Research

[Taiwan Startup Investments –Mar-Apr 2025] Notable Deals

Lin, Yu-Hsun | Assistant Research Fellow/Research Division VI, Taiwan Institute of Economic Research
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Taiwan’s early-stage investment market has long faced challenges due to limited information transparency. To address this issue, FINDIT Research Team at the Taiwan Institute of Economic Research has collected and consolidated investment data from multiple sources in recent years. In addition to publishing annual overviews of startup funding activity and tracking new early-stage capital inflows, the team also provides monthly updates on recently disclosed funding deals compiled from public sources. Among the startup investment deals recorded for March-April 2025, GRAID Technology Inc., a company specializing in high-performance data protection, reported the largest fundraising amount, completing a Series B round totaling NT$980 million.

H2 Inc. Completes Approximately NT$660 Million Series C Round

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Source: Official Website of H2

Funding News

H2 Inc. announced on March 5 the completion of a Series C round exceeding US$20 million (approximately NT$660 million). The round was led by Taiwania Capital’s Buffalo Fund III Bioventures, with participation from Wistron, Pegatron, BE Health (THT Ventures), ABIES Capital, and Cathay Venture. The proceeds will support the company’s global expansion strategy, including entering new markets and strengthening its position within them, developing new digital disease management programs, and preparing for an IPO in Taiwan.

Company and Product Overview

Established in 2013, H2 Inc. launched the diabetes management app Health2Sync, which has since developed into one of the largest diabetes management platforms in Asia by scale. Through user-friendly digital tools, Health2Sync integrates mobile devices, digital therapeutics, and cloud-based services to support the daily health management of individuals living with chronic conditions. 

Health2Sync has established partnerships with Abbott’s continuous glucose monitoring (CGM) systems and Sanofi’s SoloSmart™ smart insulin pen cap. The platform currently serves 1.48 million registered users across Taiwan, Japan, South Korea, the United States, the Middle East, Hong Kong, and Malaysia. In addition, Insultrate, a software solution developed by Health2Sync to assist patients in optimizing insulin dosing and achieving more precise glycemic control, has received Class II medical device approval from the Taiwan Food and Drug Administration. This milestone positions Insultrate as Taiwan’s first officially approved digital therapeutic.

 

#Healthcare #App #DiabetesCare

For the official website and related news, please refer to the links below:
*Official Website: https://www.health2sync.com/tw 
*Funding News: https://to.findit.org.tw/78msll 

GRAID Technology Inc. Completes Approximately NT$980 Million Series B Round

圖片Source: Official Website of GRAID Technology

Funding News

GRAID Technology Inc. announced on March 6 the completion of a US$30 million (approximately NT$980 million) Series B round. The round was co-led by the HH-CTBC Partnership, a joint fund established by Foxconn and CTBC, and Yuanta Venture Capital, with participation from Delta Electronics Capital, Harbinger Venture Capital, and existing Series A investors. The proceeds will support global market expansion, accelerate product development and technological innovation, and expand the company’s strategic partnerships. GRAID also plans to pursue a Taiwan IPO later this year. The Series B round follows the company’s US$15 million (approximately NT$450 million) Series A financing completed in 2022 and represents its final funding round prior to the planned IPO.

Company and Product Overview

Established in 2020, GRAID Technology Inc. specializes in high-performance data protection technologies. The company is headquartered in Silicon Valley in the United States and operates an R&D center in Taiwan.

GRAID focuses on the design and development of innovative, integrated hardware-software solutions, particularly NVMe SSD RAID controllers, with the ambition of becoming a global market leader in this segment. Its flagship product, SupremeRAID™, is a RAID controller that integrates hardware and software technologies. On the hardware side, the company utilizes GPUs with higher computational performance as the processing engine of its controllers. On the software side, it employs its self-developed and patented Software Defined Storage (SDS) technology. GRAID primarily operates under a B2B model, supplying RAID controllers to server manufacturers for integration into enterprise systems.

