By Quynh Nguyen
This is the second fundraising of JupViec.vn since it snapped up a six-digit seed funding from Japan’s CyberAgent Ventures.
The biopharma company said it will use the proceeds to expand its clinical programmes, strengthen its management team and bolster the pre-clinical development of new drug candidates.
The funding proceeds will allow Laka to further extend its reach across the UK and eventually bring its insurance model to Asia.
The funding will be used for its expansion in existing and new markets beyond Southeast Asia.
The round was led by Harbor Investment and backed by Pacific Alliance Group, Ador Equity Investment Fund Management, and Gobi Investment Management.
The second fund would make seed stage investments in deep tech companies based in the US.
Existing investors SAIF Partners, Y Combinator and Venture Highway also participated in the latest funding round. Meesho has so far raised a total of $15 million.
Following the funding round, which was also joined by Tada’s existing investors, Finch Capital partner Hans de Back will join the startup’s board.
This is Unicorn India’s sixth investment in the state.
Bird, its main rival, is also raising money at a valuation of $1 billion.