Another week, another unicorn

Every day, 100k+ smart people read our newsletter. You can sign up here.

---

Hello readers,

PatSnap’s series E funding round made headlines this week, as the US$300 million capital injection landed the Singapore-based startup a spot in the unicorn club.

Tech in Asia has been following PatSnap since the firm raised its series A more than a decade ago. Reading about the challenges its founders faced along the way made me especially happy to see them attain yet another milestone in their entrepreneurial journey.

I love hearing about the ups and downs of starting up, and I hope we see more stories like PatSnap’s in the near future, as the hard work that founders have put into their endeavors over the years starts paying off.

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.

---

BIGGEST DEALS BY COUNTRY

🇨🇳 JD Development: The property arm of Chinese ecommerce firm JD.com raised a US$700 million series A round from Hillhouse Capital and Warburg Pincus.

🇸🇬 PatSnap: The Singapore-based innovation intelligence startup scored US$300 million in series E money from CPE Industrial Fund, Sequoia Capital, Shunwei China Internet Fund, SoftBank Vision Fund, Tencent Investment, Vertex Growth Fund, and Vertex Ventures.

🇮🇱 Wiz: The Israeli cloud visibility solution provider bagged US$130 million from undisclosed investors in its series B funding round.

🇰🇷 Musinsa: The South Korea-based online fashion retailer got US$104 million worth of late-stage funding from IMM Investment Corp. and Sequoia Capital.

🇯🇵 CureApp: The Japan-headquartered healthtech startup raised US$19.24 million from ANRI in a series D funding round.

---

---

---

So you think you know Grab?

---

Lists of most active investors in the region

List of top-funded startups in Asia

---

---