Immuno Cure bags US$12M, gears up for IPO
Hong Kong-based Immuno Cure BioTech closed the US$12 million tranche of its US$27 million Series A fundraising round, led by Gobi Partners-managed AEF Greater Bay Area Fund.
The biotech company will use the capital to accelerate the development of DNA vaccines and antibodies besides preparing for an IPO in Hong Kong.
Immuno Cure focuses on R&D of immunotherapies for cancers, inflammatory and infectious diseases based on its patented “PD-1-enhanced DNA Vaccine Platform” and “Anti-Δ42PD1 Antibody Platform” with two DNA vaccine candidates, ICVAX and ICCOV, currently in clinical trials.
GoodMorning Global secures US$4.4M via ECF
GoodMorning Global Group, a provider of “affordable” plant-based balanced nutrition for Malaysia and global communities, secured a record RM20 million (US$4.4 million) from over 1,000 investors in an equity crowdfunding (ECF) campaign.
The company will use the funds to accelerate biotechnology and food technology research while supporting its prospective IPO listing over the next two years.
Established in 2008, GoodMorning Global is a nutritional multigrain and biotechnology company. It engages in research and production of plant-based protein and multi-grain products.
Sunrate nets fresh funding
Sunrate, a cross-border payment platform for businesses, raised an extended Series D (D2) funding round from Sequoia Capital Southeast Asia (now known as Peak XV Partners).
Saudi Aramco-owned Prosperity7 Ventures and Softbank Ventures Asia co-invested.
Last month, Sunrate secured an undisclosed sum in its Series D1 led by Prosperity7 Ventures.
The startup will use the fresh funds to accelerate growth in emerging markets, such as Southeast Asia and India, and continue to onboard new customers globally. In addition, it will look to hire employees.
Peeba debuts in Southeast Asia
Y Combinator-backed Peeba announced the setting up its office in Indonesia, marking the first step of its Southeast Asia (SEA) expansion journey.
The online B2B wholesale marketplace wants to change the game for small retailers by enabling them to compete on the same footing as larger retailers through online and offline channels. The company aims to implement a “sell first, pay later” model for small retailers.
In a press statement, Peeba says it allows retail stores across Indonesia to buy products from thousands of curated global and local brands on consignment, so they can pay for goods they can sell and return the rest to Peeba. According to the company, this means that small retailers do not need to incur hefty upfront payments, allowing them to stock high-quality products in their stores.
Mirxes lands US$50M
Singapore-headquartered RNA technology company, Mirxes Holding, completed its Series D funding round, securing US$50 million.
The round is anchored by existing and new investors, including Beijing Fupu, EDBI, Mitsui & Co., NHH Venture Fund, and the Agency for Science, Technology and Research.
Mirxes Holding will use the capital to scale the adoption and penetration of its stomach cancer blood test, GASTROClear, in major Asia-Pacific markets, including Southeast Asia, China, and Japan.
A portion of the funds will be used to accelerate the development and commercialisation of Mirxes’s maturing clinical pipeline, including a blood-based colorectal cancer screening test and the multi-cancer early detection test under Project CADENCE. Project CADENCE is a project to develop a single blood test for the early detection of nine high-mortality cancers powered by the company’s RNA technology and other complementary biomarker technologies.
Resolution Ventures Fund I hits final close
Singapore-based venture capital firm Resolution Ventures made the final close of its first fintech fund.
An international community of fintech-interested institutions, unnamed family offices, finance executives and entrepreneurs invested.
With Resolution Fintech Fund I, the VC firm aims to invest in Southeast Asia’s founders developing solutions that have local, regional, and international applications.
The fund seeks to back pre-seed and seed-stage firms. The ticket size ranges between US$250,000 and US$750,000.
Bunker secures US$5M
Singapore-based startup Bunker, which provides a modern financial analytics platform for SMEs, secured over US$5 million over two funding rounds.
The investors include January Capital, Alpha JWC, GFC, Northstar Group, Money Forward, Alpine Ventures, and Patamar Capital.
Angel investors, namely Chris Lin, Rosemary DeAaragon, Tiger Fang, Gaurav Gupta, Christian Sutardi, Warren Tseng, Jonathan Wong, Nakul Malhotra, and Shaun Hon, also participated.
Bunker was founded in 2021 by CEO Shivom Sinha, formerly VP (strategic finance) at Gojek and Senior Associate (Strategic Finance) at Uber.
Bunker is an intuitive platform that gives executives “deep financial visibility” by turning the thousands of overlooked rows in the general ledger into actionable insights.
GIMO closes US$17.1M Series A
GIMO, a Vietnam-based startup providing flexible pay and financial well-being solutions for underbanked workers, raised an undisclosed sum in Series A funding to close the round at US$17.1 million.
TNB Aura led the round and saw participation from existing backers Integra Partners, Resolution Ventures, Blauwpark Partners, ThinkZone Ventures, and Y Combinator.
Genting Ventures, TKG Taekwang, George Kent, and Asia-focused private credit financier AlteriQ Global also joined.
The final closing, comprising equity and debt financing, came five months after GIMO secured US$5.1 million in the first close.
2MR Labs secures funding, announces strategic partnerships
2MR Labs (Tomorrow Labs), an Asia-based digital assets launchpad co-founded and funded by Temasek-owned Heliconia Capital, raised an undisclosed sum in a new funding round from Plug and Play APAC, The Assembly Place, PG, and LucidBlue Ventures.
The additional cash injection will enable 2MR Labs to support businesses transitioning into Web3. The firm looks to build its first phygital economy and bring digital assets into the forefront of the Asia consumer landscape, driving widespread adoption and redefining how businesses operate in a new digital era.
In addition, 2MR Labs has also announced a series of strategic investments and brand partnerships. With a focus on building a robust Phygital (physical plus digital) economy, these alliances aim to drive widespread adoption of Web3 technologies and strategies.
Zuno Carbon raises US$2.5M
Singapore-headquartered climate-tech startup Zuno Carbon secured US$2.5 million in seed funding led by Wavemaker Partners.
SEEDS Capital and Blue InCube Ventures also participated.
This brings the total funds raised by Zuno Carbon in the past 12 months to over US$3 million and follows a pre-seed round in June last year.
The money will be used to ramp up Zuno Carbon’s sales and marketing efforts, launch new features to simplify compliance and catalyse decarbonisation with real, tangible actions.
Founded in 2020, Zuno Carbon provides decarbonisation solutions for organisations of all sizes to reduce their environmental impact.
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