Investments Announced: Brainfish and Jejakin acquire new funds, expansion of Ai Palette's Series A1 funding round, six funding deals in China, and additional news
In the dynamic world of technology and innovation, several startups have recently secured significant funding to fuel their growth and expand their offerings. Here's a roundup of the latest funding news from around the globe.
Xinlv Pharmaceutical, a Shanghai-based pharmaceutical R&D company, has successfully completed a pre-Series A funding round, raising USD 35 million. The funds will be used to accelerate the company's research and development efforts.
Across the globe in Australia, Brainfish, an artificial intelligence-powered customer support solution provider, raised AUD 3.85 million (USD 2.5 million) in its second funding round. The expansion financing was supported by Peak XV Partners’ Surge, Macdoch Ventures, Black Sheep Capital, Justus Hammer (CEO of MadPaws), and several angel investors from Australia and the USA. Brainfish has grown 65% month-on-month since entering the used car market 12 months ago, and now works with 300,000 users globally, including businesses in Australia, the US, and Singapore.
Jejakin, a carbon management company from Indonesia, reportedly raised USD 2.7 million in seed funding. The company's mission is to combat climate change by providing innovative solutions for carbon management.
Ai Palette, a Singapore-headquartered technology startup specializing in AI and machine learning for consumer packaged goods (CPG) companies, announced the extension of its Series A1 funding round, bagging USD 500,000 from Orzon Ventures. The funds will be used to further develop Ai Palette's AI and machine learning capabilities.
Happynest, a Vietnam-based housing and lifestyle community platform, secured USD 720,000 in a seed funding round. The platform aims to create a vibrant and supportive community for its users.
In Hong Kong, Fano Labs, a company specializing in language AI technologies, completed its Series B funding round, though the amount raised was not disclosed. The funds will be used to scale up the company's operations and expand its product offerings.
Transfer Technology, a Beijing-based developer of 3D machine vision systems, secured an eight-figure RMB sum in a Series B funding round. The funds will be used to accelerate the development of Transfer Technology's groundbreaking 3D machine vision technology.
Edukita, an Indonesian edtech startup, raised seed funding from Star Capital Investments and W Ventures. The funds will be used to improve Edukita's educational platform and expand its reach.
In the realm of carbon management, Jejakin aims to combat climate change by providing innovative solutions for carbon management. The company, based in Indonesia, reportedly raised USD 2.7 million in seed funding.
Gate-sea Microelectronics Technology, a Suzhou-based technology enterprise, completed a nine-figure RMB sum Series C funding round. The exact amount raised was not disclosed, but the funds will be used to accelerate the company's research and development efforts.
Lastly, Bingxiaoka, a Shanghai-based coffee chain brand, secured an undisclosed amount of funding from undisclosed sources. The funds will be used to expand the brand's presence and improve its offerings.
This influx of funding will undoubtedly propel these startups forward, enabling them to innovate, grow, and make a significant impact in their respective industries.
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