FINDIT

[Taiwan Startup Investments – Aug-Sept 2024] Notable Deals

2025/09/01

# Startup Investment

Lin, Yu-Hsun | Assistant Research Fellow/Research Division VI, Taiwan Institute of Economic Research

Taiwan’s early-stage investment market has long faced challenges due to limited information transparency. To address this issue, the FINDIT research team at the Taiwan Institute of Economic Research (TIER) has been actively collecting and consolidating data from various sources in recent years. The team publishes regular annual updates on funded startups in Taiwan and newly established early-stage investment funds on a regular basis. In addition, monthly updates are released to share the latest publicly sourced news on Taiwan's funded startups. Among the highlights from August to September 2024, the leading shared scooter brand WeMo Corp. (WeMo Scooter) stood out by securing the largest funding amount, completing a nearly NT$200 million Pre-B round.

PanelSemi Corporation Secures Strategic Investment

Source: Official Website of PanelSemi

Funding News

PanelSemi Corporation announced on July 2 that it had secured an investment from Japan’s NGK Insulators, Ltd. This investment marks a strategic partnership in which PanelSemi will leverage NGK’s advanced ceramic technologies and products to enhance the performance and reliability of its thin-film LED displays and hybrid substrates for semiconductor modules. In return, NGK will integrate PanelSemi’s thin-film transistor (TFT) circuit fabrication technology to expand the functionality and value of its ceramic products. The collaboration aims to accelerate the development of new technologies and products, creating greater value for both customers and investors.

Company and Product Overview

Established in 2021, PanelSemi Corporation drives cross-disciplinary innovation through open collaboration and strategic partnerships, laying the foundation for the panel semiconductor ecosystem. The company is dedicated to pioneering the application of its proprietary Hybrid Substrate in flexible AM LED, leading the advancement of third-generation display technology. Beyond displays, PanelSemi is extending this innovation into non-display fields, redefining the standards of heterogeneous integration. Ultimately, the company aims to become a key enabler of Semiconductors on Panel through its Panel Foundry model. PanelSemi began with high-performance AM mini LED solutions, featuring integrated software and hardware, including touch, camera, speaker, microphone, and more, to empower customers in exploring limitless innovation across a wide range of applications.

#Hardware #Optoelectronics

For the official website and related news, please refer to the links below:

*Official Website: https://panelsemi.com/

*Funding News: https://to.findit.org.tw/6atg9p

BB TRUCK INC. Completes Pre-A Funding Round

Source: Official Website of BB TRUCK

Funding News

BB TRUCK INC. announced on August 6 the completion of its Pre-A funding round, led by H2U Corporation, with investments from Taiwan Leap Venture and StarWorks Investment. Since its establishment, the company has raised over US$6 million (approximately NT$196 million) in total funding. The funds from this round will support the company’s expansion into global markets, with a particular focus on enhancing its presence in North America and extending its reach into Southeast Asia and other overseas regions. BB TRUCK also plans to strengthen product and technology development, as well as talent recruitment, continuing to drive supply chain logistics innovation through technology with the goal of building a global logistics technology ecosystem.

Company and Product Overview

Founded in 2019, BB TRUCK INC. is a global intelligent logistics management company that provides 5PL supply chain logistics solutions for B2B customers. The company offers a one-stop B2B logistics management platform, leveraging innovative technology to perform precise capacity calculations and dispatching, ensure transparency in transportation and capacity, and increase overall logistics efficiency. Since its founding, BB TRUCK has established a strong presence in the global supply chain, serving over 50 international enterprises across diverse industries, including technology manufacturing, e-commerce, healthcare, international logistics, and retail. Its clients include the world’s top three server providers, renowned automation and electronic equipment manufacturers, global tire industry giants, top ten international logistics brands, and Taiwan’s leading home delivery logistics company.

#SupplyChainLogistics #B2B

For the official website and related news, please refer to the links below:

*Official Website: https://bbtruck.cc/index_en.html

*Funding News: https://to.findit.org.tw/6atea9

Modernity Financial Technologies, Ltd. Completes B+ Funding Round

Source: Official Website of Modernity Financial

Funding News

Modernity Financial Technologies, Ltd. (MaiCoin) announced on August 6 the completion of its B+ funding round, with investors including Far EasTone Telecommunications, Union Group, and Pegatron Venture Capital. The company plans to use the funds to scale its business and drive stable revenue growth. MaiCoin aims to leverage its investors' resources to accelerate cross-industry collaboration, enhance brand awareness, and implement more blockchain technologies and cryptocurrency applications. Moving forward, MaiCoin plans to accelerate its IPO progress in Taiwan while placing greater emphasis on cross-industry collaborations and real-world blockchain applications, with the aim to integrate blockchain and cryptocurrency into the everyday life.

