Funding Announcements: Homa2u receives extra pre-Series A funding from Asia Fund X, Robo Co-op gathers USD 700,000 for refugee assistance initiatives, a series of China-based deals, and more noteworthy events
In the dynamic world of tech startups, investments continue to flow across Asia, driving innovation and growth. Here's a snapshot of some recent funding activities:
Homa2u Secures Funding for Carbon Reduction Initiatives
Tech startup Homa2u, based in Singapore, has secured additional funds in its pre-Series A round. The investment, totaling USD 1.5 million, comes from Asia Fund X (AFX) and other undisclosed investors. Homa2u aims to utilize these funds for carbon reduction tracking initiatives and expansion into Taiwan and Japan.
Homa2u Repurposes Overstock Inventories and Targets Carbon Savings
Homa2u, with existing investors including Quest Ventures Asia Fund II, Worldwide Management Solutions, and Qhazanah Sabah Berhad, has repurposed over MYR 20 million (USD 4.2 million) worth of overstock inventories to more than 8,000 homes. The company targets saving 7.5 million kilograms of carbon by the end of 2024.
Virtual IT Group (VITG) Partners with The Riverside Company
Singapore-based VITG has signed a definitive agreement with The Riverside Company for an undisclosed investment. The partnership aims to bolster VITG's platform and accelerate growth through organic means and mergers and acquisitions, leveraging Riverside's global network and expertise.
Notti Pet Food Raises Seed Funding
Malaysian pet food brand Notti Pet Food has secured MYR 2.4 million (approximately USD 540,000) in a seed funding round from 500 Global and First Move. The funds will be used for product development and market promotion.
Cramer Techs Secures New Funding
Cramer Techs, a sensor fusion technology company, has completed a new funding round with investments from Haojun Investment and various leading companies. The investment will help Cramer Techs deepen its industrial network, optimize its software and hardware solutions, and expand into overseas markets.
Robo Co-op Empowering Refugees through Digital Learning
Robo Co-op, a social enterprise focused on empowering refugees through digital learning, has raised USD 700,000 from Ritsumeikan University's Social Impact Fund (RSIF). The funds will support Robo Co-op's mission to provide quality education to refugees worldwide.
Xingkeyuan Raises Funds for High-Performance Lithium-Silicon Carbon Anode Materials
Xingkeyuan, a Hangzhou-registered supplier of high-performance lithium-silicon carbon anode materials, has completed its angel and seed funding rounds, raising over RMB 50 million (USD 6.8 million). Investors include SAIF Partners, GSR Ventures, and others.
Ayudante Acquires Sparkline to Expand in Digital Marketing
Japan-based Ayudante, a digital marketing and measurement company, has acquired Singapore-based Sparkline. The partnership aims to leverage Ayudante's expertise in digital marketing and Sparkline's strong presence in the region to expand their combined offerings.
Lanwan Capital Continues Support for Cramer Techs
Lanwan Capital has continued its support in the funding round for Cramer Techs. The investment will help Cramer Techs deepen its industrial network, optimize its software and hardware solutions, and expand into overseas markets.
Quidich Innovation Labs Secures Series A Funding
India-based sports broadcasting solutions provider Quidich Innovation Labs has raised an undisclosed amount in a Series A funding round led by Centre Court Capital. The funds will be used for product development and market expansion.
Zhongaiyun Raises Funds for Big Data Diagnostic Platform
Zhongaiyun, a big data diagnostic platform for traditional Chinese medicine, has raised a seven-figure RMB sum in an angel funding round. The investors include HongShan, K2VC, KylinHall Partners, Shuimu Tsinghua Alumni Seed Fund, Six Sigma Capital, and angel investors with Six Sigma Capital serving as the long-term exclusive financial advisor.
The Riverside Company - A Global Mid-Market Private Equity Firm
The Riverside Company is a global mid-market private equity firm with offices in North America, Europe, and Asia. The firm focuses on acquiring and growing businesses in the manufacturing, distribution, and service industries.
AFX - Backed by MSW Ventures and Pavilion Capital
AFX, an investor in Homa2u, is backed by MSW Ventures and Pavilion Capital. MSW Ventures is a venture capital firm based in Singapore, while Pavilion Capital is a Singapore-based private equity firm with a global footprint.
These investments highlight the vibrant startup ecosystem in Asia, with tech companies across various sectors securing funding to fuel their growth and innovation.
