Investible, a Melbourne-based startup that tackles food waste by redistributing surplus food, has raised AUD 2 million ($1.31 million) in a seed funding round led by Investible’s Climate Tech Fund. The funding will enable Yume to expand its operations in Australia and enhance its technology in preparation for international expansion. Yume aims to double its headcount by the end of 2024, with a focus on growing its technology and product teams.
Zora Health, a startup offering fertility care programs and services, has secured SGD 1 million ($745,700) in funding to launch its integrated fertility care and financing platform in Singapore. The funding round was supported by investors including Antler and angel investors Cheryl Goh (Grab), Prajit Nanu (Nium), and Alan Jiang (beam). Zora Health’s platform provides comprehensive fertility services, including consultations, medical concierge services, fertility education workshops, and financing options.
BlokID, a Vietnam-based developer of blockchain-based privacy protection solutions for the digital advertising industry, has raised $1.25 million in a seed funding round led by Ascend Vietnam Ventures and AppWorks. The funding will be used to accelerate product development, acquire users, and expand into new markets. BlokID plans to launch its platform in Q2 2024, offering Google Analytics plugins and privacy-focused financial identity features.
Antler, a Singapore-based venture capital firm, has completed a round of pre-seed investments, committing $5.1 million to invest in 37 startups in Southeast Asia. This round marks Antler’s initial commitment in Malaysia through its strategic partnership with Khazanah Nasional Berhad. The startups cover a wide range of sectors, including AI, B2B software-as-a-service, fintech, and healthcare. Antler’s investment focus is on early-stage startups that address significant pain points and revolutionize how data and models translate into tangible products.
Rebellions, a South Korean artificial intelligence chipmaker, has raised $124 million in a Series B funding round. Led by KT, the round also included participation from investors such as Pavilion Capital, Koreyla Capital, and KB Securities. The funding will be used to acquire talent and expedite the development of Rebel, Rebellions’ next-generation AI chips. The company plans to begin mass production this year and expand its customer base both in Korea and internationally.
Analyst comment
Positive news: Investible leads Yume’s AUD 2 million seed round. Yume will solidify its presence in Australia and expand internationally, doubling its headcount and investing in technology.
Neutral news: Zora Health secures SGD 1 million funding for fertility care platform. The funding will support the launch of their platform in Singapore and provide comprehensive fertility care services.
Neutral news: BlokID raises USD 1.25 million in seed funding to accelerate product development for their blockchain-based privacy protection solutions.
Positive news: Antler invests USD 5.1 million in 37 startups in Southeast Asia, signaling growth and commitment to regional trends in AI, fintech, healthcare, and more.
Positive news: Rebellions completes USD 124 million Series B round, positioning itself as South Korea’s most funded semiconductor startup. The funding will support the development of AI chips and expand its customer base.
Neutral news: Various deals completed in China and India, including investments in technology companies, healthcare startups, and insurance claim processors. These investments will support product development, market expansion, and infrastructure enhancement.
