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Hello reader,
When I looked at our funding data for this week, I had to triple check that I had run the code properly and that the data was displayed correctly. It feels like the list is a lot shorter, and the funding rounds smaller, than what I’m used to seeing 🥲.
I suppose this is just the reality of the world we’re living in. Startup funding is tight, investors are holding on to dry powder and being far more careful about who they back, and everyone’s just focused on weathering this storm.
Still, I have faith that the region’s tech ecosystem will pull through. When the metaphorical sun emerges from the clouds, we’ll see funding go back up and companies able to raise the money they need to grow and thrive. And hopefully then I’ll be triple-checking the data because the numbers seem too high.
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 country
🇨🇳 ForwardX Robotics, a smart suitcase developer from China, has raised US$27.8 million in series C money from Hefei Hi-Tech Venture Capital, Anhui State Owned Capital Operation Holding Group Co. Ltd, and Hefei Industry Investment Group.
🇮🇳 Lentra is a SaaS lending platform that aims to empower financial institutions. Based in India, it got a US$27 million in a series B extension from Dharana Capital and Mitsubishi UFJ Bank.
🇦🇪 Kaso is a B2B platform digitalizing and automating procurement between restaurants and food suppliers in the Middle East. It secured US$10.5 million in seed funding from BY VP, Cyfr, GFC, Hala Ventures, MSA Novo, Pioneer Fund, Seedra Ventures, and Spade Ventures.
🇸🇬 Zero-Error Systems is a semiconductor company that develops space-grade integrated circuit solutions for space and autonomous vehicles. The Singapore-based firm has netted US$7.5 million in series A money from Airbus Ventures and Dart Family Office.
M&As
Startups that are raising funds
Killer pitch decks
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