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Hello reader,
I’ve been trying to cut back on my consumption of sugary drinks recently, which is really hard for someone who subsists on Coca-Cola, Milo, and fruit juice. I’ve been trying to drink more fruit-infused water and unsweetened teas instead – it’s not the same, but as far as alternatives go, it could be worse.
Looking at today’s funding data, a number of companies have sought out “alternatives” to traditional fundraising, such as debt financing or strategic investments. While these may not come from the typical VC, they still provide firms with an opportunity to raise funds in the ongoing economic downturn. And if it works, it works.
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 and M&As that recently took place.
The biggest deals by market
🇨🇳 Nio is a Shanghai-based company that produces electric vehicles. It raised US$1 billion in a debt round.
🇵🇭 Philippine-based, publicly listed investment and management company Metro Pacific Investments Corporation has bagged US$148 million in a strategic investment from Mitsui & Co.
🇮🇳 Asian Institute of Nephrology and Urology, a leading specialty hospital for kidney care in India, has received US$72 million in a strategic investment from Asia Healthcare Holdings.
🇸🇬 Singapore-based insurtech firm Bolttech has raised US$50 million in a series B extension from LeapFrog Investments.
🇭🇰 Bowtie is a Hong Kong-based insurtech firm as well as a fully licensed virtual insurance company. It raised US$34.9 million in series B money from Mitsui & Co and Sun Life Financial.
M&As
Startups that are raising funds
Killer pitch decks
Founders’ real talk: a candid conversation about the Philippines’ startup ecosystem
Exclusive listicles
Thoughtful reads
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