What’s a million between a couple of hundred-million deals?

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Hello reader,

During one Sports Day in primary school, I participated in a “novelty race.” Basically, this was an event that also used props as part of the race; for example, you had to balance a beanbag on your head as you ran.

Anyway, I was on course to finish second, but because I decided to hop and stop on the finish line instead of running right through, I was judged to have finished third (the person behind me ran through). It didn’t really bother me at the time, but in hindsight, that was a bit of a waste, wasn’t it?

I bring this up because just a mere US$1 million separates the top two funded firms in today’s newsletter. I expect they don’t actually care, especially since they closed big-money deals – this is really just me taking the opportunity to reminisce about my childhood a little bit.

Anyway, 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 market

🇸🇬 Capillary Technologies is a Singaporean firm that develops AI-powered, digital technologies and retail customer relationship management solutions. It secured US$140 million in series D funding from 57 Stars, Avataar Ventures, and Filter Capital, among others.

🇨🇳 Based in China, Unitree Robotics is a robot developer. It closed a US$139 million series B funding round, with investors including the likes of China Internet Investment Fund, Dunhong Capital, and GoldStone Investment.

🇮🇳 Indian logistics startup Shadowfax, which offers last-mile delivery solutions focused on online-first brands, has secured US$100 million in series E funding. TPG NewQuest led the round, while ecommerce giant Flipkart also participated.

🇰🇷 Flexcil, the South Korean company that developed a note-taking and PDF reader app, has received US$37.5 million in early-stage funding from Crescendo Equity Partners.

🇮🇩 Sun Energy is a solar project developer in Indonesia. It got US$32 million in debt financing from Bank Permata.

Here’s the complete list of this week’s funding chart: 68 deals worth over US$840 million.

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