Nexmedis raises funding co-led by East Ventures and Forge Ventures
Nexmedis, an Indonesia-based provider of health information systems (HIS), has raised an undisclosed amount in a funding round co-led by East Ventures and Forge Ventures. The company aims to enhance healthcare operations by integrating artificial intelligence into clinical workflows to improve efficiency and patient outcomes.
Founded in 2023, Nexmedis offers an AI-driven HIS that streamlines administrative tasks, optimizes diagnostics, and automates insurance claims. The company is also developing an AI-powered transcription tool that converts doctor-patient conversations into structured digital records, reducing manual documentation.
The new capital will support Nexmedis’ expansion across Indonesian hospitals and fund the development of new solutions to address regional healthcare challenges.
KKR acquires stake in Employment Hero from SEEK Investments
Global investment firm KKR has acquired a stake in Employment Hero, an employment management platform, from SEEK Investments. The financial terms were not disclosed. SEEK Growth Fund remains a significant investor in the company.
Founded in 2014, Sydney-based Employment Hero provides a cloud-native human resources management platform offering payroll, recruitment, and employee engagement solutions for small and medium-sized enterprises worldwide. The company recently expanded through its acquisition of Canadian employment platform Humi.
KKR’s investment will support Employment Hero’s international expansion and product development strategy. The deal is expected to close in the first quarter of 2025.
Demuzo raises USD 600,000 in pre-seed funding to launch music investment platform
Demuzo, an Indonesia-based music technology startup, has secured USD 600,000 in pre-seed funding from angel investors in the finance industry to launch its music investment platform. The platform will allow fans to invest in emerging musicians in exchange for a share of future streaming royalties.
Demuzo connects artists, fans, and labels through a crowdfunding-style model, channeling investment into artist promotion and music production. During its beta phase, more than 10,000 users joined the platform’s waitlist, with an 18% conversion rate to full registration. The company has also partnered with Los Angeles-based Isina Records.
With the fresh capital, Demuzo plans to expand partnerships with artists and labels, enhance its platform, and develop a mobile app. It is also seeking an additional USD 1 million to accelerate growth.
Abakkus leads INR 1.75 billion investment in Stelmec
Stelmec, a Mumbai-based provider of electrical power products and solutions, has raised INR 1.75 billion (USD 20.1 million) in a funding round led by Abakkus Four2Eight Opportunities Fund. Hem Securities acted as the financial advisor for the transaction.
With a legacy spanning over three decades, Stelmec manufactures medium-voltage switchgear and other transmission and distribution products. The company also provides engineering, procurement, and construction (EPC) services for high-voltage substations and power lines.
The investment will support Stelmec’s expansion, enhance its R&D capabilities, and strengthen its market presence domestically and internationally.
Finmo, Giftaway, HD, and more made recent headlines:
- Finmo, a treasury operating system provider, raised USD 18.5 million in an oversubscribed Series A funding round. The round was co-led by Quona Capital and PayPal Ventures, with participation from Citi Ventures.
- Global Incentive Solutions, the parent company of Giftaway, secured AUD 28.5 million (USD 18 million) from Aura Private Equity and co-investors.
- HD, a healthcare marketplace in Thailand, reportedly raised USD 7.8 million in equity funding from MSD, SBI Ven Capital, M Venture Partners, FEBE Ventures, and Partech Partners.
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