Funding Announcements and IPOs: The Sandbox Secures USD 20 Million, Astroscale Completes Tokyo Stock Market Debut, and Five Chinese Deals
In the rapidly evolving tech landscape, several startups have recently secured significant funding to fuel their growth and innovation. Here's a roundup of some notable funding rounds from around the world.
South Korea and Japan Focused AI Platform Wrtn Technologies Raises KRW 25 Billion
Wrtn Technologies, a South Korean artificial intelligence tech startup founded in 2021, has successfully raised KRW 25 billion (USD 18.1 million) in a pre-Series B funding round. The company is dedicated to creating an AI platform for users in South Korea and Japan.
Space Tech Company Tianbing Technology Secures RMB 1.5 Billion in Series C+ Round
Tianbing Technology, a Beijing-registered space tech company, has secured over RMB 1.5 billion (USD 206.9 million) in a Series C+ funding round. The company's focus remains on space technology development.
New Energy Technology Company Hannstar New Energy Raises RMB 130 Million
Hannstar New Energy, a new energy technology company, has raised RMB 130 million (USD 17.9 million) in a pre-Series A funding round. The company's mission is to contribute to the global shift towards renewable energy.
Wide-Bandgap Semiconductor Specialist Eta-Semitech Secures Series A Funding
Eta-Semitech, a company specializing in wide-bandgap semiconductors, has raised an eight-figure RMB sum in Series A funding. This funding will support the company's continued research and development in the semiconductor industry.
Singapore-Based Botsync Completes Series A Funding Round
Botsync, a Singapore-based developer of integrated automation solutions, has completed a USD 5.2 million Series A funding round. The funds will be used to accelerate the company's growth and expand its offerings.
Green Logistics Startup Mober Secures PHP 350 Million from SEACEF II Fund
Mober, a green logistics startup operating in the Philippines, has secured PHP 350 million (USD 6 million) from Clime Capital's South East Asia Clean Energy Facility II (SEACEF II) fund. This investment will support Mober's mission to make logistics more sustainable.
Noteholders Can Convert Notes into Equity of Bacasable Global
In a unique move, noteholders can convert their notes into equity of Bacasable Global, a subsidiary of The Sandbox. This conversion provides noteholders with an opportunity to invest directly in The Sandbox.
Fintech Company International Payment Identity Raises USD 5.3 Million
International Payment Identity (iPiD), a Singapore-based fintech company, has raised USD 5.3 million in an oversubscribed pre-Series A funding round. The funds will be used to expand iPiD's services and accelerate its growth.
The Sandbox Raises USD 20 Million in Funding Round
The Sandbox, a user-generated content (UGC) metaverse platform, has raised USD 20 million. The funding round was jointly led by Kingsway Capital and Animoca Brands. The funds will be used to update The Sandbox's tools, introduce new social interactions, expand gameplay, and develop a mobile version of its decentralized metaverse.
The Sandbox Valuation Cap Set at USD 1 Billion
In addition to the funding round, The Sandbox's valuation cap has been set at USD 1 billion. This significant valuation reflects the growing potential of The Sandbox in the metaverse space.
The Sandbox Funding Round Includes Participation from LG Tech Ventures and True Global Ventures
The Sandbox's funding round also includes participation from LG Tech Ventures and True Global Ventures, further validating the company's potential in the metaverse industry.
Astroscale Aims to Raise USD 153 Million through IPO
Astroscale, a Japan-headquartered space tech company, is aiming to raise USD 153 million through its IPO on the Tokyo Stock Exchange's Growth Market. The proceeds will primarily be used for project development and R&D, with a view toward expansion into Southeast Asia and the Middle East.
Whale Dynamic Completes Series A Funding Round, Raising Tens of Millions of RMB
Whale Dynamic, an autonomous driving solutions provider, has completed its Series A funding round, raising tens of millions of RMB. The funds will support the company's continued development and expansion in the autonomous driving sector.
Lindmik Pharmaceutical Secures Nearly RMB 100 Million in Funding Round
Lindmik Pharmaceutical, a biomedical company, has secured nearly RMB 100 million (USD 13.8 million) in a funding round. The funds will be used to support the company's research and development efforts in the pharmaceutical industry.
LandingAI Secures Undisclosed Amount of Investment from Pure Storage
LandingAI, a visual AI company, has secured an undisclosed amount of investment from Pure Storage. The investment will support LandingAI's ongoing research and development in the field of visual AI. Notably, Thomas Kurian's Google Ventures invested unpublished funds from Pure Storage to finance LandingAI.
This funding roundup showcases the vibrant and dynamic tech startup ecosystem, with companies in various sectors securing significant investments to fuel their growth and innovation. These investments underscore the global interest in supporting cutting-edge technologies and the potential they hold for the future.
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