Singapore surgical robotics firm NDR raises S$8m in Series A round

SURGICAL robotics startup NDR Medical Technology has raised S$8 million in a Series A funding round led by MicroPort Scientific, a Chinese medical device developer and manufacturer, NDR said on Monday. Other investors in the round include existing investor SGInnovate, a government-owned deep-tech investor, and new investor Kava Ventures, a venture partnership founded by owners of medical tech distributor Transmedic.…

Yumlane gets fresh funding after pivoting from food startup to cloud kitchen

Mumbai-based QwikPik Technology Pvt. Ltd, which operates cloud kitchen platform Yumlane, said on Monday it has raised $1 million (Rs 7.52 crore at current exchange rates) in a new funding round. The round was led by Singapore-based Jetty Ventures, Yumlane said in a statement. It will use the capital to move into new regions and ramp up hiring. Yumlane was…

Karana closes $2.37m seed funding

Asia’s first whole-plant-based meat brand Karana has closed its $2.37m (US$1.7m) seed round funding, according to an announcement. Karana has raised capital from some of the region’s leading industry experts, including Henry Soesanto, CEO of Monde Nissin Corp, Temasek and Tyson Foods-backed fund Big Idea Ventures, Japanese and Singaporean fund Germi8, and a leading Asia-based FMCG distributor. A number of…

Zolo Raises $56 Million for Co-Living: Travel Startup Funding This Week

ZoloStays Property Solutions, a tech-enabled a co-living startup, has raised about $56 million in a Series C round of funding. Investcorp led the round. Nexus Venture Partners, Mirae Asset, and Trifecta Capital also participated. The startup, based in Bengaluru, India, has raised about $90 million to date. Zolo offers shared and private rooms for rent at more than 450 properties…

Singapore plant-based meat startup Karana closes US$1.7m seed funding

KARANA, which is set to launch "pork" made from organic jackfruit this year, has closed its seed funding round with US$1.7 million, the Singapore-based startup announced on Thursday. Investors include chief executive officer of Monde Nissin Corp, Henry Soesanto, who acquired Quorn Foods for US$831 million in 2015; Big Idea Ventures, a Temasek and Tyson Foods-backed fund dedicated to plant-based…

AMTD Digital Continues Acquisition Spree in Singapore with FOMO Pay

AMTD Digital, the integrated digital solutions platform of AMTD Group, announced that it will acquire a controlling stake in FOMO Pay, a QR payments provider, via its “Fusion-in” programme, which involves using a combination of share swap and cash for investment. The acquisition is subject to the Monetary Authority of Singapore’s (MAS) approval. FOMO Pay is a well known Singaporean…

Singapore-based robotics startup Botsync secures seed-funding from lead investors

Singapore-based robotics startup Botsync secures seed-funding from lead investors

Singapore-based robotics startup Botsync has secured seed-funding from lead investors Wong Fong Industries Ltd., SEEDS Capital, Angelhub and Artesian Venture Partners for an undisclosed amount. The funding will enable them to accelerate product development, build new technology teams and scale up production of their heavy-duty autonomous mobile robot solutions, to support the logistics and manufacturing sector. Four Indian graduates from…

Qashier bags S$1.2m in seed funding round led by Cocoon Capital, Hardware Club

QASHIER, a smart point-of-sale (POS) terminal provider, has bagged S$1.2 million in a seed funding round led by Singapore-based venture capital (VC) firm Cocoon Capital and Hardware Club - a San Francisco-based VC firm. The startup will use the funds to expand further into South-east Asia, grow its team, and invest more in product development, it announced on Thursday. Qashier…

Singapore ‘hyperlocal’ AI startup snags $7M in Series A

Eustan Ventures

Singapore-based NextBillion.ai has snagged $7 million in its Series A round and plans to use the funds to expand its team and boost product and research development. The months-old startup aims to build artificial intelligence-powered applications that cut across various technology segments, including natural language processing, facial recognition, and cybersecurity. Its latest funding round was led by US VCs Lightspeed…

Singapore to invest $36m in maritime technology startups

Maritime technology startups are set to benefit from a SGD50m ($36m) fund via SEEDS Capital, the investment arm of Enterprise Singapore, and six co-investment partners.Supported by ESG and the Maritime and Port Authority of Singapore (MPA), this latest initiative by SEEDS Capital aims to drive the growth of the maritime sector through technology and innovation. The six partners are Innoport…

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