 

#Software #Hardware #HighPerformanceDataProtection

For the official website and related news, please refer to the links below:
*Official Website: https://www.graidtech.com/ 
*Funding News: https://to.findit.org.tw/78xcyu 
 

Crave Robotics Inc. Completes US$2 Million Seed Round

圖片Source: Official Website of Crave Robotics

Funding News

Crave Robotics Inc. announced on March 11 the completion of a US$2 million Seed round (approximately NT$65.78 million). Investors include SparkLabs Taiwan, 500 Global (U.S.), Onus Global Fulfillment Solutions (U.S.), and Sanpu Travel (Japan). The company plans to use the proceeds to launch beta test sites and accelerate the expansion of its product, CraveBot, into the U.S. hotel and university markets. 

CraveBot reflects a broader trend toward greater convenience in food access. The U.S. market is increasingly adopting hot-food vending machines capable of delivering high-quality meals in under three minutes. Whether for business professionals seeking breakfast before morning meetings or customers in need of a hot meal late at night, convenience and speed are key factors driving the transformation of this market.

Company and Product Overview

Established in 2024, Crave Robotics Inc. provides hot-food vending solutions designed to deliver ready-to-eat meals within three minutes. Its hot-food vending machine, CraveBot, offers an integrated solution supplying breakfast items, snacks, desserts, and full meals around the clock. Food items are stored in frozen form within the machine and replenished through the company’s cold-chain logistics network. The latest generation of CraveBot emphasizes 24/7 hot-food availability, targeting the hotel and university markets. In hotels, guests can access delicious meals without leaving the premises. In universities, the system addresses student demand for convenient and nutritionally balanced meal options, particularly during late-night hours or when campus dining facilities are closed.

 

#VendingMachine #FoodAndBeverage #SmartVendingMeals

For the official website and related news, please refer to the links below:
*Official Website: https://www.craverobotics.co/ 
*Funding News: https://to.findit.org.tw/79vrra 

 

Bytelingo Co., Ltd. Completes NT$10 Million Angel Round

圖片Source: Official Website of Bytelingo

Funding News

Bytelingo Co., Ltd. announced on March 13 the completion of a NT$10 million Angel round. The proceeds will be allocated to expanding its engineering team, supporting platform operations and maintenance, and advancing the development of enhanced AI modules. The company also plans to further strengthen platform stability and system responsiveness while introducing additional AI features. Looking ahead, Bytelingo intends to plan for a Pre-A round in 2025. Once its  market share exceeds 40% in Taiwan, the company will implement a more defined international expansion strategy.

Company and Product Overview

Established in 2022, Bytelingo Co., Ltd. is led by a core team with expertise spanning AI algorithm development, finance, and the translation industry. The company’s CEO, Ringo Chang, leads software development. Its flagship product is a multilingual AI enterprise knowledge management platform that integrates AI translation models and applies retrieval-augmented generation (RAG) to incorporate enterprise-specific data into the AI reasoning process. This approach enhances the system’s ability to recognize specialized terminology and addresses a common challenge faced by publicly listed companies: the time-consuming and costly outsourcing of English translations for financial and sustainability reports. 

In addition to providing customized and precise translation services for professional documents, Bytelingo offers a SaaS-based solution that enables clients to upload documents directly to its platform and develop generative AI-based chatbots. These tools support enterprises in their overseas sales and service operations.

Although established only two years ago, Bytelingo has already served more than 100 publicly listed companies across sectors including finance, semiconductors, biotechnology, and electronics. The platform also supports the generation of multilingual press releases and website content. Looking ahead to 2025, the company expects its client base to exceed 200 companies, with revenue projected to double.


