Asia

Kyoto Fusioneering (KF), a Japan-based fusion-power engineering company, has successfully raised 10.5 billion yen ($79 million) in an oversubscribed Series C funding round. Led by existing investor, JIC Venture Growth Investments ., the round welcomed a total of 17 investors.

StepChange, a top-tier corporate sustainability platform based in India, has secured over $4 million in seed funding led by BEENEXT and Global Founders Capital.

Apax Partners LLP (Apax) announced Monday that it has reached a definitive agreement to invest approximately $450 mullion to acquire a significant minority stake in IBS Software, an Indian provider of modern Software-as-a-Service (SaaS) solutions to the global travel and logistics industry, from United States-based fund Blackstone.

Animoca Brands, the Hong Kong-based gaming firm, has on Monday announced that it has committed to contribute to the Global Educators Fund, a $10 million grant fund set up by Open Campus Protocol (Open Campus) to supplement standard education curricula through the use of Web3 technologies and communities.

Ripplr, an India-based tech distribution and logistics platform, has announced that it has raised $40 million in a Series B round from new and existing Investors. The round was led by Fireside Ventures.

Wibmo, a subsidiary of PayU, has partnered with MobilityOne, a Malaysia-based payment firm, to support the issuance of Mastercard prepaid cards through its prepaid platform Wibmo Hexa. The duo are set to foray into the Malaysian prepaid card market and offer various prepaid programs catering to consumer, corporate, government and the health sector.

Hong Kong-based gaming firm Animoca Brands has announced a licensing partnership with ALTAVA Group, a Singapore-based luxury fashion brand that brings culture-defining brands into the metaverse, to make use of the Bored Ape Yacht Club (BAYC) non-fungible tokens (NFTs) in Animoca Brands’ portfolio.

Actis, a United Kingdom-based global investor in sustainable infrastructure, has launched Nozomi Energy, a new $500 million Japan-focused renewables platform. Nozomi will target 1.1GW of onshore wind and solar power generation by 2027.

Foodland Ventures, the VC & Accelerator built for AgriFood Tech founders, has officially kicked off its third accelerator cohort intake.

The three-day expo will focus on showcasing and discussing technologies related to consumer technology, healthcare, and sustainability.