. I’m convinced that Mercury must be in retrograde, or something like that.
My recent spate of misfortunes shares some parallels with everything startup founders have been going through. The last few years have felt like one thing after another, and the ongoing funding winter is just another struggle on top of the pile they’re grappling with.
Still, they’ve stayed resilient and are still moving forward, and some of them even have raised funds despite all the hurdles standing in their way. Others have been able to exit through M&As, which is also a good thing in itself.
Here’s hoping that things start looking up for the startup scene (and also for me).
Image credit: Timmy Loen
You can find all other important investment deals that happened over 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
🇨🇳 Ada Space is a commercial AI satellite data service company based in China. It has raised US$68.7 million in series C money. Investors in the round were Hongtai Aplus, Taishan Urban Construction Group, Qingdao Haifa State Owned Capital Investment and Operation Group, Orinno Capital, and Jiaxing Jiaxiu Development Investment Holding.
🇮🇩 Vktr is an electric-vehicle firm from Indonesia. It has secured US$16 million in a debt round from Bank Central Asia.
🇸🇬 ZTX, a Web3 startup that aims to empower creators and communities, has bagged US$13 million in a seed round from Jump Crypto.
M&As
Startups that are raising funds
Killer pitch decks
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Exclusive listicles
Thoughtful reads
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