Aevice Health raises USD 7 million in seed plus round

Aevice Health, a Singapore-based medtech firm, has raised USD 7 million in a seed plus funding round led by Coronet Ventures, the venture unit of Cedars-Sinai Intellectual Property (CSIP). East Ventures and Seeds Capital (SG Growth Capital) also participated.

Known for its wearable devices that monitor respiratory conditions, Aevice Health will use the fresh funds to enhance product development and expand its operations in the US, Japan, and Singapore.

According to The Business Times, Aevice Health recently obtained approvals for its AeviceMD wearable stethoscope in the US and Singapore. In May, the company partnered with Japanese medical equipment manufacturer A&D, receiving a USD 1 million investment as part of that deal.

Reforged Labs secures USD 3.9 million in seed funding

Reforged Labs, a startup focused on AI-driven solutions for video ad creation in the gaming industry, has secured USD 3.9 million in a seed funding round.

The round was led by global venture capital firm DCM, with participation from Y Combinator, Epakon Capital, Goodwater Capital, Phoenix Fund, Asymmetry Ventures, and several angel investors, including executives from Niantic and Pocket Gems, and the founders behind King and Sky Mavis.

The funds will be used to further develop Reforged Labs’ AI platform, which streamlines the creation and optimization of video ads, reducing the time and resources required for game developers to produce high-quality ads. The company said it has already piloted its platform with a dozen partners, showing promising results in improving ad performance metrics.

Singapore-based Skuad acquired by Payoneer for up to USD 81 million

Skuad, a Singapore-based HR and payroll solutions provider, has been acquired by fintech company Payoneer for USD 61 million in cash, with the potential for an additional USD 10 mi...