Funds
Singapore-based crypto derivatives exchange platform Bitget has formed Bitget Web3 Fund, equipped with an initial capital of $100m. The fund will target Web3-focused projects and funds, especially those based in Asia.
Chinese insurance provider China Pacific Insurance Company has launched two cryptocurrency-themed funds, having joined forces with blockchain investment firm Waterdrip Capital. Pacific Waterdrip Digital Asset Fund I will invest in early-stage blockchain projects starting at seed rounds while Fund II will concentrate on digital assets with proof-of-stake tokens.
Funding
Hype Kits, the US-based content creator-focused landing page platform formerly known as Pico, has raised $10m in series A funding from investors including Bloomberg Beta, an investment arm of media company Bloomberg. King River Capital led the round, which included Bullpen Capital, Precursor Ventures, Tapestry VC and Sterling Road, taking the company’s total fuding to $20m.
| Company | Company description | Sector | Country | Round | Round size($m) | Deal date | Investors |
|---|---|---|---|---|---|---|---|
| Aqua Cultured Foods | Fermentation-based seafood producer | Consumer | US | Seed | 5.5 | 06/04/2023 | CJ CheilJedang; Stray Dog Capital (lead), H Venture Partners, Aztec Capital Management, Amplifica Capital, Supply Change Capital, Big Idea Ventures, HPA, Aera VC, Kingfisher Family Investments, Swiss Pampa |
| SmartRyde | Airport transfer API developer | Services | Japan | A+ | 3.4 | 10/04/2023 | NEC (NEC Capital Solutions)/NVenture Capital (NVC1) (lead); Sumitomo Mitsui Banking Corporation (SMBC Venture Capital), Yamaguchi Financial Group (Yamaguchi Capital), Hirogin Holdings (Hiroshima Venture Capital), Shiga Bank (Shigagin Regional Revitalisation SD Fund), Iyo Bank (Iyogin Capital); Japan Finance Corporation (debt) |
| Huddle01 | Decentralised communication network operator | Services | US | Seed | 2.8 | 08/04/2023 | Superscrypt, Protocol Labs; Hivemind Ventures, Balaji Srinivasan, Stani Kulechov, Dan Romero, Juan Benet, M31 Capital, East Ventures, Longhash Ventures, Good News Ventures |
| Kryptview | Crypto token research community operator | Financial | France | Pre-seed | 1.5 | 06/04/2023 | KuCoin, Bitpanda, GSR; Serafund |
| Drone Show | Drone show performance organiser | Industrial | Japan | N/A | <1 ($760,000) | 10/04/2023 | Mitsui Sumitomo Insurance (Mitsui Sumitomo Insurance Venture Capital) (lead), Solize; NES Venture Capital, Nagoya Small and Medium Business Investment & Consultation, QR Investment, two unnamed companies |
| BookBase | Novel publishing platform | Media | Japan | Seed | <1 ($260,000) | 07/04/2023 | MyNavi |
| CerebrumX Labs | AI-equipped automotive data aggregator | Transport | US | N/A | N/A | 07/04/2023 | BlackBerry (BlackBerry IVY Innovation Fund) |
| Veloce Energy | EV charging technology developer | Transport | US | A1 | N/A | 07/04/2023 | Itochu; Ecliptic Capital |
| Joyz | Operator of English-learning platform TerraTalk | Services | Japan | N/A | N/A | 10/04/2023 | Nippon Life (Nissay Capital), Digital Garage (DG Daiwa Ventures) |
| Eiicon | Open innovation platform spun out of Persol Holdings | Services | Japan | N/A | N/A | 06/04/2023 | Seino Holdings (Logistics Innovation Fund) (lead), T&D Holdings (T&D Innovation Fund); Makoto Aou, Fumiaki Koizumi, Yutaka Shinohara, Minoru Moriya, Central Japan Seed Fund |
| Amnimo | Camera video data aggregator | IT | Japan | N/A | N/A | 06/04/2023 | Hankyu Hanshin Toho Group (Itec Hankyu Hanshin Strategy Partners) |
| WBP | Operator of beauty salon sharing service Salon Village | Services | Japan | Pre-A | N/A | 06/04/2023 | Pola Orbis Holdings; Okasan Securities (Okasan Capital Partners), Masaki Yamamoto |
| Missafir | Home rental management platform | Services | Turkey | Pre-A | N/A | 10/04/2023 | Ege Yapı (Ege Yapı Technology Ventures); unnamed existing investors |
| Travelio | Home rental operator | Services | Indonesia | C | N/A | 10/04/2023 | PTT Oil and Retail, Woori Financial Group (Daol Ventures); unnamed Korean financial group (lead), Orzon Ventures, Appworks, Temasek (Pavilion Capital) |
