Airwallex raises USD 320 million in Series H funding

Airwallex, a global payments and financial platform, said it has raised USD 320 million in Series H funding, lifting its valuation to USD 11 billion from USD 8 billion in December 2025.

The round was led by returning investor Addition, with participation from Baillie Gifford, Hummingbird, QED Investors, T Rowe Price, Hedosophia, Haun Ventures, Washington University in St Louis, and Amex Ventures.

Airwallex said it will use the capital to accelerate product development across autonomous finance and agentic commerce, referring to AI-enabled tools that can automate finance tasks and commerce interactions. It also plans to expand its infrastructure and regulatory footprint in new markets and scale the teams building its next-generation financial software.

The company also announced two product initiatives:

• T:0, a financial platform designed to automate finance functions such as bookkeeping, forecasting, tax, compliance, and reporting.
• Airi, an agentic consumer wallet that will support one-click checkout and, later, delegated agent payments, spend limits, permission controls, and multicurrency balances.

Akro raises USD 700,000 to automate data workflows in regulated sectors

Akro, a Singapore-based artificial intelligence startup, has raised USD 700,000 in pre-seed funding to automate data workflows for regulated industries.

The round was led by Amigos Venture Capital and included participation from angel investors across financial services, healthcare, and consumer technology.

Akro turns documents, records, and institutional knowledge into automated workflows for government and enterprise teams.

The company said its proprietary AI models can read scanned documents, handwriting, and irregular forms, extracting data more accurately than frontier AI models and existing document intelligence solutions. Instead of using a single general-purpose model, Akro said its system relies on a network of specialized models that run faster and at lower cost while preserving data privacy.

The funding will be used to expand Akro’s engineering team, accelerate product development, and purchase more hardware to support its research.

Igloo acquires Eazy Digital to deepen technology stack

Igloo, which describes itself as building an operating system for insurance, has acquired Eazy Digital, a Singapore-headquartered insurtech company with operations across Asia.

The transaction will bring Eazy Digital’s client base and Thailand team under Igloo. Eazy Digital founder Harprem Doowa will become country head of Igloo’s Thailand operations and head of tech solutions for Asia-Pacific.

The acquisition is Igloo’s second move in Thailand within 12 months, following its 2025 joint venture with JMT Network Services, a subsidiary of Jaymart Group, to build a digital insurer in the country.

Igloo said the deal will strengthen its regional insurance infrastructure strategy and support the growth of its products across the insurance value chain.

Biobot raises SGD 20 million to expand prostate care platform

Biobot Surgical, a Singapore-based medical technology company developing robotic-assisted systems for prostate cancer diagnosis and treatment, has raised SGD 20 million (USD 15.5 million) in its latest financing round.

The round was led by ClavystBio in partnership with ZIG Ventures.

Biobot will use the funding to accelerate international adoption of “Mona Lisa,” its precision prostate care platform, and support its entry into the US market. The company also plans to expand its clinical and economic evidence base and strengthen its commercial capabilities.

Mona Lisa combines robotic needle guidance with MRI (magnetic resonance imaging) and ultrasound image fusion to support targeted prostate biopsy and focal ablation workflows. The company said the platform is designed to improve precision in transperineal prostate procedures, with the aim of improving biopsy accuracy, reducing infection risk, and supporting more reproducible image-guided workflows.

PvX Partners secures USD 5 million equity investment from MIT

PvX Partners, a Singapore-based financial services platform focused on user acquisition financing and market intelligence for consumer applications, has secured a USD 5 million equity investment from the Massachusetts Institute of Technology.

The company will use the investment to expand its cohort financing platform, which helps founders scale user acquisition through performance-based, non-dilutive financing.

Founded in 2024, PvX combines user acquisition, product development, and capital allocation through a platform it says is built for gaming and consumer app growth. Its flagship service, PvX Capital, provides cohort financing that allows companies to fund user acquisition without relying on traditional lending or giving up additional equity.

MIT joins a cap table that includes Play Ventures, General Catalyst, Storyhouse Ventures, Z Venture Capital, Drive by DraftKings, T-Accelerate Capital, and Square Enix Holdings.

