In today’s briefing:
- Indonesia’s insect-based pet food company Pawprints Inspired bags US$1.7M financing | e27
- EduFi raises $6.1m to boost AI-powered lending platform
- Fintech startup Upworth secures funding to democratise money management | e27
- Underwater robotics startup BeeX bags $2m
- Modhaus bags new money to blend K-pop with blockchain
- TômTex secures US$4.15M to make eco-friendly textiles | e27
- Authentick secures US$4M for wallet-free digital collectible purchases | e27
Indonesia’s insect-based pet food company Pawprints Inspired bags US$1.7M financing | e27
- Pawprints Inspired, an insect-based pet food company in Indonesia, has received US$1.7 million in funding led by Creative Gorilla Capital (CGC), a collaboration between Future Creative Network and Vynn Capital.
- Altrui (Japfa Comfeed Family Office), Tujuh Bersaudara Investindo (Tigaraksa Satria Family Office), and several individual investors participated.
- In addition, Pawprints Inspired also acquired an unnamed Japanese pet food company to expand its portfolio.
EduFi raises $6.1m to boost AI-powered lending platform
- Credit penetration in Pakistan has historically been low, due in part to the country’s relatively subdued macroeconomic landscape.
- This can be seen in the student loans segment, which currently lacks firms that are focused on the vertical.
- Aleena Nadeem, a former tech investor and MIT graduate, is changing this.
Fintech startup Upworth secures funding to democratise money management | e27
- Upworth, an Australian fintech company that aims to democratise money management for all, has completed its AUD 1 million (US$650,000) funding round from unnamed business angels and entrepreneurs.
- Founded by Alexandre Chavotier (CEO), Carlos Rios (CTO), and Maxime Chaury (COO & CMO), Sydney-headquartered Upworth provides an online platform to empower users with tools to track all their assets and liabilities in one place, plan their financial independence and grow their wealth.
- Also Read: A penny saved is a penny earned: How Vircle cultivates money-smart kids All customer data is stored in Australia, and the data exchanges are subject to AES-256 military-grade encryption protocols.
Underwater robotics startup BeeX bags $2m
- BeeX, a Singapore-based maker of autonomous underwater robots, has raised US$2 million in a round co-led by Earth Venture Capital and ShipsFocus Ventures.
- The startup will use the funds to speed up its go-to-market efforts for autonomous offshore wind farm inspections in Europe.
- BeeX was established in 2018 by Grace Chia and Goh Eng Wei, researchers at the National University of Singapore.
Modhaus bags new money to blend K-pop with blockchain
- Seoul-based Modhaus, an entertainment agency using blockchain for fan engagement, has raised US$8 million in its series A funding round led by US-based investment firm Sfermion.
- The new round pushes the company’s total funds raised to US$12 million.
- Founded in December 2021, Modhaus operates a blockchain platform called Cosmo, which helps fans participate in the decision-making processes of their favorite idol groups
TômTex secures US$4.15M to make eco-friendly textiles | e27
- New York-based biomaterial company TômTex has secured US$4.15 million in a seed investment round led by Happiness Capital.
- Earth Venture Capital, SOSV, Parley for the Oceans, and MIH Capital also participated.
- The funding will support the growth of TômTex’s Brooklyn team, fill key leadership roles, and enhance manufacturing capabilities.
Authentick secures US$4M for wallet-free digital collectible purchases | e27
- Authentick, the creator of Authentickator, a wallet-free platform for easy browsing, purchasing, and authentication of digital collectibles, has successfully raised a US$4 million seed round, with Menyala as the lead investor.
- The fresh funds will be used to execute the company’s roadmap, which encompasses expanding the marketplace, fostering collaborations with brands and creators, enhancing services, and advancing the product roadmap.
- Authentickator has also announced partnerships with Southeast Asia’s leading e-commerce platform Lazada, social media giant TikTok, and Shopify to enable select users to easily purchase digital collectibles directly from each platform using traditional payment methods.
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