BlueOrchard adds USD 5 million to PolicyStreet’s Series C round
PolicyStreet has secured an additional USD 5 million investment from BlueOrchard through the InsuResilience Investment Fund, bringing the Malaysian insurtech company’s Series C funding round to USD 26 million.
BlueOrchard, part of Schroders Group, joins PolicyStreet’s existing backers, including Khazanah Nasional, Cool Japan Fund, Altara Ventures, and Gobi Partners.
Founded in 2017, PolicyStreet provides digital insurance services to businesses and consumers across Asia and Australia. It works with more than 40 insurance and takaful, or Islamic insurance, providers, embedding coverage into the products and services of partner platforms. The company said it has served more than ten million customers, facilitated more than USD 10 billion in total insured value, and reached more than 50,000 small and medium enterprises directly and indirectly.
PolicyStreet will use the new capital to support regional growth, strengthen its technology, expand its embedded insurance partnerships, and develop products for underserved consumers and businesses. It aims to serve 1.5 million gig workers and 300,000 small businesses by 2030.
PixVerse extends Series C funding total to USD 439 million
PixVerse has completed an extension of its Series C round, bringing the round’s total to USD 439 million. The size of the extension was not disclosed.
New investors Alibaba, Lollapalooza Capital, Ivy Capital, Grand Mount Capital, Eastern Bell Capital, Mirae Asset, BlueFocus, and CloudAlpha participated alongside returning backers iGlobe Partners and LionX Ventures, which is backed by OCBC.
Founded in 2023, PixVerse operates a platform that enables users to generate videos from text prompts, photographs, and existing clips. It said the platform has more than 150 million users to date.
The financing comes as PixVerse expands beyond video generation into interactive games and live entertainment. Its planned game engine will use the company’s R1 real-time world model to generate environments that respond to player instructions in natural language. PixVerse is also developing live streaming tools that enable artificial intelligence-generated characters to respond to viewers in real time. The company said these products could reduce the technical work traditionally required for modeling, animation, sound design, and narrative scripting.
SimpleAI secures seed funding and USD 10 million acquisition facility
SimpleAI has announced a USD 5 million seed round and secured a separate USD 10 million debt facility to fund acquisitions across the Asia Pacific region. The Singapore-founded company said a lead investor committed to the seed round but did not disclose the investor’s identity or the provider of the debt facility.
Founded in 2023, SimpleAI develops AI agents that automate accounting, finance, and fund administration workflows.
SimpleAI will use the debt facility to acquire established accounting and fund administration businesses, primarily in Singapore and Australia, while also considering opportunities in Hong Kong and Mauritius. It is reportedly reviewing potential transactions worth more than USD 25 million.
Acquired firms will continue serving their existing clients under SimpleAI’s “partner-and-operator” model while integrating its technology and receiving operational support. The company is mainly targeting businesses with annual revenue of USD 500,000–5 million, although it may consider transactions involving companies with revenue exceeding USD 20 million.
PvX Partners provides Feenko with USD 30 million growth facility
PvX Partners has provided subscription management app Feenko with USD 30 million in non-dilutive user acquisition financing to support its international expansion.
PvX structures revolving credit facilities for consumer applications based on their user acquisition economics. Repayments are tied to the performance and cash generation of customer cohorts, enabling companies to increase marketing spending without issuing equity or relying on conventional venture debt structures.
Feenko analyzes bank transactions to automatically identify recurring payments. Its app gives users a central interface to monitor subscriptions and cancel unwanted charges as spending on subscription-based products and services grows.
The company will use the facility to acquire users and expand across key global markets. According to PvX, the structure will allow Feenko to scale its marketing expenditure in line with customer performance and direct more capital toward campaigns that generate profitable growth.
The transaction adds Feenko to PvX’s portfolio of consumer apps using revenue-linked financing as an alternative to equity funding.
Ant Group acquires over 28% stake in Boohee Health
Ant Group has completed a strategic investment in Boohee Health, acquiring a stake of more than 28% and becoming the Chinese health management company’s largest external shareholder. Financial terms were not disclosed. Boohee founder and CEO Ma Haihua will remain its largest overall shareholder.
Founded in 2008, Boohee provides weight management, nutritional guidance, and chronic disease prevention services.
Ant Group intends to integrate Boohee’s dietary knowledge and behavioral intervention capabilities into AQ, its health-focused application. AQ currently offers services including doctor recommendations, hospital appointment bookings, and online consultations.
The companies will initially focus on dietary tracking and weight management. They also plan to explore health-related e-commerce, joint AI model training, and other services intended to expand AQ from medical assistance into everyday health management.
