Funding Upgrades: Humble secures extra capital, A&D funnels resources into Aevice Health, RecycleSmart gathers USD 1.15 million through crowdfunding, among other developments
In the realm of technology and sustainability, several startups have recently secured significant funding to fuel their growth and expansion. Here's a roundup of the recent funding rounds that have taken place.
Edgro Finance Raises USD 25 Million in Debt Funding
Edgro Finance, a non-banking financial company under Propelld, has successfully raised USD 25 million in a debt funding round. Participants in this round include Credit Saison India, AU Small Finance Bank, InCred Financial Services, Northern Arc Capital, and others. The funds will be used to support Edgro Finance's ongoing operations and growth.
Kasagi Labo Secures USD 12 Million in Pre-Series A Funding
Kasagi Labo, an anime-focused venture studio headquartered in Singapore, has raised USD 12 million in a pre-Series A funding round. Burda Principal Investments led the round, with other participants including undisclosed strategic investors. The funds will be used to support the company's growth and expansion.
Humble Sustainability Raises Undisclosed Amount in New Funding Round
Humble Sustainability, an e-waste management startup headquartered in Manila, has raised an undisclosed amount in a new funding round. The round was led by Gobi Partners, with participation from the Startup Venture Fund of the Philippine government's National Development Company (NDC). Humble Sustainability promotes circular living by helping firms reuse and resell old electronic equipment. Since its inception in 2021, the company claims to have diverted over 250,000 kilograms of e-waste from landfills.
RecycleSmart Raises USD 1.15 Million through Crowdfunding Campaign
RecycleSmart, a Sydney-based recycling startup, has raised USD 1.15 million through a crowdfunding campaign on Birchal involving 1,014 investors. This latest fundraise follows a previous USD 1 million crowdfunding campaign on Birchal completed in July 2023. The funds will be used to expand the startup's operations and increase its impact on the recycling industry.
OTPless Secures USD 3.5 Million in Pre-Series A Funding
Surat-based OTPless, a company developing alternatives to one-time passwords, has secured USD 3.5 million in a pre-Series A funding round. The round was led by SIDBI, with participation from Venture Highway, FJ Labs, and Piper Serica. The funds will be used to support the company's research and development efforts.
Aevice Health Secures USD 1 Million Investment from A&D
Aevice Health, a Singapore-headquartered medtech firm, has secured a USD 1 million investment from Japanese medtech manufacturer A&D. The funds will be used to expand AeviceMD, Aevice's flagship remote monitoring platform, into the US and Japan.
Husk Secures USD 5 Million Investment from Mekong Capital
Husk, a Cambodian biochar and biofertilizer producer, has secured a USD 5 million investment from Mekong Capital's Mekong Enterprise Fund IV. The funds will be used to support the company's growth and expansion.
Osome Secures USD 17 Million in Series B Extension
Osome, a Singapore-based bookkeeping and accounting platform, secured USD 17 million in a Series B extension. The funding features a mix of equity and debt funding. The funds will be used to support the company's growth and expansion.
These funding rounds highlight the ongoing interest and investment in technology and sustainability startups, demonstrating the potential for innovation and growth in these sectors.
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