Startups

Cocoon Capital: Over Half Of $50 Million Fund III Closed

By Amit Chowdhry ● May 1, 2025

Cocoon Capital, which is one of Southeast Asia's top-performing early-stage venture capital firms, announced the first closing of its third fund, securing $30 million towards a $50 million target. Fund III continues Cocoon's strategy of investing in high-conviction, early-stage, enterprise, and deep tech startups in critical Southeast Asian sectors.

EnChannel Medical: $82.2 Million Series B Closed For Advancing Atrial Fibrillation Care

By Amit Chowdhry ● May 1, 2025

EnChannel Medical, an innovator in cardiac electrophysiology, announced the completion of an oversubscribed Series B financing, raising $82.2 million (600 million RMB). The funding round was co-led by Dragonball Capital and existing investor Lilly Asia Ventures (LAV), with Lapam Capital's continued support.

Terminal 3: $8 Million Seed Funding Raised For Scaling Privacy Technology

By Amit Chowdhry ● May 1, 2025

Terminal 3, a Hong Kong-based Web3 startup, announced it has raised a seed funding round of $8 million. The funding round was co-led by Illuminate Financial and CMCC Titan Fund, with participation from Animoca Brands, Progression Fund, IDG Blockchain, and Cherubic Ventures. And the round also included additional investment from existing investors 500 Global, Consensys Mesh, Hard Yaka, and BlackPine.

Canopy: $70 Million Series C Raised For AI-Based Accounting Platform

By Amit Chowdhry ● May 1, 2025

Canopy, a company that has built a firm-wide operating system designed to help accountants operate the accounting firm of the future, announced a $70 million Series C funding round. Viking Global Investors (a global investment firm with over $51 billion in capital under management) led the funding round, with continued participation from existing investors Ten Coves Capital, Ankona Capital, Pelion Venture Partners, and Tenaya Capital.

VOC.AI: $15 Million Raised For AI-Based Customer Service Solutions Platform

By Amit Chowdhry ● May 1, 2025

VOC.AI, a leader in AI-based customer service solutions and intelligent insights, announced the completion of a $15 million funding round. This investment was led by Shanda Grab Ventures, in partnership with Northern Light Venture Capital and Starting Gate Fund.

indiGOtech: $54 Million Series BB Raised For Advancing Sustainable Ride Hail

By Amit Chowdhry ● May 1, 2025

indiGOtech (known as GO) - a new mobility tech company based in Massachusetts - announced it closed a $54 million Series BB funding round, including investments from FedEx, Foxconn, and FM Capital.

Nuvo: $45 Million Raised For Accelerating Modern B2B Trade

By Amit Chowdhry ● Apr 30, 2025

Nuvo, a network accelerating modern B2B trade, announced that it has raised $45 million in funding from Sequoia Capital, Spark Capital, Founders Fund, Index Ventures, Human Capital, Foundation Capital, Susa Ventures, and prominent angel investors including Gokul Rajaram, Max Mullen (Founder of Instacart), Matt MacInnis (COO of Rippling), Sanjit Biswas and John Bicket (Samsara founders), Varun Anand (Founder of Clay), Eugene Marinelli and Rosco Hill (Blend’s founders), Ryan Petersen (Founder of Flexport), and Ali Rowghani (Former MD of Y Combinator).

Azalea: €9 Million Series A Raised For Intelligent Connected Vision Platform

By Amit Chowdhry ● Apr 30, 2025

Azalea Vision, a health technology company engineering the future of sight, announced the first closing of its €15 million Series A funding round. The company raised €9 million and appointed Robert J. Dempsey Chairman of the Board to guide strategic growth in the European and U.S. markets.

Cloud Capital: $7.7 Million Raised For Spend Platform

By Amit Chowdhry ● Apr 30, 2025

Cloud Capital announced it has launched out of stealth with $7.7 million in funding to help CFOs regain financial control of their cloud infrastructure.

Noxtua: €80.7 Million Raised For Legal AI Technology

By Amit Chowdhry ● Apr 30, 2025

Berlin-based legal tech company Xayn (soon to be Noxtua SE), developer of Europe's first sovereign Legal AI Noxtua, announced recently it has completed its Series B investment round of about €80.7 million with C.H.Beck (Germany’s leading legal publisher) as the leading investor. And additional new investors on board include High-Performance Computing (HPC) specialist Northern Data, Germany’s largest business law firm CMS as Xayn's long-standing partner and co-initiator of the Legal AI Noxtua, and global law firm Dentons.

Nourish: $70 Million Series B Closed For Addressing Chronic Disease With AI-Based Nutrition Care

By Amit Chowdhry ● Apr 30, 2025

Nourish, a leading provider of nutrition counseling in the country, announced a $70 million Series B funding round, bringing total funding to $115 million. The funding round was led by J.P. Morgan Private Capital’s Growth Equity Partners, with participation from Thrive Capital, Index Ventures, Y Combinator, Maverick Ventures, BoxGroup, Atomico, G Squared, and Pinegrove.

IXI: $36.5 Million Series A Raised For Developing Autofocus Eyewear

By Amit Chowdhry ● Apr 30, 2025

IXI, a company on a mission to change how the world sees with the first autofocus glasses, announced it has raised $36.5 million in Series A funding. The funding round was led by Plural, with participation from Tesi, byFounders, Heartcore, Eurazeo, FOV Ventures, Tiny Supercomputer and IXI’s existing investors, including Maki.vc, First Fellow, Amazon Alexa Fund, firstminutecapital, John Lindfors, Illusian, and Bragiel Brothers.