Investment roundups: a16z and Lightspeed jointly lead Series A funding for k-ID; Pawprints Group expands seed round with additional funding; Earth VC backs Orbillion Bio, and additional investments detailed.
In a series of recent announcements, various companies have secured funding to drive growth and innovation across multiple sectors. From equestrian businesses to artificial intelligence, clean tech, and pet nutrition, these investments are poised to make significant impacts.
Canterly, a startup developing a platform for equestrian businesses, has secured pre-seed funding from early-stage investor Antler. The investment will support Canterly's work on an intelligent operating system designed to streamline manual processes, address resource underutilization, and improve operational efficiencies in the equestrian industry.
Meanwhile, Opilot, a Singapore-based artificial intelligence startup focusing on data privacy and protection, raised an undisclosed amount of pre-seed investment from Iterative Capital. The funding will enable Opilot to scale its premium and enterprise tiers as it begins pilot tests with various companies.
In the realm of clean tech, Stride, a Ho Chi Minh City-based company, secured a USD 3 million debt financing facility from Trine. The investment will allow Stride to expand its capacity to develop clean energy installations across Vietnam in partnership with local installers.
Orbillion Bio, a US-based startup specializing in producing Wagyu beef cells, has caught the attention of Earth VC, a climate tech venture capital firm based in Vietnam. The investment will help Orbillion Bio become a leading B2B supplier of beef muscle and fat cells.
Pawprints Group, a Singapore-based pet nutrition company, has announced an extension to its seed funding round led by Asia Fund X. The funds will be used to redefine pet nutrition with high-quality, sustainable options that cater to pets with allergies and dietary sensitivities.
Mitsubishi UFJ Financial Group (MUFG) has announced two new investments. The funding will enable Stride to expand its clean energy adoption in Vietnam, while MUFG is investing USD 195 million in Ascend Money, a leading Thai mobile payments operator. The investment will secure a 10% stake in Ascend Money and will see MUFG appoint an executive to Ascend Money's management team.
AnDiConBio, a developer of drugs designed to counteract respiratory infections, completed a RMB 200 million (USD 27.5 million) Series A funding round.
VidAU, an AI-powered video creation platform, secured angel funding from River Jin Technology to further develop its algorithms and AI models. The investment includes backing from existing investors Creative Gorilla Capital and the Japfa Comfeed family office Altrui Investments.
K-ID, a Singapore-based startup, has secured a USD 45 million Series A funding round co-led by Andreessen Horowitz and Lightspeed Venture Partners. K-ID's platform is a cross-platform, instant sign-on solution for kids and teens, simplifying online safety and privacy management for game developers, parents, kids, and teens. The funding round brings k-ID's total funding to USD 51 million.
Dachin Etech Global, a Singapore-headquartered D2C brand creator, secured an undisclosed sum of seed funding from Northstar Ventures. The funds will be used to install solar energy systems in schools and community centers in Vietnam.
Lastly, Plaza Premium Group (PPG) has announced a USD 300 million investment to drive innovation and growth over the next three years. PPG will utilize the funds to enhance customer experience through sustainable solutions, cutting-edge technologies, and strategic market expansion.
These investments underscore the growing interest in technological innovation and sustainable solutions across various industries, signaling a promising future for these startups and their respective sectors.
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