Tevo secures USD 10 million in non-dilutive user acquisition financing
Tevo, a Vietnam-based company, has secured USD 10 million in non-dilutive user acquisition financing from Singapore-based PvX Partners. The facility will be used to scale user acquisition across Tevo’s portfolio without requiring the company to issue equity.
Tevo operates around 45 consumer and artificial intelligence apps spanning work utilities, education, and entertainment. The financing will support expansion in priority markets, increased marketing spending on user cohorts that have demonstrated product-market fit, and further investment in AI-native product features.
Founder and CEO Thanh Luu said the facility gives Tevo additional capital to scale products that are already working while preserving ownership.
N&E Innovations raises around USD 1.7 million in Series A funding
N&E Innovations, a Singapore-based biotech company, has raised approximately USD 1.7 million in a Series A funding round led by Australian agrifood investor Tundra Capital. SGInnovate, Radical Fund, Archipelago VC, and SG7 Group also participated, alongside existing backers Cercano, Seeds Capital, Elev8 Capital, and Qian Hu Corporation.
Founded in 2020 by biomedical scientist Didi Gan, N&E develops Vikang99, an edible antimicrobial ingredient derived from upcycled agricultural byproducts such as discarded cashew nut husks. The company said the ingredient can slow bacterial and mold growth, extending the shelf life of fresh produce by up to four times.
N&E uses the ingredient in antimicrobial food packaging, plant-based cleaning products, and post-harvest treatments. Its customers include Singapore Airlines and supermarket chain Sheng Siong.
The proceeds will support expansion across these three application areas, as well as regulatory programs, international market entry, and team growth.
Lightsage raises USD 4 million to build growth infrastructure for AI agents
Lightsage, a Singapore-founded startup, has raised USD 4 million in a round led by Nexus Venture Partners to develop what it calls an “agent-led growth” platform that helps software companies understand how AI agents discover, evaluate, and use their products.
Co-founded by Singaporeans Jun Liang Lee and Sean Er, who serve as CEO and CTO, respectively, Lightsage evaluates how software performs across interfaces used by AI agents, including APIs, software development kits, command-line interfaces, MCP servers, and agent skills. It also analyzes agent traffic to identify where agents encounter problems and whether their interactions lead to product usage.
The company will use the funding to expand its agent evaluation, analytics, attribution, and optimization capabilities, as well as grow its technical and commercial teams. It plans to move beyond developer tools as AI agents increasingly interact directly with other types of B2B software, infrastructure, and payment products.
Recent deals completed in China:
- Liangyu Xinchuang, a Hangzhou-based developer of low-temperature control infrastructure for quantum computing, has raised an eight-figure RMB sum in an angel round led by Jolmo Capital. Hangzhou Hi-tech Innovation Group, Ofound Angel, Guoxin Tonglian, Hainan Gaodi, and other investors participated. The company will use the funds to develop and refine its high-cooling-capacity dilution refrigerator, cryogenic control chips, and flexible cryogenic ribbon cables. —36Kr
- Shakespeare, a Hangzhou-based smart jewelry company, has raised an eight-figure RMB sum from Jixuan Intelligence, a company in the Honor AI Connect ecosystem, and jewelry service provider Ruiyu Holdings. The capital will support algorithm development, a multimodal emotional interaction model, R&D for new jewelry categories, and global channel expansion. Its first product, an AI-enabled ring designed for health monitoring and emotional companionship, went on sale in China in April. —36Kr
- StarDetect, a space computing company, has completed consecutive Series A+ and A++ rounds, raising in total a nine-figure RMB sum. BCT Capital, Meridian Capital, Shang Capital, Xin Ding Capital, and other investors participated, while existing backers Wuxi Capital Group and Hopetain Capital reinvested. The company develops onboard computing technology for satellites. —36Kr
- Xingyi Xinneng Technology, a Shanghai-based space photovoltaic company, has completed a pre-Series A round. Drinda, Shanghai Engine Fund, Linchuang Lanwan, Nanxun Luyao, and an investor from the semiconductor industry participated, while existing shareholder SG Laser reinvested. The company will use the capital for technology development, space environment testing, and in-orbit satellite validation of its perovskite photovoltaic cells and flexible substrate materials. —36Kr
- Veqton, an trapped-ion quantum computing company, has secured more than RMB 100 million (USD 14.9 million) in a pre-Series A round led by JZ Capital, with Zhengxuan Investment and Hanhui Capital participating. Founded in February, Veqton is developing glass-based quantum charge-coupled device technology, quantum computing systems, computing services, and application solutions. It will use the funds to expand its production line and build complete systems. —36Kr
- IPTAG, a Chengdu-based collectible and trading card brand, has raised an eight-figure RMB sum from a fund managed by Orinno Capital. Founded in August 2025, IPTAG develops physical collectibles that use near-field communication technology to trigger AI-powered conversations, audio, and augmented-reality experiences. The company will use the proceeds for AI R&D, IP partnerships, product upgrades, and channel and supply chain development. —36Kr
- Leim Technology, a Hangzhou-based embodied intelligence company, has raised an eight-figure RMB sum in an angel round co-led by Trends Media Group and Hongyi Asset Management. Founded in January 2025, the company develops Bibo, a nonverbal emotional robot that uses multimodal sensors and an internally developed emotional intelligence system to respond to users. —36Kr
- Inmo, a smart glasses maker, has completed a Series C3 round led by a Sichuan science and technology innovation fund, with Jingan Capital, Shibei Hi-tech Park, Guangzhou Industrial Investment and Capital Operation Holding Group, Sichuan Zhongshi, Meishan Zhongshi, and Dongpo State-owned Capital Investment and Operation Group participating. Together with its Series C1 and C2 rounds completed earlier this year, Inmo’s Series C financing totals nearly RMB 1 billion (USD 148.7 million). The company will invest in new spatial computing hardware, its AI operating system, brand building, and sales channels. It has also begun preparations for a public listing. —36Kr
Hivebotics, NanoSkunkWorkX, Laters, and others made recent headlines:
- Hivebotics, a Singapore-based robotics company, raised USD 6 million in a Series A round led by Vertex Ventures Southeast Asia & India. Fareast Land Development, part of Farglory Group, and restroom product manufacturer Rigel also participated.
- NanoSkunkWorkX, a Malaysian deep tech startup developing thin-film interfaces for advanced electronics and other applications, raised USD 2 million in a seed round led by Tin Men Capital.
- Laters.com, a Singapore-based online travel agency, raised USD 1.5 million in a seed round led by XBO Ventures, the investment arm of digital asset platform XBO.com. Operators from the payments, fintech, and enterprise technology sectors also participated as angel investors in their personal capacities.
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Note: RMB figures are converted to USD at rates of RMB 6.73 = USD 1 based on estimates as of September 15, 2026, unless otherwise stated. USD conversions are approximate and, where appropriate, rounded for ease of reference. They may not fully match prevailing exchange rates.