16 startup funding rounds in Asia last week

It’s another big week here in Asia as we saw 16 notable startups receive funding. It’s encouraging to see some startups we’ve been following very closely, such as iCarsClub and 2C2P, involved in the action. Congratulations!

1. Kabuku | Japan

Japanese 3D printing service Kabuku announced US$2 million in series A funding led by CyberAgent Ventures. The company, founded in January 2013, operates Rinkak – an online marketplace where users can buy and sell 3D-printed products.

2. iCarsClub | Singapore

Car sharing app iCarsClub has secured $10 million in series A funding. It operates in Singapore under the iCarsClub name, and in mainland China as PPZuche. Clifford Teo, iCarsClub managing director, tells Tech in Asia that the funding comes from Sequoia Capital China, Crystal Stream Capital, Wang Xing (the CEO of daily deals site Meituan), Zhuang Chenchao (CEO of travel booking site Qunar), and Huang Mingming (Future Capital). It’s notable that all those investors are Chinese, but Teo says that the funding will go towards both the Chinese and Singapore services.

3. ZAP | Philippines

Philippines-based consumer rewards startup ZAP has wrapped up US$850,000 in funding from Siemer Ventures, Seawood Capital, existing investor Kickstart Ventures, and other local angels. ZAP’s newest funding round allows for its further expansion in the Philippines and Southeast Asia. It aims to expand into Bangkok, capital of Thailand, and Jakarta, capital of Indonesia, by the first quarter of 2015.

4. Mogujie | China

China’s biggest Pinterest look-alike, Mogujie (literally translated as “Mushroom Street”), has raised a US$200 million round of funding. Goldman Sachs’ Magnolia Fund led the investment followed by Zhixin Capital, Qiming Ventures, IDG, and Banyan Fund. Mogujie stated it will use the money to enhance customer experience, develop its team, and create an open-source community to support its ecosystem.

5. Sova | Singapore

Singapore-based startup Sova has raised about $3 million in seed funding from undisclosed investors. The startup was launched in December 2013 to provide webmasters using WordPress with dedicated cloud hosting services.

6. Bilin | China

Bilin, a Chinese app that lets you call and chat with total strangers in your area, revealed that it has secured $15 million in series A funding from Qiming Venture Partners and Morningside Ventures.