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Singapore’s Sunrate Receives Investment from Prosperity7 Ventures and SoftBank Ventures Asia in Series D-1 Funding

AsiaTechDaily

The funding was led by Prosperity7 Ventures, a growth fund associated with Aramco Ventures, and included additional investment from SoftBank Ventures Asia. Mr. Paul Meng, the co-founder of Sunrate, expressed his appreciation for the investments made by new and existing prestigious investors.

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Spend management platform Teampay expands partnership with Mastercard, raises $47M

TechCrunch

“In today’s economic environment, Teampay’s software-led approach has proven resilient — as we saw in late 2020 to 2021, when the economy rebounds, Teampay benefits disproportionately through accelerated growth … We increased our debt facility for additional flexibility in uncertain times.” billion valuation.

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The Station: Restructuring ripples and the next investor darling of the EV era

TechCrunch

Honda has teamed up with Japanese lifestyle and home brand Muji to collaborate on a minimalist e-bike design for the Chinese market. This round brings the total investment in Aurora Labs to about $100 million. The current legal speed cap is around 16 miles per hour. Existing investor Porsche Automobil Holding SE and Colmobil Corp.