Company and Product Overview

Established in 2014, Modernity Financial Technologies, Ltd. (MaiCoin) is Taiwan's largest digital asset platform in terms of trading volume and the only leading company equipped with blockchain technology. As a pioneer in Taiwan's cryptocurrency industry, MaiCoin is dedicated to promoting the mainstream adoption of digital assets through blockchain technology and cryptocurrency applications, offering the public secure and diverse options. The company primarily provides services in digital asset trading, digital asset-related products, and enterprise blockchain solutions. Its services include the MaiCoin digital asset trading platform, the MAX digital asset exchange, AMIS digital asset custody, Qubic NFT integration services, and MaiCapital, a Hong Kong-based cryptocurrency hedge fund.

#FinancialService #Fintech #Blockchain #Cryptocurrency

For the official website and related news, please refer to the links below:

*Official Website: https://group.maicoin.com/

*Funding News: https://to.findit.org.tw/6atyrq

WeMo Corp. Completes Nearly NT$200 Million in Pre-B Funding Round

Source: Official Website of WeMo

Funding News

WeMo Corp. announced on August 26 the completion of its Pre-B funding round, raising nearly NT$200 million. The round was led by Taiwan Mobile, with investments from Cathay Venture, Alife, and a renowned family office. The funds will be used to expand WeMo’s presence in Taichung, Taiwan, and to launch the “WeMo Cross Island Mobility Plan”, which aims to extend service coverage to all five major cities in Taiwan, including 17 Taiwan Railway and High-Speed Rail stations for vehicle rental and return. This project serves to accelerate the adoption of shared electric vehicles and support the electrification of transportation.

Company and Product Overview

Founded in 2015, WeMo Corp. operates WeMo Scooter, a 24/7 shared electric scooter platform. With just a simple mobile app, users can easily access convenient, on-demand transportation. The company is committed to reshaping urban mobility by promoting a rental-based alternative to traditional vehicle ownership. WeMo Scooter delivers innovative urban mobility solutions that prioritize user needs, and create new value through Vehicle-to-Everything (V2X) integration. The company is committed to providing consumers and businesses with the safest riding experience, seamlessly integrating smart mobility into daily life, and fostering a better urban lifestyle.

#Transportation #MobileApps

For the official website and related news, please refer to the links below:

*Official Website: https://www.wemoscooter.com/

*Funding News: https://to.findit.org.tw/6llyls

DotDot Inc. (DotDot Global) Completes NT$140 Million in Series A Funding Round

Image Source: Official Website

Funding News

DotDot Inc. (DotDot Global) announced on September 26 the completion of its NT$140 million Series A funding round, led by AppWorks, with investments from Harbinger Venture Capital, a subsidiary of MiTAC-Synnex Group, as well as Foodland Ventures, AVA Angels, Cathay Venture, and CHAICO Investment. The funds will be used to accelerate the growth of its product Quickclick and to promote the company’s innovative payment platform, DDPay, with a particular focus on overseas markets. DotDot Global is currently expanding into key markets such as the Philippines, Indonesia, and Thailand.

Company and Product Overview

Founded in 2019, DotDot Inc. (DotDot Global) provides strategic solutions spanning the fields of catering tech, information technology, digital marketing, and local industry innovation. The company leverages innovative technology and information services to support business operations and marketing for small and medium-sized restaurants and retail stores, large chain brands, shopping districts, department store food courts, and campus restaurants. DotDot Global offers a comprehensive digital services, spanning online ordering system in-store internet infrastructure, payment aggregation, integrated systems for queue management, and diverse rewards platforms. It is also the only company in Taiwan offering one-stop digital solution tailored for the food and beverage industry.

In its initial phase, DotDot Global launched Quickclick, a fast online ordering and payment service built on top of the LINE platform, designed to help restaurant businesses with digital transformation. In 2022, the company collaborated with Taiwan Mobile's 5G network, POS system provider LaFresh Information, and Uber Eats to optimize order placement and POS processes for restaurant owners. In 2023, DotDot Global introduced DDPay, a one-stop payment solution that builds on its core order-processing capabilities and integrates cash, credit cards, and online payments to streamline restaurant operations. This innovation further improves workflows for restaurant operators. Since its establishment three years ago, DotDot Global has already served 15,000 restaurant businesses.

#CateringTech #MobileApps #InformationService