Spreading the love (and money)

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Hello reader,

I love it when the top-funded firms all come from wildly different industries. Today, we highlight deals for companies in the fields of electric vertical take-off and landing (eVTOL), wireless laser tech, and mental health. I don’t think they have anything in common besides receiving funding this past week.

I’m a believer in leading a holistic lifestyle – nourishing the brain, body, and soul. Getting to see that play out in the tech and funding scene always tickles me in the right way.

You can find the rest of this week’s important investment deals in our funding news wrap-up.

Let’s dive into the biggest deals that have recently taken place.

— Winston

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The biggest deals by country

🇨🇳 TCab Tech is a leading Chinese eVTOL manufacturer. It has closed a US$42.3 million series B round, with participation from Meridian Capital, Peakvest, and Puhua Capital.

🇦🇺 Australian firm Rage Biotech has locked up US$19 million in series A funding from Hostplus, IP Group, and Monash Ventures. The money will be used to advance the development of a therapy for chronic inflammatory lung disease.

🇸🇦 Builtop is a digital procurement startup headquartered in Saudi Arabia. Focused on the construction and real estate sectors, the company has secured US$11 million in series A funding from TAM Capital.

🇸🇬 Transcelestial, a Singapore-based startup that develops wireless laser tech for internet and data connectivity, has raised an additional US$9.7 million, bringing its total funding to US$34.7 million. MPower Partners participated in the round, alongside continued backing from Seeds (SG Growth Capital), Kickstart Ventures, NTT Finance, and Golden Egg Ventures.

🇮🇳 MindTalk is a digital mental health platform from India. It has received a US$7.3 million investment from Cadabams Group, a mental healthcare provider.

Here’s the complete list of this week’s funding chart: 78 deals worth over US$200 million.

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Startups that are raising funds

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Behind the Glasswall

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Exclusive listicles

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