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Hello reader,
Happy New Year! How was your first week back at work? Here at Tech in Asia, there was a real sense of hitting the ground running, as if we were all held in stasis for the holidays and then thawed out to just continue as we were once the calendar flipped to January 2.
Similarly, funding deals didn’t stop just because it was the festive period. Read on to see which company closed a US$80 million series C round while the rest of us were just getting back into the swing of things.
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
🇵🇭 Maya Innovations, a Philippines-based startup that primarily develops fintech platforms, has raised US$80 million in series C funding from investors including Jumel Holdings, First Pacific Company, PLDT Inc, SIG Venture Capital, and Tencent. The startup’s most recognizable product is the mobile wallet PayMaya.
🇮🇱 Aqua Security, an Israeli firm that provides a scalable security solution that protects containerized applications against internal and external threats, has closed a US$60 million series E round. Investors include the likes of Lightspeed Venture Partners, Stepstone Group, and Evolution Equity Partners.
🇨🇳 Baoying Gas is a Chinese national gas company that focuses on the production, exploration, and development of industrial gas solutions. It secured US$55.9 million in series B money from Hengxu Capital, Itg Holding, BOCOM International, and Cathay Capital Private Equity.
🇯🇵 Japan-based Micoworks operates a sales and marketing tool called MicoCloud. The firm closed a US$24.5 million series B funding round from Vertex Growth Fund (FGV), Mitsubishi UFJ Capital, and JAFCO Group Japan, among other investors.
🇮🇩 Swapis a city-based infrastructure of battery-swapping stations for e-motorcycle riders. The Indonesian firm secured US$22 million in series A round from Qiming Venture Partners, GGV Capital, Ondine Capital.
M&As
Startups that are raising funds
Killer pitch decks
Join us for this closed-door roundtable and networking dinner on Feb. 1
Exclusive listicles
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