Tech funding news: HD, WasteX, and Viruma secure funding; Animoca Brands invests in Xion; 14 China and India deals shake up the industry

• HD, a health tech startup, secures USD 5.6 million in funding round led by SBI Ven Capital
• WasteX raises USD 450,000 from P4G Partnerships for biochar production
• Viruma receives funding from Cyber Agent Capital for prop tech platform development
• Animoca Brands invests in USD 25 million funding round of Xion blockchain platform
• Updates on 14 China and India deals in Asia Pacific tech funding landscape

HD Secures USD 5.6 Million in Series A Funding

In recent tech funding news, HD, a health tech startup, has successfully secured USD 5.6 million in a Series A funding round. The funding was led by SBI Ven Capital, in collaboration with Kyobo Securities and NTUitive (Nanyang Technological University). Other participants in this round include M Venture Partners, Febe Ventures, Partech Partners, Ratio Ventures, Orvel Ventures, and TA Ventures.

Founded in 2019, HD operates a marketplace for healthcare and surgery services, catering to countries like Thailand, Indonesia, and other Southeast Asian nations. The company’s co-founder and CEO, Sheji Ho, revealed in an interview with TechCrunch that HD aims to become the Sierra AI of Southeast Asia. By training chatbots with accumulated data from various sources, HD aims to automate tasks traditionally handled by staff, thereby boosting operational efficiency. This approach not only cuts costs but also allows staff to focus on higher-value tasks.

With this fresh injection of funds, HD plans to launch a new chatbot for its marketplace within the next three months. Additionally, the company aims to make its technology available for third-party use by the end of 2024, expanding its reach and impact in the region’s healthcare sector.

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WasteX Raises USD 450,000 for Climate Tech Innovation

Another notable development in the tech funding landscape is WasteX, a climate tech startup that has raised USD 450,000 from P4G Partnerships. WasteX, operating in Indonesia and the Philippines, specializes in converting biomass into biochar using its proprietary carbonizer technology. Unlike traditional equipment that relies on electricity, WasteX’s solution utilizes biomass fuel and captured gas from organic matter combustion.

The company plans to utilize the newly acquired capital to collaborate with mills and poultry farms in Indonesia, establishing biochar production facilities across the archipelago. By partnering with farmers, WasteX aims to contribute to sustainable waste management practices while reducing carbon emissions in the region.

Viruma Receives Funding for Prop Tech Advancements

Viruma, an Indonesian prop tech platform, has secured an undisclosed amount of funding from Cyber Agent Capital, a prominent venture capital firm based in Japan. The investment is earmarked for the development of digital technology for property marketing. Viruma intends to enhance the consumer experience in property search and purchase by introducing the Viruma Apps platform, equipped with tools to create virtual mockups and models of homes.

The capital injection will enable Viruma to bolster its technological capabilities and improve its service offerings, ultimately revolutionizing the property market in Indonesia. By leveraging digital solutions, the company aims to streamline property transactions and enhance customer satisfaction.

Animoca Brands Invests in Xion’s Blockchain Platform

In a significant move, Animoca Brands, a Hong Kong-based Web3 company, has participated in a USD 25 million funding round for Xion, a blockchain platform headquartered in the US. The funding round saw participation from various investors, including Laser Digital (Nomura), Multicoin, Arrington Capital, Draper Dragon, Sfermion, and Golden Tree.

The capital infusion will be instrumental in further developing Xion’s blockchain platform and expanding its ecosystem. With the support of key investors like Animoca Brands, Xion aims to drive innovation in blockchain technology and create new opportunities for decentralized applications.

The tech funding landscape in the Asia Pacific region continues to witness significant developments and investments in various sectors. Companies like HD, WasteX, Viruma, and Xion are at the forefront of innovation, leveraging funding to drive growth, enhance their offerings, and make a lasting impact in their respective industries. Stay tuned for more updates on the latest funding news shaping the tech ecosystem in the region.