Asia

Australia’s Airwallex raises additional $100M in Series E1 led by Lone Pine Capital, valuation reaches $5.5B

The funding comes just a month after Airwallex announced an oversubscribed Series E round as the company looks to accelerate its global expansion plans. This latest round takes Airwallex’s total Series E fundraising to $300 million, with $802 million raised in total.

Australian e-bike player Zoomo raises $60M Series B funding to lead commercial e-bike industry

Zoomo has raised $60 million in Series B funding led by Grok Ventures. It will use the funds to expand its operations into new cities and countries, deepen software integration with its customers, and finalize development of the firm’s next-generation vehicles.

Kazakhstan car aftersales platform raises $700,000 funding led by Singapore’s Quest Ventures

CTOgram has raised $700,000 funding led by Quest Ventures. The investment will speed up the adoption of CTOgram across the region and thereby provide extensive support to drivers everywhere.

Japan’s Olympus Corporation launches $50M venture capital fund to strengthen MedTech leadership

Olympus Corporation has announced the establishment of Olympus Innovation Ventures to invest in pioneering startups with innovative technologies that improve clinical outcomes, reduce healthcare costs and enhance the quality of life for patients.

Hong Kong’s Animoca Brands and South Korea’s Cube Entertainment form joint venture for K-pop music metaverse and NFTs

Animoca Brands and Cube Entertainment (Cube Ent) announced a joint venture for the purposes of building a music metaverse, and issue non-fungible tokens (NFTs) and ecosystem tokens based on the intellectual property rights of Cube Ent’s globally popular K-pop music artists and actors.

Taiwan data governance startup FST Network raises $2.9M in Seed funding round

FST Network aims to deliver a comprehensive set of tools for data governance, management, and lineage, and this investment will be used to accelerate the company’s rapid growth, enhance product development and expand sales and marketing efforts.

Microsoft partners She Loves Tech to unlock $1B in capital for women entrepreneurs in Asia

Microsoft Asia has partnered with She Loves Tech to unlock $1 billion in capital for women-led businesses by 2030. The partnership will see Microsoft support an Azure-powered digital platform to facilitate connections at scale between women entrepreneurs, venture capitalists and angel investors from around the world.

India health & wellness startup Mosaic Wellness raises $24M in Series A led by Sequoia Capital India

Mosaic was founded in 2020 with the vision of delivering consumer-centric, vertically integrated, and affordable digital healthcare platforms, which led to the birth of Manmatters in May 2020 and Bodywise in May 2021, which are focused on curated services and products for Men’s health and Women’s Health respectively.

India home furniture startup Wakefit.co raises $27 M Series C led by SIG

The funding will bolster Wakefit.co's omnichannel expansion plans and will be deployed to boost its supply chain and logistics management, technological enhancement, and marketing spend. It also aims to hire people across all levels in the months to come.

Tokai Tokyo Financial partners Singapore’s ADDX to offer private market investment products in Japan

Tokai Tokyo Financial Holdings and ADDX has announced a new partnership to offer fractional private market investment products to investors in Japan, after Tokai Tokyo secured a security tokens license from the Japanese regulator.