Indian EV funding start-up Vidyut bags $2.5 m
Until now, Vidyut has actually elevated greater than $16.5 million from capitalists such as 3one4 Resources, Saison Resources and Breeze Peacock.
Middle Eastern food technology startup Calo raises US$25 million in Series B financing
Calo has nine-figure annual revenue and plans to go public in 2025.
Indian semiconductor company Mindgrove receives US$8 million in Series A financing
Mindgrove also received $1.8 million under the Indian government's Design-Linked Incentive (DLI) program to support chip development.
Indian wealth technology start-up Univest receives US$10 million in Series A financing
The funds will be used to develop mobile applications for retail investors.
Australian Vault Cloud’s Series B financing raised US$14 million net
The funding will help Vault Cloud develop AUKUS cloud capabilities, artificial intelligence-enhanced security and expand its cloud platform.
Saudi Arabian artificial intelligence infrastructure company OmniOps receives $8 million in financing
The funding round was led by GMS Capital Ventures and will be used to expand operations and improve the country’s R&D and artificial intelligence infrastructure.
UAE renovation technology platform receives US$7 million in Series A financing
Revibe has been around for nearly two years and claims to have sold more than 80,000 items.
Australian electric vehicle charging company raises US$45 million in net financing
The round was led by Mirova, with support from Clean Energy Finance, RACV and Kilara Capital.
Perplexity reportedly secures $500 million in financing
Perplexity's acquisition of Carbon is its second acquisition since its inception.
SG and SV’s B2B financial technology platform received US$3.13 million in financing
Fairbanc has provided financing to more than 250,000 merchants in Indonesia, many of whom do not have bank accounts.
Israeli financial technology company Justt receives US$30 million in Series C financing
The company aims to become profitable by 2027 and reduce its headcount from 200 to about 100 people.
Israeli artificial intelligence company Decart received US$32 million in Series A financing
Decart’s Series A valuation is approximately US$500 million, a significant increase from the previous round.
Financing for new startups in India falls 32%: report
In 2024, Swiggy's $1.35 billion IPO became the world's largest technology IPO.
The report points out that the financing amount of Southeast Asia’s technology industry will drop by 59% in 2024.
Despite falling funding, innovation in the region remains strong.
Israeli fintech company secures US$11 million in financing
The investment was led by The Garage, with participation from State of Mind Ventures, Anfield and Guy Gamzu.
Indian intercity bus platform raises US$9 million in Series A financing
The company plans to raise an additional $6.9 million through the issuance of preferred stock.
As the financing winter begins to thaw, venture capitalists will set their sights on exiting in 2025
Venture capital activity was subdued in early 2024, but momentum is now building.
Indian fintech company Infinity raises $1.9 million in equity financing
Founded in 2023, Infinity helps companies manage cross-border sales.
Israeli AI healthcare startup raises additional US$15 million in Series B financing
This extended round was led by Healthier Capital and raised $20 million in May 2023.
Indonesian fintech company AwanTunai raises US$60 million in debt financing
This round of financing was led by Accial Capital and received donations from multiple investors.
Israeli SaaS startup Stigg receives US$17.5 million in Series A financing
Stigg plans to double its staff within a year and currently employs more than 20 people.
Abu Dhabi fintech company secures US$500 million in asset-backed financing
Quantix previously received a financial company license from the Central Bank of the United Arab Emirates this year.
Indian artificial intelligence robot start-up Haber received US$44 million in Series C financing
Founded in 2017, Haber focuses on automating factory processes using robots driven by artificial intelligence.
Indian education technology startup Kreedo secures US$1.2 million in debt financing
The funds will help expand the business and manage working capital.