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Deals in brief: Solar AI bags USD 1 5 million in seed round, Alva secures funds for Indonesia expansion, and more

Deals in brief: Solar AI bags USD 1 5 million in seed round, Alva secures funds for Indonesia expansion, and more
kr-asia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from kr-asia.com Daily Mail and Mail on Sunday newspapers.

David pardoCommunication engineering co ltdPartnership lp foxconn fundIndika energyEarth venture capitalUndivided venturesSparklabs taiwanPalm drive capitalHorizon venturesBrama oneCeltic house venture partnersUphonest capital

Indonesian EV maker ALVA raises $50m Series B led by Horizon Ventures

Parent firm Indika Energy, HH-CTBC Partnership L.P (Foxconn Co-GP Fund), and Brama One Ventures (a family office) also joined the round.

Jawa timurWest javaJawa baratJakarta rayaEnergi utamaWijaya karyaPurbaja pantjaIndonesia pt ilectra motor groupDjarum groupIndika energyPartnershiplp foxconn co gp fundMotor groupHorizon venturesBrama one venturesAlva oneBakrie group backed

Deflated Tom Group Mired In Losses 23 Years After Splashy Debut - Alibaba Gr Holding (NYSE:BABA), Alphabet (NASDAQ:GOOG)

Key Takeaways: •     Tom Group returned to the red in the first half of this year, after posting its first annual profit last year since 2018 •     The company earns most of its revenue from a Taiwan publishing unit, and also invests in tech companies By Edith Terry

Hong kongNew yorkUnited statesKen yeung kwokSolina chau hoi shuenLi ka shingDavid webbEdith terryHong kong stock exchangeCk hutchison holdingsPixnet digital media corpTom group doMedia holdingsHong kong monetary authorityTom group ltdAtom group

University of Glasgow spin-out Chemify raises £36m

A Scottish firm bidding to speed up development of new medicines has secured £36 million in funding.

United kingdomGlasgow citySteve hochbergAlister jackGeorge freemanDavid cleevelyLee croninResearch centreCronin digital chemistry laboratoryUniversity of glasgowChemify ltdDepartment for scienceTriatomic capitalHorizon venturesRocketship venturesPossible ventures

Scottish Company awarded £36 Million to advance Digitisation of Chemistry Labmate Online

Molecular design, discovery and chemical manufacturing technology company Chemify has announced funding of £36 million including a Series A led by Triatomic Capital, joined by new investors including Hong-Kong based Horizon Ventures, US-based Rocketship Ventures, Possible Ventures, Alix Ventures, Scotland-based Eos and the UK Government Innovation Accelerator program. Click to read more.

United kingdomGlasgow citySteve hochbergLee croninDavid cleevelyAlister jackResearch centreChemify ltdUniversity of glasgow augCronin digital chemistry laboratoryUniversity of glasgowTriatomic capitalHorizon venturesRocketship venturesPossible venturesAlix ventures