Funding secured: Gapai and Elevarm, Rize receives USD 14 million, and nine Chinese deals announced across multiple industries

In the ever-evolving world of technology and agri-tech, several startups have recently secured significant funding to fuel their growth and innovation. Here's a look at some of the latest funding rounds that have taken place.

Monks, a rocket composite fairing producer, has completed a Series A funding round, securing an undisclosed amount. The funds will be used to expand production capacity and enhance technological capabilities.

Gapai, an Indonesia-based startup, has raised USD 1 million in a seed funding round led by Wavemaker Partners. Gapai aims to mitigate illegal trafficking against Indonesian migrant workers by facilitating safer cross-border job placements. The funding will be used to strengthen its process for overseas placements, specifically by enhancing its technology infrastructure. Gapai plans to onboard 70,000 Indonesian workers and match them with 2,200 global job opportunities in 2024.

Lichoin Tech, a cybersecurity company, announced the completion of a pre-Series A funding round. The exact amount raised was not disclosed, but the funds will be used to bolster its cybersecurity solutions and expand its customer base.

i2Cool, a developer of electricity-free cooling technology, recently secured close to HKD 100 million (USD 12.8 million) in Series A financing. The funds will be used to scale up production and accelerate the development of new products.

Matrak, a Melbourne-based startup that focuses on streamlining supply chains for the construction sector, raised AUD 2.9 million (USD 1.9 million) in a Series A funding round. The funds will be used to expand its team and enhance its platform capabilities.

Rize, a Singapore-based agritech platform, has completed its USD 14 million Series A funding round, co-led by Breakthrough Energy Ventures and GenZero. Rize focuses on sustainable rice cultivation. The funds will be used to enhance its technology stack, including its measuring, reporting, and verification (MRV) solution, and to support its expansion in Southeast Asia.

MetroElectro, an Australian climate tech startup, has received AUD 1.03 million (USD 690,000) in pre-seed investment from Wavemaker Impact. The startup develops innovative solutions for energy storage and management.

Elevarm, an Indonesia-based agritech startup, has raised USD 2.6 million in a seed funding round led by Insignia Ventures Partners. The investment will support the scaling of its production capacity for seedlings and organic fertilizers.

TaiDoc Health, a platform for family medicine practitioners and medical service providers, has raised RMB 920 million (USD 127.3 million) in strategic funding. The funds will be used to expand its services and improve its technological capabilities.

Design Order, a Shanghai-based artificial intelligence technology company, banked nearly RMB 100 million in a Series A+ funding round. The funds will be used to develop and enhance its AI-powered solutions.

Runchise, an Indonesia-based restaurant management and culinary franchise company, bagged USD 1 million in a new funding round. The funds will be used to expand its operations and improve its technology infrastructure.

JHM Biopharma, a recombinant protein drug developer, has completed a Series B round of financing, raising RMB 100 million. The funds will be used to accelerate the development and production of its recombinant protein drugs.

Carmery New Materials, a Huzhou-based developer of carbon-based materials for energy storage solutions, has secured RMB 100 million (USD 13.8 million) in an extended angel funding round. The funds will be used to scale up production and improve the efficiency of its energy storage solutions.

Lastly, Top Favor, a fashion brand, has completed its fourth round of financing. The exact amount raised was not disclosed, but the funds will be used to expand its product offerings and improve its supply chain management.

Sino Soar Hybrid, a Beijing-based provider of turnkey solutions for solar, hybrid, and off-grid projects, has announced the completion of a Series B funding round. The exact amount raised was not disclosed, but the funds will be used to expand its operations and improve its technological capabilities.

Earth Venture Capital, a Vietnam-based climate tech investor, invested in Paris-based startup HyLight's recent funding round. The exact amount invested was not disclosed, but the funds will be used to scale up production and improve the efficiency of its solar energy solutions.

In the dynamic world of tech and agri-tech, these funding rounds mark significant steps forward in innovation and growth. As these startups continue to develop and expand, we can expect to see even more exciting advancements in the future.

Funding secured: Gapai and Elevarm, Rize receives USD 14 million, and nine Chinese deals announced across multiple industries