INFOGRAPHIC: Top Asian Startup Funding — Week 19

Emmanuel Oyedeji -
  • Data Collaboration Software Firm Atlan Raises $105M, Valuing it at $750 Million
  • Venturi Partners Acquires $27 Million Worth Stake in K12 Techno Services
  • India's Superplum Raises $15 Million to Enhance Agritech Supply Chain
  • NSG BioLabs Raises $14.5M to Expand Facilities Through Partnerships
  • Rize Raises $14M to Expand Sustainable Farming Solutions in Southeast Asia
  • Singapore's Galaxis Raises $10M to Expand Web3-Based Community Platform

Data Collaboration Software Firm Atlan Raises $105M, Valuing it at $750 Million

  • Indian-owned Data and AI governance company, Atlan has secured $105 million in its Series C funding round led by, Singapore’s sovereign wealth fund GIC, and Meritech Capital. This brings its total raised to date to $206 million valuing it at $750 million.
  • Led by Indian founders, Atlan enables large enterprise teams to collaborate seamlessly on data projects and create a unified source for all their data assets. With deep integrations with tools like Slack and data warehouses such as Snowflake and Redshift, Atlan aims to provide data enriched with business context, trust, and security. The company's customer base includes prominent names like Ingersoll Rand, Cisco, Autodesk, Unilever, Ralph Lauren, FOX, News Corp, Nasdaq, NextGen, Plaid, and HubSpot.
  • With this funding, Atlan plans to further enhance its data collaboration solutions and expand its customer base.

Venturi Partners Acquires 5.12% Stake in K12 Techno Services at $27 Million

  • Venturi Partners has acquired a $27 million stake in K12 Techno Services from Navneet Learning LLP, a subsidiary of Navneet Education Limited. The investment was made through Venturi's maiden $180 million consumer-focused fund.
  • Navneet Education Ltd will divest a 5.12% stake in K12 Techno while retaining a 14.35% stake in the firm, valuing K12 Techno at approximately $540 million.
  • The Bengaluru-based edtech firm specializes in providing integrated curriculum and multimedia teaching aids to over 800 private schools in India, reaching more than 300,000 students. It also offers assessment and administrative solutions for educators and school management teams.
  • With the new funding, K12 Techno Services aims to further expand its offerings and strengthen its presence in the education sector.

India's Superplum Raises $15 Million to Enhance Agritech Supply Chain

  • Superplum, an agritech startup based in India, has secured $15 million in series A funding, with incoming chair Erik Ragatz leading the investment round.
  • Established in 2019, Superplum specializes in operating a cold chain infrastructure aimed at improving the quality of market produce. Currently operating in 22 Indian states, Superplum collaborates with farmers to source and supply 25 different fruits year-round.
  • The infusion of fresh funds will enable Superplum to further develop its infrastructure and expedite its expansion plans in India, with a focus on branching out into international markets.

NSG BioLabs Raises $14.5M to Expand Facilities Through Partnerships

  • Biotech incubator NSG BioLabs has secured $14.5 million in a funding round led by Celadon Partners and ClavystBio, a Temasek biotech venture platform.
  • The Singapore-based firm specializes in providing co-working laboratories and office spaces for biotech startups. The company has also partnered with Enterprise Singapore and Merck to offer resources for R&D initiatives, including funding, technical skills, and networking opportunities.
  • With the fresh funds, NSG BioLabs plans to expand its products, services, and facilities across Singapore and Southeast Asia.

Rize Raises $14M to Expand Sustainable Farming Solutions in Southeast Asia

  • Singapore-based agritech startup Rize has secured $14 million in a series A funding round co-led by Breakthrough Energy Ventures, GenZero, Temasek, and Wavemaker Impact.
  • Rize's platform gathers crucial agricultural data essential for sustainable farming practices. By consolidating information on farm performance and crop yields, the company assists rice farmers in adapting to climate change, improving crop quality, and reducing expenses and water consumption.
  • The funding aims to bolster Rize's presence in emerging markets like Indonesia and Vietnam, along with expanding its team of agronomy experts to over 100, potentially reaching over 20,000 farmers.

Singapore's Galaxis Raises $10M to Expand Web3-Based Community Platform

  • Blockchain startup Galaxis, based in Singapore, has secured $10 million in funding from backers including Chainlink, Ethereum Name Service (ENS), and ENS co-founder Nick Johnson.
  • Galaxis specializes in offering a community management platform using digital membership cards in the form of non-fungible tokens (NFTs) to build and reward communities. CEO Andras Kristof describes Galaxis as a "post-hype NFT utility platform" that provides real value to businesses and individuals across industries beyond Web3.
  • With the fresh funds, Galaxis plans to expand its platform distribution and launch an initial DEX offering on Bybit. Additionally, the company has announced a $1 million grant program for community creators and members and has created its native token to streamline operations.

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