The Series B round was co-led by venture capital (VC) firms, Lion X Ventures and Vickers Venture Partners. Other key investors include Advanced MedTech and US-based healthcare VC fund Eckuity Capital, which is also an investment office with multibillion dollar assets under management (AUM) in the healthcare sector.
Medical technology (MedTech) company, Awak Technologies, has successfully raised over US$20 million ($27.2 million) in its Series B funding.
The close marks one of the most substantial MedTech fundraising events in Singapore in 2023. It is also one of the biggest fundraising series in Southeast Asia this year.
