By Liz Lee
BookDoc founder and chief executive officer Chevy Beh said this investment is the tycoon’s first in a tech startup. BookDoc was also the first tech startup investment for the Brunei Royal Family. Prince Abdul Qawi had invested an undisclosed sum in BookDoc’s seven-digit seed round.
“We’re excited that this round of funding will allow us to introduce the public to Hover Camera, push the boundaries of what’s possible, and reimagine the future of what truly autonomous flying devices can be.” – CEO Meng Qiu Wang
The funding will be used to expand its world-class manufacturing frontend and backend capacity and double its workforce, while continuing to deliver on its leading product performance roadmap through research and development.
Start-up funding decreased from $611 million in the first quarter of 2015 to $301 million in the first quarter of 2016, says VCCEdge report.
State-backed funds and enterprises are championing some of the biggest private investment rounds, tapping into China’s buoyant Internet sector for better returns. That includes backing the record $4.5 billion raised by Alibaba Group Holding Ltd.’s finance affiliate on Tuesday. China’s governments are armed with about $339 billion, the biggest pot of money for startups in the world.
Kasisto has secured investment from DBS and is powering its Digibank digital banking brand in India.
As part of Series B, the company has raised a total of $15 million—$10 million from Tiger Global Management and $5 million from Bertelsmann.
Wongnai is the ninth portfolio company and the largest investment of InVent, a venture capital unit of Intouch Holdings, as well as the first-ever Series B investment in startups made by a Thai VC so far.
Augmedix Inc, a startup that uses Alphabet Inc’s Google Glass to provide documentation services to doctors and other healthcare workers, said on Monday it had closed a $17 million funding round led by investment firm Redmile Group.
The fund invests in startups based on their potential impact in sectors like education, healthcare, fintech and agriculture. Unitus has invested in startups including DriveU, Hippocampus, Blowhorn, iBreastExam, Jack on Block, Labinapp, and BetterPlace among others.