Singapore-based SynaXG raises over USD 20 million in inaugural round
SynaXG Technologies, a deep tech company building wireless infrastructure for the artificial intelligence era, has raised over USD 20 million in its inaugural funding round. The round was jointly led by January Capital, Vertex Ventures, and Qualgro.
Founded by CEO Xin Huang, SynaXG develops AI-native software and physical infrastructure to support next-generation wireless networks. The company works with global partners, including chipmakers, network equipment providers, and telecom operators. According to SynaXG, demand is increasing as AI-powered applications such as robotics require real-time adaptability and stable connectivity.
The capital will help accelerate the company’s product development, expand its engineering teams, and deepen collaborations with operators and enterprise partners globally. SynaXG is also preparing for a Series A round to support upcoming commercial rollouts and broader adoption of AI-native radio access network systems across international markets.
CapitaLand acquires LXA Capital to scale residential mortgage business
LXA Capital, a residential mortgage investment company, has been acquired by CapitaLand Investment (CLI), marking a step in CLI’s effort to institutionalize residential mortgages as an asset class across Asia. The transaction terms were not disclosed.
In a statement shared on social media announcing the acquisition, LXA said joining CLI will allow it to pursue its strategy on a larger platform and create new synergies for investors.
Founded to build institutional-grade mortgage investment capabilities in the region, LXA added that the acquisition strengthens its ability to deliver value through expanded resources, broader market access, and integration with CLI’s global real assets ecosystem.
Recent deals completed in China:
- Seno, a material tech company developing ultra thin film delivery systems, has raised USD 700,000 in a pre-seed round. The investor details were not disclosed. Seno is engineering a modular dissolvable film platform intended for future applications in consumer products, wellness, and functional films. The capital will support its R&D expansion, formulation and stability testing, quality and safety system upgrades, and early technical validation as the company prepares for upcoming international evaluations. Seno operates in the US and across Asia.
- Anywit Robotics, a maker of head-and-face robot components, has raised an eight-figure RMB sum in a pre-Series A round from several industry investors, including Didi’s corporate venture capital arm. The capital will support refinements to its standardized expressive head products and upgrades to its emotional interaction models. Winsoul Capital, the lead investor in Anywit’s angel round, served as the financial advisor. —36Kr
- Borland, a jeweler known for filigree inlay and ancient gold craftsmanship, has raised RMB 100 million (USD 14 million) in a Series A round. The round was led by Challenjers with participation from Kering and Shunwei Capital. The company plans to use the funds to strengthen its branding, expand omnichannel retail operations, upgrade its supply chain capabilities, and invest in talent development. —36Kr
- Beanstar Coffee, a chain coffee franchise brand, has secured an eight-figure RMB sum in a Series B round led by a Suzhou municipal government-managed fund. The company said the capital will support the expansion of its offline stores and branding efforts. Beanstar previously raised angel funding from Shunwei Capital in 2022, followed by a Series A round in 2024 led by Zhengxuan Capital, with Shunwei Capital participating again. —36Kr
- Ruiyun Cold Chain, a logistics platform, has raised nearly RMB 100 million in a Series A+ round led by Guangzhou Industrial Investment and Capital Operation Holding Group. Founded in 2020, the company provides end-to-end cold chain logistics services supported by digital infrastructure, combining a nationwide offline network with an online freight capacity platform. The new capital will be used to strengthen its digital capabilities and advance its international expansion plans. —36Kr
Roojai, Cove, Amperesand, and more made recent headlines:
- Roojai, a digital insurer in Thailand, raised USD 60 million in a Series C round. The investment was co-led by funds under Apis Partners Growth and Asia Partners, with participation from existing shareholders HDI International, Primary Group, and the International Finance Corporation.
- Cove, a co-living solutions provider, is set to acquire Casa Mia Coliving, a Singapore-based operator with about 500 furnished rooms in central districts. The deal expands Cove’s total inventory to more than 2,000 rooms in Singapore and 8,000 rooms across the Asia Pacific.
- Amperesand, a power infrastructure company serving artificial intelligence data centers and other critical power applications, raised USD 80 million in a Series A round co-led by Walden Catalyst Ventures and Temasek, with participation from Industry Ventures, Acclimate Ventures, SG Growth Capital, and existing backers including Xora Innovation, Material Impact, TDK Ventures, and Foothill Ventures.
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