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Four out of the 17 are software development startups, but their combined funding totals just a little more than the sole data analytics startup.
Hong Kong has the strategic geographical position of being at the doorway to mainland China’s cast market and manufacturing base, and benefitting from straightforward regulations and a British-influenced legal system. Its startup ecosystem has been ranked 5th fastest growing startup market and 25th most important startup hub in the world, making it more attractive to investors, foreign or otherwise.
Also read: IoT is growing exponentially, and Asia Pacific takes top market share
We went to take one of our regular dives into the e27 database to get updated on what’s happening with Hong Kong’s startups. Here’s 17 that has been recently funded.
Software Development
Testin Technologies | US$30M
A QA platform offering testing services to small and large companies. The on-demand QA testing focuses on specific pain points in the app development process. Undisclosed Series C investors.
DotC | US$25M
A mobile application publisher focussing on communication and social media experience. Funded by Chengwei Capital.
Banuba | US$5M
Developer of augmented reality-enabled mobile applications, working with core technology based on artificial intelligence, computer vision, and machine learning. Funded by Larnabel Ventures and VP Capital
Inspectorio | US$3.5M
A supplier compliance verification platform using mobile technology to streamline quality inspection processes in global supply chain. Undisclosed Seed investors.
Also read: These 5 tech trends will dominate by 2020; Better capitalise now while you have time
eCommerce
Klook | US$30M
Online platform for curated travel experiences that allows local and foreign travellers to discover and book activities by contacting service providers directly through the mobile or web application. Funded by Sequoia Capital China.
italki | US$3M
A peer-to-peer marketplace and online language learning platform that allows language teachers to find students as well as manage schedules and handle payments. Funded by Baidu.
Goxip | US$1.6M
Mobile-first application for fashion discovery through image recognition, text search, or online trends. Funded by Ardent Capital.
Finance
Quantifeed | US$4.5M
Automated investment platform that allows banks, brokers, and wealth planners to provide wealth management solutions to users. Undisclosed Series A investors.
Airwallex | US$3M
A foreign exchange market and cross border company focussed on Asia Pacific markets. Funded by Gobi Partners
Inzurer | US$2M
Insurance comparison, advisory, and purchase platform using AI-powered underwriting and pricing. Undisclosed Seed investors.
IoT
Good Parent | US$2M
Wearables and mobile applications developer focussed on manufacture and distribution of health and wellness trackers for kids. Funded by Jungle Ventures.
Soundbrenner | US$1.5M
The first wearable smart device for musicians to assist in rhythm synchronisation. Undisclosed Venture round investors.
Also read: AI is the most important development in tech, and the deadline for adapting was yesterday
Logistics/Supply Chain
Lalamove | US$30M
On-demand intra-city delivery service connecting its users to a networks of thousands of professional, van, motorcycle, lorry, and truck drivers in Hong Kong, Singapore, Bangkok, Taipei and more. Funded by MindWorks Ventures.
GoGoVan | Undisclosed amount
On-demand delivery van reservation and renting service for short deliveries. Funded by Frontline Bioventures.
Data Analytics
App Annie | US$63M
Provides business intelligence solutions such as ranking, sales analytics, and advance market intelligence. It is a free app ranking database providing rankings for apps across different operating systems, countries, and categories. Funded by Sequoia Capital and Greycroft Partners.
BioTech
Prenetics | US$10M
A biotechnology company specialising in Pharmacogenomics, using its proprietary technology that enables physicians to identify the right drug and dosage and list potential adverse effects based on genetic profile. Funded by Ping An, 500 Startups, Capital Union Investments, Venturra Capital, and COENT Venture Partners.
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The post Of the 17 Hong Kong startups on this list, software development startups get funded more appeared first on e27.
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