Data Vantage | LionsBot, HMI Group, Optty, ANEXT Bank report updates
Edition #288, 06 July 2023
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Singapore-based robotics firm LionsBot has secured [redacted] million in additional Series A funding from [redacted].
The cleaning robots maker had earlier raised around $21 million in the same round from EDBI, TransLink Capital and SuperSteam Asia Pacific, among other investors.
Founded in 2018 by Agatha Michelle Seow, Dylan Ng Terntzer, and Rajesh Elara Mohan, LionsBot manufactures cleaning robots for commercial applications. Its flagship product LeoBot can be programmed to clean large public areas and can work under remote supervision.
Singapore-based healthcare provider Health Management International (HMI Group) allotted ordinary and preference shares worth [redacted] million this week to its holding company, PanAsia Health Limited. HMI is now valued at [redacted] billion.
The share allotment follows the announcement of an undisclosed investment in HMI Group through PanAsia by global alternative asset manager Apollo last month. The capital would go towards supporting HMI’s growth strategy as it seeks to invest in high-quality healthcare businesses to continue its expansion in Southeast Asia.
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Other updates from DATA VANTAGE
Singapore-based buy now, pay later (BNPL) platform Optty bagged [redacted] million in additional funding this week from investors. It had earlier secured $3 million as part of the same round.
Indonesian edtech firm Zenith Learning Group has received [redacted] million so far in new funding from [redacted], East Ventures and other investors.
Vietnamese edtech startup MindX received $9.6 million from private equity firm Kaizenvest, Thai education firm Aksorn, VC firm Wavemaker Partners and Japanese HR firm Mynavi last week. The funding is part of a $15 million Series B round announced in April.
Qarbon Technologies, a Singapore-based enterprise technology company, bagged $2.4 million this week from investors, including Meta Technology Capital, the technology investment arm of an undisclosed Singapore-based family office, and private equity firm Falcon House Partners. The funding is part of a $5.5 million seed round announced in May.
Singapore-based digital lender ANEXT Bank, a wholly owned subsidiary of Ant Group, posted its first revenue in the financial year ended December 31, 2022. Its losses ballooned 335% during the period.
Malaysia-based social e-commerce company RPG Commerce’s net losses widened by around 31x in the twelve-month period ended March 31, 2022. The company’s revenue jumped 1.5x during the period.
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