Seed round completed by Protos Labs, China Mobile funds Honor, Laiqa Wellness secures INR 150 million, and further financing details

In the bustling world of tech startups, several companies have recently secured funding and made significant moves to expand their operations and services. Here's a roundup of the latest developments:

Protos Labs Raises Funding in Singapore

Singapore-based cyber risk management startup, Protos Labs, has secured SGD 3 million (USD 2.3 million) in an oversubscribed seed funding round. The investment came from a diverse group of investors, including A2D Ventures, Beenext, VinaCapital, Artem Ventures, Plug and Play Silicon Valley, Investible, Gan Konsulindo, 1337 Ventures, Gobi Partners, Antler, Quest Ventures, and WE Ventures. Protos Labs aims to use the funding to accelerate regional expansion and double down on product development. The company offers a cybersecurity platform designed to help businesses and insurers mitigate and accurately price cyber risks. Its sister company, Protos Cover, offers cyber insurance to businesses in Singapore.

Honor Prepares for IPO with Help from China Mobile

Honor, the smartphone brand spun off from Huawei, is getting ready for its IPO with help from China Mobile's parent company. The amount of Honor's investment from China Mobile hasn't been disclosed, but the deal signals strategic value for both parties.

Laiqa Wellness Secures Seed Funding

Laiqa Wellness, a Gurgaon-based female tech startup, secured INR 150 million (USD 1.8 million) in seed funding from IvyCap Ventures. The startup is pioneering a new approach to women's wellness by addressing hormonal imbalances through personalized care that syncs with each woman's menstrual cycle. Laiqa Wellness plans to use the funding to expand its tech-based hormonal health solutions.

SurplusLoop Raises Pre-Seed Funding

Malaysian startup SurplusLoop, specializing in surplus asset management for asset-heavy industries, raised USD 110,000 in pre-seed funding from Antler.

Melbourne Capital Group Acquires Wealth Management Firm

Melbourne Capital Group (MCG) has acquired a wealth management firm in Malaysia, formerly known as Blueprint Planning. The acquisition includes Blueprint Planning's capital markets service license (CMSL), allowing MCG to offer a broader range of financial planning services to Malaysian clients.

BrightChamps Acquires Schola

BrightChamps, an edtech company, acquired and rebranded Vietnam's leading English communications platform, Schola, as BrightChamps Vietnam. The move aims to strengthen BrightChamps' position in the Vietnamese market.

EngineAI Secures Funding for Humanoid Robot Development

Startup EngineAI, focused on the development of humanoid robots, secured nearly RMB 100 million (USD 14 million) across two angel funding rounds. The funds will be used to further develop its humanoid robots.