Home Venture Capital Deals in brief: CarbonHQ and Oobit secure funding, Nio Capital completes second...

Deals in brief: CarbonHQ and Oobit secure funding, Nio Capital completes second RMB fund, 15 other China and India deals, and more

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Investible and Galileo Ventures lead CarbonHQ’s pre-seed round

CarbonHQ, an early-stage carbon project management platform, has secured AUD 600,000 (USD 390,760) in a pre-seed funding round jointly led by Investible’s Climate Tech Fund and galileo Ventures.

Oobit raises USD 25 million in Series A round

Oobit, a mobile crypto payments app, has raised USD 25 million in a Series A funding round from the investment arm of Tether, CMCC Global’s Titan Fund, 468 Capital, and Anatoly Takovenko (Solana). Oobit did not disclose the sum raised and how much the investment valued the company.

To make crypto payments more accessible, Oobit’s app is designed to enable users to pay for purchases using crypto, while allowing merchants to receive payments in fiat currency. The firm is also planning to open up the capability to third-party wallets, which would transition its app into a non-custodial crypto payments app. —Coindesk

Recent deals completed in China:

  • Nio Capital, the venture capital arm of Chinese electric vehicle maker Nio, has completed its second RMB fund, securing over RMB 3 billion (USD 422.4 million) from RMB guidance funds, national funds, family offices, and listed companies. The names of the investors were not disclosed. The fund focuses on diverse sectors, including mobility and logistics, new energy, and “frontier technology.” This marks Nio Capital’s fifth fund raised to date, with four others previously closed, comprising three in USD and one in RMB. The latest fund’s closure has boosted its total assets under management (AUM), estimated to have risen to RMB 15 billion (USD 2.1 billion).
  • Tezeus, an electric bicycle manufacturer, has snagged RMB 10 million (USD 1.4 million) in an extended angel funding round from Haiyi Equity Investment and Hanlong Zhixing Investment Management Center. The company will utilize the funds to expand its supply chain, conduct online marketing, and develop offline sales channels. 36Kr
  • Beike Yunhong, a Beijing-based technology enterprise focused on solid waste utilization and carbon emission reduction in the building materials industry, has secured close to RMB 100 million (USD 14 million) in a Series A funding round. The round was led by CITIC Environment Fund and saw participation from Fresh Capital and Sany Foundation (an investment platform under Jianlong Group). The funds will be utilized for project development and R&D. 36Kr
  • Juci Technology, a Xiamen-based developer of high-grade aluminum nitride powders and ceramic products, has completed a Series B+ round of financing, raising an undisclosed amount. The round was led by Allin Capital, with participation from Restone Capital, Xiamen Torch Group Company, Inspiration Capital, and Huaqiang Venture Capital. Juci will use the funds to expand its production lines and capacity. 36Kr
  • Robestec, an energy storage systems developer, has secured RMB 160 million (USD 22.5 million) in a Series A funding round. The investors for this round include China Merchants Venture, China Merchants Commerce Financial Leasing, Gree, the Shandong Railway Development Fund, and Yuanhua Capital. 36Kr
  • Gene Vector, a Chengdu-based biotechnology company, has completed a new round of equity financing, securing an undisclosed sum of investment. The investors for this round include Guanghua Wutong Equity Investment Fund Management as well as new investor Chengdu Fengqi Wutong Venture Capital Fund. 36Kr
  • Dian Zhen Technology, a Chengdu-registered developer of radio monitoring and communication equipment, has concluded a new funding round, raising an undisclosed amount from Chengdu Yichuang Equity Investment Fund. 36Kr

Latest deals in India:

  • Snap-E Cabs, an EV ride-hailing platform based in Kolkata, has secured USD 2.5 million in a pre-Series A funding round led by Inflection Point Ventures. The company plans to allocate the funds toward talent acquisition to support growth, technology enhancements, and to develop new tech-enabled services. It also intends to expand operations into additional geographies.
  • Astrotalk, a Noida-headquartered online astrology platform, is set to receive nearly USD 20 million in a Series A funding round from Left Lane Capital. This marks the company’s inaugural institutional funding round. —Entrackr
  • Wishlink, a creator-focused commerce startup based in Bengaluru, has raised USD 7 million from The Fundamentum Partnership Fund and Elevation Capital. This investment comes after a gap of 15 months for the company. Wishlink enables creators across social media platforms to drive commerce for brands via personalized multi-brand storefronts. The platform has created a tech stack to drive creators from social media to brands’ websites, helping them acquire customers. —Entrackr
  • Keus, a Hyderabad-based startup offering smart home automation solutions, has raised INR 1 billion (USD 12 million) in a funding round led by Oaks Asset Management. The company’s founders also participated in this round. Keus intends to utilize the funds to develop new products, expand into the premium homes segment, launch experience centers in key cities, and strengthen its market position. —Inc42
  • Thyrocare, a PharmEasy-owned preventive healthcare and diagnostics platform, is acquiring a 100% stake in Chennai-based Think Health Diagnostics and a related party to offer electrocardiogram (ECG) services at home. Thyrocare entered into a share swap agreement with Think Health Diagnostics and its existing shareholders earlier this month to complete this deal. —Inc42
  • SportVot, a sports technology startup, has raised INR 94 million (USD 1.1 million) in a pre-Series A funding round led by Omidyar Network India, with participation from Anicut Capital, StartupLynk, Ventana Ventures, and existing investors. The company plans to deploy the newly raised capital toward the enhancement of its tech capabilities and product offerings. —Inc42
  • Aarogya Tech, a health tech startup, has raised USD 1.8 million in a seed funding round led by Hasu P Shah (Hersha Hospitality Trust). The funds will be used for product development and talent acquisition. —VCCircle
  • Rupyz, a B2B e-commerce solutions provider, has raised USD 1.2 million in a seed funding round led by Merak Ventures. The round also saw participation from undisclosed angel investors. Rupyz aims to onboard over 3,000 businesses in the next 12–15 months and strengthen its core technological offerings. —VCCircle
  • Papa Pawsome, a pet care brand, has secured USD 400,000 in a seed funding round led by the Indian Angel Network (IAN). —VCCircle

Pyxis, Gaia EnviroTech, Reazon Holdings, and more led yesterday’s headlines:

  • Pyxis, a Singapore-headquartered maritime electrification startup, raised SGD 4.5 million in a seed funding round jointly led by Motion Ventures and Shift4Good. The oversubscribed round also saw participation from SEEDS Capital (Enterprise Singapore), MarImpact (Transport Capital), ShipsFocus, strategic marine operators as well as local firms including Tian San Shipping, Kim Ann Investments, and LCC Resources.
  • Gaia EnviroTech, a Victoria-based organic waste management and bioenergy company, received an AUD 4.3 million commitment from the decarbonization fund of RFC Ambrian Funds Management. This deal was closed at the end of January.
  • Reazon Holdings, a Tokyo-based IT company offering advertising, marketing, and food tech solutions, invested an undisclosed amount in VGrowth Development, the Vietnamese subsidiary of Validus Investment Holdings (Validus Group).

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