Funding announcements: Peptobiotics secures USD 6.2 million, Meaningful Partners backs Allies of Skin, nine investment deals in China and India, and more detailed disclosures
Headline: Multiple Companies Secure Prime Funding for Various Sectors
In a flurry of recent funding rounds, several companies from different industries have secured significant investments to fuel their growth and development.
Biotechnology and Pharmaceuticals
D3 Bio, a biotech company specializing in cancer drug development, raised USD 62 million in its Series A+ financing round. The round was led by Medicxi, with participation from Matrix Partners China and WuXi AppTec’s Corporate Venture Fund. This funding will propel D3 Bio towards its mission of revolutionizing cancer treatment.
Meanwhile, Peptobiotics, a Singapore-based agritech startup, raised USD 6.2 million in an oversubscribed Series A funding round. Peptobiotics plans to commercialize its antimicrobial peptide technology to replace the use of antibiotics in agriculture, promoting sustainable production in the aquaculture industry.
Technology and AI
Terminus Group, a corporate provider of artificial intelligence-of-things (AIoT) solutions, completed a RMB 2 billion (USD 276.4 million) Series D funding round. The funding will support Terminus Group’s continued growth and innovation in the AIoT sector.
Hisingy, a developer of recreational drones, announced the completion of an extended angel funding round. The exact amount of the funding was not disclosed.
E-commerce and Pharmacy
PlatinumRx, a Bengaluru-based online pharmacy platform, raised USD 800,000 in a seed funding round from IndiaQuotient and undisclosed angel investors. This investment will bolster PlatinumRx’s efforts to expand its services and improve access to healthcare for its customers.
AI Applications and Precision Coating
Cloudpeng Technology, a Jinhua-based developer of commercial AI applications, bagged an eight-figure RMB sum in a Series A funding round from Asia Investment Capital (AIC). Precision Systems, a Shanghai-registered company specializing in precision coating systems and solutions, completed a Series A funding round, securing an eight-figure RMB sum.
Startup Investments
Meaningful Partners has announced a USD 20 million investment in Allies of Skin (AOS), a Singapore-based skincare brand. The investment will support AOS’s expansion into the US across digital and retail channels.
RedDoorz, a Singapore-based budget hotel network, secured USD 28.2 million from Asia Partners, Jungle Ventures, the Mirae Asset-Naver Asia Growth Fund, and SIG Venture Capital, among other investors.
XF Technology, a Chengdu-headquartered supplier of artificial intelligence infrastructure, secured RMB 100 million (USD 13.8 million) in a pre-Series A funding round.
Mergers and Acquisitions
Sae-A Trading, a South Korea-based garment manufacturer, has agreed to acquire Tegra's operating entities in the US, El Salvador, and Honduras.
Aquaculture and Agriculture
Peptobiotics' first product is specifically targeted towards aquaculture. The funding will help Peptobiotics promote sustainable production in the aquaculture industry. Peptobiotics plans to commercialize its antimicrobial peptide technology to replace the use of antibiotics in agriculture.
In a separate development, the company 'Maimai Technology' closed a Pre-Series A financing round of over 100 million yuan (an eight-figure sum in Chinese yuan, roughly equivalent to millions of US dollars) in the recent quarter in China. The details of the company's focus and plans with the new funding were not disclosed.
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