TLDR:
- LaunchVic introduces new grants for angel investment networks in Victoria
- OKX Ventures leads investment in UXLink
LaunchVic, the startup development agency in Victoria, is offering grants of up to AUD 300,000 to specialized angel investment networks. These grants aim to support early-stage startups in specific industries or technology types. Additionally, OKX Ventures has led an investment round in UXLink, a SocialFi platform focusing on decentralized applications.
The funding landscape in China and India also saw some recent deals:
- EGNC, a Chengdu-based CNC tools developer, secured funding for R&D and expansion
- Zenosic, a Nanjing semiconductor company, raised RMB 200 million for R&D in network chips
- MUCSE, a Wuxi security solutions provider, received funding for business expansion and R&D
- Lohum, a Greater Noida sustainable battery materials producer, secured USD 54 million for market expansion
- Sugar.fit, a health tech startup, raised USD 5 million for diabetes management
- Freed, a debt relief platform, raised INR 600 million for expansion
- Cureskin, a dermatology startup, raised USD 20 million for scaling operations
- Indicold, a cold chain logistics company, received funding for technology development and expansion
- Perfios, a fintech SaaS company, secured USD 80 million for international expansion
These deals highlight the diverse investment opportunities in the Asia Pacific region, with a focus on supporting startups in various industries and technologies.