Recent deals completed in China:

• Sand.ai, a video generation company, has raised more than USD 100 million across two funding rounds. Investors include Look Capital, Lollapalooza Capital, Ubiquant Partners, Matrix Partners, MSA, Sinovation Ventures, Xiang He Capital, Source Code Capital, CAS Star, Hongtai Aplus, Today Capital, Hua Capital, V Fund, IDG, and Baidu Ventures. StarOcean Capital served as financial advisor. —36Kr
• Urtopia, a smart e-bike brand, has raised more than RMB 200 million (USD 29.4 million) in a Series B round. The round was co-led by Brizan Ventures and the industrial fund of the Tongxiang municipal government, with continued support from Gao Bingqiang, Kungho Fund, and Guangyuan Hesheng. The company will use the funds for technology R&D, global expansion, supply chain development, and organizational upgrades. —36Kr
• Caye, a coffee machine brand, has raised nearly RMB 400 million (USD 58.8 million) in a Series B round led by Meituan’s DragonBall Capital. Boray Capital, GL Ventures, Suzhou Capital Group, and Jiabin Capital also participated. Founded in December 2022, Caye has developed a “bionic barista” design to rethink coffee grinding, dosing, tamping, and extraction for commercial use. —36Kr
• Archon Robotics, a developer of intelligence models for humanoid robots, has raised a nine-figure RMB sum in a seed round. Investors include ZhenFund, Gaorong Ventures, IDG Capital, 5Y Capital, the joint fund between Gobi China and the University of Hong Kong, MiraclePlus, and Shanghai Innovation Institute. Lighthouse Capital served as financial advisor. The funds will support foundation model R&D, multimodal motion data collection, hiring, and ecosystem development. —36Kr
• Nianxiang Technology, a developer of noninvasive neural interface technology, has raised nearly RMB 10 million (USD 1.5 million) in an angel round. The round was led by Yongjun Xingmang, with participation from PDVC and V Capital. The proceeds will go toward product development, team expansion, and the creation of a local surface electromyography dataset, which is used to measure electrical activity in muscles through the skin. —36Kr
• Jitian Xingzhou, a developer and manufacturer of aerospace-grade optical payloads, has raised a nine-figure RMB sum in a Series B round. Investors include SND Financial Holdings, Heji Capital, Zhuopu Investment Fund Management, Join Hands Capital, Oriza Seed, Oriza Rivertown, Zhidao Capital, Zhongshi Capital, and Bondshine Capital. —36Kr
• HiDiPower, a power semiconductor module developer, has raised an eight-figure RMB sum in an angel-plus round from Suzhou Capital Group and Jingjia Investment. Megawave Capital served as financial advisor. The company will use the funds for solid-state transformer power module R&D, product iteration, and supply chain development. —36Kr
• Deemos, a generative AI company, has raised a nine-figure RMB sum in a new round. The round was led by Cathay Capital and SSCI Leading Fund, with participation from existing shareholders. The funding coincides with the launch of Hyper3D Rodin Gen-2.5, its latest 3D generation model for use cases including e-commerce, 3D printing, gaming, industrial design, and embodied intelligence. —36Kr
• Yimeihua New Materials, a magnesium alloy materials and components company, has raised an eight-figure RMB sum in an angel round from Galaxy Venture Capital and Huazhong Enterprises. The capital will be used for capacity expansion, R&D, and hiring. —36Kr

ChemT, Vibefam, GigaAI, and others made recent headlines:

• ChemT Biotechnology, a Singapore-based biotechnology company, raised USD 5 million over 18 months, comprising USD 1 million in angel investment and a USD 4 million seed round. The seed round was led by Wavemaker Ventures, with participation from Seeds Capital, Wavemaker 360 Health, Draper University Ventures, and Temasek Life Sciences Accelerator.
• Vibefam, which is developing a platform for gyms, studios, and wellness operators, raised USD 1 million in seed funding. The round was led by an undisclosed Singapore-based family office, with backing from early-stage investors including Hustle Fund and Ignite Asia, as well as investors and operators from the fitness and wellness sector.
• GigaAI, a Chinese physical AI company, raised RMB 1 billion (USD 147 million) in a Series B2 round from Lion Partners Capital, the China-Belgium Direct Equity Investment Fund, JIC Investment, Wanxiang Qianchao, Fosun RZ Capital, Huagai Capital, Jin Venture Capital, Dyee Capital, Huacang Capital, Yuanshi Fund, and existing investors.

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Note: RMB, SGD figures are converted to USD at rates of RMB 6.80 = USD 1 and SGD 1.29 = USD 1 based on estimates as of June 30, 2026, unless otherwise stated. USD conversions are presented for ease of reference and may not fully match prevailing exchange rates.