Funding secured: Mindverse and CNV, India-based investment firms reach milestones, 19 business deals between China and India, and further updates
In the ever-evolving world of technology, startups continue to innovate and secure funding to bring their ideas to life. Here are some recent funding success stories from around the globe.
China
Linden Chassis Tech, a Shanghai-based company specializing in automotive shock absorbers, secured RMB 30 million (USD 4.1 million) in a pre-Series A round of financing led by Blue Lake Capital. Meanwhile, Passion Intelligent Technology (PassionIOT), a Suzhou-based provider of line-side warehouse and closed-loop solutions for the manufacturing industry, completed two rounds of strategic financing, banking over RMB 100 million.
In the realm of AI, Mindverse, a Singapore-based AI technology startup, raised USD 5 million in a seed funding round led by Square Peg. Koala Uran, an AI technology developer, completed its Series A+ funding round, raising an undisclosed amount from Oriental Fortune Capital and Orinno Capital. Hi-Dolphin Robot Technology, an AI technology company developing robot cafe and barista solutions, secured an undisclosed amount in a Series A funding round.
On the biotech front, SmartNuclide, a biopharmaceutical company based in Jiangsu, secured close to RMB 100 million (USD 13.8 million) in a Series C+ funding round led by Oriza Holdings. RisenLighten, a Beijing-based autonomous driving solutions provider, secured an undisclosed amount in an extended angel round of financing, invested by WestSummit Capital.
India
Filter Capital, a growth-stage investment firm, marked the final close of Filter Capital India Fund I, its maiden fund, with a total corpus of INR 8 billion (USD 96 million). Neysa, a provider of generative AI solutions, raised USD 20 million in a funding round jointly led by Matrix Partners India, Nexus Venture Partners, and NTTVC.
Biodeal Pharmaceuticals, a Noida-based contract manufacturer for pharmaceutical companies, secured INR 1.1 billion from the Performing Credit Fund of Piramal Alternatives (Piramal Group). Recykal, a waste management company, secured INR 1.1 billion (USD 13.2 million) as part of its pre-Series B funding round.
Vietnam
CNV, a Vietnamese cloud-based business and marketing solutions provider, secured USD 1 million in a seed funding round from Wavemaker Partners. CNV also provides digital transformation products and services tailored to micro, small, and medium enterprises in Vietnam.
Elsewhere
MindOS Studio is used to develop AI-native websites with personalized chat features. Zulu Defence Systems, a Bengaluru-based startup specializing in air defense solutions, raised USD 750,000 in a seed funding round led by Finvolve.
Sprinto, a security and compliance automation startup, raised USD 20 million in a Series B funding round led by Accel, with participation from Elevation Capital and Blume Ventures. Mebot is a productivity tool that learns and adapts to users' thoughts and preferences.
iBus, a communications and digital infrastructure solutions provider, secured USD 200 million from India's National Investment and Infrastructure Fund (NIIF). Paytring, a payment orchestration platform, raised an undisclosed amount in a pre-seed funding round led by Unlimit.
In the realm of semiconductors, JSAB Technologies, a Shenzhen-based power semiconductor components manufacturer, snagged over RMB 200 million (USD 27.6 million) in Series C1 financing. Newcosemi Technology, a Beijing-headquartered chip manufacturer, banked a nine-figure RMB sum in a Series C funding round led by CMG-SDIC Capital. Moffett AI, a Silicon Valley-founded company providing cloud and terminal AI chip acceleration solutions, completed two successive rounds of financing, raising an undisclosed nine-figure RMB sum.
Recent significant fund successes related to China include a remarkable comeback of the Chinese stock market, with MSCI China rising over 25% in the first seven months of 2025, attributed to innovation breakthroughs like chat gpt and targeted government support. UBS Asset Management sees this as an opportune environment for international investors. There is no specific mention of investment firms or funds directly achieving new successes in China in the last days in the provided search results.