#AI #SaaS #Translation #FinancialReports

For the official website and related news, please refer to the links below:
*Official Website: https://bytelingo.co/en   
*Funding News: https://to.findit.org.tw/7gldkf 
 

Valiant Technologies Co., Ltd. Completes US$2 Million Pre-Seed Round

圖片Source: Official Website of Valiant Technologies

Funding News

Valiant Technologies Co., Ltd. (Valtec) announced on March 20 that it had completed a US$2 million Pre-Seed round (approximately NT$60 million). Investors include SparkLabs Taiwan; DRONE FUND, a Japan-based venture capital firm specializing in the drone industry; and several angel investors, including Kai Huang, founder of the bestselling video game Guitar Hero, and Kevin Lin, co-founder of Twitch. The proceeds will be used to accelerate product development and expand market presence, with the objective of promoting more sustainable and efficient commercial fishing practices. The company is also preparing for its upcoming Seed round.

Company and Product Overview

Established in 2024, Valiant Technologies Co., Ltd. (Valtec) is an AI-powered drone technology company serving the commercial fishing industry, particularly in the precise detection of high-value species such as tuna. By integrating AI systems with multiple sensing technologies, including bird radar, sonar, satellite data, and drone imagery, Valtec enhances the operational efficiency and sustainability of purse-seine tuna fishing. The company replaces expensive and high-risk helicopter operations with a multi-drone AI system, enabling fishers to more effectively identify fish schools and estimate their size and tonnage. This approach helps address gaps in experience transfer within the industry.

 

#AI #Drones #Fisheries

For the official website and related news, please refer to the links below:
*Official Website: https://valtec.ai/
*Funding News: https://to.findit.org.tw/7bflss
 

Hunger Co., Ltd. Completes Pre-A Round Exceeding US$1 Million

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Source: Official Website of Hunger

Funding News

Hunger Co., Ltd. announced on April 15 the completion of a Pre-A round exceeding US$1 million. The round was led by President International Development, with participation from Shin Kong Mitsukoshi, B Current Impact Investment, Sustainable Impact Capital (SIC), and U.S.-based accelerator 500 Global. The proceeds will be used to strengthen the company’s presence in the Taiwan market, enhance product functionality, and initiate validation of its business model in overseas markets. Japan and Thailand have been identified as priority overseas markets, given the widespread adoption of the LINE messaging platform in both countries. 

Looking ahead, Hunger plans to further apply AI technologies to enhance service workflows across the pre-service, in-service, and post-service stages of the beauty services industry. Planned initiatives include optimizing internal customer support processes, producing instructional materials, and developing AI-powered customer service chatbots.
 

Company and Product Overview 

Established in 2020, Hunger Co., Ltd. develops HOTCAKE, a SaaS-based reservation and business management system tailored to the beauty services industry. The platform centers on five core functions: appointment management, automated customer notifications, deposit and payment processing, customer relationship management, and operational data feedback. Together, these features enable businesses to manage reservations, billing, and member remarketing through a mobile application, thereby reducing the administrative burden of day-to-day operations. In 2024 alone, Hunger expanded by 1,000 new users through word-of-mouth referrals and has accumulated more than 3,000 paying brand users to date.

 

#SaaS #Software #AI

For the official website and related news, please refer to the links below:
*Official Website: https://hotcake.app/ 
*Funding News: https://to.findit.org.tw/7f9kaw

 

Aiseed Inc. Completes Pre-A Round Exceeding NT$100 Million

圖片Source: Official Website of Aiseed

Funding News

Aiseed Inc. announced on April 21 the completion of a Pre-A round exceeding NT$100 million. The round was led by SparkLabs Taiwan, which has supported the company since the seed stage, with strategic participation from electronics manufacturing services leader Pegatron. SparkLabs Taiwan contributes access to an international startup network and global market opportunities, while Pegatron operates compliant manufacturing facilities in North America that meet U.S. defense and public safety procurement requirements for domestic production. These resources are expected to support Aiseed’s advancement toward scaled production of its high-performance drone systems, often regarded as flying computers.

