News of a merger, an acquisition, and an exit walked into a bar…

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Hello readers,

Man, what a week for Southeast Asia.

We heard talk of Gojek and Tokopedia merging into a new company called “Goto,” Fave got acquired by India’s Pine Labs, and Grab finally revealed its plans to go public in the US via what will be the largest special purpose acquisition company (SPAC) yet.

As the news of these prominent deals and more flooded our Slack channel, I couldn’t help but be amused at how they were all seemingly happening one after another, as if these companies were conspiring to test our journalists’ typing speed.

Despite the crunch time that followed, there was less groaning and more excited chatter about what might happen next. After all, the amount of news signals one thing: The region’s startup ecosystem is heading towards an era of unprecedented growth – and we’re more than happy to have a front seat at this spectacle.

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.

BIGGEST DEALS BY COUNTRY

🇮🇱 Memic Innovative Surgery: The Israeli healthtech startup bagged US$96 million from Accelmed, OurCrowd, and Peregrine Ventures in its series D funding round.

🇨🇳 Abogen Biosciences: The China-based biotechnology company got US$92.3 million in series B money from HighLight Capital, Hillhouse Capital, Lyfe Capital, Ming Bioventures, PICC Capital Investment Management Co., SDIC Venture Capital, TF Capital, and Yunfeng Capital.

🇮🇳 iBus Networks: The Indian in-building wireless solutions provider raised US$21 million in strategic investments from Morgan Stanley.

Lists of most active investors in the region

List of top-funded startups in Asia