It’s always sunny when you get money

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Hello reader,

In last week’s newsletter, I mentioned being pleasantly surprised to see a climate tech firm appear in the top funded list. Well, this week, two companies – one is from the industry, the other plays an important adjacent role – also made it.

Maybe if I keep talking about this, we’ll have three firms next week.

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.

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The biggest deals by country

🇦🇺 Australian firm Liontown Resources develops and supplies the battery minerals required by the electric vehicle and energy storage industries. It closed US$250 million in bridge funding from LG Energy Solution.

🇯🇵 SmartHR is a cloud-based software that automates the procedure of social insurance and employment insurance. The Japanese company has raised a US$140 million series E round from KKR and Teachers’ Venture Growth.

🇨🇳 KargoBot, a developer of intelligent driving technology from China, has bagged US$83.3 million in series A money. China International Marine Containers, Ordos Venture Capital, and Shenzhen Investment Holdings were among the participating investors.

🇮🇩 Indonesian solar energy company Xurya has closed a US$55 million series B round. Investors who joined the fundraise include AC Ventures, British International Investment, and Clime Capital.

🇸🇬 Xcelerate is a Singaporean firm that offers governance, risk, and compliance solutions. It has received US$52 million in debt financing from Orionis Capital.

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M&As

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Startups that are raising funds

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Behind the Glasswall

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This time it’s different – come see it for yourself

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Exclusive listicles

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Thoughtful reads