INFOGRAPHIC: Top Asian Startup Funding—Week 47, 2025

Going from about US$109 million to US$269 million in one week is a huge leap, but what really stands out is where the money is coming from. China dominated the previous week, yet this time it’s almost missing, and the total is still more than doubled. That shift says a lot about how capital is moving across Asia right now, with investors spreading out into markets that are building real infrastructure rather than chasing short-term hype.

Japan showed that clearly. SmartHR brought in a $96 million strategic investment from General Atlantic, which picked up shares from Coral Capital. Coral is staying on board, and both firms are backing SmartHR’s push to modernize HR systems in a country where digitizing workforces is becoming urgent.

Singapore added to that picture with Amperesand’s $80 million Series A round co-led by Walden Catalyst Ventures and Temasek, backed by a strong lineup of deep-tech investors. The company is channeling the new capital into power infrastructure technology, a priority that’s rising quickly as Southeast Asia works toward long-term energy resilience.

India followed with a busy mix of fintech and logistics activity that kept the regional momentum going. Yubi secured the equivalent of $46.4 million through long-term debt from EvolutionX Debt Capital and fresh equity from its own CEO, supporting expansion into Southeast Asia and the US. In logistics, Pidge raised $13.6 million in a round led by Spain’s LVEC to push its global ambitions while deepening its presence in India’s Tier II and III cities. Agraga added another piece to the puzzle with an $11.3 million pre-Series B round led by IvyCap Ventures to grow its footprint, upgrade its tech, and strengthen its end-to-end logistics offering.

South Korea, meanwhile, delivered a different kind of signal. Bone AI raised $12 million to scale its AI-powered robotics for the defense sector, a space attracting more attention as regional security needs evolve.

And across Southeast Asia, two smaller rounds still stood out. Malaysia’s FeedMe secured $5 million from Integra Partners and Cento Ventures to expand into Thailand and build out its AI-driven restaurant tools and financial services. Synthio Labs closed a $5 million seed round led by Elevation Capital with support from 1984 Ventures, Peak XV Partners, Y Combinator, and several healthcare angels to advance its clinical-grade voice AI for life sciences.

If anything, this week hints at what Asia’s funding landscape could look like in the months ahead. The capital is still there, but it’s becoming more selective in chasing infrastructure, deep tech, and strategic expansion instead of easy momentum. With Japan, Singapore, India, South Korea, and Southeast Asia all contributing in different ways, the region’s growth story is becoming more distributed. And maybe that’s the real takeaway: the next big shifts may come from places investors weren’t watching closely before.