Other deals completed in China:
- LimX Dynamics, a developer of humanoid robots, has raised nearly USD 200 million in a pre-IPO round. Investors include IDG Capital, Lens Technology, GGG Group, Redstone VC, WestSummit Capital, and Hefei Binhu Industry Development Group. Stone Venture made a follow-on investment, while existing backers Vitalbridge, Shenzhen Co-Stone Asset Management, Nanshan SEI Investment, Shang Qi Capital, and Nio Capital increased their commitments. LimX will use the funds to advance its integrated systems, deploy robots, and strengthen its manufacturing and delivery capabilities and global market presence. —36Kr
- Mova Linco, a Shenzhen-based AI hardware company, has raised an eight-figure RMB sum in an angel round. Investor details were not disclosed. The company is developing home AI infrastructure comprising voice-enabled routers, network-attached storage devices, and computing boxes that combine connectivity, storage, and local processing. It will use the funds for R&D, production, global channel development, and ecosystem expansion. —36Kr
- ZeroErr, a Shenzhen-based developer of high-precision robotic joints and other core components, has raised a nine-figure RMB sum in a Series C++ round. Cowin Capital led the round, with participation from Guotai Junan Innovation Investment and existing investor Tsinghua Holdings Capital. The company will use the funds to expand its production capacity and global market presence. —36Kr
- NNB Nutrition, a Nanjing-based developer of dietary supplement ingredients, has raised nearly RMB 200 million (USD 29.5 million) in a Series C+ round. China Life Private Equity Investment led the round, with participation from existing investor MX Capital. The company will use the funds for product R&D and the construction of a new manufacturing facility. —36Kr
- Tashan Technology, a Beijing-based developer of AI-powered tactile perception technology, has raised a nine-figure RMB sum in a Series B round. Investors include Joyson Electronics, Taiping Innovation, AUX Group, Pengling, Lavender Hill Capital Partners, and Hongshan Innovation Capital. Existing investors Dowstone and BeFor Capital also made follow-on investments. The company will use the funds to upgrade its tactile sensors and chips, deploy application-specific solutions, and build a tactile data and training platform for robotics. —36Kr
- DeepCtrls, a physical AI company serving the electromechanical and energy infrastructure sectors, has raised a nine-figure RMB sum in a Series B round. SDIC Fund and CMB International jointly led the round, while JinkoSolar made a strategic investment. Existing investors HSG, Source Code Capital, Forebright Capital, and China Merchants Venture also participated. DeepCtrls will use the funds for R&D, the broader deployment of its standardized DeepBot product, and international expansion. —36Kr
- Thinkhead M&E, a Shanghai-based manufacturer of high-end machine tools, has raised a nine-figure RMB sum in a new round led by Wuliangye Fund, with participation from Megmeet. The company produces precision gear-grinding machines, grinders, and milling machines for industries including automotive manufacturing, robotics, aerospace, and precision reducers. It will use the funds for product R&D, the commercialization of new products, and expansion into overseas markets. —36Kr
- Snapmaker, a consumer 3D printer manufacturer, has raised RMB 1 billion (USD 147.3 million) in a round led by Cathay Capital, with TAL Education making a strategic follow-on investment. Existing shareholders Meituan, DragonBall Capital, GL Ventures, and Shunwei Capital also increased their commitments. Snapmaker did not disclose how it would allocate the proceeds. Its current priorities include expanding its library of printable models and applying AI tools to make 3D design and creation more accessible. —36Kr
- MindRank, an AI-native biopharmaceutical company, has raised USD 52 million in a Series B round. Investor details were not disclosed, although the company said the round involved major RMB- and USD-denominated funds. MindRank will use the funds to upgrade its platform, enhance its multi-agent and clinical data feedback systems, advance oral GLP-1 drug candidate MDR-001 through Phase 3 trials and commercialization, and expand its pipeline of differentiated drug candidates. —36Kr
- Xingji Yuandian, a Shanghai-based provider of space-computing satellite systems, has completed seed and angel rounds totaling an eight-figure RMB sum. Unity Ventures backed the seed round. The angel round was jointly led by Unity Ventures, Plum Ventures, and a fund under Shanghai State-owned Capital Investment, with Shanghai Angel Group participating through a co-investment arrangement. The company did not disclose a detailed allocation of the proceeds. It is developing low-Earth-orbit satellites designed to host computing payloads and support a future orbital data center. —36Kr
Amity Robotics, Acti, Qashier, and others made recent headlines:
- Amity Robotics, a Thailand-based company, raised USD 7 million in seed funding through a mix of equity and debt financing. East Ventures led the equity round, with participation from 500 Global, while AlteriQ Global led the debt facility.
- Acti, a Singapore-based AI startup founded by former Baidu executives, raised USD 5.3 million in a seed round led by Bitkraft Ventures.
- Qashier, a Singapore-based fintech company, raised USD 6.125 million in a Series A+ round comprising equity and debt financing. The round was led by Cocoon Capital, IFP Securities, and BlackSoil Global, with participation from angel investors.
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Note: RMB figures are converted to USD at rates of RMB 6.79 = USD 1 based on estimates as of July 14, 2026, unless otherwise stated. USD conversions are presented for ease of reference and may not fully match prevailing exchange rates.