Atome secures USD 75 million facility to expand BNPL access in the Philippines
Atome, a buy now, pay later (BNPL) platform under Advance Intelligence Group, has secured a USD 75 million asset-backed financing facility from Lending Ark, advised by CITIC Securities CLSA Capital Partners.
The capital will support the company’s expansion of sustainable, risk-managed consumer credit in the Philippines, with the goal of advancing financial inclusion. Lending Ark previously backed Atome’s operations in Indonesia and has invested over USD 1 billion across Asia.
Coco Robotics raises USD 80 million to scale autonomous delivery fleet
Coco Robotics, an autonomous vehicle company focused on last-mile logistics, has raised USD 80 million. The company will use the capital to advance its artificial intelligence capabilities, grow its fleet, and deepen partnerships with enterprise clients.
Investors in the round include returning backers Sam and Max Altman, Pelion, Outlander, and SNR, along with new participation from Offline, DeepWater, and Ryan Graves. Coco has completed over 500,000 deliveries in cities like Los Angeles, Chicago, and Miami, and has launched operations in Helsinki. The company aims to deploy thousands of vehicles globally this year.
Allay Therapeutics raises USD 57.5 million in Series D funding
Allay Therapeutics, a clinical-stage biotech company, has raised USD 57.5 million in Series D funding to support trials of ATX101, its ultra-sustained non-opioid pain therapy for total knee replacement.
The round was co-led by Lightstone Ventures and ClavystBio, with support from NEA, Vertex Growth, EDBI, SGInnovate, and other investors. HSBC Innovation Banking provided venture debt. Japan-based Maruishi Pharmaceutical, which expanded its licensing agreement with Allay to include South Korea and Taiwan, also joined the round.
Voltavate raises AUD 850,000 to develop next-gen battery components
Voltavate, a Melbourne-based battery tech startup, has raised AUD 850,000 (USD 552,170) in a pre-seed funding round led by Artesian, with support from Investible, Electrifi Ventures, and several angel investors.
The company is developing a battery component platform, beginning with nanomaterial-based separators aimed at enhancing safety, performance, and scalability while minimizing environmental impact. Proceeds will go toward product validation, team expansion, and partnerships, particularly across Southeast Asia.
Piston lands USD 7.5 million to rebuild fuel payments for fleets
Piston, a cardless payments platform targeting commercial fleets and gas stations, has landed USD 7.5 million through its pre-seed and seed funding rounds. Spark Capital led the seed round, with participation from Pear VC and Bond.
The platform links payments to vehicle-specific QR codes, aiming to eliminate fraud and card overhead while giving fuel stations direct access to commercial demand. Operating in the US and India, Piston processes over USD 20 million in annualized volume and serves more than 120 fleets across 800 gas stations. The funding will support go-to-market efforts and hiring, particularly in Kolkata.
Recent deals completed in China:
- Sharewin, a supplier of high-purity specialty gases for electronics, has raised Series A+ funding worth an eight-figure RMB sum. The round was co-led by Guoke New Energy Equity Investment and Fengyuan Capital, with participation from October Capital and Wanxi State-owned Investment Holding Group. The company will use the funds to expand R&D, grow its team, and supplement working capital. —36Kr
- Digit, a Shenzhen-based robotics startup, has secured an eight-figure RMB sum in an angel plus round led by Cowin Capital. The company’s Juhao platform powers humanoid robots for retail, service, and cultural use cases. The new funds will go toward R&D, product refinement, and scaling delivery, with over 1,000 units expected to ship by the end of 2025. —36Kr
- Ruifuda, a health tech company specializing in assisted reproduction consumables and reagents, has raised an eight-figure RMB sum in a Series B funding round led by CICC Capital. An industrial fund linked to the Lianyungang Economic and Technological Development Zone also participated. Proceeds will support product development, market expansion, capacity upgrades, and team growth. —36Kr
- Manifold Tech, a spatial sensing tech startup based in Shenzhen, has raised a seven-figure RMB sum in pre-Series A funding from Hony Capital, following earlier investments from ZhenFund and Junsan Capital. The funds will back the production and rollout of Odin 1, the company’s perception-memory module for robotics, with mass manufacturing scheduled for July. —36Kr
- SiliconFlow, a generative AI company, has raised a nine-figure RMB sum in a round led by Alibaba Cloud, with participation from Sinovation Ventures, Puhua Capital, China Growth Capital, MiraclePlus, Glory Ventures, and Meituan. China Renaissance served as the financial adviser. The capital will be used for hiring, R&D, and international expansion. —36Kr
- Astronstone, a developer of reusable stainless steel rockets, has raised nearly RMB 100 million in an angel plus round. Fibonacci VC led the round, with follow-on investment from Huacang Capital and continued support from existing backer KylinHall Partners. The company will channel the funds into rocket R&D, test facility expansion, and team building. —36Kr
- Eagle Cloud, an enterprise security provider, has secured nearly RMB 100 million in pre-Series B funding. HongShan led the round, with continued backing from Vision Plus Capital and QC Capital. Voyagers Partners acted as the financial adviser. The funds will support development of its AI-driven secure office platform and fuel international market entry. —36Kr
- Enhanced Robotics, a robotics hardware startup, has raised an eight-figure RMB sum in a pre-Series A+ funding round led by HongShan. Other investors include Brizan Ventures, Peak Patience Capital Ventures, and repeat backers such as iFlytek co-founder Hu Yu. The company specializes in adaptive torque systems and lightweight robotic actuators. —36Kr
- Aqua Helpers, a maker of autonomous surface vessels, has raised an eight-figure RMB sum in a Series A funding round led by Old Fisherman Group’s Shanghai Fansheng Investment. The company plans to use the capital for product development, team expansion, and commercialization. —36Kr
- Goal Tech, a precision motor manufacturer, has raised an eight-figure RMB sum in a Series A funding round from SCGC. The funds will be used to scale production and accelerate R&D in sectors such as semiconductors, robotics, and automotive. —36Kr
- Sanway Tech, a developer of cross-architecture cloud applications, has raised nearly RMB 100 million in a funding round co-led by 37 Interactive Entertainment and Peakview Capital. With this funding, Sanway will invest in foundational technology and aim to expand its enterprise client base across operating systems and chipsets. —36Kr
- Direct Drive Tech, a robotics actuator and motor developer, has closed its Series B and B+ rounds of financing, bringing its total funding to a nine-figure RMB sum. The rounds were led by Beijing-based manufacturing and materials funds, with participation from Legend Star and other investors. Proceeds will be used to support modular actuator production, new product iterations, and deployment across industrial use cases. —36Kr
Syfe, Bolttech, Neuralink, and more made recent headlines:
- Syfe, a leading digital wealth platform, closed its Series C funding round at USD 80 million, including a USD 53 million Series C2 tranche. The new investment was co-led by two UK family offices, alongside returning backers Unbound and Valar Ventures.
- Bolttech, an insurtech platform, completed a USD 147 million Series C funding round, bringing its valuation to USD 2.1 billion. New investors include Japan’s Sumitomo Corporation and Portugal’s Iberis Capital, joining existing backers such as Dragon Fund, Baillie Gifford, and Generali’s Lion River.
- Neuralink, the brain-computer interface company founded by Elon Musk, raised USD 650 million in a Series E funding round. Investors include Ark Invest, DFJ Growth, Founders Fund, G42, Human Capital, Lightspeed, QIA, Sequoia Capital, Thrive Capital, Valor Equity Partners, and Vy Capital.
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