Singapore-based Hivebotics raised US$6 million to scale the only restroom-cleaning robots that scrub toilets, urinals, sinks and floors with steam and AI, already proven across airports, hospitals and malls. Malaysia-based nanoSkunkWorkX secured US$2 million to fix the heat bottleneck that limits next-generation AI chips.
On to the raises.
Startup Raises
Singapore-based Hivebotics raised US$6 million in a Series A led by Vertex Ventures Southeast Asia & India to take its Abluo restroom-cleaning robots from pilot to volume production. Read more here.
Malaysia-based nanoSkunkWorkX raised US$2 million in seed funding led by Tin Men Capital to commercialise thin-film interfaces that let AI chips run cooler and denser. Read more here.
M&A
KKR took a minority stake in Malaysia-based Avisena Healthcare to fund the expansion of its specialist hospitals and new greenfield facilities across the Klang Valley. Read more here.
Japan’s Takebishi acquired Singapore-based Gennex Group to expand its electronics and semiconductor distribution network across ASEAN. Read more here.
LFE Corp chairman Chuah Chong San acquired a 31% stake in Malaysia-based Salutica for RM15.95 million in an off-market deal, becoming its largest shareholder. Read more here.
Thailand’s CPF acquired a 51% controlling stake in Brew Factory for US$10.4 million to expand into bottled drinking water and mineral water production. Read more here.
IPO
Malaysia-based BFB raised US$18 million in an IPO oversubscribed 18.7 times to expand production of coffee and tea extract powders and instant beverage premixes. Read more here.
Malaysia-based Pioneer Heat launched its IPO on Bursa Malaysia to fund expansion of its heat and thermal management solutions business. Read more here.
Business Updates
Clucky launched an iPhone alarm app that wakes users with a crowing rooster and requires them to complete a mission before it switches off, offering a US$39.99 annual Pro subscription. Read more here.
Thanks for reading! Catch you tomorrow.
Happy Raising!
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