Data Vantage | Axcynsis, Morning and Pintarnya report funding updates
Edition #195, 2 Aug 2022
Dear Reader,
Axcynsis Therapeutics, a Singapore-based biotech startup that develops antibody-drug conjugates (ADCs) for cancer therapy and was formerly known as Tetris Therapeutics, received $10 million last week as part of a $15 million seed round announced in May.
ADCs, one of the fastest-growing cancer therapies globally, are projected to exceed $16.4 billion in sales in 2026.
Separately, Singapore-based coffee tech startup Morning received $5 million last week in Series A funding from investors, including East Ventures, zVentures, P9 Capital and Wee Teng Wen of Lo & Behold Group. Lead investor East Ventures contributed $3 million to the round.
Founded in 2018 by Leon Foo and Bowen Chiou, Morning sells coffee machines and capsules. It had closed a $1.3 million pre-Series A round last year.
Top shareholders in Morning
Source: DATA VANTAGE
Other updates from DATA VANTAGE
Leap Finance, which caters to the financing needs of Indian students seeking to study abroad, received $15 million last week as part of a $75 million Series D round announced in June. Jungle Ventures sent another $7 million, taking its contribution to the startup’s latest round to $15 million.
Velox Digital Singapore, the local entity of Gojek, received a fresh capital injection of $7.1 million from its parent company last week. The ride-hailing and payments giant had invested nearly $32.9 million in its Singapore unit last year.
UNOAsia, the Singapore-based incorporator of UNO Digital Bank (UNObank) in the Philippines, on Monday announced it has secured $11 million in a pre-Series A funding round led by private equity firm Creador. The startup is valued at over $500 million, according to DATA VANTAGE.
UNObank is one of six companies to receive a digital banking licence in the Philippines.
Pintarnya, a Jakarta-based digital platform that helps blue-collar workers find employment opportunities, received $4 million from Vertex Ventures Southeast Asia & India last week as part of its seed funding round.
The startup announced raising an additional $8 million in seed financing last month, bringing its round total to $14.3 million.
Character entertainment firm Graphic India received $5 million last week as part of a Series B-1 funding round, according to regulatory filings. Investors include Robert G. James and 10,000 Days Fund.
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