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Hello reader,
Sometimes, when one reads about all the big money moving around in the tech world, it’s easy to get caught up in the tech and its industry-specific impacts – what a new breakthrough in AI might mean for the internal work processes of robotics companies, and so on.
That’s all very important – don’t get me wrong. But sometimes, it pays to take a step back and see what the point of all this work is. In the end, it always has to be about helping people live better and easier lives.
By the way, I’m being quite literal when I say that it pays – Spinny, One Championship, and PeopleFund are three companies with consumer-facing products and platforms that closed big funding rounds this week.
Keep trying to help people and you can’t go wrong, methinks.
Image credit: Timmy Loen
You can find all other important investment deals 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 country
🇮🇳 Spinny: The Indian online-to-offline platform for tech-savvy used-car buyers raised a US$283 million series E round from Tiger Global, Avenir Growth, and Abu Dhabi state holding firm ADQ, as well as other existing backers.
🇨🇳 ABclonal: This China-based biotech company locked down US$188 million in series D funding from CMBI, Loyal Valley Innovation Capital, Lucion Venture Capital, Sequoia Capital, and Taikang Asset.
Lists of most active investors in the region
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