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.…

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…

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 Launches Framework to Attract Investment Funds

The new corporate structure can be used for a wide range of investment funds and provides fund managers greater operational flexibility and cost savings. Singapore is courting more funds to base themselves in the city-state with the launch of a new framework that caters to the needs of global investment funds and investors, and a grant scheme to encourage industry…

Malaysia’s P2P total financing to reach RM1b in 2020

DOMESTIC peer-to-peer (P2P) financing industry is expected to exceed RM1 billion in 2020, said the Funding Societies Malaysia. Co-founder and CEO Wong Kah Meng (picture) said with the total financing for the industry standing at RM521 million last year, 2020 poised to record more growth. “As the Malaysian government seeks to boost micro, small and medium enterprises’ (MSMEs) GDP contribution…

Haus, the real estate startup founded by Garrett Camp, raises $7.1M

Haus, a startup aiming to make home ownership more affordable and flexible, is announcing that it has raised $7.1 million in new funding. This amount combines a $4.1 million seed equity investment led by Montage Ventures and $3 million in debt, which will help finance Haus’ new co-investment model. Haus was created by Uber co-founder Garrett Camp as part of…

8 startups that are using emerging technologies to make life easier for others in real world

Digital Dossier has identified startups that are using advanced technologies including AI and machine learning to provide a gamut of solutions in diverse areas Headquartered in Atlanta and with operations in the UAE and India, Facilio provides firms with operations and maintenance (O&M) solutions. Founded by Prabhu Ramachandran, Yogendra Babu, Krishnamoorthi Rangasamy and Rajavel Subramanian, the firm uses Internet of…

WI Startup Funding Hit Record in 2018 as VCs Cut Bigger Checks

A record $300 million was invested in Wisconsin ventures last year, as maturing businesses pulled in larger funding rounds. But a continued decrease in the number of firms raising their first outside capital could signal trouble for the state’s pipeline of budding startups. Those are some of the key takeaways from the latest Wisconsin Portfolio, an annual report produced by…

Indian startups raise a record $3.9 billion so far in 2019

Deal-making has also broadened, across companies and sectors, moving away from a few large companies such as Ola, Paytm and Flipkart The data defines venture capital investments as seed, or very early investments, to Series F deals in companies Startups in India have raised a record $3.9 billion from venture capitalists in the six months ended 30 June, as the…

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