Several startups across Asia have recently secured substantial funding, highlighting investor confidence in innovative solutions addressing diverse challenges. From healthcare to agriculture and technology, these ventures are poised to make significant impacts in their respective fields.
Below is the compilation of this week’s funding news:
HDmall (Thailand)
HD was co-founded in 2019 by Sheji Ho, Aditya Jamaludin, Raya Chantaramungkorn (all former top executives at Thailand’s leading e-commerce enabler aCommerce), and Frankie Shum (formerly with Ardent Capital). It connects patients to hospitals, clinics, operating rooms and surgeons while offering healthcare financing solutions to increase access to affordable care and surgeries.
HDcare works with healthcare providers to increase the utilisation of hospitals’ and clinics’ operating room capacities. Since its launch, HDcare claims to have allowed over 300,000 patients to access elective surgeries like thyroid, haemorrhoid, and ophthalmic procedures at 15-20 per cent lower than the market.
Amount raised: US$5.6M
Round: Series A
Investors: SBI Ven Capital (lead), M Venture Partners, FEBE Ventures, Partech Partners, Ratio Ventures, Orvel Ventures, TA Ventures.
WasteX (Singapore)
WasteX provides an end-to-end solution to farms and agricultural producers, helping them utilise biomass waste by converting it into biochar and then applying it in their operations for operational, financial, and environmental benefits. Its mission extends beyond immediate benefits to farmers.
At the centre of WasteX’s biochar technology is its proprietary small-scale and semi-automated carboniser equipped with a unique dual-action burner. WasteX utilises both biomass fuel and captured syngas produced during biomass pyrolysis, enhancing energy efficiency. Furthermore, by recapturing and reutilising syngas for heat generation used in biochar production, WasteX minimises the potential for methane.
Amount raised: US$450,000
Round: Strategic
Investor: P4G Partnerships.
FishLog (Indonesia)
FishLog was established in 2020 by Bayu Anggara, Reza Fahlepi, and Abdul Halim to solve the fragmentation in cold chain fisheries in Indonesia. A seafood platform, FishLog enables the national fisheries cold chain network through community involvement. It empowers cold storage to increase its utility by connecting it with more fishermen, distributors, and buyers.
It offers FishLog Trace and FishLog Smart Contract, powered by blockchain technology. While FishLog Trace guarantees seafood comes from responsible sources, leveraging a traceable sourcing system and providing quality insurance coverage, FishLog Smart Contract handles financing, enhancing transparency.
Amount raised: Not disclosed
Round: Series A
Investors: Mandiri Capital Indonesia, BNI Ventures, Accel Partners, Insignia Ventures Partners, Saison Capital.
Auristone
Auristone harnesses the power of epigenomic insights to transform the field of precision medicine. Using epigenomics, Auristone can predict patients’ likelihood of response to different treatment options, helping doctors determine patient treatment plans.
Also Read: Auristone aims to transform precision medicine field with US$4M funding
EPI-CALL is designed to help doctors and patients navigate the complexities of therapy selection for late-stage cancer patients.
Auristone’s other products are Signomax (a sample-to-report ChIP-Seq and RNA-Seq service to support research endeavours) and EPI-Tome (an epigenomic-driven novel biomarker and drug discovery engine).
Amount raised: US$4M
Round: Seed
Investors: Elev8.vc (lead), SEEDS Capital, Genedant.
Alterno (Vietnam)
Alternō provides an innovative thermal energy storage solution utilising sand battery technology tailored for agricultural applications across drying, warming, or heating needs. This technology comprises insulated sand with custom heat-conducting tubes. It ensures a “seamless” transition to low-carbon agricultural practices while enabling cost savings for customers in a price-sensitive sector, compared to conventional grid energy and lithium-ion batteries.
Amount raised: US$1.5M
Round: Seed
Investors: The Radical Fund, Touchstone Partners, Antler, Impact Square (Korea), and Glocalink (Singapore)
Ailytics (Singapore)
Founded in 2021 by CEO Wei Zhuang (Lenard) Tan and CTO Prateek Manocha, Ailytics utilises AI-powered video analytics solutions to help heavy industry companies enhance their operational safety and productivity. Its proprietary solution taps on existing cameras to provide real-time actionable insights into unsafe acts, productivity metrics, and security breaches. It can provide 3D dimensions using a 2D video feed from any single camera, which enables the deployment of complex use cases such as calculating the danger zone under heavy load and a fixed radius around hazardous equipment.
Amount raised: US$2.7M
Round: Pre-Series A
Investor: Tin Men Capital (lead).
—
X marks Echelon. Join us at Singapore EXPO on May 15-16 for the 10th edition of Asia’s leading tech and startup conference. Enjoy 2 days of building connections with potential investors, partners, and customers, exploring innovation, and sharing insights with 8,000+ key decision-makers of Asia’s tech ecosystem. Get your tickets here.
Want more from your Echelon experience? Be an Echelon X sponsor or exhibitor. Send enquiry here.
The post Funding frenzy in SEA: Innovative solutions garner millions of dollars appeared first on e27.