Skip to content

Investments Highlights: Buyandship, Peak3, and Amartha obtain financing; Gensparks, an AI search startup, receives investment from Lanchi Ventures; seven notable deals in China, among other investments made.

Latest news on finances and ventures in the Asia Pacific region.

Deals in summary: Acquisition of funds by Buyandship, Peak3, and Amartha; Lanchi Ventures...
Deals in summary: Acquisition of funds by Buyandship, Peak3, and Amartha; Lanchi Ventures investment in AI search company Gensparks; Seven capital investments in Chinese deals, and more.

Investments Highlights: Buyandship, Peak3, and Amartha obtain financing; Gensparks, an AI search startup, receives investment from Lanchi Ventures; seven notable deals in China, among other investments made.

In the dynamic world of technology, funding is a crucial catalyst for growth and innovation. Here are some recent funding rounds that have taken place in the tech industry, showcasing the investments made in promising startups and companies.

BioGeometry, a pioneer in generative artificial intelligence foundation models for protein design, has completed a new funding round. The investors in this round include The Jiangmen, Zhipu AI, Peakview Capital, and existing shareholder Gaorong Ventures. The capital raised will be used to attract high-level talent, advance IP and pipeline development, and complete clinical validation of its inaugural product.

LeeKr Technology, an intelligent chassis systems provider based in Hangzhou, has secured over RMB 1 billion (USD 138 million) in a Series C funding round. The round was led by EQT, with participation from Alpha JWC Ventures. The funds raised will be used for the R&D of new products, such as fiber optic interferometers, further expanding the company's capabilities in high-precision displacement measurement.

ChainGen Bio (CGB) has also completed a new funding round, exclusively invested by the first phase of Zhangke Hemiao Fund. The exact size of the Series A funding round received by Peak3 could not be determined from the available search results.

In the realm of microfinance fintech platforms, Amartha, based in Jakarta, secured USD 17.5 million in equity investment from the Accion Digital Transformation Fund. This investment will help Amartha expand its platform, providing financial products and services to underserved women-led small businesses in rural Indonesia.

ST Telemedia Global Data Centres (STT GDC) received a USD 1.3 billion investment from a consortium led by KKR and Singtel. The investment includes an initial USD 1.3 billion via redeemable preference shares (RPS) with detachable warrants, with the potential for an additional USD 920 million upon full exercise of the warrants.

Peak3 (formerly known as ZA Tech), a digital and cloud solutions provider for the insurance industry, raised USD 35 million in a Series A funding round. The round was led by Toyota's growth fund Woven Capital, with participation from Meritz Securities, Investwith, Industrial Bank of Korea, the Zer01ne platform under Hyundai Motor Group, Elohim Partners, and New Main Capital. Peak3 plans to use the funds to accelerate its expansion in the EMEA region and invest in complementary data and AI solutions.

Nota AI, a South Korean startup specializing in AI optimization and lightweighting technology, raised USD 19.9 million in a Series C funding round co-led by STIC Ventures and LB Investment.

Guangzhi Technology, a Wuhan-headquartered advanced industrial laser company, completed nearly RMB 100 million in a Series B funding round. HPMicro, a high-performance microcontroller manufacturer, also completed a new funding round, raising nearly RMB 100 million.

In the e-commerce sector, Buyandship, a cross-border e-commerce enabler based in Hong Kong, raised USD 6 million in an extension to its Series B round. The extension brings the total amount raised by Buyandship at Series B level to USD 16 million. The funds will be used to enhance the user journey in product search and purchase, expand into new markets in Southeast Asia, and further automate operations.

Lastly, Zolwise, a Shanghai-based provider of minimally invasive surgical imaging equipment, raised over RMB 100 million (USD 13.8 million) in Series B+ and B++ funding rounds. The investors in this round include Jiangxia Science and Technology Investment Group, Zhuoyue Jinke, and Hengjin Capital.

These funding rounds underscore the ongoing investment in innovative technologies and businesses, signalling a promising future for the tech industry.

Read also: