Asia
Dubai’s Tumodo raises $35M in pre-seed funding to boost business travel in MENA region
Tumodo, a Dubai-based business travel platform, announced Thursday it has successfully raised $35 million in a pre-seed round co-led by the Middle East and North Africa (MENA)-focused angel investors. This funding will fuel the company's presence in the United Arab Emirates (UAE) market, further product development, and new partnership opportunities in the…
Australia’s Element Zero raises $10M in seed funding led by Playground Global
Element Zero, an Australia-based green materials platform company, announced Wednesday that it has raised $10 million in seed funding led by Playground Global. The firm will use the funding to grow research and development (R&D), engineering, and project development teams and scale the development of a pilot iron plant.
Australia’s Prota Therapeutics secures $21M in financing led by SPRIM Global Investments
Prota Therapeutics Pty Ltd (Prota), an Australian biotechnology company focused on the development of novel oral immunotherapy treatments that induce remission of allergy, has on Tuesday announced financing of $21 million in equity and debt financing. The round is led by Singapore-based SPRIM Global Investments (SGI).
Hong Kong’s HashKey raises nearly $100M in Series A financing round to accelerate product diversification
HashKey Group (HashKey), an end-to-end digital asset financial services group based in Hong Kong, has announced the completion of a Series A financing round of nearly $100 million at a pre-money valuation above $1.2 billion.
South Korea maps out $470B plan to build chipmaking hub – report
The government on Monday outlined a blueprint involving investment of 622 trillion won from the private sector in the years leading up to 2047.
India’s Upekkha launches $40M fund with lead investment from WestBridge Capital
Upekkha, an India-based software as a service (SaaS) fund and accelerator, announced Thursday that it has completed the first close ($15 million) of its $40 million Upekkha fund. The funding is led by WestBridge Capital.
Gruhas joins hands with Collective Artists Network to create consumer fund
India-focused venture capital fund Gruhas has joined hands with new age media leader Collective Artists Network to create the Gruhas Collective Consumer Fund an initial investment fund of 150 Crore rupees ($18.29 million), dedicated to fostering innovative consumer brands.
India’s Grip Invest secures $10M in Series B funding led by Stride Ventures
Grip Invest, a direct to consumer (D2C) investment platform for retail investors, has raised $10 million in a Series B funding. The round consisted of $8.5 million via fresh equity and convertible note as well as $1.5 million in venture debt.
India’s Paytm parent firm to invest $12M in GIFT City to build global financial ecosystem
One97 Communications Limited (OCL) that owns the brand Paytm, has on Wednesday announced an investment of Rs 100 crore ($12 million) in Gujarat International Finance Tec-City (GIFT City) to build a global financial ecosystem in Gandhinagar in India.
