Financial transactions: Atome Financial obtains a debt facility worth up to $100 million, Food Empire receives funding from Ikhlas Capital, and six deals from China, among others.

Headline: Multiple Startups and Companies Secure Funding for Growth and Expansion

In the bustling world of business, several startups and companies have recently secured significant funding to fuel their growth and expansion plans. Here's a roundup of the latest investments:

Tiger New Energy in Bangladesh Raises Additional Funding

Tiger New Energy, a Bangladeshi clean energy startup, has announced an additional investment of USD 1 million from Zenith Alpha Management, augmenting its seed round led by Wavemaker Partners in 2023. The funds will be used to accelerate the deployment of Tiger's battery swapping network across Bangladesh.

Dendritic Optical Technology Completes Series B Funding

Dendritic Optical Technology, an Anhui-registered company, has successfully completed its Series B funding round. Guoyuan Securities Financial Holdings, Hefei Hi-tech VC, and Xingtai Capital Management participated in the round. The exact amount of the investment has not been disclosed.

Okapi Technologies Launches in Malaysia with Funding

Okapi Technologies, a fintech startup in the solar financing space, has closed its funding round and officially launched in Malaysia, starting with the residential solar vertical. The round was led by The Radical Fund, with participation from angel investors including Lai Chang Wen and Shaun Chong, co-founders of regional logistics unicorn Ninja Van.

Atome's Business Thrives with Significant Funding

Atome, a digital financial technology platform, has secured a three-year term debt facility from EvolutionX worth up to USD 100 million. The profitability of Atome's buy now, pay later (BNPL) business was a key factor, with a 40% year-on-year surge in GMV to USD 1.5 billion and 130% year-on-year growth in revenue. The funds will be used to expand Atome's regional credit portfolio and launch new products such as savings, lending, insurance, and the "Atome Card".

Food Empire Holdings Secures Investment for Southeast Asia Expansion

Food Empire Holdings, a Singapore-based multinational food and beverage group, received USD 40 million from private equity fund Ikhlas Capital. The investment will be made into a special purpose vehicle (SPV) and will drive capital expenditures and mergers and acquisitions for Food Empire's expansion in Southeast Asia and South Asia.

Other Notable Investments

RaySea, a Hangzhou-based company specializing in VCSEL R&D and design, has completed a new funding round led by its existing shareholders, with the funds primarily used for accelerating the commercialization of automotive-grade VCSEL chips and the iteration of optical chips.
Minospace Technology, a Beijing-based satellite manufacturer, has secured RMB 1 billion in a Series C1 financing round led by the Wuxi Economic Development Zone Shangxian Industry Investment Fund, with Liangxi Technology and Innovation Industry Fund of Funds, and existing shareholder Qingdao Huizhu Anfulan also participating.
BioMap, a Beijing-based biological computing startup, has received an undisclosed investment from the Hong Kong Investment Corporation (HKIC), an investment firm wholly owned by the Hong Kong government, to support its biocomputing innovation center and expansion to Hong Kong.
Sectrend, a supply chain software security company, has secured tens of millions of RMB in a pre-Series A++ round of financing, with investors including Firstlight Capital, Vista, Shanghai Weixin, Kunpeng Technology Growth Fund, Shanghai Anyu, and Shanghai Yisu.
DreamTech, an artificial intelligence tech startup focusing on native 3D generative solutions, has raised an eight-figure RMB sum in angel funding across two rounds, with Oriza Seed leading the initial investment and Monad Ventures investing in a subsequent round.
Paywatch, an earned wage access (EWA) service provider, has secured a total of USD 30 million from a mix of equity and credit facilities to bolster its growth.
Ai Palette, a Singapore-headquartered tech startup specializing in AI and machine learning for CPG companies, has snagged an additional USD 1.45 million in its Series A1 funding round from InnoVen Capital.
Lastly, BioMap, a Beijing-based biological computing startup, has received an undisclosed investment from the Hong Kong Investment Corporation (HKIC), an investment firm wholly owned by the Hong Kong government, to support its biocomputing innovation center and expansion to Hong Kong.

Financial transactions: Atome Financial obtains a debt facility worth up to $100 million, Food Empire receives funding from Ikhlas Capital, and six deals from China, among others.