Acquisitions and Investments in Brief: BrightChamps buys Schola to boost operations in Vietnam, Antler funds SurplusLoop, six business deals in China, and additional investments.
In the realm of technology and finance, there's been a flurry of activity recently. Here's a rundown of some significant developments:
ET Microelectronics Secures Funding
ET Microelectronics, a developer of system-on-a-chip (SoC) products, has secured new funding from Juxin Development. This investment is set to propel the company's growth in the microelectronics industry.
EngineAI Founded by Zhang Wei
In China, EngineAI, a company specializing in humanoid robot development, was established in October 2023 by Zhang Wei. The company has already secured funding in two angel rounds, amassing nearly USD 14 million.
SanHerb Biotech Completes Angel Round
SanHerb Biotech, a provider of natural plant-based ingredients, has successfully completed its angel round of financing, led by Ronghan Fund. This funding will support the company's mission to provide sustainable and high-quality ingredients.
Dat Bike Receives Convertible Loan
Vietnamese electric motorbike maker Dat Bike has received a USD 4 million convertible loan from InfraCo Asia. This investment will help accelerate the company's growth in the electric vehicle market.
SurplusLoop Raises Pre-Seed Funding
SurplusLoop, a Malaysian startup focused on surplus asset management, has raised USD 110,000 in pre-seed funding from Antler. The company uses predictive analytics and machine learning to address challenges in liquidating surplus assets.
IntelliCube Secures Pre-Series A+ Funding
IntelliCube, a Chengdu-based company developing radiofrequency and microwave systems, has raised close to USD 1.4 million in a pre-Series A+ funding round. This investment will support the company's research and development efforts.
Dreame Technology Launches Empyrean Venture
Dreame Technology, a leading player in the smart home appliances market, has launched Empyrean Venture, its new corporate venture capital (CVC) arm. The goal is to invest in promising startups across various industries.
Neurogin Secures Pre-Series A Funding
Neurogin, a Chengdu-based company specializing in neuroscience, has secured tens of millions of RMB in a pre-Series A funding round. This investment will help the company advance its research in neuroscience and neurotechnology.
Hatcher+ and Mandalay Venture Partners Collaborate
Singapore-based Hatcher+ and Australia's Mandalay Venture Partners have formed a partnership to support startups transforming the agritech and food industries. The collaboration aims to foster innovation across the food supply chain.
BrightChamps Vietnam Acquires Schola
BrightChamps, an edtech company, has acquired Vietnam's leading English communications platform, Schola, and rebranded it as BrightChamps Vietnam. The investment will support the expansion of BrightChamps Vietnam from four centers in Ho Chi Minh City to 20 offline hubs across Hanoi and Ho Chi Minh City by May 2026.
Function Raises Financing
Marine biotechnology firm Function has raised USD 10.5 million in a financing round. The funds will be used to support the company's research and development efforts.
SeaTown Holdings International Raises Funds
SeaTown Holdings International has pulled in USD 1.3 billion for its second private credit fund. This significant investment will support the company's growth in the private credit market.
BrightChamps Vietnam Plans Expansion
BrightChamps plans to invest approximately USD 10 million in Vietnam over the next two years. The goal is to integrate future-ready skills into Vietnam's educational system and offer scholarships to deserving students.
