SGX & BlackRock Launch $426M Asia Climate Fund; Avasa, Caprico Secure Millions
SGX and BlackRock have launched a USD 426 million climate action fund for Asia. Meanwhile, Avasa, a surgical technology company based in Auckland, has completed an oversubscribed funding round of USD 1.55 million. In China, Caprico Biotechnologies has secured multimillion-RMB pre-Series A funding.
The new fund, launched by Singapore Exchange (SGX) and BlackRock, aims to support companies transitioning to a low-carbon economy. It will focus on investments in renewable energy, energy efficiency, and other climate solutions across Asia.
Avasa's funding round was led by Moonshots Capital, with participation from Blackbird Ventures and Icehouse Ventures. The company develops innovative surgical technologies to improve patient outcomes and reduce healthcare costs.
Caprico Biotechnologies, a biotech company based in China, has secured significant funding to support its development of innovative biotechnologies. The company focuses on improving agricultural productivity and sustainability.
Elsewhere, EquityList has raised USD 2.2 million in a seed round to support its expansion. The company provides an online platform for investors to discover and invest in private companies.
In China, Lingshu, a blockchain technology service provider, has secured eight-figure RMB Series B2 funding. The company aims to accelerate the adoption of blockchain technology in various industries.
Hong Kong-based online medical insurer Bowtie has raised USD 34.9 million in a Series B2 round. The company plans to use the funds to expand its operations and technologies to fill Hong Kong's USD 886 billion protection gap.
Kora, a startup focused on transforming maize farming in Indonesia, has raised USD 400,000 in a pre-seed round. The company aims to improve the productivity and sustainability of maize farming through innovative technologies.
Kedaara Capital has invested in K12 Techno Services to deliver holistic education in India. The investment will support the company's expansion and development of innovative educational technologies.
These investments highlight the growing interest in innovative technologies and sustainable practices across various sectors in Asia. From climate action and surgical technologies to blockchain and online medical insurance, these companies are poised to make significant impacts in their respective fields.
