Funding Agreements: Gapai and Elevarm secure seed capital, Rize raises USD 14 million, nine funding agreements in China, and additional deals

In a series of recent developments, various startups and companies across the globe have secured significant funding to fuel their growth and innovation.

Gapai, an Indonesian startup, aims to address the issue of illegal trafficking against Indonesian migrant workers by facilitating safer cross-border job placements. The company plans to onboard 70,000 Indonesian workers and match them with 2,200 global job opportunities in 2024. Gapai recently secured USD 1 million in a seed funding round led by Wavemaker Partners, which will be used to strengthen its process for overseas placements and enhance its technology infrastructure.

In the realm of agriculture, Elevarm, an Indonesia-based agritech startup, has raised USD 2.6 million in a seed funding round led by Insignia Ventures Partners. The investment will support the scaling of Elevarm's production capacity for seedlings and organic fertilizers, as well as advance its R&D initiative, NextBio, to foster innovation of organic agricultural products.

i2Cool, a developer of electricity-free cooling technology, recently secured close to HKD 100 million (USD 12.8 million) in Series A financing. The funding will be instrumental in accelerating the company's growth and expanding its product offerings.

Runchise, an Indonesia-based restaurant management and culinary franchise company, bagged USD 1 million in a new funding round. The exact details of the investors involved are not publicly available.

MetroElectro, an Australian climate tech startup, has received AUD 1.03 million (USD 690,000) in pre-seed investment from Wavemaker Impact. The funding will help MetroElectro in its mission to develop advanced energy storage solutions.

Matrak, a Melbourne-based startup that focuses on streamlining supply chains for the construction sector, raised AUD 2.9 million (USD 1.9 million) in a Series A funding round. The investment will enable Matrak to expand its operations and enhance its technology offerings.

Sino Soar Hybrid, a Beijing-based provider of turnkey solutions for solar, hybrid, and off-grid projects, has announced the completion of a Series B funding round. The exact details of the investors involved are not publicly available.

Rize, a Singapore-based agritech platform, has completed its USD 14 million Series A funding round. The funding will be used to enhance Rize's technology stack, including its measuring, reporting, and verification (MRV) solution, and to support its expansion in Southeast Asia.

JHM Biopharma, a recombinant protein drug developer, has completed a Series B round of financing, raising RMB 100 million. The exact details of the investors involved are not publicly available.

Design Order, a Shanghai-based artificial intelligence technology company, banked nearly RMB 100 million in a Series A+ funding round. The investment will support Design Order's growth and development in the AI sector.

Carmery New Materials, a Huzhou-based developer of carbon-based materials for energy storage solutions, has secured RMB 100 million (USD 13.8 million) in an extended angel funding round.

TaiDoc Health, a platform for family medicine practitioners and medical service providers, has raised RMB 920 million (USD 127.3 million) in strategic funding. The exact details of the investors involved are not publicly available.

Lichoin Tech, a cybersecurity company, announced the completion of a pre-Series A funding round. The exact details of the investors involved are not publicly available.

Top Favor, a fashion brand, has completed its fourth round of financing. The exact details of the investors involved are not publicly available.

Lastly, Earth Venture Capital, a Vietnam-based climate tech investor, invested in Paris-based startup HyLight's recent funding round. The exact details of the investment amount are not publicly available.

These investments highlight a growing trend of global interest in innovative technologies and businesses, with a particular focus on sectors that address pressing global challenges such as climate change, food security, and cybersecurity.