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Sometimes, I like to poke a little fun at how startups are named. A common approach is to choose a familiar term then replace one of the vowels with a letter that doesn’t change how the word is typically pronounced. That’s how we end up with names like Ryde instead of Ride or Lyft rather than Lift.
Once in a while, though, you get a firm like Terminus – our top-funded startup for this week – that bucks this trend.
It sounds a little bit like a name from Transformers, doesn’t it? (I wonder if Terminus and Optimus Prime are brothers.) But Google tells me that Terminus refers to a Roman god who protected boundary markers. All things considered, the name sounds pretty cool to me.
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 country
🇨🇳 Terminus is a Chinese startup that provides smart city solutions. It raised US$276 million in series D money from investors including AL Capital, China Everbright Group, and Futian Investment.
🇮🇳 India-based iBus Networks, which offers internet infrastructure solutions, has secured US$200 million through a strategic investment from the National Investment and Infrastructure Fund of India.
🇻🇳 Bach Hoa Xanh is a Vietnamese ecommerce firm that scored US$72 million from CDH Investments.
🇸🇬 Singaporean hospitality firm RedDoorz has banked US$28 million in a series C round from Asia Partners, Jungle Ventures, Mirae Asset-Naver Asia Growth Fund, and SIG Venture Capital.
M&As
Startups that are raising funds
Behind the Glasswall
Founders Meetup is coming to Vietnam as part of the official closing party of Saigon Summit
Exclusive listicles
Thoughtful reads
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