The proceeds will be allocated to the development of next-generation AI flight control chips and avionics systems, global certification, and mass production. The company also plans to establish a U.S. office to engage potential clients, including the Defense Innovation Unit (DIU) and the American Institute in Taiwan (AIT).

Company and Product Overview

Established in 2019, Aiseed Inc. was co-founded by Joe Wang and Monica Lee, both formerly engineers at Google, Motorola, and Wistron. The company focuses on integrating edge AI technologies with high-speed VTOL (vertical takeoff and landing) drones. Aiseed’s flagship drone platform has a top speed of 160 km/h and supports autonomous navigation, target recognition, and precision return-to-home functions through onboard AI systems, including operation in GPS-denied environments. Its AI-powered surveillance drone consumes approximately 2% of the power required by comparable systems while achieving nearly a 100-fold increase in data processing speed. The platform has passed Taiwan’s first military-grade cybersecurity certification standards and has been procured by the Ministry of National Defense.

Aiseed adopts a hybrid business model combining one-time hardware sales with SaaS subscriptions. In addition to military-grade reconnaissance, the company also targets applications in disaster prevention, infrastructure inspection, and logistics. It has also entered overseas markets, including Japan and Brazil. As the United States advances its de-risking policy and demand from allied countries continues to rise, Aiseed plans to leverage Pegatron’s manufacturing and supply chain capabilities to establish localized production and maintenance training centers in the United States in 2025, further expanding the international reach of Taiwan’s drone technologies.

 

#Drones #AI #EdgeComputing #DefenseTech #Hardware

For the official website and related news, please refer to the links below:
*Official Website: https://www.aiseedtech.com
*Funding News: https://to.findit.org.tw/7gc8uu

 

Juan Yuan Limited NT$75 Million Funding Round 

圖片Source: Official Website of Juan Yuan

Funding News

Juan Yuan Limited announced on April 29 the completion of a NT$75 million funding round. The round was led by Chailease Holding’s health care-focused investment arm, Chaico Biomedical, with participation from Feng Pao Asset Management and Teng Jui Capital. The proceeds will be allocated across three strategic priorities: brand development, channel expansion, and international market growth. These initiatives aim to strengthen the company’s operational foundation, accelerate market penetration, and support its transition into a comprehensive health and nutrition brand, while further enhancing brand positioning and overseas presence. 

In parallel, the company will upgrade its corporate governance framework to support scaling and align with capital market requirements. Looking ahead, Juan Yuan plans to further strengthen its multi-brand portfolio and expand globally. By leveraging proprietary platforms and operational data, the company seeks to enhance decision-making, resilience, and efficiency. At the same time, it aims to build a Taiwan-based health and nutrition brand with export capabilities and growing international recognition, laying the foundation for long-term sustainable growth.

Company and Product Overview

Established in 2013, Juan Yuan Limited is a leading Taiwan-based sports nutrition brand. The company has consistently incorporated its products into everyday consumption, expanding access to health and nutrition across diverse daily scenarios. Under its high-protein brand Tryall, Juan Yuan’s products have entered major retail channels, including PX Mart, Carrefour, RT-Mart, Decathlon, POYA, and 7-ELEVEN, achieving extensive coverage across supermarkets, convenience stores, and sports retail outlets. At the same time, the company has strengthened its online presence through its e-commerce platform, UrMart, enabling consumers to access nutritional products more conveniently throughout the day.

Moving forward, Juan Yuan plans to further broaden its brand portfolio and leverage operational data from UrMart to develop an integrated system linking brand management with sales execution. Through this strategy, the company aims to steadily increase market share and enhance customer loyalty, thereby reinforcing its long-term competitive position.

 

#FoodAndBeverage #Ecommerce #NutritionAndHealth #HighProtein

For the official website and related news, please refer to the links below:
*Official Website: https://urmart.com/
*Funding News: https://to.findit.org.tw/7hfh7j
 

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