TLDR:
- Matrak secures AUD 2.9 million for China expansion
- Runchise raises USD 1 million to expand in Indonesia
Bringing you the latest updates on funding deals and activities in the Asia Pacific. Matrak, a Melbourne-based startup focusing on streamlining supply chains for the construction sector, raised AUD 2.9 million in a Series A funding round led by G&M Capital. The funds will be used for launching Matrak China. Runchise, an Indonesia-based restaurant management and culinary franchise company, received USD 1 million from East Ventures and Genesia Ventures to enhance its technology and expand its footprint in Indonesia.
Earth VC invested in YC-backed climate tech startup HyLight’s EUR 3.7 million round, while Galaxis, a Singapore-based blockchain startup, secured USD 10 million. Optix, a startup specializing in extended reality technology, raised USD 15 million in a pre-Series A round led by Primavera Venture Partners. Invest Inya Farmer, a platform offering access to agriculture investment opportunities, gathered AUD 2.8 million in a Series A funding round.
In China, Muyan Zhiyu, founded by a former Alibaba executive, completed multiple rounds of funding, while Emposat, a commercial aerospace company, raised close to RMB 500 million. Hengtong Submarine Power Cable, a subsidiary of Hengtong Optic-Electric, secured RMB 1.03 billion in a strategic funding round.
